The average monthly rent for an apartment in Downtown Detroit, Detroit, MI is around $1,616.
A share of 1% of apartments in Downtown Detroit, Detroit, MI have the cheapest rents between $501-$700. Around 35% of rentals are in the most expensive price range of $1,501-$2,000. Around 15% of Downtown Detroit’s apartments have monthly rents between $701-$1,000. There are 31% of apartments with rents between $1,001-$1,500.
Check out the average rent in Detroit.
The national average price of rental apartments is $1,718, while the average monthly rent in Downtown Detroit, Detroit, MI is $1,616.
Prices and availability in Downtown Detroit, Detroit, MI were last updated on 29 Apr 2024.
The best apartments in Downtown Detroit, Detroit, MI are: 2000 Brush Street and 2020 24th Street.
The average rent in Downtown Detroit, Detroit, MI is $1,611. Start your search for apartments in Downtown Detroit, Detroit, MI now.
In Downtown Detroit 84% of the housing is rented out compared to 16% of homes are owned, according to the most recent Census Bureau estimates. 67% of Downtown Detroit’s apartments are found in large buildings of 50 units or more, 24% are located in smaller apartment complexes with less than 50 units, and 8% are single-family rentals.
The convenience, opportunities, and facilities of downtown Detroit attract renters with different lifestyles and rental preferences. Specifically, plenty of business and commercial hubs provide ample job opportunities for all renters at various career levels and types of expertise. The neighborhood also features many excellent schools, public parks, and medical centers, thereby making it a popular choice for renters with families and retirees. Renting in downtown Detroit also means being within walking distance of renowned cultural sites and historical hotspots, like the Fox Theatre, Comerica Park, the Detroit Institute of Arts and many more. Additionally, easily accessible public transportation at a low cost and plentiful parking options can be found near rental properties, making the area ideal for renters looking for convenience.
Downtown Detroit is known for its iconic skyline and unique urban landscape. Here, those looking for upscale rentals can find many apartments for rent along the Detroit River with modern lobbies, state-of-the-art fitness centers and resort-style pools. Meanwhile, Capitol Park Historic District is the central commercial hub in the city, where renters will be close to job opportunities and everyday necessities. Similarly, Bricktown is also a popular district to rent in downtown Detroit, and is recognizable for its mid-rise red brick homes close to Greektown's shopping scene. Or, for renters looking for a quieter area, rentals along the Detroit River provide a getaway from the downtown crowd, while also being close to everyday necessities.
In total, Downtown Detroit, Detroit, MI has 10,178 residents, 4,457 women and 5,721 men, per U.S. Census recent estimates. Statistics show that the median age of Downtown Detroit’s population is 34.
Downtown Detroit is a hub of activity and amenities for everyone. For instance, Grand Circus Park and the Detroit Riverwalk are the main outdoor areas where renters can enjoy nature, explore history through the monuments or participate in family-friendly activities. Otherwise, sports enthusiasts can support their team at Comerica Park and Ford Field stadiums, while the Detroit Opera House, Fox Theatre, the Fillmore Detroit, and Huntington Place are popular venues with live music and events. Or, for shoppers, there's the renowned Greektown Shopping Center and Main Street, both of which offer a variety of stores suited to any budget. And, for grocery shopping, renters can go to Whole Foods Market, City Market, local shops, eateries, and convenience stores. Of course, restaurants abound around the rentals, too, with eateries ranging from traditional fast food establishments to five-star dining experiences.
There is a total of 5,666 households in Downtown Detroit, Detroit, MI. Of these, 386 have children and 5,280 are without children. Per Census Bureau’s most current estimates, 1,152 family households and 4,514 non-family households live in this area. The size of a household in Downtown Detroit is 1.56 people, on average. The median household annual income in Downtown Detroit equals $56,470, and the monthly housing costs equal $1,234.
Downtown Detroit has a well-maintained network of roads connecting its districts, while interstates 75 and 375 and U.S. Highway 12 connect renters to surrounding cities and Canada. However, these roads can get congested during peak hours, so bike and pedestrian facilities provide a quicker way of getting around the neighborhood. Parking is also ample in the area, so renters will have no problem finding a spot to park their vehicles. Alternatively, renters relying on public transportation have several options: The quickest way to get around downtown Detroit is the QLine streetcar and the Detroit People Mover monorail system, both running through downtown. Additionally, the Detroit Department of Transportation (DDOT) operates public buses throughout the city. Finally, ridesharing options like, Uber and Lyft, are also popular choices for getting around, while air travel is possible through Detroit Metropolitan Wayne County Airport, which can be accessed through both private and public transportation options.
According to data from the U.S. Census Bureau, 3% of the population in Downtown Detroit, Detroit, MI have no high school education, 25% went to high-school, and 22% have partially completed college. Moreover, 4% of the population hold an Associate Degree, 25% hold a Bachelor Degree, and 20% hold a Graduate Degree.
RentCafe is your one-stop shop for finding a great new apartment in Downtown Detroit, Detroit, MI. Easily search through a wide selection of apartments for rent in Downtown Detroit, Detroit, MI, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Downtown Detroit, Detroit, MI apartments with rents starting from $1,000 and submit your rental application today!
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