Cheap Homes for Rent in Downtown Neighborhood of Detroit, MI from $1,400 (21 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown 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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property at 150 Park St W

150 Park St W

WindsorONN9A 7A2

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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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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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 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 Downtown 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
Wabash FlatsCorktown Studio in clean, renovated historic bu...Studio,1BA$850
City Place DetroitStudio ApartmentStudio,1BA$900

Best Value Apartments for Rent in Downtown, MI

As of May 01, 2025 the best value apartment in the Downtown 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 Downtown 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 Downtown 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
The FergusonThe VernorStudio ,1BA$2.07
Corktown Ash ApartmentsLoft2BR,1BA$2.00
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
Wabash FlatsCorktown Studio in clean, renovated historic bu...Studio ,1BA$1.89
Town ResidencesS3Studio ,1BA$2.00

Quick Rent Budget Calculator

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Frequently Asked Questions about Downtown

What type of rentals are currently available in Downtown?

There are currently 164 Apartments for Rent in Downtown, MI with pricing that ranges from $750 to $8,250. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,450 to $5,500.

What is the current price range for Rental Homes in Downtown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $1,450 to $5,500 with an average monthly rent of $2,826.

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.