Cheap Apartments for Rent in the Downtown Neighborhood of Detroit, MI from $700 (40 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
close
View Me
Lafayette West Apartments
Rent Specials
$1,100 - $2,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,021 - $2,521
Required Monthly Fees
$79
Total Monthly Price
$1,100 - $2,600
Studio to 2 Bedroom Apartments Available Now

Lafayette West Apartments

1405 Rivard StDetroit, MI 48207
Affordability
  • Verified
  • 3D Tour
close
View Me
Wabash Flats
$1,125 - $1,128
Total Monthly Price

Total Monthly Price

Base Rent
$1,095 - $1,098
Required Monthly Fees
$30
Total Monthly Price
$1,125 - $1,128
1 Bedroom Apartments Contact Us For Availability

Wabash Flats

2072 Wabash StDetroit, MI 48216
Transit Friendly
  • Verified
  • Utilities Included
close
View Me
Corktown Ash Apartments
Rent Specials
$1,149 - $1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,114 - $1,765
Required Monthly Fees
$35
Total Monthly Price
$1,149 - $1,800
1 to 2 Bedroom Apartments Available Now

Corktown Ash Apartments

1533 Ash StDetroit, MI 48208
Transit Friendly
  • Verified
  • Utilities Included
  • 3D Tour

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.

Read Article
close
View Me
Residences at 150 Bagley
$1,285 - $4,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,285 - $4,100
Total Monthly Price
$1,285 - $4,100
1 to 2 Bedroom Apartments Available Now

Residences at 150 Bagley

150 Bagley StDetroit, MI 48226
Transit Friendly
  • Verified
  • Utilities Included
  • Low Income

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.

Read Article
property at 555 Brush St

$1,335 - $2,195

1 To 2 Bedroom Rentals

Available Now

555 Brush St

DetroitMI48226

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
close
View Me
Heather Hall
Studio to 1 Bedroom Apartments

Heather Hall

3444 2nd AveDetroit, MI 48201
close
View Me
14th Street Lofts
1 to 2 Bedroom Apartments

14th Street Lofts

2101 W Lafayette BlvdDetroit, MI 48216
  • Utilities Included
close
View Me
Coat Factory Lofts
Studio Apartments

Coat Factory Lofts

1652 W Fort StDetroit, MI 48216
  • Utilities Included
close
View Me
Broderick Tower
Studio to 3 Bedroom Apartments

Broderick Tower

10 Witherell StDetroit, MI 48226
  • Utilities Included
close
View Me
2623 Cochrane St
1 to 2 Bedroom Apartments

2623 Cochrane St

2623 Cochrane StDetroit, MI 48216
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-40, Page 1 of 1

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Detroit, MI is a Studio unit found at Heather Hall priced from $790. New Cadillac Square Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Downtown apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Heather HallStudio 1 BathroomStudio,1BA$790
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Town ResidencesS3Studio,1BA$840
Fyfe ApartmentsS2 CLStudio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900
The PavilionLarnedStudio,1BA$999
Briggs HouzeStudioStudio,1BA$999
The CharlotteStudio 1 BathStudio,1BA$1,000
28GrandUnit DStudio,1BA$1,020
The AmoThe PeterboroStudio,1BA$1,050

Best Value Apartments for Rent in Downtown, MI

As of February 22, 2026 the best value apartment in the Downtown area is the $1.66 price per square foot 1408-Branch Lofts - 2 Bed Renovated Model at Branch Lofts in the in the Necklace District neighborhood starting from $1,995. The second greatest value Downtown apartment is the 743 Beaubien St Model at 743 Beaubien St, Unit 303 starting at $1,545 with a $1.40 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.
Branch Lofts1408-Branch Lofts - 2 Bed Renovated2BR,1BA$1.66
743 Beaubien St, Unit 303743 Beaubien St1BR,1BA$1.40
The Kales Building1 Bedroom, 1 Bathroom1BR,1BA$1.62
The Claridge Apartments1bed/ 1bath1BR,1BA$1.36
Jean RivardThe Ottowa1BR,1BA$1.42
Welcome to the Addison-Historic Charm Meets Modern Living in Midtown DetroitThe Wilby-1 Bed with Office1BR,1BA$1.97
Millwood Place ApartmentsOne Bedroom Apartment1BR,1BA$1.99
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Philip HouzeStudioStudio ,1BA$2.04
Heather HallStudio 1 BathroomStudio ,1BA$1.72

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 $1,050.

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 $6,000.

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 90 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown?

Cheap apartments in Downtown have an average cost of $411 which is $5,589 cheaper than the average rent for all rentals in Downtown.

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.

decorative image for The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown article

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.

Articles, How-To's, and Tips

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.