
Cheap Homes for Rent in the Downtown Detroit Neighborhood of Detroit, MI from $500 (33 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Detroit area of Detroit.


849 Dougall Ave

600 Park St W

600 Park St W

1654 Martindale St

1654 Martindale St

329 Randolph Av

600 Park St W
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

600 Park St W

363 Curry Ave

363 Curry Ave

363 Curry Ave

363 Curry Ave

912 Hall Ave

912 Hall Ave

1565 Cherboneau Pl
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.

404 West St

637 Tuscarora St

637 Tuscarora St

406 West St

2035 University Ave W, Unit 102

2035 University Ave W, Unit 102

2035 University Ave W, Unit 307

2035 University Ave W, Unit 307
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.

2035 University Ave W, Unit 205

805 Giles Blvd E

805 Giles Blvd E

2035 University Ave W, Unit 205

1575 Cherboneau Pl

752 Windermere Rd

752 Windermere Rd

702 Lincoln Rd
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.

702 Lincoln Rd
Downtown Detroit, Detroit, MI Local Guide

How much does it cost to rent a home in Downtown Detroit?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Detroit 2 Bedroom Homes for Rent | $1,900 | $595 | $4,250 |
| Downtown Detroit 3 Bedroom Homes for Rent | $2,123 | $759 | $5,000 |
| Downtown Detroit 4 Bedroom Homes for Rent | $2,268 | $1,550 | $3,300 |
| Downtown Detroit 5 Bedroom Homes for Rent | $1,514 | $695 | $2,195 |
| Downtown Detroit 6 Bedroom Homes for Rent | $3,299 | $3,299 | $3,299 |
| Downtown Detroit 7 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 33 rentals with your search options within a 2 mile radius of the Downtown Detroit Neighborhood of Detroit, MI.
Explore Detroit
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Friendship Meadows Senior LDHA | 1 Bedroom | 1BR,1BA | $445 |
| Henry Street Apartments | Studio | Studio,1BA | $660 |
| CATHEDRAL TOWER APARTMENTS | The Warren | Studio,1BA | $663 |
| Heather Hall | Studio 1 Bathroom | Studio,1BA | $780 |
| New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
| Regency Tower | Studio B | Studio,1BA | $799 |
| Pasadena Apartments | ST/1B | Studio,1BA | $849 |
| The Amo | The Clifford | Studio,1BA | $850 |
| 71 Garfield St | Studio, 1 bath | Studio,1BA | $899 |
| Delray Senior Housing | 1 Bed, 1 bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ouellette Place | 3 Bedroom | 3BR,2BA | $1.00 |
| The Murray | 1 Bed/1 Bath | 1BR,1BA | $1.12 |
| River Place | Brownstone - 2/2 | 2BR,2BA | $1.41 |
| Brainard Street Apartments | 3 Beds, 1.5 baths | 3BR,1.5BA | $1.21 |
| E & B Brewery Lofts | Studio | Studio ,1BA | $1.10 |
| Van Dyke Village Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.30 |
| Delray Senior Housing | 2 Beds, 1 bath | 2BR,1BA | $1.23 |
| Friendship Meadows Senior LDHA | 2 Bedroom | 2BR,1BA | $1.37 |
| Henry Street Apartments | One Bedroom | 1BR,1BA | $1.23 |
| Union at Midtown | 2x2 Individual Bedroom | 1BR,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.
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 Insider's 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.

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers
Written by: Tim Brown
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.
Articles, How-To's, and Tips

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.