
Cheap Apartments for Rent in the Downtown Neighborhood of Detroit, MI from $700 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Detroit.


Heather Hall

New Cadillac Square Apartments

Town Residences

City Place Detroit

The Pavilion

The Press/321

CBD Detroit Apartments
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

Perennial Corktown

James Scott Mansion - Peak Midtown Detroit

Corktown Ash Apartments

The Fyfe Apartments

The Corner

eXchange Apartments

Detroit Savings Bank

The Addison

Riverfront Towers

Washington Park Apartments

The Millie on Brush

Residences at 150 Bagley

Left Field

The Claridge Apartments

Kasa Cadillac Square Detroit

1604 Bagley St

The Stott

1711 10th St

The Lofts of Merchants Row

The Kales Building

Lafayette West Apartments

1612 Bagley St

Security Trust Lofts

The Albert - Capitol Park

The Residences at City Modern

Branch Lofts

35W

310 Gratiot Ave
Downtown, Detroit, MI Local Guide

How much does it cost to rent an apartment in Downtown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Studio Apartments | $1,507 | $700 | $3,216 |
Downtown 1 Bedroom Apartments | $2,227 | $935 | $5,000 |
Downtown 2 Bedroom Apartments | $2,650 | $1,025 | $8,760 |
Downtown 3 Bedroom Apartments | $4,095 | $2,600 | $7,000 |
Browse Apartments in this Neighborhood
There are currently 58 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Detroit, MI.
See all Apartments in DetroitExplore Detroit
Downtown, Detroit, MI Local Guide
- Nearby Detroit neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Apartments for Rent
 The cheapest available apartment rental in the Downtown area of Detroit, MI is a Studio unit found at Philip Houze priced from $700. Heather Hall has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Downtown apartments for rent in Detroit, MI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Philip Houze | Studio | Studio,1BA | $700 |
Heather Hall | Studio 1 Bathroom | Studio,1BA | $795 |
New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
Wabash Flats | Corktown Studio in clean, renovated historic bu... | Studio,1BA | $850 |
Town Residences | Studio (S3) | Studio,1BA | $870 |
City Place Detroit | Studio Apartment | Studio,1BA | $900 |
The Pavilion | Lafayette | Studio,1BA | $994 |
CBD Detroit Apartments | Studio Affordable Program Nn-AFF | Studio,1BA | $996 |
Briggs Houze | Studio | Studio,1BA | $999 |
The Amo | The Clifford | Studio,1BA | $1,000 |
Best Value Apartments for Rent in Downtown, MI
As of March 21, 2025 the best value apartment in the Downtown area is the $1.65 price per square foot The Oakman Model at The Ferguson in the in the Necklace District neighborhood starting from $2,145. The second greatest value Downtown apartment is the Bp - Premium Model at The Millie on Brush starting at $1,930 with a $1.89 price per square foot in the Necklace District neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Ferguson | The Oakman | 1BR,1BA | $1.65 |
The Millie on Brush | Bp - Premium | 2BR,1BA | $1.89 |
The Claridge Apartments | 1bed/ 1bath | 1BR,1BA | $1.36 |
The Elliott Building | A5 | 1BR,1BA | $1.96 |
Jean Rivard | The Quarter | 1BR,1BA | $1.38 |
Philip Houze | 1 Bedroom | 1BR,1BA | $1.96 |
Millwood Place Apartments | One Bedroom Apartment | 1BR,1BA | $1.99 |
New Cadillac Square Apartments | One Bedroom / One Bathroom ($935) | 1BR,1BA | $1.56 |
Heather Hall | Studio 1 Bathroom | Studio ,1BA | $1.73 |
Wabash Flats | Corktown Studio in clean, renovated historic bu... | Studio ,1BA | $1.89 |
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.
Pet Friendly LifestyleDowntown, Detroit, MI
Ranked #9
Among neighborhoods in Detroit, MI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Apartments
What is a cheap apartment in Downtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $1,000.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is New Cadillac Square Apartments which is listed at $935, while the average apartment in Downtown costs $3,500.
What types of apartments are the cheapest in Downtown?
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 435 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown?
Cheap apartments in Downtown have an average cost of $207 which is $3,293 cheaper than the average rent for all rentals in Downtown.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.