1565 Cherboneau Pl
DetroitMI48207
Cheap Homes for Rent in Elmwood Neighborhood of Detroit, MI from $1,200 (3 Rentals)
Search the lowest-cost Homes 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.
534 St Maron Pl
DetroitMI48207
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
3320 Spinnaker Ln
DetroitMI48207
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Elmwood, Detroit, MI Local Guide
How much does it cost to rent a home in Elmwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elmwood 2 Bedroom Homes for Rent | $2,083 | $1,500 | $2,600 |
| Elmwood 4 Bedroom Homes for Rent | $2,500 | $2,200 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 1 mile radius of the Elmwood Neighborhood of Detroit, MI.
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Elmwood, Detroit, MI Local Guide
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Best Value Apartments for Rent in Elmwood, MI
As of May 29, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Guoin Street Lofts | Single | 1BR,1BA | $0.96 |
| River Place | Rooftop - 3/2 | 3BR,2BA | $1.68 |
| 743 Beaubien St, Unit 303 | 743 Beaubien St | Studio ,1BA | $1.35 |
| El Tovar Apartments | 2 bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| Lafayette Park Place - Detroit, MI | One Bedroom | 1BR,1BA | $1.47 |
| Lafayette Towers | Fisher | 1BR,1BA | $1.48 |
| Palms East | Balcony | 1BR,1BA | $1.62 |
| Manchester Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.71 |
| Elmwood Tower | One Bedroom | 1BR,1BA | $1.82 |
| Pasadena Investments LLC | ST/1B | Studio ,1BA | $1.60 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Elmwood
What type of rentals are currently available in Elmwood?
There are currently 75 Apartments for Rent in Elmwood, MI with pricing that ranges from $645 to $3,509. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elmwood ranging from $1,200 to $2,800.
What is the current price range for Rental Homes in Elmwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elmwood ranges from $1,200 to $2,800 with an average monthly rent of $2,080.
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.
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.
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.
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.
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.