Cheap Apartments for Rent in the Downtown Detroit Neighborhood of Detroit, MI from $400 (114 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Detroit 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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The Detroit Insiders Renting Guide: A Local's Look Under the Hood

Moving to Detroit? Get the local breakdown on affordable rental options, easy commutes, and how to navigate the People Mover and Q-Line downtown.

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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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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.

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Downtown Detroit, Detroit, MI Local Guide

Cheapest Available Downtown Detroit Apartments for Rent

 

The cheapest available apartment rental in the Downtown Detroit area of Detroit, MI is a 1 Bed unit found at Friendship Meadows LDHA priced from $445. CATHEDRAL TOWER APARTMENTS has the second lowest priced unit, which is a Studio apartment currently listed from $663. Here are the most affordable Downtown Detroit apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Friendship Meadows LDHA1 Bedroom1BR,1BA$445
CATHEDRAL TOWER APARTMENTSThe WarrenStudio,1BA$663
Heather HallStudio 1 BathroomStudio,1BA$790
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Pasadena Investments LLCST/1BStudio,1BA$800
Villa Lante ApartmentsStudioStudio,1BA$800
Regency TowersStudio AStudio,1BA$800
Broderick ManorOne Bedroom, One Bathroom (Junior)1BR,1BA$845
El Tovar Apartments1 bedroom 1 Bathroom1BR,1BA$875
Lafayette TowersFoxStudio,1BA$880

Best Value Apartments for Rent in Downtown Detroit, MI

As of January 15, 2026 the best value apartment in the Downtown Detroit area is the $1.39 price per square foot 3 Bed/2.5 Bath Model at The Murray in the in the Downtown Detroit neighborhood starting from $2,800. The second greatest value Downtown Detroit apartment is the 3 Beds, 1.5 baths Model at Brainard Street Apartments starting at $1,389 with a $1.16 price per square foot in the Necklace District neighborhood. Here is today’s list of the best values for Downtown Detroit apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Murray3 Bed/2.5 Bath3BR,2.5BA$1.39
Brainard Street Apartments3 Beds, 1.5 baths3BR,1.5BA$1.16
743 Beaubien St, Unit 303743 Beaubien St1BR,1BA$1.40
701 W Canfield St, Unit B2701 W Canfield St1BR,2BA$1.36
The Claridge Apartments1bed/ 1bath1BR,1BA$1.41
Chene Park Commons2 Bedroom2BR,1BA$1.13
Westwill ApartmentsOne Bedroom1BR,1BA$1.06
Van Dyke Village Apartments2B 9402BR,1BA$1.17
Friendship Meadows LDHA2 Bedroom2BR,1BA$1.37
El Tovar Apartments1 bedroom 1 Bathroom1BR,1BA$1.34

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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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.

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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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Lifestyle Ratings

This website compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Michigan, including Detroit. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and easy access to the parks, pet-friendly features, family-friendliness, proximity to transit, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Detroit Apartments

What is the Cheapest Studio apartment in Downtown Detroit?

Currently the most affordable Cheap Studio Apartment in Downtown Detroit is at CATHEDRAL TOWER APARTMENTS listed at $663.

How much is rent for a Cheap One Bedroom Downtown Detroit Apartment?

The lowest price for a Cheap One Bedroom Downtown Detroit Apartment is $445 at Friendship Meadows LDHA.

What is the lowest price for a Cheap Two Bedroom Downtown Detroit Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Detroit is starting from $1,066 at Van Dyke Village Apartments.

What is the most affordable Downtown Detroit Three Bedroom Apartment?

The best deal on a cheap Downtown Detroit Three Bedroom Apartment rental is at Brainard Street Apartments and starts from $1,389.

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

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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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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.

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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

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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.

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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!