Cheap Apartments for Rent in the Downtown Neighborhood of Detroit, MI from $700 (58 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Downtown 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

Read Article
property at 310 Gratiot Ave

310 Gratiot Ave

DetroitMI48226
close
View Me
14th Street Lofts
1 to 2 Bedroom Apartments

14th Street Lofts

2101 W Lafayette BlvdDetroit, MI 48216
  • Utilities Included
close
View Me
Coat Factory Lofts
Studio Apartments

Coat Factory Lofts

1652 W Fort StDetroit, MI 48216
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Downtown, Detroit, MI Local Guide

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 ListingModel NameBed/BathPriced From
Philip HouzeStudioStudio,1BA$700
Heather HallStudio 1 BathroomStudio,1BA$795
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Wabash FlatsCorktown Studio in clean, renovated historic bu...Studio,1BA$850
Town ResidencesStudio (S3)Studio,1BA$870
City Place DetroitStudio ApartmentStudio,1BA$900
The PavilionLafayetteStudio,1BA$994
CBD Detroit ApartmentsStudio Affordable Program Nn-AFFStudio,1BA$996
Briggs HouzeStudioStudio,1BA$999
The AmoThe CliffordStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The FergusonThe Oakman1BR,1BA$1.65
The Millie on BrushBp - Premium2BR,1BA$1.89
The Claridge Apartments1bed/ 1bath1BR,1BA$1.36
The Elliott BuildingA51BR,1BA$1.96
Jean RivardThe Quarter1BR,1BA$1.38
Philip Houze1 Bedroom1BR,1BA$1.96
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$1.73
Wabash FlatsCorktown 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown, Detroit, MI

Ranked #9

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.