Apartments Under $500 in Detroit, MI

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

Welcome to the May 2026 Detroit Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2026 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.

This month, the typical cost to rent a one-bedroom apartment in Detroit stands at $1,340, with the majority falling between $710 and $2,090. Out of the 1,902 one-bedroom apartments currently on the market in Detroit, 16 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

Southfield, MI

Taylor, MI

Troy, MI

In May 2026, there are a total of 48 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 May	M/M % Change
Detroit, MI	18	+1.0%
Southfield, MI	5	+0.92%
Taylor, MI	4	+0.96%
Troy, MI	3	+0.81%
Clinton Township, MI	3	+0.93%
Royal Oak, MI	2	+1.0%
Pontiac, MI	2	+0.62%
Oak Park, MI	1	+0.67%
Lincoln Park, MI	1	+1.11%
Trenton, MI	1	+1.0%

Looking for Apartments Under $500 in Detroit?

Available apartments under $500	590
Top amenities	Air Conditioning, Dishwasher, Refrigerator, Garbage Disposal, Range / Oven
Deals	1
Pet friendly	5
Utilities included	6
Studio	12
1 Bedroom	10
2 Bedroom	5

Where are Detroit Apartments Under $500?

Top Neighborhoods	Medical center, Mexicantown, Westwood, Brush park, Hubbard-richard
Medical Center	3
Mexicantown	3
Westwood	1
Brush Park	1
Hubbard-Richard	1

Apartments Under $500 in Detroit, MI

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

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

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

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

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

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