1565 Cherboneau Pl
DetroitMI48207
Cheap Homes for Rent in CBD Neighborhood of Detroit, MI from $1,200 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the CBD area of Detroit.
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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111 Riverside Dr E
WindsorONN9A 2S6
111 Riverside Dr E
WindsorONN9A 2S6
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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150 Park St W
WindsorONN9A 7A2
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
150 Park St W
WindsorONN9A 7A2
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CBD, Detroit, MI Local Guide
How much does it cost to rent a home in CBD?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| CBD 2 Bedroom Homes for Rent | $3,091 | $2,200 | $3,650 |
Browse Homes for Rent in this Neighborhood
There are currently 16 rentals with your search options within a 1 mile radius of the CBD Neighborhood of Detroit, MI.
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CBD, Detroit, MI Local Guide
- Nearby Detroit neighborhoods
- Nearby Cities
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Cheapest Available CBD Apartments for Rent
The cheapest available apartment rental in the CBD area of Detroit, MI is a Studio unit found at New Cadillac Square Apartments priced from $795. Heather Hall has the second lowest priced unit, which is a Studio apartment currently listed from $845. Here are the most affordable CBD apartments for rent in Detroit, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
| Heather Hall | Studio 1 Bathroom | Studio,1BA | $845 |
| Town Residences | S8 | Studio,1BA | $895 |
| CBD Detroit Apartments | Studio Affordable Program Nn-AFF | Studio,1BA | $895 |
| City Place Detroit | Studio Apartment | Studio,1BA | $900 |
Best Value Apartments for Rent in CBD, MI
As of June 05, 2025 the best value apartment in the CBD area is the $1.92 price per square foot The Robertson - 2 Bed 2 Bath Model at Elton Park Corktown Apartments in the in the Necklace District neighborhood starting from $2,385. The second greatest value CBD apartment is the 743 Beaubien St Model at 743 Beaubien St, Unit 303 starting at $1,485 with a $1.35 price per square foot in the Necklace District neighborhood. Here is today’s list of the best values for CBD apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Elton Park Corktown Apartments | The Robertson - 2 Bed 2 Bath | 2BR,2BA | $1.92 |
| 743 Beaubien St, Unit 303 | 743 Beaubien St | Studio ,1BA | $1.35 |
| The Millie on Brush | Bp - Premium | 2BR,1BA | $1.75 |
| The Claridge Apartments | 1bed/ 1bath | 1BR,1BA | $1.36 |
| Lafayette Park Place - Detroit, MI | One Bedroom | 1BR,1BA | $1.47 |
| Lafayette Towers | Fisher | 1BR,1BA | $1.48 |
| Palms East | Balcony | 1BR,1BA | $1.62 |
| Central Park | One Bedroom | 1BR,1BA | $1.73 |
| New Cadillac Square Apartments | One Bedroom / One Bathroom ($935) | 1BR,1BA | $1.56 |
| Heather Hall | Studio 1 Bathroom | Studio ,1BA | $1.84 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Frequently Asked Questions about CBD
What type of rentals are currently available in CBD?
There are currently 164 Apartments for Rent in CBD, MI with pricing that ranges from $750 to $8,210. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in CBD ranging from $1,200 to $3,650.
What is the current price range for Rental Homes in CBD?
Today's rental pricing for Homes for Rent, Condos and Townhomes in CBD ranges from $1,200 to $3,650 with an average monthly rent of $2,425.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.