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Apartments for Rent in Detroit, MI under $700 – 8 Rentals available

  • Apartment
    2625 Central Avenue, Detroit, MI 48209
    $475 - $550
    • Studio-1 Bed
    • 1 Bath
    Central Management Services
    Available Today!
    (248) 571-5083
  • Apartment
    2631 Central Avenue, Detroit, MI 48209
    $450 - $650
    • Studio-1 Bed
    • 1 Bath
    Central Management Services
    Available Today!
    (248) 571-5083
  • Home
    12053 Terry Street, Detroit, MI 48227
    $700
    • 2 Beds
    • 1 Bath
    Ritsch Venture Group LLC
    Available Today!
    (248) 795-8210
  • Apartment
    1550 Campbell Street, Detroit, MI 48209
    $650
    • 1 Bed
    • 1 Bath
    Central Management Services
    Available Today!
    (248) 571-5083

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Detroit, MI Demographics

  • Total Population679,865
  • Female 321,341
    Male 358,524
  • Median Age34.7

Average Rent in Detroit, MI

  • Detroit, MI Average Rental Price, May 2019$1,028/mo

Detroit, MI Apartment Rent Ranges

  • < $5002%
  • $501-$70031%
  • $701-$1,00029%
  • $1,001-$1,50023%
  • $1,501-$2,00010%
  • > $2,0005%

Detroit, MI Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 May / 2019
Detroit, MI $883 $905 $930 $940 $961 $979 $989 $987 $1,028
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
/

Average rent is projected to grow by 3% in 2018 compared to 2017.

Please note that projected rent growth is calculated at city level.

Average rent values on this page are aggregated from data from the following zip codes: 48201482024820348204482054820648207482084820948210482114821248213482144821548216482174821948221482234822448225482264822748228482304823348234482354823648238482394824048243

Check out the average rent prices in Detroit by neighborhood.

Detroit, MI Households

  • Total Number of Households258,471
  • Family 142,594
    Non-family 115,877
  • Children 77,968
    No Children 180,503
  • Average People Per Household2.58
  • Median Household Income$27,838
  • Median Housing Costs Per Month$698

Detroit, MI Education Statistics

  • No High School5%
  • Some High School48%
  • Some College28%
  • Associate Degree6%
  • Bachelor Degree8%
  • Graduate Degree5%

Renting apartments in Detroit, MI under $700

Searching for apartments for rent in Detroit, MI under $700 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RENTCafé can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Detroit, MI, where the average rent is $767 per month, there are 9 units available for less than $700. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $700” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Detroit, MI. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Detroit, MI going for $450 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!