Cheap Homes for Rent in CBD Neighborhood of Detroit, MI from $1,200 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in the CBD area of Detroit.

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.

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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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Showing Results 1-11, Page 1 of 1

CBD, Detroit, MI Local Guide

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 ListingModel NameBed/BathPriced From
Heather HallStudio 1 BathroomStudio,1BA$790
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Lafayette TowersFoxStudio,1BA$880
PalmsStudio A8Studio,1BA$895
Town ResidencesS8Studio,1BA$895

Best Value Apartments for Rent in CBD, MI

As of December 07, 2025 the best value apartment in the CBD area is the $1.35 price per square foot 743 Beaubien St Model at 743 Beaubien St, Unit 303 in the in the Necklace District neighborhood starting from $1,485. The second greatest value CBD apartment is the 1bed/ 1bath Model at The Claridge Apartments starting at $1,350 with a $1.36 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 ListingModel NameBed/BathPrice Per Sq.Ft.
743 Beaubien St, Unit 303743 Beaubien St1BR,1BA$1.35
The Claridge Apartments1bed/ 1bath1BR,1BA$1.36
The Checker BuildingThe Checker - 1 Bed 1 Bath1BR,1BA$1.65
Jean RivardThe Ottowa1BR,1BA$1.42
The Millie on BrushAd - Deluxe1BR,1BA$1.67
Palms EastBalcony1BR,1BA$1.69
Lafayette Park Place - Detroit, MIStudioStudio ,1BA$1.69
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
The Charlotte1 Bedroom 1 Bathroom1BR,1BA$1.70
Lafayette TowersFoxStudio ,1BA$1.67

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Detroit area for Off-Campus Student Housing. Find your perfect Detroit Student apartment, condo, or rental home today at ApartmentHomeliving.com

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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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Pet Friendly Lifestyle
Cbd, Detroit, MI

Ranked #11

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about CBD

What type of rentals are currently available in CBD?

There are currently 167 Apartments for Rent in CBD, MI with pricing that ranges from $795 to $7,200. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in CBD ranging from $1,200 to $6,000.

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 $6,000 with an average monthly rent of $2,376.

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.

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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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!