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Studio Apartments for Rent in Detroit, MI

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  • /58

    Starting at $1,590 Per Month

    • Studio - 2 Beds

    1265 Washington Blvd, Detroit, MI 48226

    Living in the epicenter of downtown, you'll be in the heart of the action. With convenient amenities, innovative offerings and steps away from everything Detroit has to offer, you can experience it all at Book Tower.Make yourself at home in one of Book Tower's beautiful studio, one- and two-bedroom apartments. Residents can privately enjoy The Study to work from home, the Fitness Center for

    Book Tower

    (734) 530-3580

    1265 Washington Blvd, Detroit, MI 48226
  • /65

    Starting at $975 Per Month

    • Studio - 2 Beds

    5777 Southfield Fwy, Detroit, MI 48228

    This property is managed by Beztak, 2026 recipient of the US Best Managed Companies for the seventh year in a row, sponsored by Deloitte Private and The Wall Street Journal. Call and let us tell you why! Make GoodHomes Detroit your new address, where luxury, convenience and community come together. Completed in 2024, GoodHomes Detroit offers spacious studio/junior one-bedroom and two bedroom/two

    GoodHomes Detroit

    (313) 251-1456

    5777 Southfield Fwy, Detroit, MI 48228
  • /30

    Starting at $1,250 Per Month

    • Studio - 2 Beds

    2701 Park Ave, Detroit, MI 48201

    A landmark originally built for an era of growth and limitless possibilities. Throughout the generations, the blend of contemporary and eclectic styles apparent in the city of Detroit has influenced and evolved this tradition-rich community. An amazing, rejuvenated era awaits District Detroit with state-of-the art amenities and unique flair for the modern city-dweller.

    Eddystone

    (586) 600-8617

    2701 Park Ave, Detroit, MI 48201
  • /43

    Call for Price

    • Studio - 2 Beds

    305 Michigan Ave, Detroit, MI 48226

    A boutique retreat in the heart of Downtown Detroit, offering a modern, design-driven stay just steps from the city’s most magnetic streets. Blending the intimacy of a residential building with the polish of a curated hotel experience, it places guests within effortless reach of stadiums, corporate towers, riverfront paths, restaurants, galleries &nightlife. Positioned at the natural crossroads

    Hotel Houze - Short Term Leases

    (947) 600-4541

    305 Michigan Ave, Detroit, MI 48226
  • /60

    Starting at $1,468 Per Month

    • Studio - 2 Beds

    2911 W Grand Blvd, Detroit, MI 48202

    This property is managed by Beztak, 2026 recipient of the US Best Managed Companies for the seventh year in a row, sponsored by Deloitte Private and The Wall Street Journal. Call and let us tell you why!Welcome to The Boulevard in Detroit's New Center, featuring modern rental apartments located in the heart of an international city, in a neighborhood of professional institutions and cultural

    The Boulevard

    (586) 600-8824

    2911 W Grand Blvd, Detroit, MI 48202
  • /46

    Starting at $795 Per Month

    • Studio - 3 Beds

    8805 Kingswood St, Detroit, MI 48221

    This community offers one-, two-, and three-bedroom apartments and townhomes in a great location close to shopping, dining, sporting events, and entertainment. A variety of spacious floor plans, with amenities that speak to its livability, Sherwood Heights is one of Detroit's best kept secrets at a great value. Air conditioning, dishwasher, walk-in closets, gated vehicle entry, carports

    Sherwood Heights

    (888) 260-2866

    8805 Kingswood St, Detroit, MI 48221
  • /63

    Starting at $975 Per Month

    • Studio - 2 Beds

    114 W Adams Rd, Detroit, MI 48226

    Briggs Houze — Modern Downtown Detroit Apartments in the Entertainment DistrictBriggs Houze offers fully renovated studio, one-bedroom, and two-bedroom apartments at 114 W Adams Ave in downtown Detroit's Entertainment District. Historic architecture meets modern interiors — granite countertops, stainless steel appliances, custom cabinetry, hard flooring, in-unit washer and dryer, and downtown

    Briggs Houze

    (833) 749-6015

    114 W Adams Rd, Detroit, MI 48226
  • /41

    Starting at $900 Per Month

    • Studio - 1 Bed

    1600 Antietam Ave, Detroit, MI 48207

    Come see what's new at CITY PLACE DETROIT - where city living comes with epic views! Step outside your door and experience the excitement of downtown living like never before. Located in historic Lafayette Park, our recently updated STUDIO and ONE BEDROOM APARTMENTS are within a short walk to some of Detroit's best spots. Stop by our neighbours in Eastern Market for amazing local foods

