Cheap Apartments for Rent in the Elmwood 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 area of Detroit.

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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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
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Palms Apartments
2 Bedroom Apartments

Palms Apartments

1001 E Jefferson AveDetroit, MI 48207
  • Utilities Included

Check Out Detroit’s Best Affordable Neighborhoods

Learn about Detroit and the best places to live with original content written by our Local Expert Tim Brown

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Elmwood, Detroit, MI Local Guide

Cheapest Available Elmwood Apartments for Rent

 

The cheapest available apartment rental in the Elmwood area of Detroit, MI is a Studio unit found at El Tovar Apartments priced from $645. Pasadena Investments LLC has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Elmwood apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
El Tovar ApartmentsStudioStudio,1BA$645
Pasadena Investments LLCST/1BStudio,1BA$800
Regency TowersStudio AStudio,1BA$840
Manchester ApartmentsStudio 1 BathroomStudio,1BA$845
City Place DetroitStudio ApartmentStudio,1BA$900

Best Value Apartments for Rent in Elmwood, MI

As of May 30, 2025 the best value apartment in the Elmwood 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 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 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
Lafayette TowersFisher1BR,1BA$1.48
Palms EastBalcony1BR,1BA$1.62
Central ParkOne Bedroom1BR,1BA$1.73
Elmwood TowerOne Bedroom1BR,1BA$1.82
Manchester Apartments1 Bedroom 1 Bathroom1BR,1BA$1.71
Pasadena Investments LLCST/1BStudio ,1BA$1.60

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Elmwood, Detroit, MI

Ranked #39

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

This website is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Elmwood, Detroit, and the greater Detroit area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, pet-friendly features, family-friendliness, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Getting Around the Elmwood Neighborhood in Detroit, MI

Walk Score®

69 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

81 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

52 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Elmwood Apartments

What is a cheap apartment in Elmwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elmwood is under $1,125.

What is the price of a cheap apartment in Elmwood?

The cheapest apartment in Elmwood is Pasadena Investments LLC which is listed at $900, while the average apartment in Elmwood costs $2,350.

What types of apartments are the cheapest in Elmwood?

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 that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Elmwood?

Cheap apartments in Elmwood have an average cost of $141 which is $2,209 cheaper than the average rent for all rentals in Elmwood.

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

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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.