Cheap Homes for Rent in Detroit, MI from $500 (411 Rentals)

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Search the lowest-cost Homes available for rent right now in 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.

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property at 15608 Wabash St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Now

15608 Wabash St

DetroitMI48238

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.

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property at 2201 Sonoma St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

1 Bedroom, 1 Bath Home for Rent

Available Now

2201 Sonoma St

FerndaleMI48220

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.

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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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Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Explore the best residential neighborhoods and apartment options near major employers like GM, Ford, Stellantis, Rocket Companies, and Corewell Health. Find your perfect Motor City home.

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Detroit, MI Local Guide

Cheapest Neighborhoods for Apartments in Detroit, MI

Pricing Updated: 05/10/2026

Current apartment rentals in the Detroit, MI area range in price from $300 to $12,218 with an overall median price of $2,390. The three Detroit neighborhoods with the lowest median rent pricing are Aviation Subdivision at $899, Barton at $605, and North Rosedale Park at $655. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Detroit Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Aviation Subdivision$950$8995
Barton$975$60511
North Rosedale Park$984$65512
Rosedale$984$65025
Rosedale Park$984$65517
Pershing$1,020$71111
Westwood Park$1,020$65030
Brightmoor$1,045$65021
Fort Superhighway$1,060$85010
Boynton$1,070$67515

Cheapest Available Detroit Apartments for Rent

 

The cheapest available apartment rental in Detroit, MI is a 1 Bed unit found at Friendship Meadows LDHA in the Downtown Detroit neighborhood priced from $445. New Center Commons in the Art Center neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $585. Here is today’s list of the most affordable Detroit apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Friendship Meadows LDHA1 Bedroom1BR,1BA$445
New Center CommonsStudioStudio,1BA$585
2023 Tuxedo StStudioStudio,1BA$595
120 Glynn Ct.StudioStudio,1BA$595
12775 Plymouth RdStudioStudio,1BA$605
The Woodford ApartmentsStudio w/ KitchenetteStudio,1BA$625
Scovel Apartments0BR/1.0BAStudio,1BA$650
Parkside ApartmentsStudio, 1 bathStudio,1BA$650
Hazelwood ManorStudioStudio,1BA$650
Dearborn Town Center SeniorOne Bedroom Apartment1BR,1BA$655

Best Value Apartments for Rent in Detroit, MI

As of May 10, 2026 the best value apartment in the Detroit area is the $0.81 price per square foot 9421 Joseph Campau St Model at 9421 Joseph Campau St, Unit 9421-2 in the in the Midtown Detroit neighborhood starting from $2,750. The second greatest value Detroit apartment is the 9450 Joseph Campau St Model at 9450 Joseph Campau St, Unit 9450-2 starting at $2,500 with a $0.81 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.
9421 Joseph Campau St, Unit 9421-29421 Joseph Campau St1BR,1BA$0.81
9450 Joseph Campau St, Unit 9450-29450 Joseph Campau St1BR,1.5BA$0.81
1639 Gladstone St, Unit Gladstone Property1639 Gladstone St3BR,1BA$0.63
9644 Joseph Campau St, Unit 2W9644 Joseph Campau St1BR,1BA$0.75
330 Westminster Stsingle famiy home3BR,1BA$0.91
The OxleyGarden 2 Bedroom2BR,2BA$0.91
15849 Indiana St, Unit Upper unit15849 Indiana St2BR,1BA$0.62
664 Gladstone Ave, Unit 664 Gladstone Ave664 Gladstone Ave1BR,1BA$0.63
Highland ManorTwo Bedroom2BR,2BA$0.87
Chicago TownhomesChicago Townhomes - 209212BR,1BA$0.95

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.

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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

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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.

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Quick Rent Budget Calculator

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Detroit, MI Rentals by Map

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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 2642 Apartments for Rent in Detroit, MI with pricing that ranges from $445 to $12,218. There are also 965 Single Family Homes for rent, Condos, and Townhome rentals currently available in Detroit ranging from $525 to $15,500.

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 $525 to $15,500 with an average monthly rent of $2,172.

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 $885 to $6,649, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $6,500. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $805.

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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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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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.

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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.

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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

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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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.