    City Place Detroit

    (586) 474-4425

    1600 Antietam Ave, Detroit, MI 48207
  • /130

    Starting at $1,450 Per Month

    • Studio - 2 Beds

    440 Alfred St, Detroit, MI 48201

    At The Residences, proximity to downtown makes opportunities limitless. Mid-level courtyards and rooftop terraces make indoor-outdoor living a possibility in the heart of downtown Detroit, while contemporary conveniences allow residents to build and refine their routines. With more than 250 for-lease units offering a diverse collection of floor plans, residents can keep their layouts and next

    The Residences at City Modern

    (586) 600-7778

    440 Alfred St, Detroit, MI 48201
  • /40

    Starting at $1,225 Per Month

    • Studio - 2 Beds

    3439 Woodward Ave, Detroit, MI 48201

    This property is managed by Beztak, 2026 recipient of the US Best Managed Companies for the seventh year in a row, sponsored by Deloitte Private and The Wall Street Journal. Call and let us tell you why!Welcome to The Boulevard in Detroit's New Center, featuring modern rental apartments located in the heart of an international city, in a neighborhood of professional institutions and cultural

    Woodward West

    (586) 501-8706

    3439 Woodward Ave, Detroit, MI 48201
  • /22

    Starting at $1,445 Per Month

    • Studio - 2 Beds

    411 Piquette St, Detroit, MI 48202

    This property is managed by Beztak, 2026 recipient of the US Best Managed Companies for the seventh year in a row, sponsored by Deloitte Private and The Wall Street Journal. Welcome to Piquette Flats, a beautifully restored historic landmark building designed by the legendary Albert Kahn and meticulously brought to life by The Platform in 2024. Experience elevated loft living in Detroit's

    Piquette Flats

    (877) 848-9823

    411 Piquette St, Detroit, MI 48202
  • /35

    Starting at $715 Per Month

    • Studio - 3 Beds

    8100 E Jefferson Ave, Detroit, MI 48214

    Alden Towers has been a fixture in the heart of the Villages of Detroit since 1923. Re-imagined into a community of modern, boutique apartments, this exclusive collection of charming homes is a perfect combination of historic charm and contemporary flair. These spacious studio, one and two-bedroom apartments showcase stunning views of the city skyline, one of our many ornate courtyards, or the

    Alden Towers

    (586) 571-8433

    8100 E Jefferson Ave, Detroit, MI 48214
  • /68

    Starting at $1,575 Per Month

    • Studio - 2 Beds

    1611 Michigan Ave, Detroit, MI 48201

    Located in Detroit's most vibrant neighborhoods, and rich with both engaging amenities and social programming, Perennial Corktown is the perfect destination for Detroiters seeking an active lifestyle and strong sense of community. Corktown's newest apartment community raises the bar with high-end finishes, impeccable interiors, concierge-style service, and a full suite of amenities. Planned,

    Perennial Corktown

    (734) 530-3271

    1611 Michigan Ave, Detroit, MI 48201
  • /39

    Starting at $1,290 Per Month

    • Studio - 1 Bed

    3740 2nd Ave, Detroit, MI 48201

    Brainard Flats is a new four-story mixed use building in the heart of Midtown! The residential units are solid and built to last, with great in-unit amenities and high quality finishes. Enjoy the great location, near some of Detroit's best bars, restaurants, and shopping. With parking, in-unit laundry, central air, and thoroughly designed kitchens, your next home is waiting for you!*To be

    Brainard Flats

    (833) 740-6887

    3740 2nd Ave, Detroit, MI 48201
  • /18

    Starting at $983 Per Month

    • Studio - 2 Beds

    40 Davenport St, Detroit, MI 48201

    At the intersection of Downtown and Midtown stands The Hamilton, a metropolitan blend of historic charm and boutique design. Detroiters who reside at The Hamilton will enjoy exquisite finishes and exceptional amenities unlike any other location in Midtown. Striking city views, lifestyle curation, state-of-the-art fitness & wellness rooms, and engaging community spaces detail The Hamilton

