Cheap Homes for Rent in CBD Neighborhood of Detroit, MI from $1,500 (23 Rentals)

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Search the lowest-cost Homes available for rent right now in the CBD area of Detroit.

Check Out Detroit’s Best Affordable Neighborhoods

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

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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
Briggs HouzeStudioStudio,1BA$999

Best Value Apartments for Rent in CBD, MI

As of April 13, 2025 the best value apartment in the CBD area is the $1.36 price per square foot 1bed/ 1bath Model at The Claridge Apartments in the in the Necklace District neighborhood starting from $1,350. The second greatest value CBD apartment is the A3p - Premium Model at The Millie on Brush starting at $1,755 with a $1.85 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.
The Claridge Apartments1bed/ 1bath1BR,1BA$1.36
The Millie on BrushA3p - Premium1BR,1BA$1.85
Millwood Place ApartmentsTwo Bedroom Apartment2BR,1BA$1.77
Lafayette Park Place - Detroit, MIOne Bedroom1BR,1BA$1.43
Lafayette TowersFisher1BR,1BA$1.48
Palms EastBalcony1BR,1BA$1.62
Riverfront TowersThe Lafayette1BR,1BA$1.95
Central ParkOne Bedroom1BR,1BA$1.84
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Heather HallStudio 1 BathroomStudio ,1BA$1.84

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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 $8,190. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in CBD ranging from $1,500 to $3,900.

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 $1,500 to $3,900 with an average monthly rent of $2,473.

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.

decorative image for A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent article

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.