Cheap Apartments for Rent in the CBD Neighborhood of Detroit, MI from $700 (55 Rentals)

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Cheap Apartments in the CBD area of Detroit.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Check Out Detroit’s Best Affordable Neighborhoods

Learn about Detroit and the best places to live with original content written by our Local Expert Tim Brown

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Coat Factory Lofts
Studio Apartments

Coat Factory Lofts

1652 W Fort StDetroit, MI 48216
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Broderick Tower
Studio to 2 Bedroom Apartments

Broderick Tower

10 Witherell StDetroit, MI 48226
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Palms Apartments
2 Bedroom Apartments

Palms Apartments

1001 E Jefferson AveDetroit, MI 48207
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The Malcomson
1 to 3 Bedroom Apartments

The Malcomson

1215 Griswold StDetroit, MI 48226
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Security Trust Lofts
Studio to 2 Bedroom Apartments

Security Trust Lofts

735 Griswold StDetroit, MI 48226
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Showing Results 1-50, Page 1 of 2

CBD, Detroit, MI Local Guide

Cheapest Available CBD Apartments for Rent

 

The cheapest available apartment rental in the CBD area of Detroit, MI is a Studio unit found at New Cadillac Square Apartments priced from $795. Town Residences has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable CBD apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Town ResidencesS3Studio,1BA$800
Heather HallStudio 1 BathroomStudio,1BA$845
City Place DetroitStudio ApartmentStudio,1BA$900
Central ParkOne Bedroom1BR,1BA$995
Briggs HouzeStudioStudio,1BA$999
The Charlotte Apartments0BR/1.0BAStudio,1BA$1,000
The PavilionLafayetteStudio,1BA$1,013
James Scott Mansion - Peak Midtown DetroitThe Vanguard1BR,1BA$1,025
28GrandUnit BStudio,1BA$1,040

Best Value Apartments for Rent in CBD, MI

As of May 04, 2025 the best value apartment in the CBD area is the $1.47 price per square foot 2A Model at Broadway Lofts in the in the Necklace District neighborhood starting from $2,650. The second greatest value CBD apartment is the 1bed/ 1bath Model at The Claridge Apartments starting at $1,350 with a $1.36 price per square foot in the Necklace District neighborhood. Here is today’s list of the best values for CBD apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Broadway Lofts2A2BR,2BA$1.47
The Claridge Apartments1bed/ 1bath1BR,1BA$1.36
The Millie on BrushA3d - Deluxe1BR,1BA$1.83
Palms East1 Bedroom w/Loft1BR,1.5BA$1.60
Central ParkTwo Bedroom2BR,1BA$1.66
Lafayette Park Place - Detroit, MIOne Bedroom1BR,1BA$1.43
Lafayette TowersFisher1BR,1BA$1.48
Millwood Place ApartmentsOne Bedroom Apartment1BR,1BA$1.99
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Heather HallStudio 1 BathroomStudio ,1BA$1.84

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
Cbd, Detroit, MI

Ranked #8

Among neighborhoods in Detroit, MI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website is happy to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Detroit. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, transit availability, pet-friendly communities, family-friendly amenities, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap CBD Apartments

What is a cheap apartment in CBD?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in CBD is under $1,040.

What is the price of a cheap apartment in CBD?

The cheapest apartment in CBD is New Cadillac Square Apartments which is listed at $935, while the average apartment in CBD costs $3,335.

What types of apartments are the cheapest in CBD?

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

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.