    The Hamilton Midtown Detroit

    (586) 434-3538

    40 Davenport St, Detroit, MI 48201
  • /105

    Starting at $1,450 Per Month

    • Studio - 2 Beds

    1544 E Lafayette St, Detroit, MI 48207

    Ask about our $500 Hometown Hero Special! Call today! *Restrictions Apply! Live within walking distance to Downtown Detroit. DuCharme Place is the perfect community for those looking to experience a city lifestyle. Conveniently situated just minutes from the heart of downtown, you will be sure to enjoy gourmet restaurants, an amazing variety of entertainment and all the shopping and sightseeing

    DuCharme Place Apartments

    (586) 261-8192

    1544 E Lafayette St, Detroit, MI 48207
  • /60

    Starting at $1,140 Per Month

    • Studio - 3 Beds

    313 Park Ave, Detroit, MI 48226

    CBD Detroit Apartments offers a premier selection of studio, 1, 2, and 3-bedroom apartments and penthouses for rent in the vibrant heart of Downtown Detroit, MI. Located at 313 Park Ave, our luxurious community provides exceptional living with stylish finishes and modern conveniences. Each residence features high-end European-style cabinetry, granite countertops, and stainless-steel appliances.

    CBD Detroit Apartments

    (855) 617-9343

    313 Park Ave, Detroit, MI 48226
  • /18

    Starting at $1,295 Per Month

    • Studio - 2 Beds

    2420 Bagley Ave, Detroit, MI 48216

    MEET THE BROOKEJoin us for an exciting Open House on Thursday, June 27th, from 2-6pm! Explore our stunning downtown luxury apartment homes and experience all that we have to offer. Visit us at 2420 Bagley, Detroit, MI. We can't wait to show you around! Welcome Home!From the

    The Brooke on Bagley

    (947) 217-5407

    2420 Bagley Ave, Detroit, MI 48216
  • /49

    Starting at $1,070 Per Month

    • Studio - 3 Beds

    10 Witherell St, Detroit, MI 48226

    Experience sophisticated urban living at Broderick Tower, Detroit's iconic 34-story historic landmark at Grand Circus Park. This beautifully renovated skyscraper offers luxury apartments with stunning panoramic views, modern amenities, and downtown convenience. Located steps from restaurants, stadiums, entertainment venues, and the theater district, with Grand Circus Park People Mover station

    The Broderick Tower (MCI)

    (877) 792-8054

    10 Witherell St, Detroit, MI 48226
  • /43

    Starting at $1,395 Per Month

    • Studio - 2 Beds

    310 Gratiot Ave, Detroit, MI 48226

    eXchange offers a variety of studio, alcove, 1, and 2-bedroom luxury apartments for rent in Detroit, MI. Our pet-friendly apartment community is in an ideal location in Downtown Detroit with easy access to I-94, I-75, M-10, shopping, dining, public transportation, and top Detroit employers including Ford Field, Comerica Park, GM RenCen, Children's Hospital of Michigan, and Blue Cross Blue Shield

    eXchange Apartments

    (586) 250-1494

    310 Gratiot Ave, Detroit, MI 48226
  • /49

    Starting at $1,450 Per Month

    • Studio - 2 Beds

    1249 Griswold St, Detroit, MI 48226

    Centrally located in the highly desirable downtown neighborhood of Capitol Park, The Farwell offers an unparalleled level of luxury that redefines the intersection of sophistication and style. Each residence acts as a private retreat set within the thriving cultural hub that is Downtown Detroit. Featuring contemporary architecture flush with high-end finishes, The Farwell offers over 80 fully

    The Farwell

    (734) 530-3759

    1249 Griswold St, Detroit, MI 48226
  • /38

    Starting at $1,245 Per Month

    • Studio - 2 Beds

    1247 Woodward Ave, Detroit, MI 48226

    The Lofts of Merchant Row offers studio, 1, 2, and 3-bedroom lofts and penthouse apartments for rent in Detroit, MI. Our pet-friendly apartment community is in an ideal location in the heart of Downtown Detroit with easy access to I-74, I-375, and the People Mover public transportation system, as well as shopping, dining, entertainment, and top Detroit employers including RenCen, Ford Field,

