1515 Cherboneau Pl
DetroitMI48207
Cheap Homes for Rent in the Downtown Neighborhood of Detroit, MI from $1,400 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Detroit.
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$1,4102 Bedroom Apartments Available Now
2638 Rosa Parks Blvd, Unit 6
2638 Rosa Parks BlvdDetroit, MI 48216
111 Riverside Dr E, Unit 1607
111 Riverside Dr E
WindsorONN9A 2S6
150 Park St W, Unit 1111
150 Park St W
WindsorONN9A 4M6
150 Park St W, Unit 2706
150 Park St W
WindsorONN9A 4M6
150 Park St W, Unit 1505
150 Park St W
WindsorONN9A 7A2
405 Pelissier St, Unit A
405 Pelissier St
WindsorONN9A 5T3
Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide
Looking for an apartment near Detroit? Our local expert guides you through 12 of Metro Detroit's best communities across four distinct corridors to help you find the perfect fit.
150 Park St W, Unit 1806
150 Park St W
WindsorONN9A 4M6
150 Park St W
WindsorONN9A 4M6
150 Park St W, Unit 1707
150 Park St W
WindsorONN9A 4M6
135 Oak Ave
WindsorONN9A 5E5
150 Park St W, Unit 2208
150 Park St W
WindsorONN9A 4M6
111 Riverside Dr E, Unit 107
111 Riverside Dr E
WindsorONN9A 2S6
150 Park St W, Unit 2514
150 Park St W
WindsorONN9A 4M6
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-14, 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 | $2,309 | $1,500 | $4,250 |
| Downtown 3 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
Browse Homes for Rent in this Neighborhood
There are currently 14 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 Henry Street Apartments priced from $660. Heather Hall has the second lowest priced unit, which is a Studio apartment currently listed from $780. Here are the most affordable Downtown apartments for rent in Detroit, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Henry Street Apartments | Studio | Studio,1BA | $660 |
| Heather Hall | Studio 1 Bathroom | Studio,1BA | $780 |
| New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
| The Amo | The Clifford | Studio,1BA | $850 |
| Town Residences | S10 | Studio,1BA | $935 |
Best Value Apartments for Rent in Downtown, MI
As of July 27, 2026 the best value apartment in the Downtown area is the $2.08 price per square foot Diamond Jefferson Model at The Pavilion in the in the Necklace District neighborhood starting from $2,368. The second greatest value Downtown apartment is the 2 Bedroom 2 Bath Model at Philip Houze starting at $2,100 with a $2.06 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 Pavilion | Diamond Jefferson | 2BR,1BA | $2.08 |
| Philip Houze | 2 Bedroom 2 Bath | 2BR,2BA | $2.06 |
| The Millie on Brush | A2p - Premium | 1BR,1BA | $2.05 |
| Henry Street Apartments | One Bedroom | 1BR,1BA | $1.23 |
| Millwood Place Apartments | One Bedroom Apartment | 1BR,1BA | $1.99 |
| University Ave Apartments Windsor | One Bedroom Apartment | 1BR,1BA | $2.11 |
| New Cadillac Square Apartments | One Bedroom / One Bathroom ($935) | 1BR,1BA | $1.56 |
| City Place Detroit | Renovated Studio | Studio ,1BA | $2.08 |
| Heather Hall | Studio 1 Bathroom | Studio ,1BA | $1.70 |
| Town Residences | S10 | Studio ,1BA | $2.08 |
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 $660 to $10,037. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,500 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 $1,500 to $5,000 with an average monthly rent of $2,771.
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
Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Metro Detroit. As covered in other articles, the City of Detroit has much to offer to renters.
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.
The Detroit Insider's 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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.