493 University Ave W
WindsorONN9A 5P9
Cheap Homes for Rent in Downtown Neighborhood of Detroit, MI from $1,300 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Detroit.
493 University Ave W
WindsorONN9A 5P9
1515 Cherboneau Pl
DetroitMI48207
380 Pelissier St
WindsorONN9A 6W8
380 Pelissier St
WindsorONN9A 6W8
3716 Lincoln St, Unit 5, Unit 5
3716 Lincoln St
DetroitMI48208
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.
135 Oak Ave
WindsorONN9A 5E5
135 Oak St
WindsorONN9A 5E5
111 Riverside Dr E
WindsorONN9A 2S6
111 Riverside Dr E
WindsorONN9A 2S6
150 Park St W
WindsorONN9A 7A2
150 Park St W
WindsorONN9A 7A2
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
WindsorONN9A 7A2
150 Park St W
WindsorONN9A 7A2
150 Park St W
WindsorONN9A 7A2
150 Park St W
WindsorONN9A 7A2
111 Riverside Dr E
WindsorONN9A 2S6
111 Riverside Dr E
WindsorONN9A 2S6
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.
1001 W Jefferson Ave
DetroitMI48226
Showing Results 1-19, Page 1 of 1
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 | $2,554 | $1,500 | $4,250 |
| Downtown 3 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
| Downtown 4 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Detroit, MI.
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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 $705. 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 | $705 |
| New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
| Town Residences | S3 | Studio,1BA | $840 |
| City Place Detroit | Studio Apartment | Studio,1BA | $900 |
| The Charlotte | Studio 1 Bath | Studio,1BA | $975 |
Best Value Apartments for Rent in Downtown, MI
As of April 27, 2026 the best value apartment in the Downtown area is the $1.40 price per square foot 743 Beaubien St Model at 743 Beaubien St, Unit 303 in the in the Necklace District neighborhood starting from $1,545. The second greatest value Downtown apartment is the 2016 Wabash St Model at 2016 Wabash St, Unit Upstairs starting at $1,550 with a $1.70 price per square foot in the Downtown Detroit 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. |
|---|---|---|---|
| 743 Beaubien St, Unit 303 | 743 Beaubien St | 1BR,1BA | $1.40 |
| 2016 Wabash St, Unit Upstairs | 2016 Wabash St | 2BR,1BA | $1.70 |
| 2014 Wabash St, Unit 1 | 2014 Wabash St | 2BR,1BA | $1.72 |
| Jean Rivard | The Quarter | 1BR,1BA | $1.27 |
| The Millie on Brush | Ad - Deluxe | 1BR,1BA | $1.81 |
| Millwood Place Apartments | One Bedroom Apartment | 1BR,1BA | $1.99 |
| The James Scott Mansion | The Maverick | 1BR,1BA | $1.92 |
| New Cadillac Square Apartments | One Bedroom / One Bathroom ($935) | 1BR,1BA | $1.56 |
| Philip Houze | Studio | Studio ,1BA | $2.04 |
| Heather Hall | Studio 1 Bathroom | Studio ,1BA | $1.53 |
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 $795 to $11,673. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,395 to $4,250.
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 $1,395 to $4,250 with an average monthly rent of $2,463.
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
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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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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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.