Cheap Apartments for Rent in the Elmwood Eastern Market Lafayette Park Neighborhood of Detroit, MI from $400 (33 Rentals)

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

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Noel Village
1 to 3 Bedroom Apartments

Noel Village

2158 Chene StDetroit, MI 48207
  • Utilities Included
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Regency Place
1 to 2 Bedroom Apartments

Regency Place

1941 Chene CtDetroit, MI 48207
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Palms Apartments
2 Bedroom Apartments

Palms Apartments

1001 E Jefferson AveDetroit, MI 48207
  • Utilities Included
Showing Results 1-33, 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 55+ Friendship Meadows (Senior Housing) priced from $479. 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
55+ Friendship Meadows (Senior Housing)1x11BR,1BA$479
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Pasadena Investments LLCST/1BStudio,1BA$800
Regency TowersStudio AStudio,1BA$840
Manchester ApartmentsStudio 1 BathroomStudio,1BA$845
City Place DetroitStudio ApartmentStudio,1BA$900
Lafayette TowersFillmoreStudio,1BA$911
City Club Apartments Lafayette ParkA4 Aff1BR,1BA$965
Elmwood TowerOne Bedroom1BR,1BA$1,094
Central ParkOne Bedroom1BR,1BA$1,125

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

As of June 08, 2025 the best value apartment in the Elmwood Eastern Market Lafayette Park area is the $0.96 price per square foot Single Model at Guoin Street Lofts in the in the Downtown Detroit neighborhood starting from $1,450. The second greatest value Elmwood Eastern Market Lafayette Park apartment is the Rooftop - 3/2 Model at River Place starting at $2,100 with a $1.68 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.
Guoin Street LoftsSingle1BR,1BA$0.96
River PlaceRooftop - 3/23BR,2BA$1.68
743 Beaubien St, Unit 303743 Beaubien StStudio ,1BA$1.35
Lafayette Park Place - Detroit, MIOne Bedroom1BR,1BA$1.47
55+ Friendship Meadows (Senior Housing)2x12BR,1BA$1.45
Palms EastBalcony1BR,1BA$1.69
Manchester Apartments1 Bedroom 1 Bathroom1BR,1BA$1.71
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Lafayette TowersFillmoreStudio ,1BA$1.60
Pasadena Investments LLCST/1BStudio ,1BA$1.60

Quick Rent Budget Calculator

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

Ranked #22

Among neighborhoods in Detroit, MI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 the Cheapest Studio apartment in Elmwood Eastern Market Lafayette Park?

Currently the most affordable Cheap Studio Apartment in Elmwood Eastern Market Lafayette Park is at New Cadillac Square Apartments listed at $795.

How much is rent for a Cheap One Bedroom Elmwood Eastern Market Lafayette Park Apartment?

The lowest price for a Cheap One Bedroom Elmwood Eastern Market Lafayette Park Apartment is $479 at 55+ Friendship Meadows (Senior Housing).

What is the lowest price for a Cheap Two Bedroom Elmwood Eastern Market Lafayette Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elmwood Eastern Market Lafayette Park is starting from $1,010 at Pasadena Investments LLC.

What is the most affordable Elmwood Eastern Market Lafayette Park Three Bedroom Apartment?

The best deal on a cheap Elmwood Eastern Market Lafayette Park Three Bedroom Apartment rental is at River Place and starts from $2,100.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.