Cheap Apartments for Rent in the Lafayette Park Neighborhood of Detroit, MI from $400 (52 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 2900 E Jefferson Ave

$1,500 - $1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $1,650
Total Monthly Price
$1,500 - $1,650

1 Bedroom, 1 Bath Condo for Rent

Available Now

2900 E Jefferson Ave

DetroitMI48207
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Noel Village
1 to 3 Bedroom Apartments

Noel Village

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

Elmwood Tower

1325 Chene StDetroit, MI 48207
Senior Living
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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

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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Showing Results 1-50, Page 1 of 2

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 Friendship Meadows LDHA priced from $445. 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
Friendship Meadows LDHA1 Bedroom1BR,1BA$445
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Regency TowerStudio BStudio,1BA$799
Pasadena Investments LLCST/1B1BR,1BA$800
PalmsStudio A3Studio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900
Parkview Senior ApartmentsStudioStudio,1BA$919
Briggs HouzeStudioStudio,1BA$999
Brush WatsonStudioStudio,1BA$1,008
City Club Apartments Lafayette ParkA1BR,1BA$1,020

Best Value Apartments for Rent in Lafayette Park, MI

As of April 28, 2026 the best value apartment in the Lafayette Park area is the $1.56 price per square foot Rooftop - 3/2 Model at River Place in the in the Downtown Detroit neighborhood starting from $1,950. The second greatest value Lafayette Park apartment is the Studio Model at E & B Brewery Lofts starting at $1,295 with a $1.10 price per square foot in the Necklace District 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.
River PlaceRooftop - 3/23BR,2BA$1.56
E & B Brewery LoftsStudioStudio ,1BA$1.10
743 Beaubien St, Unit 303743 Beaubien St1BR,1BA$1.40
Jean RivardThe Quarter1BR,1BA$1.27
Friendship Meadows LDHA2 Bedroom2BR,1BA$1.37
Lafayette TowersFisher1BR,1BA$1.48
Palms EastBalcony1BR,1BA$1.69
Lafayette Park Place - Detroit, MIStudioStudio ,1BA$1.69
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Pasadena Investments LLCST/1BStudio ,1BA$1.60

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Pet Friendly Lifestyle
Lafayette Park, Detroit, MI

Ranked #18

Among cities in Michigan 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.

Frequently Asked Questions about Cheap Lafayette Park Apartments

What is the Cheapest Studio apartment in Lafayette Park?

Currently the most affordable Cheap Studio Apartment in Lafayette Park is at New Cadillac Square Apartments listed at $795.

How much is rent for a Cheap One Bedroom Lafayette Park Apartment?

The lowest price for a Cheap One Bedroom Lafayette Park Apartment is $445 at Friendship Meadows LDHA.

What is the lowest price for a Cheap Two Bedroom Lafayette Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lafayette Park is starting from $1,100 at Friendship Meadows LDHA.

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.

decorative image for The Best Detroit Area Neighborhoods for Off-Campus Housing Renters article

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.

decorative image for The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown article

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.

decorative image for Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers article

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.

Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.