Cheap Apartments for Rent in the Grace Neighborhood of Wayne, MI from $500 (8 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Grace area of Wayne.

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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Newberry Square Apartments
1 to 3 Bedroom Apartments

Newberry Square Apartments

35240 W Michigan AveWayne, MI 48184
Corporate Housing
  • Utilities Included

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Grace, Wayne, MI Local Guide

Cheapest Available Grace Apartments for Rent

 

The cheapest available apartment rental in the Grace area of Detroit, MI is a 1 Bed unit found at Wayne Tower Senior Apartments priced from $800. Westchester Towers has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Grace apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Wayne Tower Senior Apartments1 Bedroom1BR,1BA$800
Westchester TowersStudio 488Studio,1BA$875
Orchards of Newburgh ApartmentsThe Addison1BR,1BA$959

Best Value Apartments for Rent in Grace, MI

As of May 07, 2026 the best value apartment in the Grace area is the $1.30 price per square foot 2 Bed 2 Bath Model at Pinewoods Circle in the in the Merriman neighborhood starting from $1,300. The second greatest value Grace apartment is the 2 Bed / 1 Bath Model at Alexis Manor starting at $1,100 with a $1.11 price per square foot in the Merriman neighborhood. Here is today’s list of the best values for Grace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pinewoods Circle2 Bed 2 Bath2BR,2BA$1.30
Alexis Manor2 Bed / 1 Bath2BR,1BA$1.11
Canton Club Apartments - Canton, MITwo Bedroom Two Bath2BR,2BA$1.74
Meadowood Townhomes2 Bedroom Upgrade2BR,1BA$1.84
Parks at ConcordeSpacious 1-Bedroom Units Available Now!1BR,1BA$1.39
Orchards of Newburgh ApartmentsThe Addison1BR,1BA$1.30
Park Hill Apartments1 Bedroom1BR,1BA$1.41
Pointe West Apartments1 Bed Traditional1BR,1BA$1.66
Wayne Tower Senior Apartments1 Bedroom1BR,1BA$1.55
Westchester TowersStudio 488Studio ,1BA$1.79

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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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

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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Pet Friendly Lifestyle
Grace, Wayne, MI

Ranked #5

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Michigan and customized analysis for Detroit, Michigan. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Grace Apartments

What is the price of a cheap apartment in Grace?

The cheapest apartment in Grace is Wayne Tower Senior Apartments which is listed at $800, while the average apartment in Grace costs $1,669.

What types of apartments are the cheapest in Grace?

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 5 regular apartments in Grace that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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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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

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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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Articles, How-To's, and Tips

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

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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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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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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.