Cheap Apartments for Rent in the Lafayette Park Neighborhood of Detroit, MI from $400 (46 Rentals)

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

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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

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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Broderick Tower
Studio to 2 Bedroom Apartments

Broderick Tower

10 Witherell StDetroit, MI 48226
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1001 E Jefferson Ave
2 Bedroom Apartments

1001 E Jefferson Ave

1001 E Jefferson AveDetroit, MI 48207
  • Utilities Included
Showing Results 1-46, Page 1 of 1

Lafayette Park, Detroit, MI Local Guide

Cheapest Available Lafayette Park Apartments for Rent

 

The cheapest available apartment rental in the Lafayette Park area of Detroit, MI is a 1 Bed unit found at 55+ Friendship Meadows (Senior Housing) priced from $479. New Cadillac Square Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Lafayette Park apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
55+ Friendship Meadows (Senior Housing)1x11BR,1BA$479
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Pasadena Investments LLCST/1BStudio,1BA$800
CBD Detroit ApartmentsStudio Affordable Program Nn-AFFStudio,1BA$825
Regency TowersStudio AStudio,1BA$850
The Fyfe ApartmentsS2 (Studio / One Bathroom Classic)Studio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900
Lafayette TowersFillmoreStudio,1BA$911
The PavilionLafayetteStudio,1BA$939
City Club Apartments Lafayette ParkA4 Aff1BR,1BA$965

Best Value Apartments for Rent in Lafayette Park, MI

As of June 23, 2025 the best value apartment in the Lafayette Park 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 Lafayette Park 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 Lafayette Park 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
The Claridge Apartments1bed/ 1bath1BR,1BA$1.36
Lafayette Park Place - Detroit, MIOne Bedroom1BR,1BA$1.47
55+ Friendship Meadows (Senior Housing)2x12BR,1BA$1.45
Central ParkOne Bedroom1BR,1BA$1.58
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Lafayette TowersFillmoreStudio ,1BA$1.60
Pasadena Investments LLCST/1BStudio ,1BA$1.60

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Pet Friendly Lifestyle
Lafayette Park, Detroit, MI

Ranked #18

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

ApartmentHomeLiving.com is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States, including Detroit. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best outdoor access, transit availability, pet-friendly communities, family-friendly amenities, and other valuable search options. These search options are in the site filters at the top of this page.

Getting Around the Lafayette Park Neighborhood in Detroit, MI

Walk Score®

87 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

69 / 100

Bikeable

Some bike infrastructure

Transit Score®

66 / 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 Lafayette Park Apartments

What is a cheap apartment in Lafayette Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lafayette Park is under $965.

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

The cheapest apartment in Lafayette Park is 55+ Friendship Meadows (Senior Housing) which is listed at $479, while the average apartment in Lafayette Park costs $3,295.

What types of apartments are the cheapest in Lafayette 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 7 regular apartments in Lafayette Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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

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.