Cheap Homes for Rent in the Downtown Detroit Neighborhood of Detroit, MI from $500 (33 Rentals)

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

property at 329 Randolph Av

$698

Total Monthly Price

Total Monthly Price

Base Rent
$698

Total Monthly Price
$698

1 Bedroom, 3 Bath Home for Rent

Available Now

329 Randolph Av

WindsorONN9B 2T4

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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 Senior LDHA priced from $445. Henry Street Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $660. Here are the most affordable Downtown Detroit apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Friendship Meadows Senior LDHA1 Bedroom1BR,1BA$445
Henry Street ApartmentsStudioStudio,1BA$660
CATHEDRAL TOWER APARTMENTSThe WarrenStudio,1BA$663
Heather HallStudio 1 BathroomStudio,1BA$780
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Regency TowerStudio BStudio,1BA$799
Pasadena ApartmentsST/1BStudio,1BA$849
The AmoThe CliffordStudio,1BA$850
71 Garfield StStudio, 1 bathStudio,1BA$899
Delray Senior Housing1 Bed, 1 bath1BR,1BA$899

Best Value Apartments for Rent in Downtown Detroit, MI

As of July 16, 2026 the best value apartment in the Downtown Detroit area is the $1.00 price per square foot 3 Bedroom Model at Ouellette Place in the in the Downtown Detroit neighborhood starting from $2,800. The second greatest value Downtown Detroit apartment is the 1 Bed/1 Bath Model at The Murray starting at $1,495 with a $1.12 price per square foot in the Downtown Detroit 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.
Ouellette Place3 Bedroom3BR,2BA$1.00
The Murray1 Bed/1 Bath1BR,1BA$1.12
River PlaceBrownstone - 2/22BR,2BA$1.41
Brainard Street Apartments3 Beds, 1.5 baths3BR,1.5BA$1.21
E & B Brewery LoftsStudioStudio ,1BA$1.10
Van Dyke Village Apartments2 Bed 1 Bath2BR,1BA$1.30
Delray Senior Housing2 Beds, 1 bath2BR,1BA$1.23
Friendship Meadows Senior LDHA2 Bedroom2BR,1BA$1.37
Henry Street ApartmentsOne Bedroom1BR,1BA$1.23
Union at Midtown2x2 Individual Bedroom1BR,1BA$1.34

Frequently Asked Questions about Downtown Detroit

What type of rentals are currently available in Downtown Detroit?

There are currently 603 Apartments for Rent in Downtown Detroit, MI with pricing that ranges from $445 to $10,532. There are also 290 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Detroit ranging from $560 to $5,000.

What is the current price range for Rental Homes in Downtown Detroit?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Detroit ranges from $560 to $5,000 with an average monthly rent of $2,069.

How much are larger Three and Four Bedroom Rentals in Downtown Detroit?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Detroit range from $595 to $7,290, while Three Bedroom Homes, Condos, and Townhomes for rent range from $759 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,550 and Four Bedroom Apartments start at $3,800.

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.

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