Cheap Homes for Rent in Downtown Neighborhood of Detroit, MI from $1,400 (23 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in the Downtown area of Detroit.

Showing Results 1-23, Page 1 of 1

Downtown, Detroit, MI Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Detroit, MI is a Studio unit found at New Cadillac Square Apartments priced from $795. Heather Hall has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here are the most affordable Downtown apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Heather HallStudio 1 BathroomStudio,1BA$835
Town ResidencesS8Studio,1BA$895
Fyfe ApartmentsS2 (Studio / One Bathroom Classic)Studio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900

Best Value Apartments for Rent in Downtown, MI

As of July 28, 2025 the best value apartment in the Downtown area is the $1.50 price per square foot 1412-Branch Lofts - 2Bed - 1Bath Model at Branch Lofts in the in the Necklace District neighborhood starting from $1,795. The second greatest value Downtown apartment is the 743 Beaubien St Model at 743 Beaubien St, Unit 303 starting at $1,485 with a $1.35 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.
Branch Lofts1412-Branch Lofts - 2Bed - 1Bath2BR,1BA$1.50
743 Beaubien St, Unit 303743 Beaubien St1BR,1BA$1.35
The Millie on BrushBp - Premium2BR,1BA$1.75
The Claridge Apartments1bed/ 1bath1BR,1BA$1.36
eXchange ApartmentsA4af (Affordable Housing)1BR,1BA$1.75
Philip Houze1 Bedroom1BR,1BA$1.96
The PavilionPremier Nicolet1BR,1BA$2.07
Briggs HouzeOne Bedroom, One and Half Bath1BR,1.5BA$1.94
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Heather HallStudio 1 BathroomStudio ,1BA$1.82

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 158 Apartments for Rent in Downtown, MI with pricing that ranges from $750 to $8,860. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,450 to $4,500.

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 $1,450 to $4,500 with an average monthly rent of $2,847.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.