
Cheap Homes for Rent in Downtown Neighborhood of Detroit, MI from $1,400 (27 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Detroit.


150 Park St W

1001 W Jefferson Ave, Unit 29D

1515 Cherboneau Pl

150 Park St W

150 Park St W
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

150 Park St W

150 Park St W

111 Riverside Dr E

111 Riverside Dr E

1001 W Jefferson Ave

150 Park St W
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.

150 Park St W

111 Riverside Dr E

150 PARK 2116 Park

150 PARK 2116 Park

111 Riverside Dr E

150 Park St W
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

116 Elm Ave

75 Riverside Dr E

75 Riverside Dr E

116 Elm Ave

150 Park St W

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.

111 Riverside Dr E

75 Riverside Dr E

75 Riverside Dr E
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 | $2,626 | $1,500 | $4,250 |
| Downtown 3 Bedroom Homes for Rent | $3,000 | $2,000 | $5,000 |
| Downtown 4 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Homes for Rent in this Neighborhood
There are currently 27 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 $760. 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 | $760 |
| New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
| Town Residences | S2 | Studio,1BA | $840 |
| City Place Detroit | Studio Apartment | Studio,1BA | $900 |
| The Amo | The Peterboro | Studio,1BA | $900 |
| 2072 Wabash St | 1/1 Furnished | 1BR,1BA | $975 |
| Briggs Houze | Studio | Studio,1BA | $975 |
| The Pavilion | Lafayette | Studio,1BA | $1,049 |
| The Corner | Studio (S) | Studio,1BA | $1,050 |
| Left Field | Studio | Studio,1BA | $1,050 |
Best Value Apartments for Rent in Downtown, MI
As of June 12, 2026 the best value apartment in the Downtown area is the $1.73 price per square foot C3PH - Penthouse Model at The Millie on Brush in the in the Necklace District neighborhood starting from $2,445. The second greatest value Downtown apartment is the 2 Bedroom, 1.5 Bathroom Model at The Kales Building starting at $1,933 with a $1.92 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 | $1.73 |
| The Kales Building | 2 Bedroom, 1.5 Bathroom | 2BR,1.5BA | $1.92 |
| 2016 Wabash St, Unit Upstairs | 2016 Wabash St | 2BR,1BA | $1.70 |
| Jean Rivard | The Quarter | 1BR,1BA | $1.27 |
| Millwood Place Apartments | One Bedroom Apartment | 1BR,1BA | $1.99 |
| 2072 Wabash St | 1/1 Furnished | 1BR,1BA | $1.63 |
| New Cadillac Square Apartments | One Bedroom / One Bathroom ($935) | 1BR,1BA | $1.56 |
| The Claridge Apartments | Penthouse Studio | Studio ,1BA | $1.98 |
| Briggs Houze | Studio | Studio ,1BA | $1.81 |
| Heather Hall | Studio 1 Bathroom | Studio ,1BA | $1.65 |
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 159 Apartments for Rent in Downtown, MI with pricing that ranges from $750 to $10,101. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,449 to $5,000.
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 $1,449 to $5,000 with an average monthly rent of $2,437.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.