Cheap Homes for Rent in Downtown Neighborhood of Detroit, MI from $1,500 (19 Rentals)

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

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Showing Results 1-19, Page 1 of 1

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 The Amo priced from $700. 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
The AmoThe CliffordStudio,1BA$700
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Town ResidencesS3Studio,1BA$800
Heather HallStudio 1 BathroomStudio,1BA$835
Fyfe ApartmentsS2 (Studio / One Bathroom Classic)Studio,1BA$895

Best Value Apartments for Rent in Downtown, MI

As of September 12, 2025 the best value apartment in the Downtown area is the $1.50 price per square foot 1412-Branch Lofts - 2Bed - 1Bath Model at Branch Lofts in the in the Necklace District neighborhood starting from $1,795. The second greatest value Downtown apartment is the Premier Jefferson Model at The Pavilion starting at $2,222 with a $1.95 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 Lofts1412-Branch Lofts - 2Bed - 1Bath2BR,1BA$1.50
The PavilionPremier Jefferson2BR,1BA$1.95
743 Beaubien St, Unit 303743 Beaubien St1BR,1BA$1.35
The Millie on BrushBp - Premium2BR,1BA$1.75
The Kales Building2 Bedroom, 1.5 Bathroom2BR,1.5BA$1.78
Briggs HouzeOne Bedroom, One and Half Bath1BR,1.5BA$1.94
Wabash Flats1B/1B1BR,1BA$1.88
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Fyfe ApartmentsS1 (Studio / One Bathroom)Studio ,1BA$1.96
Heather HallStudio 1 BathroomStudio ,1BA$1.82

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown, Detroit, MI

Ranked #12

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 158 Apartments for Rent in Downtown, MI with pricing that ranges from $700 to $8,017. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,500 to $4,500.

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 $1,500 to $4,500 with an average monthly rent of $2,536.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.