Cheap Homes for Rent in Downtown Neighborhood of Detroit, MI from $1,300 (12 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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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
Fyfe ApartmentsS2 CLStudio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900
28GrandUnit BStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Millie on BrushC3PH - Penthouse2BR,2BA$1.76
Branch Lofts1408-Branch Lofts - 2 Bed Renovated2BR,1BA$1.66
The Kales Building1 Bedroom, 1 Bathroom1BR,1BA$1.52
743 Beaubien St, Unit 303743 Beaubien St1BR,1BA$1.40
The Claridge Apartments1bed/ 1bath1BR,1BA$1.36
2016 Wabash St, Unit Upstairs2016 Wabash St2BR,1BA$1.62
2014 Wabash St, Unit 12014 Wabash St2BR,1BA$1.72
Jean RivardThe Ottowa1BR,1BA$1.33
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Heather HallStudio 1 BathroomStudio ,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

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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 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.

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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.

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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

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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.

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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.

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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.

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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.