
Cheap Homes for Rent in Downtown Neighborhood of Detroit, MI from $1,400 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Detroit.


150 Park St W

150 Park St W

3716 Lincoln St, Unit 5

135 Oak 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.

310 Gratiot Ave

310 Gratiot Ave

310 Gratiot Ave

150 Park St W

114 Elm Ave
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.

1410 Gratiot Ave
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 | $2,478 | $1,695 | $5,000 |
| Downtown 3 Bedroom Homes for Rent | $4,883 | $2,800 | $7,000 |
Browse Homes for Rent in this Neighborhood
There are currently 11 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 |
| City Place Detroit | Studio Apartment | Studio,1BA | $900 |
| Town Residences | S8 | Studio,1BA | $935 |
| Briggs Houze | Studio | Studio,1BA | $999 |
Best Value Apartments for Rent in Downtown, MI
As of January 24, 2026 the best value apartment in the Downtown area is the $1.71 price per square foot 1408-Branch Lofts - 2 Bed Renovated Model at Branch Lofts in the in the Necklace District neighborhood starting from $2,049. The second greatest value Downtown apartment is the 743 Beaubien St Model at 743 Beaubien St, Unit 303 starting at $1,545 with a $1.40 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. |
|---|---|---|---|
| Branch Lofts | 1408-Branch Lofts - 2 Bed Renovated | 2BR,1BA | $1.71 |
| 743 Beaubien St, Unit 303 | 743 Beaubien St | 1BR,1BA | $1.40 |
| The Claridge Apartments | 1bed/ 1bath | 1BR,1BA | $1.36 |
| Fyfe Apartments | B1 (Two Bedroom / One Bathroom) | 2BR,1BA | $1.93 |
| Jean Rivard | The Ottowa | 1BR,1BA | $1.42 |
| The Millie on Brush | Ad - Deluxe | 1BR,1BA | $1.88 |
| Welcome to the Addison-Historic Charm Meets Modern Living in Midtown Detroit | The Wilby-1 Bed with Office | 1BR,1BA | $1.97 |
| Millwood Place Apartments | One Bedroom Apartment | 1BR,1BA | $1.99 |
| 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 161 Apartments for Rent in Downtown, MI with pricing that ranges from $795 to $23,700. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,499 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 $1,499 to $7,000 with an average monthly rent of $2,701.
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.
Articles, How-To's, and Tips

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.