Cheap Apartments for Rent in the Downtown Neighborhood of Detroit, MI from $700 (65 Rentals)

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

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Downtown, Detroit, MI Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Detroit, MI is a Studio unit found at New Cadillac Square Apartments priced from $795. Heather Hall has the second lowest priced unit, which is a Studio apartment currently listed from $845. Here are the most affordable Downtown apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Heather HallStudio 1 BathroomStudio,1BA$845
Wabash FlatsCorktown Studio in clean, renovated historic bu...Studio,1BA$850
Town ResidencesS8Studio,1BA$895
The Fyfe ApartmentsS2 (Studio / One Bathroom Classic)Studio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900
The PavilionLafayetteStudio,1BA$959
Briggs HouzeStudioStudio,1BA$999
Left FieldStudioStudio,1BA$1,008
Philip HouzeStudioStudio,1BA$1,049

Best Value Apartments for Rent in Downtown, MI

As of June 20, 2025 the best value apartment in the Downtown area is the $1.92 price per square foot The Robertson - 2 Bed 2 Bath Model at Elton Park Corktown Apartments in the in the Necklace District neighborhood starting from $2,385. The second greatest value Downtown apartment is the 743 Beaubien St Model at 743 Beaubien St, Unit 303 starting at $1,485 with a $1.35 price per square foot in the Necklace District neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Elton Park Corktown ApartmentsThe Robertson - 2 Bed 2 Bath2BR,2BA$1.92
743 Beaubien St, Unit 303743 Beaubien StStudio ,1BA$1.35
The Millie on BrushBp - Premium2BR,1BA$1.75
The Claridge Apartments1bed/ 1bath1BR,1BA$1.36
2100 Trumbull St2100 Trumbull - Full LoftStudio ,1BA$1.62
The Lofts of Merchants RowS04Studio ,1BA$1.83
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Philip HouzeStudioStudio ,1BA$1.95
Heather HallStudio 1 BathroomStudio ,1BA$1.84
Wabash FlatsCorktown Studio in clean, renovated historic bu...Studio ,1BA$1.89

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Pet Friendly Lifestyle
Downtown, Detroit, MI

Ranked #8

Among neighborhoods in Detroit, MI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Apartments

What is a cheap apartment in Downtown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $1,049.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is New Cadillac Square Apartments which is listed at $935, while the average apartment in Downtown costs $3,600.

What types of apartments are the cheapest in Downtown?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 11 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.