1565 Cherboneau Pl
DetroitMI48207
Cheap Homes for Rent in CBD Neighborhood of Detroit, MI from $1,200 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the CBD area of Detroit.
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.
1450 6th St, Unit B
1450 6th St
DetroitMI48226
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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C$1,7002 Bedroom Apartments Available Now
747 Chatham St E
747 Chatham St EWindsor, ON N9A 2X6
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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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CBD, Detroit, MI Local Guide
How much does it cost to rent a home in CBD?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| CBD 2 Bedroom Homes for Rent | $2,606 | $1,650 | $3,650 |
| CBD 3 Bedroom Homes for Rent | $2,050 | $2,050 | $2,050 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 1 mile radius of the CBD Neighborhood of Detroit, MI.
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CBD, Detroit, MI Local Guide
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Best Value Apartments for Rent in CBD, MI
As of May 12, 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 743 Beaubien St Model at 743 Beaubien St, Unit 303 starting at $1,495 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Broadway Lofts | 2A | 2BR,2BA | $1.47 |
| 743 Beaubien St, Unit 303 | 743 Beaubien St | Studio ,1BA | $1.36 |
| The Claridge Apartments | 1bed/ 1bath | 1BR,1BA | $1.36 |
| The Millie on Brush | A3d - Deluxe | 1BR,1BA | $1.83 |
| Palms East | 1 Bedroom w/Loft | 1BR,1.5BA | $1.60 |
| Central Park | Two Bedroom | 2BR,1BA | $1.66 |
| Lafayette Park Place - Detroit, MI | One Bedroom | 1BR,1BA | $1.43 |
| Lafayette Towers | Fisher | 1BR,1BA | $1.48 |
| New Cadillac Square Apartments | One Bedroom / One Bathroom ($935) | 1BR,1BA | $1.56 |
| Heather Hall | Studio 1 Bathroom | Studio ,1BA | $1.84 |
Quick Rent Budget Calculator
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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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Frequently Asked Questions about CBD
What type of rentals are currently available in CBD?
There are currently 167 Apartments for Rent in CBD, MI with pricing that ranges from $750 to $8,290. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in CBD ranging from $1,200 to $3,650.
What is the current price range for Rental Homes in CBD?
Today's rental pricing for Homes for Rent, Condos and Townhomes in CBD ranges from $1,200 to $3,650 with an average monthly rent of $2,136.
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.
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.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
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.