Cheap Homes for Rent in Downtown Detroit Neighborhood of Detroit, MI from $500 (45 Rentals)

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

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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.

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property at 2900 E Jefferson Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

1 Bedroom, 2 Bath Condo for Rent

Available Now

2900 E Jefferson Ave

DetroitMI48207

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Explore the best residential neighborhoods and apartment options near major employers like GM, Ford, Stellantis, Rocket Companies, and Corewell Health. Find your perfect Motor City home.

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Showing Results 1-45, Page 1 of 1

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$705
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Regency TowerStudio BStudio,1BA$799
The PalmsStudio A3Studio,1BA$895
71 Garfield StStudio, 1 bathStudio,1BA$899
The LindleyBT StudioStudio,1BA$899
Westwill Apartments MidtownThe Mack1BR,1BA$900
City Place DetroitStudio ApartmentStudio,1BA$900

Best Value Apartments for Rent in Downtown Detroit, MI

As of June 01, 2026 the best value apartment in the Downtown Detroit area is the $1.18 price per square foot 1 Bed/1 Bath Model at The Murray in the in the Downtown Detroit neighborhood starting from $1,495. The second greatest value Downtown Detroit apartment is the Rooftop - 3/2 Model at River Place starting at $1,950 with a $1.56 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.
The Murray1 Bed/1 Bath1BR,1BA$1.18
River PlaceRooftop - 3/23BR,2BA$1.56
Brainard Street Apartments3 Beds, 1.5 baths3BR,1.5BA$1.16
E & B Brewery LoftsStudioStudio ,1BA$1.10
Van Dyke Village Apartments2 Bed 1 Bath2BR,1BA$1.30
The CommodoreFurnished 1 -Bedroom Apt.1BR,1BA$1.56
Jean RivardThe Quarter1BR,1BA$1.27
Friendship Meadows LDHA2 Bedroom2BR,1BA$1.37
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Heather HallStudio 1 BathroomStudio ,1BA$1.53

Frequently Asked Questions about Downtown Detroit

What type of rentals are currently available in Downtown Detroit?

There are currently 608 Apartments for Rent in Downtown Detroit, MI with pricing that ranges from $445 to $9,935. There are also 298 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 $2,311.

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 $5,140, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,000.

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

decorative image for A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent article

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.

decorative image for The Best Detroit Area Neighborhoods for Off-Campus Housing Renters article

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.

decorative image for Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers article

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.