Cheap Apartments for Rent in the Eastern Market Neighborhood of Detroit, MI from $700 (35 Rentals)

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

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Showing Results 1-35, 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 $700. 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$700
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
BrainardOne Bedroom1BR,1BA$799
PalmsStudio A8Studio,1BA$895
Town ResidencesS8Studio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900
eXchange ApartmentsS2af (Affordable Housing)Studio,1BA$995
The BarlumStudioStudio,1BA$995
Beach Club DetroitStudioStudio,1BA$999
Briggs HouzeStudioStudio,1BA$999

Best Value Apartments for Rent in Eastern Market, MI

As of November 14, 2025 the best value apartment in the Eastern Market area is the $1.68 price per square foot Rooftop - 3/2 Model at River Place in the in the Downtown Detroit neighborhood starting from $2,100. The second greatest value Eastern Market apartment is the 2 Bed 2 Bath "D" Model at The Griswold starting at $2,375 with a $2.16 price per square foot in the Necklace District 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.
River PlaceRooftop - 3/23BR,2BA$1.68
The Griswold2 Bed 2 Bath "D"2BR,2BA$2.16
Trumbull Terrace2 Bedroom2BR,1BA$1.67
The Millie on BrushAd - Deluxe1BR,1BA$1.80
Beach Club DetroitStudioStudio ,1BA$1.52
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Riverfront TowersThe Gratiot1BR,1BA$2.13
BrainardOne Bedroom1BR,1BA$1.51
City Place DetroitRenovated StudioStudio ,1BA$2.08
Town ResidencesS14Studio ,1BA$2.09

Apartment Common Area Rules: What Renters Need to Know

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

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The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

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Pet Friendly Lifestyle
Eastern Market, Detroit, MI

Ranked #18

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Eastern Market Neighborhood in Detroit, MI

Walk Score®

82 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

70 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

54 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $999.

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

The cheapest apartment in Eastern Market is Brainard which is listed at $799, while the average apartment in Eastern Market costs $2,197.

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 98 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 $283 which is $1,914 cheaper than the average rent for all rentals in Eastern Market.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.