    The Lofts of Merchants Row

    (586) 554-2055

    1247 Woodward Ave, Detroit, MI 48226
  • /21

    Starting at $840 Per Month

    • Studio - 1 Bed

    1511 1st St, Detroit, MI 48226

    The Town Residences have managed to preserve the classic atmosphere of this impressive building while incorporating modern, up-to-date designs to create an incredible city living experience in Detroit, MI. Select from a variety of unique studio or one-bedroom floor plans with well-equipped upgrades to help you feel right at home. Apartments offer state-of-the-art kitchens with two different

    Town Residences

    (734) 767-1360

    1511 1st St, Detroit, MI 48226
  • /34

    Starting at $1,369 Per Month

    • Studio - 2 Beds

    1145 Griswold St, Detroit, MI 48226

    Centrally located in the highly desirable downtown neighborhood of Capitol Park, Capitol Park Lofts is at the epicenter of premier luxury living experiences. Detroit’s comeback is finer and supremely reestablished, as it is surrounded by culturally cool dynamic communities: Brush Park, Campus Martius, Corktown, and Midtown. Capitol Park Lofts offers 66 luxury residences newly renovated and

    Capitol Park Lofts

    (734) 530-3185

    1145 Griswold St, Detroit, MI 48226
  • /88

    Starting at $1,250 Per Month

    • Studio - 1 Bed

    1212 Griswold St, Detroit, MI 48226

    Centrally located in the highly desirable downtown neighborhood of Capitol Park, Detroit Savings Bank is at the epicenter of premier luxury living experiences. Detroit’s comeback is finer and supremely reestablished, as it is surrounded by culturally dynamic communities: Brush Park, Campus Martius, Corktown, and Midtown. Detroit Savings Bank offers 56 luxury residences newly renovated and

    Detroit Savings Bank

    (734) 530-9026

    1212 Griswold St, Detroit, MI 48226
  • /67

    Starting at $1,115 Per Month

    • Studio - 2 Beds

    1405 Rivard St, Detroit, MI 48207

    ILS Description:Welcome to Lafayette West Apartments, where modern design and city living come together in the heart of Lafayette Park. Choose from spacious studio, one-, and two-bedroom homes featuring sleek finishes, stainless steel appliances, quartz countertops, in-home laundry, and private balconies in select layouts.Just minutes from Downtown Detroit, Eastern Market, and the RiverWalk,

    Lafayette West Apartments

    (855) 699-0266

    1405 Rivard St, Detroit, MI 48207
  • /72

    Starting at $1,050 Per Month

    • Studio - 2 Beds

    1 Lafayette Plaisance St, Detroit, MI 48207

    Mornings are special at The Pavilion. Standing at the large window with your coffee, watching the sun trail across Detroit's skyline. The early birds are out already - joggers, tennis players and dog walkers enjoying Lafayette Park. The Pavilion, a classic design by legendary architect Mies van der Rohe, is adjacent to 19 beautiful acres of activity and relaxation. It's on the National Register

    The Pavilion

    (586) 501-8884

    1 Lafayette Plaisance St, Detroit, MI 48207
  • /55

    Starting at $1,600 Per Month

    • Studio - 2 Beds

    222 W 3rd St, Detroit, MI 48226

    Perched along the shimmering Detroit River, where city and sky converge, your all-glass sanctuary stands as a testament to modern living. Across the water, Canada winks, while this side of the river redefines urban sophistication.Each apartment, from airy studios to expansive residences, is a masterpiece of light and lifestyle—where high-end finishes whisper elegance, and floor-to-ceiling windows

    The Residences Water Square

    (734) 530-3503

    222 W 3rd St, Detroit, MI 48226
  • /52

    Starting at $1,100 Per Month

    • Studio - 2 Beds

    664 W Alexandrine St, Detroit, MI 48201

    Thank you for your interest in The Alexandrine, a modern, newly developed community nestled in the heart of Midtown Detroit -- one of the city's most vibrant and artistic neighborhoods just north of downtown. Surrounded by culture and creativity, you'll be steps away from iconic destinations like the Museum of Contemporary Art Detroit, the Michigan Science Center, and the Charles H. Wright Museum

    The Alexandrine

    (844) 965-1984

    664 W Alexandrine St, Detroit, MI 48201
  • /13

    Call for Price

    • Studio - 1 Bed

    25 E Palmer St, Detroit, MI 48202

    Midtown Detroit is a bustling urban neighborhood immediately north of downtown. Home to Wayne State University, there are many students, faculty, and staff members that live in this lively community. In Midtown, you'll find the Museum of Contemporary Art Detroit, the Michigan Science Center, and the Charles H. Wright Museum that explores African American history from the Middle Passage to the

