Cheap Apartments for Rent in the Elmwood Neighborhood of Detroit, MI from $635 (39 Rentals)

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

Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide

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Noel Village
1 to 3 Bedroom Apartments

Noel Village

2158 Chene StDetroit, MI 48207
  • Utilities Included

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Explore the best residential neighborhoods and apartment options near major employers like GM, Ford, Stellantis, Rocket Companies, and Corewell Health. Find your perfect Motor City home.

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Chene Park Commons
1 to 2 Bedroom Apartments

Chene Park Commons

2001 Chene StDetroit, MI 48207
  • Utilities Included
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El Tovar Apartments
Studio to 2 Bedroom Apartments

El Tovar Apartments

320 E Grand BlvdDetroit, MI 48207
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Elmwood Tower
1 Bedroom Apartments

Elmwood Tower

1325 Chene StDetroit, MI 48207
Senior Living

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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Regency Place
1 to 2 Bedroom Apartments

Regency Place

1941 Chene CtDetroit, MI 48207
  • Utilities Included
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Circle Drive Commons
2 to 3 Bedroom Apartments

Circle Drive Commons

1440 Robert Bradby DrDetroit, MI 48207
  • Utilities Included
Showing Results 1-39, Page 1 of 1

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 Parkview Senior Apartments priced from $734. Pasadena Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $849. Here are the most affordable Elmwood apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Parkview Senior ApartmentsStudioStudio, 1BA$734
Pasadena ApartmentsST/1BStudio, 1BA$849
City Place DetroitStudio ApartmentStudio, 1BA$900
The Hive on RussellStudio, 1 bathStudio, 1BA$905
Lafayette TowersFillmoreStudio, 1BA$911
The PavilionLafayetteStudio, 1BA$928
The PalmsStudio A13Studio, 1BA$955
City Club Apartments Lafayette ParkA3 Aff1BR, 1BA$1,045
Central Park1 Bedroom 1 Bathroom1BR, 1BA$1,125
Palms EastOne Bedroom Garden1BR, 1BA$1,200

Best Value Apartments for Rent in Elmwood, MI

As of September 16, 2026 the best value apartment in the Elmwood area is the $1.45 price per square foot Brownstone - 2/2 Model at River Place in the Downtown Detroit neighborhood starting from $1,850. The second greatest value Elmwood apartment is the Studio Model at E & B Brewery Lofts in the Necklace District neighborhood starting at $1,295 with a $1.10 price per square foot. 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.
River PlaceBrownstone - 2/22BR, 2BA$1.45
E & B Brewery LoftsStudioStudio, 1BA$1.10
The PavilionDiamond Jefferson2BR, 1BA$1.85
Lafayette Park Place - Detroit, MIOne Bedroom1BR, 1BA$1.59
Palms EastOne Bedroom Balcony1BR, 1BA$1.69
Central Park1 Bedroom 1 Bathroom1BR, 1BA$1.73
Lafayette TowersFillmoreStudio, 1BA$1.60
City Club Apartments Lafayette ParkA31BR, 1BA$1.96
Pasadena ApartmentsST/1BStudio, 1BA$1.70
Parkview Senior ApartmentsStudioStudio, 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.

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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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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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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.

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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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Pet Friendly Lifestyle
Elmwood, Detroit, MI

Ranked #43

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

Pet Friendliness Lifestyle Score

3.5
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.

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 $1,200.

What is the price of a cheap apartment in Elmwood?

The cheapest apartment in Elmwood is Parkview Senior Apartments which is listed at $786, while the average apartment in Elmwood costs $1,427.

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 4 regular apartments in Elmwood 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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Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Metro Detroit. As covered in other articles, the City of Detroit has much to offer to renters.

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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.

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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.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.