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Apartments Under $500 in Detroit, MI

1 - 5 of 5 Results
18
$425
12775 Plymouth Rd
12775 Plymouth RD Detroit, MI
1 BR | Ask for Availability
Contact
1
$499
2521 Central Ave
2521 Central St Detroit, MI
1 BR | Available Now
Contact
1
$475
13021 Plymouth Road
13021 Plymouth RD Detroit, MI
1 BR | Ask for Availability
Contact
1
$499
2523 Central Ave
2523 Central St Detroit, MI
1 BR | Available Now
Contact
18
$ Ask - 1,633
The Pavilion
1 Lafayette Plaisance St Detroit, MI
Studio - 2 BR | Available Now
Contact
Heat Included
Cat Friendly
Luxury
Air Conditioning
Fitness Center
1 - 5 of 5 Results
  1. Home
  2. Detroit
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Detroit, MI on Rentable.co?

There are 5 apartments under $500 in Detroit currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Detroit?

Rentable.co has 135 studio apartments under $500 available for rent in Detroit.

How many one-bedroom apartments under $500 are available in Detroit?

Rentable.co has 229 one-bedroom apartments under $500 available for rent in Detroit.

How many two-bedroom apartments under $500 are available in Detroit?

Rentable.co has 54 two-bedroom apartments under $500 available for rent in Detroit.

Can I afford a apartment under $500 in Detroit, MI?

To comfortably afford a apartment under $500 in Detroit based on average rent prices, a household would need an annual income of $19,000.

Which neighborhoods have the most apartments under $500 for rent in Detroit, MI?

  1. Medical Center
  2. Conner Creek Ind
  3. Lafayette Park
  4. Islandview
  5. Russell Woods

Apartments Under $500 in Detroit, MI: December Rental Information

Welcome to the December 2024 Detroit Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Detroit rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Detroit and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for apartments under $500 in Detroit. Whether you're a student, a professional, or just looking for an affordable place to rent, this report aims to help you make an informed decision on your next apartment in Detroit.
0 10 20 30 40 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 $1,620 $1,700 $1,780 $1,860 $1,940 >$2,020
This month, the typical cost to rent a one-bedroom apartment in Detroit stands at $1,400, with the majority falling between $640 and $2,020. Out of the 1,789 one-bedroom apartments currently on the market in Detroit, 15 are priced below $500, accounting for 1% of the total available one-bedroom units in Detroit.

Available Apartments Under $500: Detroit vs. Surrounding Areas

Detroit, MI
11
In December 2024, there are a total of 31 apartments available for rent under $500 in the Detroit, MI metro area. This includes apartments in Detroit itself as well as nearby cities such as Huntington Woods, Sylvan Lake, Melvindale, Taylor, Auburn Hills, Clawson, Trenton, Franklin, Troy, Fraser, Utica, Keego Harbor, Garden City, Mount Clemens, Riverview, Rochester, Rochester Hills, Berkley, Warren, Beverly Hills, New Baltimore, Roseville, Bingham Farms, Royal Oak, Birmingham, Wayne, Lathrup Village, Bloomfield Hills, St Clair Shores, Dearborn, Dearborn Heights, Lincoln Park, Oak Park, Grosse Pointe, Grosse Pointe Farms, Grosse Pointe Park, Grosse Pointe Shores, Grosse Pointe Woods, Livonia, Hamtramck, Orchard Lake, Eastpointe, Wyandotte, Madison Heights, Hazel Park, Southfield, Southgate, Highland Park, Allen Park, Sterling Heights, Center Line, Farmington, Farmington Hills, Pontiac, Ferndale, Chesterfield, Washington, Clinton Township, Shelby Twp, Inkster, Harrison Township, Redford, Brownstown Twp, Bloomfield Township, Oakland, Det., Chesterfield Twp, Macomb Twp, Harper Woods, and Ecorse. Prospective renters looking for affordable options in the region will have a range of choices to consider. Rentable's comprehensive apartment search tools can help narrow down the options based on specific preferences and requirements.

Apartments Under $500 Now vs. Last Month: Detroit and Surrounding Areas

City Apartments Under $500 in December M/M % Change
Detroit, MI 11 +0.95%
Dearborn, MI 2 +1.25%
Clinton Township, MI 2 +1.0%
Troy, MI 2 +1.0%
Pontiac, MI 2 +0.78%
Hazel Park, MI 2 +1.18%
Southfield, MI 1 +1.12%
Lincoln Park, MI 1 +0.8%
Wayne, MI 1 +1.0%
Lathrup Village, MI 1 +1.0%

Looking for Apartments Under $500 in Detroit?

Available apartments under $500 415
Top amenities Refrigerator, Carpet, Range / Oven, Elevator, Off Street Parking
Pet friendly 3
Utilities included 4
Studio 5
1 Bedroom 9
3 Bedroom 2

Where are Detroit Apartments Under $500?

Top Neighborhoods Medical center, Conner creek ind, Lafayette park, Islandview, Russell woods
Medical Center 2
Conner Creek Ind 1
Lafayette Park 1
Islandview 1
Russell Woods 1
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