Cheap Homes for Rent in Detroit, MI from $500 (493 Rentals)

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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.

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Check Out Detroit’s Best Affordable Neighborhoods

Learn about Detroit and the best places to live with original content written by our Local Expert Tim Brown

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Detroit, MI Local Guide

Cheapest Neighborhoods for Apartments in Detroit, MI

Pricing Updated: 06/23/2025

Current apartment rentals in the Detroit, MI area range in price from $410 to $13,000 with an overall median price of $2,537. The three Detroit neighborhoods with the lowest median rent pricing are Westwood Park at $695, West Side at $550, and Belmont at $600. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Detroit Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Westwood Park$845$6954
West Side$885$5503
Belmont$997$60012
Cerveny$1,000$72512
Petosky-Otsego$1,050$59515
Tireman$1,050$9007
Mack$1,100$8254
Springwells$1,100$7305
Franklin Boulevard$1,109$5507
Russell Woods$1,135$65018

Cheapest Available Detroit Apartments for Rent

 

The cheapest available apartment rental in Detroit, MI is a 1 Bed unit found at Manchester Place Apartments in the University District neighborhood priced from $410. 55+ Friendship Meadows (Senior Housing) in the Downtown Detroit neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $479. Here is today’s list of the most affordable Detroit apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Manchester Place Apartments1x11BR,1BA$410
55+ Friendship Meadows (Senior Housing)1x11BR,1BA$479
New Center CommonsStudioStudio,1BA$585
2023 Tuxedo StStudio1BR,1BA$595
Dearborn Town Center SeniorOne Bedroom Apartment1BR,1BA$621
Top of the Drive ApartmentsStudioStudio,1BA$625
Holbrook ApartmentsStudio 1 Bathroom - 329 HolbrookStudio,1BA$640
Bedford ApartmentsStudioStudio,1BA$645
Brookhaven Apartments11BR,1BA$650
Morang Avenue Apartments11BR,1BA$650

Best Value Apartments for Rent in Detroit, MI

As of June 24, 2025 the best value apartment in the Detroit area is the $0.68 price per square foot 86 Englewood St Model at 86 Englewood St, Unit 92 in the in the Midtown Detroit neighborhood starting from $1,975. The second greatest value Detroit apartment is the 9638 Joseph Campau St Model at 9638 Joseph Campau St, Unit 9638 2W starting at $1,750 with a $0.83 price per square foot in the Downtown Hamtramck neighborhood. Here is today’s list of the best values for Detroit apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
86 Englewood St, Unit 9286 Englewood St4BR,1BA$0.68
9638 Joseph Campau St, Unit 9638 2W9638 Joseph Campau St1BR,1BA$0.83
5287 Spokane St5287 Spokane St3BR,1BA$0.86
Northend Village2 Bedroom 1 Bath2BR,1BA$0.75
Jennings Senior LivingModel2A2BR,1BA$0.88
2973 Harding St, Unit 29772973 Harding St2BR,1BA$0.78
2215 Lansing St2-Bedroom2BR,1BA$0.83
Santa Rosa1 Bed, 1 bath1BR,1BA$0.89
E Outer Drive Apartments1BR/1.0BA1BR,1BA$0.88
Manchester Place Apartments1x11BR,1BA$0.63

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.

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Detroit, MI Area Reviews

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Frequently Asked Questions about Detroit

What type of rentals are currently available in Detroit?

There are currently 2623 Apartments for Rent in Detroit, MI with pricing that ranges from $410 to $8,589. There are also 1025 Single Family Homes for rent, Condos, and Townhome rentals currently available in Detroit ranging from $500 to $5,000.

What is the current price range for Rental Homes in Detroit?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Detroit ranges from $500 to $5,000 with an average monthly rent of $1,615.

How much are larger Three and Four Bedroom Rentals in Detroit?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Detroit range from $525 to $8,589, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $790.

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.

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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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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.

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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.

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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.