560 Chatham St W
WindsorONN9A 5N2
Cheap Homes for Rent in the CBD Neighborhood of Detroit, MI from $600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the CBD area of Detroit.
1565 Cherboneau Pl
DetroitMI48207
Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide
Looking for an apartment near Detroit? Our local expert guides you through 12 of Metro Detroit's best communities across four distinct corridors to help you find the perfect fit.
762 Aylmer Ave
WindsorONN9A 1V3
762 Aylmer Ave
WindsorONN9A 1V3
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1575 Cherboneau Pl
DetroitMI48207
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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 | $2,254 | $1,250 | $4,250 |
| CBD 3 Bedroom Homes for Rent | $3,416 | $3,250 | $3,500 |
| CBD 6 Bedroom Homes for Rent | $650 | $650 | $650 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 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 Henry Street Apartments priced from $660. Heather Hall has the second lowest priced unit, which is a Studio apartment currently listed from $750. 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 | $750 |
| New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
Best Value Apartments for Rent in CBD, MI
As of August 20, 2026 the best value apartment in the CBD area is the $1.39 price per square foot Cadillac Model at Lafayette Towers in the in the Necklace District neighborhood starting from $3,000. The second greatest value CBD apartment is the 2 Bedroom, 2 Bathroom Model at The Kales Building starting at $2,320 with a $1.97 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. |
|---|---|---|---|
| Lafayette Towers | Cadillac | 3BR,2BA | $1.39 |
| The Kales Building | 2 Bedroom, 2 Bathroom | 2BR,2BA | $1.97 |
| 743 Beaubien St, Unit 303 | 743 Beaubien St | 1BR,1BA | $1.40 |
| The Millie on Brush | A2d - Deluxe | 1BR,1BA | $1.78 |
| Lafayette Park Place - Detroit, MI | One Bedroom | 1BR,1BA | $1.59 |
| Henry Street Apartments | One Bedroom | 1BR,1BA | $1.23 |
| Palms East | Balcony | 1BR,1BA | $1.69 |
| The Pavilion | Nicolet | 1BR,1BA | $1.84 |
| New Cadillac Square Apartments | One Bedroom / One Bathroom ($935) | 1BR,1BA | $1.56 |
| Heather Hall | Studio 1 Bathroom | Studio ,1BA | $1.63 |
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 $660 to $11,040. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in CBD ranging from $650 to $4,250.
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 $650 to $4,250 with an average monthly rent of $2,104.
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
Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Metro Detroit. As covered in other articles, the City of Detroit has much to offer to renters.
Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers
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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.
The Detroit Insider's Renting Guide: A Locals Look Under the Hood of Motown
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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.
The Best Detroit Area Neighborhoods for Off-Campus Housing Renters
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Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.