    The Barlum

    (844) 554-1665

    25 E Palmer St, Detroit, MI 48202
  • /55

    Starting at $999 Per Month

    • Studio - 2 Beds

    7702 E Jefferson Ave, Detroit, MI 48214

    We don't just rent apartments. From the moment you walk through the front door you'll feel the comfort that makes our residents happy to call us home. Cutting edge amenities, meticulously-groomed grounds, and a dedicated staff contributes to a higher standard of living. Convenient shopping, award-winning schools, local museums and parks are all close at hand, with sponsored activities to develop

    Beach Club Detroit

    (586) 382-9372

    7702 E Jefferson Ave, Detroit, MI 48214
  • /43

    Starting at $1,008 Per Month

    • Studio - 1 Bed

    444 Watson St, Detroit, MI 48201

    Located in the heart of Brush Park, Brush Watson is within walking distance to all things Detroit has to offer. Brush Watson brings you modern living in one of Detroit's most iconic and historic neighborhoods. Thoughtfully designed with state of the art finishes, these newly constructed homes feature open floor plans with high ceilings, stainless steel appliances and indoor and outdoor spaces to

    Brush Watson

    (855) 428-0976

    444 Watson St, Detroit, MI 48201
  • /55

    Starting at $730 Per Month

    • Studio - 2 Beds

    1130 Holcomb St, Detroit, MI 48214

    Discover the prime location of Eastpointe Apartments, nestled between West Village and Belle Isle off E Jefferson Avenue. This newly updated historic building offers studio, one-bedroom, and two-bedroom apartments. Just minutes away from Belle Isle, West Village, Eastern Market, and Downtown Detroit or Grosse Pointe, residents enjoy easy access to the best of city living.*To be approved for an

    Eastpointe

    (866) 570-8294

    1130 Holcomb St, Detroit, MI 48214
  • /37

    Starting at $795 Per Month

    • Studio - 1 Bed

    111 Cadillac Square, Detroit, MI 48226

    Heat, electric, water, and trash are all INCLUDED in your monthly rent!We invite you to visit our website at www.NewCadillacSquare.com, or call us at 313-979-0210 to schedule your personal showing.You’ll love the convenience of living at The New Cadillac Square Apartments.Located in the heart of Downtown Detroit, the landmark New Cadillac Square Apartments offers high-rise

    New Cadillac Square Apartments

    (734) 530-4865

    111 Cadillac Square, Detroit, MI 48226
  • /18

    Call for Price

    • Studio - 2 Beds

    1001 E Jefferson Ave, Detroit, MI 48207

    A renowned landmark in the heart of Detroit, The Palms Apartments was built in 1910 and combines rare beauty, architecture, and style that only a historical building can offer. Living at The Palms will put you in downtown Detroit, where you can enjoy eclectic entertainment, dining, shopping, and nightlife. The People Mover, Detroit Riverwalk, Dequindre Cut, Aretha Franklin Park, Hart Plaza, Cobo

    Palms

    (844) 999-0249

    1001 E Jefferson Ave, Detroit, MI 48207
  • /41

    Starting at $1,050 Per Month

    • Studio - 1 Bed

    2310 Cochrane St, Detroit, MI 48216

    Left Field Detroit is Corktown's newest gem. Overlooking left field at the OldTiger Stadium, this community offers a combination of comfort, quality, and design. Featuring high ceiling and tall windows, the views are amazing. Each home comes with stainless appliances and modern finishes. Relax in the resident lounge or overlook the ballpark from our roof top terrace. The leasing team is ready to

    Left Field

    (810) 390-5545

    2310 Cochrane St, Detroit, MI 48216
  • /30

    Starting at $1,100 Per Month

    • Studio - 2 Beds

    1387 E Larned St, Detroit, MI 48207

    At Lafayette Park Place, interior details shape your lifestyle. Our Detroit apartments come in Studio, one-bedroom, and two-bedroom layouts that are newly renovated, spacious, and adaptable. A variety of interior luxuries adorn them, including newly added balconies, air conditioning, dishwasher, and more. As a resident of our pet-friendly community, you will also have exclusive access to

