Cheap Homes for Rent in the Downtown Detroit Neighborhood of Detroit, MI from $600 (42 Rentals)

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

Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide

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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 Studio unit found at Henry Street Apartments priced from $660. 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
Henry Street ApartmentsStudioStudio,1BA$660
CATHEDRAL TOWER APARTMENTSThe WarrenStudio,1BA$663
Parkview Senior ApartmentsStudioStudio,1BA$734
Heather HallStudio 1 BathroomStudio,1BA$750
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Regency TowerStudio BStudio,1BA$799
Pasadena ApartmentsST/1BStudio,1BA$849
The Rochelle aka Fourth WillisStudio1BR,1BA$850
Wabash FlatsStudioStudio,1BA$855
The Keyes0BR/1.0BAStudio,1BA$895

Best Value Apartments for Rent in Downtown Detroit, MI

As of August 30, 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$1.45
Brainard Street Apartments3 Beds, 1.5 baths3BR,1.5BA$1.21
E & B Brewery LoftsStudioStudio ,1BA$1.10
743 Beaubien St, Unit 303743 Beaubien St1BR,1BA$1.40
Van Dyke Village Apartments2 Bed 1 Bath2BR,1BA$1.30
Delray Senior Housing2 Beds, 1 bath2BR,1BA$1.23
Henry Street ApartmentsOne Bedroom1BR,1BA$1.23
North Corktown Apartments2 Bedroom - 1 Bath2BR,1BA$1.53

Frequently Asked Questions about Downtown Detroit

What type of rentals are currently available in Downtown Detroit?

There are currently 610 Apartments for Rent in Downtown Detroit, MI with pricing that ranges from $445 to $11,860. There are also 280 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Detroit ranging from $600 to $4,250.

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 $600 to $4,250 with an average monthly rent of $1,841.

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 $700 to $7,290, while Three Bedroom Homes, Condos, and Townhomes for rent range from $725 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,149.

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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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.

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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.

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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.

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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.

Articles, How-To's, and Tips

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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.

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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.

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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.

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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.