Cheap Homes for Rent in Necklace District Detroit, MI from $1,200 (16 Rentals)

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

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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Necklace District, Detroit, MI Local Guide

Cheapest Available Necklace District Apartments for Rent

 

The cheapest available apartment rental in the Necklace District area of Detroit, MI is a Studio unit found at New Cadillac Square Apartments priced from $795. Lafayette Towers has the second lowest priced unit, which is a Studio apartment currently listed from $824. Here are the most affordable Necklace District apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Lafayette TowersHartStudio,1BA$824
CBD Detroit ApartmentsStudio Affordable Program Nn-AFFStudio,1BA$825
Heather HallStudio 1 BathroomStudio,1BA$835
The Rochelle aka Fourth WillisStudio AptStudio,1BA$850

Best Value Apartments for Rent in Necklace District, MI

As of July 29, 2025 the best value apartment in the Necklace District area is the $1.50 price per square foot 1412-Branch Lofts - 2Bed - 1Bath Model at Branch Lofts in the in the Necklace District neighborhood starting from $1,795. The second greatest value Necklace District apartment is the 743 Beaubien St Model at 743 Beaubien St, Unit 303 starting at $1,485 with a $1.35 price per square foot in the Necklace District neighborhood. Here is today’s list of the best values for Necklace District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Branch Lofts1412-Branch Lofts - 2Bed - 1Bath2BR,1BA$1.50
743 Beaubien St, Unit 303743 Beaubien St1BR,1BA$1.35
The Claridge Apartments1bed/ 1bath1BR,1BA$1.36
Lafayette Park Place - Detroit, MIOne Bedroom1BR,1BA$1.47
Palms EastBalcony1BR,1BA$1.69
The CommodoreFurnished 1 Bdrm Apt.1BR,1BA$1.52
Devenir District- 711 W Alexandrine1 Bed, 1 bath1BR,1BA$1.60
Central ParkOne Bedroom1BR,1BA$1.53
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
The Rochelle aka Fourth Willis1 Bedroom Apt1BR,1BA$1.73

Quick Rent Budget Calculator

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Frequently Asked Questions about Necklace District

What type of rentals are currently available in Necklace District?

There are currently 209 Apartments for Rent in Necklace District, MI with pricing that ranges from $750 to $8,860. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Necklace District ranging from $1,200 to $3,700.

What is the current price range for Rental Homes in Necklace District?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Necklace District ranges from $1,200 to $3,700 with an average monthly rent of $2,648.

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.

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

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.