
Cheap Homes for Rent in Detroit Neighborhood of Lakewood, OH from $1,200 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Detroit area of Lakewood.


1533 Warren Rd, Unit Down, Unit Down
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.

1655 Waterbury Rd, Unit 2nd flr

1303 Lakeland Ave
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.
Detroit, Lakewood, OH Local Guide

How much does it cost to rent a home in Detroit?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Detroit 2 Bedroom Homes for Rent | $1,250 | $1,250 | $1,250 |
| Detroit 3 Bedroom Homes for Rent | $1,873 | $1,795 | $1,975 |
| Detroit 4 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 1 mile radius of the Detroit Neighborhood of Lakewood, OH.
Explore Lakewood
Detroit, Lakewood, OH Local Guide
- Nearby Lakewood neighborhoods
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Best Value Apartments for Rent in Detroit, OH
As of April 24, 2026 the best value apartment in the Detroit area is the $1.29 price per square foot 2085 Chesterland Ave Model at 2085 Chesterland Ave in the in the Downtown Lakewood neighborhood starting from $1,675. The second greatest value Detroit apartment is the 1 Bedroom Model at Arbor Apartments starting at $1,100 with a $1.00 price per square foot in the Downtown Lakewood neighborhood. Here is today’s list of the best values for Detroit apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2085 Chesterland Ave | 2085 Chesterland Ave | 3BR,1BA | $1.29 |
| Arbor Apartments | 1 Bedroom | 1BR,1BA | $1.00 |
| 1646 Waterbury Rd | 1646 Waterbury Rd | 2BR,1BA | $1.52 |
| 2041 Elbur Ave, Unit Elbur Down | 2041 Elbur Ave | 2BR,1BA | $1.28 |
| Lakewood Premier Apartments | 13386 Madison #6 and#5 | 1BR,1BA | $1.07 |
| Parkway Arms Apartment | 2 bed / 1 bath | 2BR,1BA | $1.32 |
| 2015 Arthur Ave, Unit 11 | 2015 Arthur Ave | 1BR,1BA | $1.17 |
| 13322 Madison Ave | 1 Bed 1 Bath | 1BR,1BA | $1.50 |
| Clifton Towers | 1 Bedroom 1 Bath | 1BR,1BA | $1.53 |
| 2275 Warren Rd | 1 Bed/1 Bath | 1BR,1BA | $1.50 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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 ArticleQuick 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.
Pet Friendly LifestyleDetroit, Lakewood, OH
Ranked #10
Among cities in Ohio for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Detroit, Lakewood, OH
School data provided by Great Schools
Frequently Asked Questions about Detroit
What type of rentals are currently available in Detroit?
There are currently 128 Apartments for Rent in Detroit, OH with pricing that ranges from $800 to $6,220. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Detroit ranging from $1,250 to $2,800.
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 $1,250 to $2,800 with an average monthly rent of $1,974.
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 $1,395 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $1,975. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $1,650.
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

A Cleveland Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent
Written by: Sandy Baker
Choosing the ideal place to call home in Cleveland may mean selecting a neighborhood that offers excellent access to the freeways or good overall schools for the kids.

Experts Guide to The Top Neighborhoods to Rent Near Major Colleges and Universities in Cleveland
Written by: Sandy Baker
Whether you're moving to Cleveland to be close to one of the research hubs several of the local universities are known for or you just want to be part of it all in "The Land" knowing where to rent apartments close to the biggest .

Your Official Guide to the Top Neighborhoods to Rent Near Major Employers in Cleveland
Written by: Sandy Baker
If you’re moving to start a new job, knowing where to live can be overwhelming. Factors like being close to work are important, but so are schools, quality of life, and easy access to transportation.

Cleveland Rocks: Your Essential Guide to the Lands Neighborhoods and Culture
Written by: Sandy Baker
Cleveland is the type of city to fall in love with, even if it doesn’t look all that fabulous from the outside.
Articles, How-To's, and Tips

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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.