
Cheap Homes for Rent in the Downtown Neighborhood of Detroit, MI from $1,600 (35 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Detroit.


111 Riverside Dr E, Unit 107

150 Park St W, Unit 1505

150 Park St W, Unit 1505

405 Pelissier St, Unit A

135 Oak Ave

135 Oak Ave

405 Pelissier St, Unit A
Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide
Looking for an apartment near Detroit? Our local expert guides you through 12 of Metro Detroit's best communities across four distinct corridors to help you find the perfect fit.

150 Park St W

267 Pelissier St, Unit 403

267 Pelissier St, Unit 403

150 Park St W, Unit 816

116 Elm Ave

116 Elm Ave

111 Riverside Dr E, Unit 312

111 Riverside Dr E, Unit 312
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

150 Park St W, Unit 816

150 Park St W, Unit 2208

150 Park St W, Unit 2208

150 PARK 1109 Park, Unit 1109

150 PARK 1109 Park, Unit 1109

380 Pelissier St, Unit 301

380 Pelissier St, Unit 301

111 Riverside Dr E, Unit 914
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.

111 Riverside Dr E, Unit 914

267 Pelissier St, Unit 402

267 Pelissier St, Unit 402

111 Riverside Dr E, Unit 1415

111 Riverside Dr E, Unit 1415

111 Riverside Dr E, Unit 1105

111 Riverside Dr E, Unit 1105

1410 Gratiot Ave, Unit #302
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.

1001 W Jefferson Ave, Unit 22I

150 Park St W, Unit 1812

150 Park St W, Unit 1812
Downtown, Detroit, MI Local Guide

How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $2,298 | $1,650 | $4,250 |
| Downtown 3 Bedroom Homes for Rent | $3,425 | $2,750 | $3,950 |
Browse Homes for Rent in this Neighborhood
There are currently 35 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Detroit, MI.
Explore Detroit
Cheapest Available Downtown Apartments for Rent
 The cheapest available apartment rental in the Downtown area of Detroit, MI is a Studio unit found at Henry Street Apartments priced from $660. Heather Hall has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Downtown apartments for rent in Detroit, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Henry Street Apartments | Studio | Studio,1BA | $660 |
| Heather Hall | Studio 1 Bathroom | Studio,1BA | $750 |
| New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
| Wabash Flats | Studio | Studio,1BA | $855 |
| The Amo | The Peterboro | Studio,1BA | $900 |
| City Place Detroit | Studio Apartment | Studio,1BA | $900 |
| The Hive on Russell | Studio, 1 bath | Studio,1BA | $905 |
| The Pavilion | Lafayette | Studio,1BA | $929 |
| The Charlotte | Studio 1 Bath | Studio,1BA | $1,015 |
| Corktown Ash Apartments | Standard | 1BR,1BA | $1,049 |
Best Value Apartments for Rent in Downtown, MI
As of September 10, 2026 the best value apartment in the Downtown area is the $2.03 price per square foot Diamond Jefferson Model at The Pavilion in the in the Necklace District neighborhood starting from $2,309. The second greatest value Downtown apartment is the 2016 Wabash St Model at 2016 Wabash St, Unit Upstairs starting at $1,550 with a $1.70 price per square foot in the Downtown Detroit neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Pavilion | Diamond Jefferson | 2BR,1BA | $2.03 |
| 2016 Wabash St, Unit Upstairs | 2016 Wabash St | 2BR,1BA | $1.70 |
| Henry Street Apartments | One Bedroom | 1BR,1BA | $1.23 |
| The Millie on Brush | Ad - Deluxe | 1BR,1BA | $1.66 |
| Millwood Place Apartments | One Bedroom Apartment | 1BR,1BA | $1.99 |
| Corktown Ash Apartments | Standard | 2BR,1BA | $1.87 |
| New Cadillac Square Apartments | One Bedroom / One Bathroom ($935) | 1BR,1BA | $1.56 |
| City Place Detroit | Renovated Studio | Studio ,1BA | $2.08 |
| Heather Hall | Studio 1 Bathroom | Studio ,1BA | $1.63 |
| Wabash Flats | Studio | Studio ,1BA | $1.90 |
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 162 Apartments for Rent in Downtown, MI with pricing that ranges from $660 to $9,311. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,600 to $4,250.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $1,600 to $4,250 with an average monthly rent of $2,204.
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

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.

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.

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.

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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
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.