1565 Cherboneau Pl
DetroitMI48207
Cheap Homes for Rent in CBD Neighborhood of Detroit, MI from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the CBD area of Detroit.
1300 E Lafayette St
DetroitMI48207
150 Park St W
WindsorONN9A 7A2
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.
150 Park St W
WindsorONN9A 7A2
150 Park St W
WindsorONN9A 7A2
475 Louis Ave
WindsorONN9A 1W5
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.
135 Oak St
WindsorONN9A 5E5
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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 | $2,433 | $1,695 | $5,000 |
| CBD 3 Bedroom Homes for Rent | $4,414 | $1,600 | $7,000 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 1 mile radius of the CBD Neighborhood of Detroit, MI.
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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 Heather Hall priced from $790. New Cadillac Square Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable CBD apartments for rent in Detroit, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heather Hall | Studio 1 Bathroom | Studio,1BA | $790 |
| New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
| Palms | Studio A3 | Studio,1BA | $895 |
Best Value Apartments for Rent in CBD, MI
As of January 23, 2026 the best value apartment in the CBD area is the $1.71 price per square foot 1408-Branch Lofts - 2 Bed Renovated Model at Branch Lofts in the in the Necklace District neighborhood starting from $2,049. The second greatest value CBD apartment is the 743 Beaubien St Model at 743 Beaubien St, Unit 303 starting at $1,545 with a $1.40 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. |
|---|---|---|---|
| Branch Lofts | 1408-Branch Lofts - 2 Bed Renovated | 2BR,1BA | $1.71 |
| 743 Beaubien St, Unit 303 | 743 Beaubien St | 1BR,1BA | $1.40 |
| Lafayette Park Place - Detroit, MI | Two Bedroom Apartment | 2BR,1BA | $1.57 |
| The Claridge Apartments | 1bed/ 1bath | 1BR,1BA | $1.36 |
| Jean Rivard | The Ottowa | 1BR,1BA | $1.42 |
| The Millie on Brush | Ad - Deluxe | 1BR,1BA | $1.88 |
| Lafayette Towers | Cobo | 1BR,1BA | $1.43 |
| Palms East | Balcony | 1BR,1BA | $1.69 |
| New Cadillac Square Apartments | One Bedroom / One Bathroom ($935) | 1BR,1BA | $1.56 |
| Heather Hall | Studio 1 Bathroom | Studio ,1BA | $1.72 |
Frequently Asked Questions about CBD
What type of rentals are currently available in CBD?
There are currently 165 Apartments for Rent in CBD, MI with pricing that ranges from $795 to $23,700. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in CBD ranging from $1,200 to $7,000.
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 $1,200 to $7,000 with an average monthly rent of $2,554.
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.
Articles, How-To's, and Tips
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.