Cheap Apartments for Rent in the Elmwood Eastern Market Lafayette Park Neighborhood of Detroit, MI from $445 (43 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Elmwood Eastern Market Lafayette Park area of Detroit.

Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide

Looking for an apartment near Detroit? Our local expert guides you through 12 of Metro Detroit's best communities across four distinct corridors to help you find the perfect fit.

Read Article

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Explore the best residential neighborhoods and apartment options near major employers like GM, Ford, Stellantis, Rocket Companies, and Corewell Health. Find your perfect Motor City home.

Read Article
close
View Me
The Stott
$1,535 - $7,290
Total Monthly Price

Total Monthly Price

Base Rent
$1,535 - $7,290
Total Monthly Price
$1,535 - $7,290
Studio to 3 Bedroom Apartments Available Now

The Stott

1150 Griswold StDetroit, MI 48226
Family Friendly
  • Verified
  • 3D Tour
close
View Me
The Ferguson
$1,845 - $2,165
Total Monthly Price

Total Monthly Price

Base Rent
$1,845 - $2,165
Total Monthly Price
$1,845 - $2,165
Studio to 1 Bedroom Apartments Available Aug 31

The Ferguson

1448 Woodward AveDetroit, MI 48226
Transit Friendly
  • Verified
  • 3D Tour
close
View Me
Noel Village
1 to 3 Bedroom Apartments

Noel Village

2158 Chene StDetroit, MI 48207
  • Utilities Included

The Detroit Insiders Renting Guide: A Local's Look Under the Hood

Moving to Detroit? Get the local breakdown on affordable rental options, easy commutes, and how to navigate the People Mover and Q-Line downtown.

Read Article
close
View Me
Chene Park Commons
1 to 2 Bedroom Apartments

Chene Park Commons

2001 Chene StDetroit, MI 48207
  • Utilities Included
close
View Me
Elmwood Tower
1 Bedroom Apartments

Elmwood Tower

1325 Chene StDetroit, MI 48207
Senior Living
close
View Me
Regency Place
1 to 2 Bedroom Apartments

Regency Place

1941 Chene CtDetroit, MI 48207
  • Utilities Included
close
View Me
Circle Drive Commons
2 to 3 Bedroom Apartments

Circle Drive Commons

1440 Robert Bradby DrDetroit, MI 48207
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
close
View Me
Security Trust Lofts
Studio to 2 Bedroom Apartments

Security Trust Lofts

735 Griswold StDetroit, MI 48226
  • Utilities Included
Showing Results 1-43, Page 1 of 1

Elmwood Eastern Market Lafayette Park, Detroit, MI Local Guide

Cheapest Available Elmwood Eastern Market Lafayette Park Apartments for Rent

 

The cheapest available apartment rental in the Elmwood Eastern Market Lafayette Park area of Detroit, MI is a Studio unit found at Parkview Senior Apartments priced from $734. New Cadillac Square Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Elmwood Eastern Market Lafayette Park apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Parkview Senior ApartmentsStudioStudio,1BA$734
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Regency TowerStudio BStudio,1BA$799
Pasadena ApartmentsST/1BStudio,1BA$849
City Place DetroitStudio ApartmentStudio,1BA$900
The Hive on RussellStudio, 1 bathStudio,1BA$905
The PavilionLafayetteStudio,1BA$928
City Club Apartments Lafayette ParkA2 Aff1BR,1BA$1,045
The Palms1 Bedroom 1 Bath B21BR,1BA$1,195
Palms EastGarden 1 Bedroom1BR,1BA$1,200

Best Value Apartments for Rent in Elmwood Eastern Market Lafayette Park, MI

As of August 24, 2026 the best value apartment in the Elmwood Eastern Market Lafayette Park area is the $1.39 price per square foot Cadillac Model at Lafayette Towers in the in the Necklace District neighborhood starting from $3,000. The second greatest value Elmwood Eastern Market Lafayette Park apartment is the Brownstone - 2/2 Model at River Place starting at $1,800 with a $1.41 price per square foot in the Downtown Detroit neighborhood. Here is today’s list of the best values for Elmwood Eastern Market Lafayette Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lafayette TowersCadillac3BR,2BA$1.39
River PlaceBrownstone - 2/22BR,2BA$1.41
E & B Brewery LoftsStudioStudio ,1BA$1.10
743 Beaubien St, Unit 303743 Beaubien St1BR,1BA$1.40
The Millie on BrushA2PH - Penthouse1BR,1BA$1.83
Lafayette Park Place - Detroit, MIOne Bedroom1BR,1BA$1.59
Palms EastBalcony1BR,1BA$1.69
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Pasadena ApartmentsST/1BStudio ,1BA$1.70
Parkview Senior ApartmentsStudioStudio ,1BA$1.70

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Detroit area for Off-Campus Student Housing. Find your perfect Detroit Student apartment, condo, or rental home today at ApartmentHomeliving.com

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Elmwood Eastern Market Lafayette Park, Detroit, MI

Ranked #30

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

Our team of engineers and researchers works hard to bring you Lifestyle Ratings of neighborhoods, areas, and rental properties across Michigan including Elmwood Eastern Market Lafayette Park, Detroit, and the greater Detroit area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, family-friendly amenities, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Elmwood Eastern Market Lafayette Park Apartments

What is a cheap apartment in Elmwood Eastern Market Lafayette Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elmwood Eastern Market Lafayette Park is under $1,200.

What is the price of a cheap apartment in Elmwood Eastern Market Lafayette Park?

The cheapest apartment in Elmwood Eastern Market Lafayette Park is Parkview Senior Apartments which is listed at $786, while the average apartment in Elmwood Eastern Market Lafayette Park costs $1,547.

What types of apartments are the cheapest in Elmwood Eastern Market Lafayette Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 14 regular apartments in Elmwood Eastern Market Lafayette Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

decorative image for Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide article

Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Metro Detroit. As covered in other articles, the City of Detroit has much to offer to renters.

decorative image for Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers article

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Written by: Tim Brown

The auto industry remains the largest employment sector in the Motor City and surrounding communities, though the metro area has a significant presence in other sectors, including medical and financial services.

decorative image for The Detroit Insider's Renting Guide: A Locals Look Under the Hood of Motown article

The Detroit Insider's Renting Guide: A Locals Look Under the Hood of Motown

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s and have witnessed the city and its surrounding metro area undergo a renaissance.

decorative image for The Best Detroit Area Neighborhoods for Off-Campus Housing Renters article

The Best Detroit Area Neighborhoods for Off-Campus Housing Renters

Written by: Tim Brown

Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.