Cheap Apartments for Rent in the Elmwood Park Neighborhood of Detroit, MI from $600 (25 Rentals)

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

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.

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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.

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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.

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Noel Village
1 to 3 Bedroom Apartments

Noel Village

2158 Chene StDetroit, MI 48207
  • Utilities Included
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Elmwood Tower
1 Bedroom Apartments

Elmwood Tower

1325 Chene StDetroit, MI 48207
Senior Living

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Regency Place
1 to 2 Bedroom Apartments

Regency Place

1941 Chene CtDetroit, MI 48207
  • Utilities Included
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Elmwood Park, Detroit, MI Local Guide

Cheapest Available Elmwood Park Apartments for Rent

 

The cheapest available apartment rental in the Elmwood Park area of Detroit, MI is a Studio unit found at Regency Towers priced from $799. Pasadena Investments LLC has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Elmwood Park apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Regency TowersStudio BStudio,1BA$799
Pasadena Investments LLCST/1BStudio,1BA$800
El Tovar Apartments1 bedroom 1 Bathroom1BR,1BA$875
PalmsStudio A3Studio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900

Best Value Apartments for Rent in Elmwood Park, MI

As of January 24, 2026 the best value apartment in the Elmwood 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 Park apartment is the 743 Beaubien St Model at 743 Beaubien St, Unit 303 starting at $1,545 with a $1.40 price per square foot in the Necklace District neighborhood. Here is today’s list of the best values for Elmwood 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$1.40
Lafayette Park Place - Detroit, MITwo Bedroom Apartment2BR,1BA$1.57
Chene Park Commons2 Bedroom2BR,1BA$1.13
Jean RivardThe Ottowa1BR,1BA$1.42
Lafayette TowersCobo1BR,1BA$1.43
Palms EastBalcony1BR,1BA$1.69
El Tovar Apartments1 bedroom 1 Bathroom1BR,1BA$1.34
City Club Apartments Lafayette ParkA31BR,1BA$1.96
Pasadena Investments LLCST/1BStudio ,1BA$1.60

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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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

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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.

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Lifestyle Ratings

ApartmentHomeLiving.com is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Michigan and customized analysis for Central Detroit, MI. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Elmwood Park Apartments

What is a cheap apartment in Elmwood Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elmwood Park is under $1,100.

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

The cheapest apartment in Elmwood Park is Pasadena Investments LLC which is listed at $849, while the average apartment in Elmwood Park costs $2,600.

What types of apartments are the cheapest in Elmwood 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 15 regular apartments in Elmwood 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

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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 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.

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The Detroit Insiders 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.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.