
Cheap Homes for Rent in CBD Neighborhood of Detroit, MI from $1,100 (18 Rentals)
Search the lowest-cost Homes available for rent right now in the CBD area of Detroit.


1575 Cherboneau Pl

130 Elm Ave, Unit 126 LOWER

130 Elm Ave, Unit 126 UPPER

130 Elm Ave, Unit 124 LOWER

130 Elm Ave, Unit 124 LOWER
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

130 Elm Ave, Unit 126 LOWER

130 Elm Ave, Unit 126 UPPER

150 Park St W, Unit 811

150 Park St W, Unit 811

130 Elm Ave, Unit 124 UPPER

130 Elm Ave, Unit 124 UPPER
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

1515 Cherboneau Pl

111 Riverside Dr E, Unit 1607

111 Riverside Dr E, Unit 1607

476 Aylmer Ave

150 Park St W, Unit 1111

150 Park St W, Unit 1111
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 | $2,126 | $1,460 | $3,100 |
| CBD 3 Bedroom Homes for Rent | $2,716 | $1,531 | $5,000 |
| CBD 4 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Homes for Rent in this Neighborhood
There are currently 18 rentals with your search options within a 1 mile radius of the CBD Neighborhood of Detroit, MI.
Explore Detroit
Cheapest Available CBD Apartments for Rent
 The cheapest available apartment rental in the CBD area of Detroit, MI is a Studio unit found at Henry Street Apartments priced from $660. Heather Hall has the second lowest priced unit, which is a Studio apartment currently listed from $780. Here are the most affordable CBD apartments for rent in Detroit, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Henry Street Apartments | Studio | Studio,1BA | $660 |
| Heather Hall | Studio 1 Bathroom | Studio,1BA | $780 |
| New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
| The Amo | The Clifford | Studio,1BA | $850 |
| City Place Detroit | Studio Apartment | Studio,1BA | $900 |
Best Value Apartments for Rent in CBD, MI
As of July 06, 2026 the best value apartment in the CBD area is the $1.73 price per square foot C3PH - Penthouse Model at The Millie on Brush in the in the Necklace District neighborhood starting from $2,445. The second greatest value CBD apartment is the Diamond Jefferson Model at The Pavilion starting at $2,357 with a $2.07 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. |
|---|---|---|---|
| The Millie on Brush | C3PH - Penthouse | 2BR,2BA | $1.73 |
| The Pavilion | Diamond Jefferson | 2BR,1BA | $2.07 |
| DuCharme Place Apartments | C2 | 2BR,2BA | $2.02 |
| Henry Street Apartments | One Bedroom | 1BR,1BA | $1.23 |
| The Claridge Apartments | 1bed/ 1bath | 1BR,1BA | $1.67 |
| Palms East | Balcony | 1BR,1BA | $1.69 |
| Millwood Place Apartments | One Bedroom Apartment | 1BR,1BA | $1.99 |
| Central Park | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.73 |
| New Cadillac Square Apartments | One Bedroom / One Bathroom ($935) | 1BR,1BA | $1.56 |
| Heather Hall | Studio 1 Bathroom | Studio ,1BA | $1.70 |
Frequently Asked Questions about CBD
What type of rentals are currently available in CBD?
There are currently 163 Apartments for Rent in CBD, MI with pricing that ranges from $660 to $9,952. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in CBD ranging from $1,100 to $5,000.
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 $1,100 to $5,000 with an average monthly rent of $2,199.
Expert Rental Resources
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.
Helpful Local Expert Guides

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 Best Detroit Area Neighborhoods for Off-Campus Housing Renters
Written by: Tim Brown
Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.

The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown
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 and have witnessed the city and its surrounding metro area undergo a renaissance.

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers
Written by: Tim Brown
The auto industry remains the largest employment sector in the Motor City and surrounding communities, though the metro area has a significant presence in other sectors, including medical and financial services.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.