    Lafayette Park Place - Detroit, MI

    (586) 434-3209

    1387 E Larned St, Detroit, MI 48207
  • /44

    Starting at $663 Per Month

    • Studio - 1 Bed

    80 E Hancock St, Detroit, MI 48201

    Welcome Home to Cathedral Tower!The Cathedral Tower Apartments recalls the timeless memories of the rich history of downtown Detroit. Conveniently located in the heart of Midtown, Cathedral Tower offers spacious and affordable studio and one bedroom apartments for rent with ALL UTILITIES PAID! The superb details of the beautiful architecture add to the unique character of your apartment

    CATHEDRAL TOWER APARTMENTS

    (586) 571-8796

    80 E Hancock St, Detroit, MI 48201
  • /30

    Starting at $1,050 Per Month

    • Studio - 2 Beds

    1620 Michigan Ave, Detroit, MI 48216

    With a prime location just minutes from downtown Detroit, The Corner is a brand-new luxury apartment community offering the best in contemporary features and conveniences. Residents will love the hip Corktown neighborhood and enjoy the best shopping, dining, and entertainment Detroit has to offer. Just blocks from major freeways and public transportation, The Corner has a variety of pet-friendly

    The Corner

    (734) 530-4151

    1620 Michigan Ave, Detroit, MI 48216
  • /21

    Starting at $875 Per Month

    • Studio - 2 Beds

    885 Covington Dr, Detroit, MI 48203

    Come live life to the fullest in Historic Palmer Park. This newly renovated and landscaped 4-story apartment building offers beautifully modernized studios (handicap accessible options available), one bedrooms and two bedroom floor plans that range from about 500 square feet to a spacious 1,300 square feet! These apartments include tenant controlled heat and air conditioning, brand new kitchens

    RCI Covington Apartments

    (947) 219-1851

    885 Covington Dr, Detroit, MI 48203

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Why Live in Detroit

Detroit's cultural landscape features the renowned Detroit Institute of Arts, housing an encyclopedic collection, and the historic Motown Museum where legendary artists recorded timeless hits. The 982-acre Belle Isle Park includes the Anna Scripps Whitcomb Conservatory and aquarium, while the Henry Ford Museum showcases American innovation through iconic artifacts. The food scene has evolved with standout restaurants like Selden Standard, known for New American cuisine from locally sourced ingredients, and Marrow, an upscale bistro focusing on ethically sourced meats.

The housing market presents diverse options across distinct neighborhoods. Indian Village commands the highest median single family home price at $500,000, while Palmer Woods follows at $754,000. More moderate options exist in Rosedale Park, where the median single family home price is $237,000. Citywide, the median sale price sits at $92,000, with median townhome prices at $412,500. One-bedroom condos have a median price of $149,900, while two-bedroom condos reach $264,900.

Detroit's cost of living measures 2.9% above the national average. A married couple with children needs approximately $109,000 annually to live comfortably, while renters should aim for $58,000. The property tax rate in Wayne County is 1.64%, slightly higher than nearby Ann Arbor at 1.56%. Michigan maintains a 4.25% state income tax rate, with Detroit residents paying an additional 2.4% local income tax.

The city maintains strong educational options, including University Liggett School and Detroit Waldorf School, both highly rated private institutions. Wayne State University and the University of Detroit Mercy provide higher education opportunities. Public transportation includes the DDOT bus system and the QLine streetcar along Woodward Avenue. The city experiences four distinct seasons, with summer highs reaching the low 80s Fahrenheit and regular snowfall during winter months.

Frequently Asked Questions

How much does it cost to rent a home in Detroit, MI?
The median rent for a home in Detroit, MI is $1,300 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option while condos and townhouses are currently more expensive.
How much do you need to make to afford rent in Detroit, MI?
To comfortably afford the median rent in Detroit, MI, a household needs to earn roughly $52,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,300 per month in Detroit, MI, renters typically need to show $3,900 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Detroit, MI?
In Detroit, MI, the price-to-rent ratio is 6.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Detroit, MI are best for renting a home?
The best neighborhood for renting in Detroit, MI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Cultural Center, North End, Brush Park, Midtown and Corktown, each with its own character and price range.

Rental Home Trends in Detroit, MI

Rental Home Trends

Number of Homes for Rent
86
Median Rent
$1,300
Median Single Family Home Rent
$1,300
Median Townhouse Rent
$2,500
Median Condo Rent
$1,400
How to Rent a Home