Cheap Homes for Rent in the Downtown Neighborhood of Detroit, MI from $1,600 (35 Rentals)

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

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.

property at 150 Park St W
$1,662 - $1,663
1 Bedroom Rentals
Available Now

150 Park St W

WindsorONN9A 4M6

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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 $750. Here are the most affordable Downtown apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Henry Street ApartmentsStudioStudio,1BA$660
Heather HallStudio 1 BathroomStudio,1BA$750
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Wabash FlatsStudioStudio,1BA$855
The AmoThe PeterboroStudio,1BA$900
City Place DetroitStudio ApartmentStudio,1BA$900
The Hive on RussellStudio, 1 bathStudio,1BA$905
The PavilionLafayetteStudio,1BA$929
The CharlotteStudio 1 BathStudio,1BA$1,015
Corktown Ash ApartmentsStandard1BR,1BA$1,049

Best Value Apartments for Rent in Downtown, MI

As of September 10, 2026 the best value apartment in the Downtown area is the $2.03 price per square foot Diamond Jefferson Model at The Pavilion in the in the Necklace District neighborhood starting from $2,309. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The PavilionDiamond Jefferson2BR,1BA$2.03
2016 Wabash St, Unit Upstairs2016 Wabash St2BR,1BA$1.70
Henry Street ApartmentsOne Bedroom1BR,1BA$1.23
The Millie on BrushAd - Deluxe1BR,1BA$1.66
Millwood Place ApartmentsOne Bedroom Apartment1BR,1BA$1.99
Corktown Ash ApartmentsStandard2BR,1BA$1.87
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
City Place DetroitRenovated StudioStudio ,1BA$2.08
Heather HallStudio 1 BathroomStudio ,1BA$1.63
Wabash FlatsStudioStudio ,1BA$1.90

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 $660 to $9,311. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,600 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 $1,600 to $4,250 with an average monthly rent of $2,204.

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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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.

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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.

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Articles, How-To's, and Tips

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