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Apartments Under $500 in Detroit, MI

1 - 4 of 4 Results
7
$464
Marwood
53 Marston St Detroit, MI
1 BR | Available Now
Air Conditioning
Disability Access
Dishwasher
New Center
7
$ Ask - 850
Detroit Living Apartments
20237 W Chicago Ave Detroit, MI
1 BR | Available Now
Contact
Surface Parking
Storage
Westwood
$150
10635 Cadieux
Detroit, MI
Studio | Ask for Availability
House
18
$ Ask - 1,633
The Pavilion
1 Lafayette Plaisance St Detroit, MI
Studio - 2 BR | Available Now
Contact
Heat Included
Cat Friendly
Air Conditioning
Fitness Center
Dishwasher
1 - 4 of 4 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 4 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 160 studio apartments under $500 available for rent in Detroit.

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

Rentable.co has 319 one-bedroom apartments under $500 available for rent in Detroit.

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

Rentable.co has 96 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. Mexicantown
  3. Minock Park
  4. Art Center
  5. New Center

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

Welcome to the August 2026 Detroit Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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.
0 7 15 22 30 <$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 $1,300, with the majority falling between $730 and $2,100. Out of the 2,185 one-bedroom apartments currently on the market in Detroit, 18 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
Troy, MI
17
3
3
In August 2026, there are a total of 53 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 August M/M % Change
Detroit, MI 17 +1.02%
Southfield, MI 4 +1.27%
Troy, MI 4 +1.05%
Clinton Township, MI 3 +1.0%
Taylor, MI 2 +1.2%
Pontiac, MI 2 +1.08%
Farmington Hills, MI 2 +1.0%
Hazel Park, MI 2 +0.87%
Royal Oak, MI 1 +1.33%
Roseville, MI 1 +1.0%

Looking for Apartments Under $500 in Detroit?

Available apartments under $500 580
Top amenities Dishwasher, Refrigerator, Garbage Disposal, Range / Oven, Freezer
Deals 1
Pet friendly 3
Utilities included 15
Studio 13
1 Bedroom 18
2 Bedroom 15

Where are Detroit Apartments Under $500?

Top Neighborhoods Medical center, Mexicantown, Minock park, Art center, New center
Medical Center 3
Mexicantown 3
Minock Park 2
Art Center 2
New Center 2
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