Cheap Apartments for Rent in the Eastern Market Neighborhood of Detroit, MI from $700 (33 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Eastern Market area of Detroit.

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.

Read Article
close
View Me
28Grand
$1,070 - $1,390
Total Monthly Price

Total Monthly Price

Base Rent
$1,070 - $1,390
Total Monthly Price
$1,070 - $1,390
Studio Apartments Contact Us For Availability

28Grand

28 W Grand River AveDetroit, MI 48226
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article

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.

Read Article
Showing Results 1-33, Page 1 of 1

Eastern Market, Detroit, MI Local Guide

Cheapest Available Eastern Market Apartments for Rent

 

The cheapest available apartment rental in the Eastern Market area of Detroit, MI is a Studio unit found at Alden Towers priced from $715. New Cadillac Square Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Eastern Market apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Alden TowersStudioStudio,1BA$715
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Regency TowerStudio BStudio,1BA$799
Town ResidencesS6Studio,1BA$840
The PalmsStudio A3Studio,1BA$895
The BarlumStudioStudio,1BA$899
City Place DetroitStudio ApartmentStudio,1BA$900
Briggs HouzeStudioStudio,1BA$975
Beach Club DetroitStudioStudio,1BA$999
Brush WatsonStudioStudio,1BA$1,008

Best Value Apartments for Rent in Eastern Market, MI

As of June 06, 2026 the best value apartment in the Eastern Market area is the $2.12 price per square foot The Crest Model at Elliott Building R in the in the Necklace District neighborhood starting from $3,650. The second greatest value Eastern Market apartment is the Rooftop - 3/2 Model at River Place starting at $1,950 with a $1.56 price per square foot in the Downtown Detroit neighborhood. Here is today’s list of the best values for Eastern Market apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Elliott Building RThe Crest2BR,2.5BA$2.12
River PlaceRooftop - 3/23BR,2BA$1.56
The Millie on BrushCPH - Penthouse2BR,2BA$1.74
E & B Brewery LoftsStudioStudio ,1BA$1.10
DuCharme Place ApartmentsC22BR,2BA$2.02
The Kales Building1 Bedroom, 1 Bathroom1BR,1BA$1.85
Beach Club DetroitStudioStudio ,1BA$1.52
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Briggs HouzeStudioStudio ,1BA$1.81
City Place DetroitRenovated StudioStudio ,1BA$2.08

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Detroit area for Off-Campus Student Housing. Find your perfect Detroit Student apartment, condo, or rental home today at ApartmentHomeliving.com

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

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

Pet Friendly Lifestyle
Eastern Market, Detroit, MI

Ranked #12

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Eastern Market Apartments

What is a cheap apartment in Eastern Market?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Eastern Market is under $1,008.

What is the price of a cheap apartment in Eastern Market?

The cheapest apartment in Eastern Market is New Cadillac Square Apartments which is listed at $935, while the average apartment in Eastern Market costs $2,800.

What types of apartments are the cheapest in Eastern Market?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 43 regular apartments in Eastern Market that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Eastern Market?

Cheap apartments in Eastern Market have an average cost of $410 which is $2,390 cheaper than the average rent for all rentals in Eastern Market.

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

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 The Best Detroit Area Neighborhoods for Off-Campus Housing Renters article

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.

decorative image for The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown article

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.

decorative image for Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers article

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.

Articles, How-To's, and Tips

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.