
Cheap Homes for Rent in Downtown Neighborhood of Detroit, MI from $1,300 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Detroit.


493 University Ave W

493 University Ave W

493 University Ave W

150 Park St W

380 Pelissier St
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.

380 Pelissier St

3716 Lincoln St, Unit 5

135 Oak St

135 Oak Ave

111 Riverside Dr E

111 Riverside Dr E
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.
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 | $2,462 | $1,695 | $3,500 |
| Downtown 3 Bedroom Homes for Rent | $4,333 | $3,000 | $7,000 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heather Hall | Studio 1 Bathroom | Studio,1BA | $790 |
| New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
| Fyfe Apartments | S2 CL | Studio,1BA | $895 |
| City Place Detroit | Studio Apartment | Studio,1BA | $900 |
| 28Grand | Unit B | Studio,1BA | $920 |
Best Value Apartments for Rent in Downtown, MI
As of March 12, 2026 the best value apartment in the Downtown area is the $1.76 price per square foot C3PH - Penthouse Model at The Millie on Brush in the in the Necklace District neighborhood starting from $2,485. The second greatest value Downtown apartment is the 1408-Branch Lofts - 2 Bed Renovated Model at Branch Lofts starting at $1,995 with a $1.66 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Millie on Brush | C3PH - Penthouse | 2BR,2BA | $1.76 |
| Branch Lofts | 1408-Branch Lofts - 2 Bed Renovated | 2BR,1BA | $1.66 |
| The Kales Building | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.52 |
| 743 Beaubien St, Unit 303 | 743 Beaubien St | 1BR,1BA | $1.40 |
| The Claridge Apartments | 1bed/ 1bath | 1BR,1BA | $1.36 |
| 2016 Wabash St, Unit Upstairs | 2016 Wabash St | 2BR,1BA | $1.62 |
| 2014 Wabash St, Unit 1 | 2014 Wabash St | 2BR,1BA | $1.72 |
| Jean Rivard | The Ottowa | 1BR,1BA | $1.33 |
| New Cadillac Square Apartments | One Bedroom / One Bathroom ($935) | 1BR,1BA | $1.56 |
| Heather Hall | Studio 1 Bathroom | Studio ,1BA | $1.72 |
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 $795 to $26,419. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,375 to $7,000.
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 $1,375 to $7,000 with an average monthly rent of $2,827.
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

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.

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.