Cheap Apartments for Rent in the Elmwood Eastern Market Lafayette Park Neighborhood of Detroit, MI from $400 (34 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
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.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article
close
View Me
Noel Village
1 to 3 Bedroom Apartments

Noel Village

2158 Chene StDetroit, MI 48207
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
Showing Results 1-34, 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 1 Bed unit found at Friendship Meadows Senior LDHA priced from $445. 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
Friendship Meadows Senior LDHA1 Bedroom1BR,1BA$445
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Pasadena ApartmentsST/1BStudio,1BA$849
City Place DetroitStudio ApartmentStudio,1BA$900
Parkview Senior ApartmentsStudioStudio,1BA$919
The PavilionAntietamStudio,1BA$1,000
City Club Apartments Lafayette ParkA4 Aff1BR,1BA$1,045
Central Park1 Bedroom 1 Bathroom1BR,1BA$1,125
The AshleyThe Theodore1BR,1BA$1,150
River PlaceApartment - 1/11BR,1BA$1,200

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

As of July 09, 2026 the best value apartment in the Elmwood Eastern Market Lafayette Park area is the $1.73 price per square foot C3PH - Penthouse Model at The Millie on Brush in the in the Necklace District neighborhood starting from $2,445. 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.
The Millie on BrushC3PH - Penthouse2BR,2BA$1.73
River PlaceBrownstone - 2/22BR,2BA$1.41
E & B Brewery LoftsStudioStudio ,1BA$1.10
DuCharme Place ApartmentsC22BR,2BA$2.02
Friendship Meadows Senior LDHA2 Bedroom2BR,1BA$1.37
Palms EastBalcony1BR,1BA$1.69
Central Park1 Bedroom 1 Bathroom1BR,1BA$1.73
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
City Club Apartments Lafayette ParkA31BR,1BA$1.96
Pasadena ApartmentsST/1BStudio ,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 #33

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 Friendship Meadows Senior LDHA which is listed at $445, while the average apartment in Elmwood Eastern Market Lafayette Park costs $2,900.

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 27 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 A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent article

A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent

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.

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.

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 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.

Articles, How-To's, and Tips

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.