Cheap Homes for Rent in Elmwood Eastern Market Lafayette Park Neighborhood of Detroit, MI from $1,200 (14 Rentals)

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

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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.

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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 New Cadillac Square Apartments priced from $795. Pasadena Investments LLC has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Elmwood Eastern Market Lafayette Park apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Pasadena Investments LLCST/1BStudio,1BA$800
Manchester ApartmentsStudio 1 BathroomStudio,1BA$845
Regency TowersStudio BStudio,1BA$850
City Place DetroitStudio ApartmentStudio,1BA$900

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

As of September 04, 2025 the best value apartment in the Elmwood Eastern Market Lafayette Park area is the $1.68 price per square foot Rooftop - 3/2 Model at River Place in the in the Downtown Detroit neighborhood starting from $2,100. The second greatest value Elmwood Eastern Market Lafayette Park apartment is the 743 Beaubien St Model at 743 Beaubien St, Unit 303 starting at $1,485 with a $1.35 price per square foot in the Necklace District 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.
River PlaceRooftop - 3/23BR,2BA$1.68
743 Beaubien St, Unit 303743 Beaubien St1BR,1BA$1.35
Lafayette Park Place - Detroit, MIOne Bedroom1BR,1BA$1.47
Lafayette TowersGuardian1BR,1BA$1.48
Friendship Meadows LDHA2 Bedroom2BR,1BA$1.37
Palms EastBalcony1BR,1BA$1.69
Central ParkOne Bedroom1BR,1BA$1.73
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Pasadena Investments LLCST/1BStudio ,1BA$1.60
Manchester ApartmentsStudio 1 BathroomStudio ,1BA$1.69

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

Ranked #29

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Elmwood Eastern Market Lafayette Park

What type of rentals are currently available in Elmwood Eastern Market Lafayette Park?

There are currently 89 Apartments for Rent in Elmwood Eastern Market Lafayette Park, MI with pricing that ranges from $445 to $7,820. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elmwood Eastern Market Lafayette Park ranging from $1,200 to $2,750.

What is the current price range for Rental Homes in Elmwood Eastern Market Lafayette Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Elmwood Eastern Market Lafayette Park ranges from $1,200 to $2,750 with an average monthly rent of $2,077.

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.

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.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.