
Cheap Homes for Rent in Wayne, MI from $700 (3 Rentals)
Search the lowest-cost Homes available for rent right now in 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.

5672 Howe Rd
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.

39500 Warren Rd
Wayne, MI Local Guide

How much does it cost to rent a home in Wayne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wayne 2 Bedroom Homes for Rent | $1,368 | $850 | $2,050 |
| Wayne 3 Bedroom Homes for Rent | $1,894 | $1,300 | $3,500 |
| Wayne 4 Bedroom Homes for Rent | $2,550 | $1,150 | $3,550 |
Browse Top Homes for Rent in Wayne
Explore Wayne
Wayne, MI Local Guide
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Best Value Apartments for Rent in Wayne, MI
As of June 12, 2026 the best value apartment in the Wayne area is the $1.20 price per square foot The Berkley Model at Orchards of Newburgh Apartments in the in the Merriman neighborhood starting from $1,199. The second greatest value Wayne apartment is the 2 Bedroom Model at The Edison Estates starting at $1,300 with a $1.30 price per square foot in the Merriman neighborhood. Here is today’s list of the best values for Wayne apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Orchards of Newburgh Apartments | The Berkley | 2BR,1.5BA | $1.20 |
| The Edison Estates | 2 Bedroom | 2BR,1.5BA | $1.30 |
| Pinewoods Circle | 2 Bed 2 Bath | 2BR,2BA | $1.30 |
| Alexis Manor | 2 Bed / 1 Bath | 2BR,1BA | $1.11 |
| Midtown Square Apartments | Two Bedroom | 2BR,1BA | $1.25 |
| Parks at Concorde | Sequoia - Partial Upgrade | 2BR,1BA | $1.38 |
| Wade Manor | Herbert | 1BR,1BA | $1.23 |
| The Flats Parkview | 2 Beds, 1 bath | 2BR,1BA | $1.13 |
| 35440 Brush St | 1 Beds, 1 Baths | 1BR,1BA | $1.04 |
| Wayne Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1.16 |
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.
Read ArticleThe 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
Read ArticleReal 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.
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.
Best Local Schools in Wayne, MI
Wayne Memorial High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Wayne, MI Rentals by Map
See the most popular apartments and homes in Wayne, MI
Frequently Asked Questions about Wayne
What type of rentals are currently available in Wayne?
There are currently 111 Apartments for Rent in Wayne, MI with pricing that ranges from $800 to $3,115. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wayne ranging from $750 to $3,550.
What is the current price range for Rental Homes in Wayne?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wayne ranges from $750 to $3,550 with an average monthly rent of $1,640.
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 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.

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.

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.

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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.