
Cheap Homes for Rent in Downtown Detroit Neighborhood of Detroit, MI from $500 (43 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Detroit area of Detroit.


849 Dougall Ave

1654 Martindale St

1654 Martindale St

363 Curry Ave

363 Curry Ave

3053 Tillman St

987 Lincoln Rd
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.

987 Lincoln Rd

1565 Cherboneau Pl

476 Parent 2

476 Parent 2

202-204 MCKAY

427 Cameron Ave

427 Cameron Ave

202-204 MCKAY
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

406 West St

531 Langlois Ave

531 Langlois Ave

989 Lincoln Rd

989 Lincoln Rd

758 Pierre Ave

758 Pierre Ave
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.

359 Lincoln Rd

181 California Av

1188 Wyandotte St E

308 Randolph Ave

1178 Giles Blvd E

1178 Giles Blvd E

581 Pierre Ave

308 Randolph Ave
Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers
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.

2035 University Ave W

1545 Cherboneau Pl, Unit 41, Unit 41

493 University Ave W

493 University Ave W

1567 Cataraqui St

1567 Cataraqui St

308 Randolph Ave

2900 E Jefferson Ave
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.

308 Randolph Ave

308 Randolph Ave

308 Randolph Ave
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 | $1,959 | $870 | $4,250 |
| Downtown Detroit 3 Bedroom Homes for Rent | $2,022 | $1,500 | $3,000 |
| Downtown Detroit 4 Bedroom Homes for Rent | $2,646 | $2,100 | $3,500 |
| Downtown Detroit 5 Bedroom Homes for Rent | $2,170 | $695 | $2,750 |
| Downtown Detroit 7 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 43 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Friendship Meadows LDHA | 1 Bedroom | 1BR,1BA | $445 |
| CATHEDRAL TOWER APARTMENTS | The Warren | Studio,1BA | $663 |
| Heather Hall | Studio 1 Bathroom | Studio,1BA | $790 |
| New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
| Regency Towers | Studio B | Studio,1BA | $799 |
| Pasadena Investments LLC | ST/1B | 1BR,1BA | $800 |
| Town Residences | S2 | Studio,1BA | $840 |
| Broderick Manor | One Bedroom, One Bathroom (Junior) | 1BR,1BA | $845 |
| The Rochelle aka Fourth Willis | 1 Bedroom Apt | 1BR,1BA | $850 |
| El Tovar Apartments | 1 bedroom 1 Bathroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in Downtown Detroit, MI
As of April 17, 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Murray | 1 Bed/1 Bath | 1BR,1BA | $1.18 |
| Brainard Street Apartments | 3 Beds, 1.5 baths | 3BR,1.5BA | $1.16 |
| E & B Brewery Lofts | Studio | Studio ,1BA | $1.10 |
| 743 Beaubien St, Unit 303 | 743 Beaubien St | 1BR,1BA | $1.40 |
| Van Dyke Village Apartments | 2B 940 | 2BR,1BA | $1.17 |
| The Commodore | Furnished 1 -Bedroom Apt. | 1BR,1BA | $1.56 |
| Jean Rivard | The Quarter | 1BR,1BA | $1.27 |
| Friendship Meadows LDHA | 2 Bedroom | 2BR,1BA | $1.37 |
| Hubbard Apartments | A - 1 Bedroom | 1BR,1BA | $1.51 |
| The Rochelle aka Fourth Willis | 1 Bedroom Apt | 1BR,1BA | $1.55 |
Frequently Asked Questions about Downtown Detroit
What type of rentals are currently available in Downtown Detroit?
There are currently 596 Apartments for Rent in Downtown Detroit, MI with pricing that ranges from $445 to $10,515. There are also 282 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Detroit ranging from $560 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 $560 to $4,250 with an average monthly rent of $2,023.
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 $1,389 to $8,011, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,100 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

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 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.

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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.