26 Apartments under 500 for rent in Detroit, MI

Last updated September 23 at 5:30PM
1630 E State Fair
State Fair-Nolan
Detroit, MI
Updated September 2 at 10:43AM
1 Bedroom
$475
653 Whitmore Rd
Palmer Park
Detroit, MI
Updated September 23 at 9:37AM
1 Bedroom
$450
18933 Barlow St.
Osborn
Detroit, MI
Updated September 1 at 9:27AM
4 Bedrooms
$395
2690 W BOSTON Boulevard
Durfee
Detroit, MI
Updated August 15 at 4:57AM
Studio
$450
1160 Holcomb St
Foch
Detroit, MI
Updated September 21 at 1:39AM
Studio
$475
1152 Holcomb St
Foch
Detroit, MI
Updated September 21 at 1:39AM
Studio
$400
17016 MACK
Grosse Pointe
Grosse Pointe Park, MI
Updated September 7 at 2:55AM
Studio
$300
47718 VAN DYKE
Utica
Utica, MI
Updated August 15 at 10:46AM
Studio
$375
11255 HALL
Utica
Utica, MI
Updated September 4 at 2:28AM
Studio
$350
36403 Warren Road
Westland
Westland, MI
Updated September 21 at 12:43PM
Studio
$200
7930 COOLEY LAKE Road
, MI
Updated August 15 at 4:49AM
Studio
$270
2919 Clairmount St
Rosa Parks
Detroit, MI
Updated August 19 at 10:06AM
Studio
$395
Results within 1 miles of Detroit, MI
15321 FENKELL
Grandmont
Detroit, MI
Updated August 15 at 4:58AM
Studio
$400
81 E. Pleasant
River Rouge
River Rouge, MI
Updated September 23 at 11:00AM
1 Bedroom
$460
Results within 10 miles of Detroit, MI
1899 ORCHARD LAKE Road
Keego Harbor
Keego Harbor, MI
Updated September 23 at 10:32AM
Studio
$480
42690 WOODWARD
, MI
Updated September 23 at 10:34AM
Studio
$350
Prairie St
Winterhalter
Detroit, MI
Updated September 10 at 7:43AM
1 Bedroom
$450
1141 Holcomb St
Foch
Detroit, MI
Updated September 23 at 5:30PM
Studio
$450
1152 Holcomb St
Foch
Detroit, MI
Updated September 21 at 1:39AM
1 Bedroom
$485
Results within 20 miles of Detroit, MI
Mark Twain St
Grandmont
Detroit, MI
Updated September 21 at 7:44AM
Studio
$400
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Rent Report
Detroit

September 2017 Detroit Rent Report

Welcome to the September 2017 Detroit Rent Report. Detroit rents increased over the past month. In this report, we'll evaluate trends in the Detroit rental market, including comparisons to cities throughout the metro and nation.

Detroit rents increased slightly over the past month

Detroit rents have increased 0.2% over the past month, and are up slightly by 2.0% in comparison to the same time last year. Currently, median rents in Detroit stand at $680 for a one-bedroom apartment and $890 for a two-bedroom. The city's rents have been increasing for 19 straight months - the last time rents declined was in January of last year. Detroit's year-over-year rent growth lags the state average of 2.5%, as well as the national average of 3.0%.

Rents rising across the Detroit Metro

Throughout the past year, rent increases have been occurring not just in the city of Detroit, but across the entire metro. Of the largest 10 cities that we have data for in the Detroit metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Dearborn has the most expensive rents in the Detroit metro, with a two-bedroom median of $1,340; the city has also seen rent growth of 7.1% over the past year, the fastest in the metro.
  • Over the past month, Taylor has seen the biggest rent drop in the metro, with a decline of 0.3%. Median two-bedrooms there cost $890, while one-bedrooms go for $680.
  • Detroit proper has the least expensive rents in the Detroit metro, with a two-bedroom median of $890; rents were up 0.2% over the past month and 2.0% over the past year.

Detroit rents more affordable than many other large cities nationwide

Rent growth in Detroit has been relatively stable over the past year - some other large cities have seen more substantial increases. Detroit is still more affordable than most similar cities across the country.

  • Other cities across the state have seen rents increase, with Michigan as a whole logging rent growth of 2.5% over the past year.
  • Detroit's median two-bedroom rent of $890 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 2.0% rise in Detroit.
  • While rents in Detroit remained moderately stable this year, similar cities saw increases, including Fresno (+6.3%), Las Vegas (+5.2%), and Charlotte (+3.9%); note that median 2BR rents in these cities go for $1,010, $1,110, and $1,110 respectively.
  • Renters will find more reasonable prices in Detroit than most comparable cities. For example, Chicago has a median 2BR rent of $1,290, which is nearly one-and-a-half times the price in Detroit.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Detroit $680 $890 0.2% 2.0%
Warren $720 $940 1.7% 2.8%
Sterling Heights $810 $1,060 0.7% 3.6%
Dearborn $1,030 $1,340 0.8% 7.1%
Westland $730 $950 0.1% 2.5%
Troy $980 $1,280 0.0% 2.7%
Southfield $890 $1,160 -0.1% 1.4%
Taylor $680 $890 -0.3% 0.7%
Pontiac $720 $930 0.0% 3.3%
Royal Oak $830 $1,080 -0.2% 3.7%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.