Cheap Apartments for Rent in the Lafayette Park Neighborhood of Detroit, MI from $400 (72 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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28Grand
$1,070 - $1,390
Total Monthly Price

Total Monthly Price

Base Rent
$1,070 - $1,390
Total Monthly Price
$1,070 - $1,390
Studio Apartments Available Jul 15

28Grand

28 W Grand River AveDetroit, MI 48226
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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 Stott
$1,535
Total Monthly Price

Total Monthly Price

Base Rent
$1,535
Total Monthly Price
$1,535
Studio to 3 Bedroom Apartments Available Jul 18

The Stott

1150 Griswold StDetroit, MI 48226
Family Friendly
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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35W
$1,900 - $1,930
Total Monthly Price

Total Monthly Price

Base Rent
$1,900 - $1,930
Total Monthly Price
$1,900 - $1,930
1 to 2 Bedroom Apartments Available Now

35W

35 W Grand River AveDetroit, MI 48226
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Book Tower
$1,910 - $5,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,910 - $5,650
Total Monthly Price
$1,910 - $5,650
Studio to 2 Bedroom Apartments Available Now

Book Tower

1265 Washington BlvdDetroit, MI 48226
Corporate Housing
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The Ferguson
$1,925 - $1,935
Total Monthly Price

Total Monthly Price

Base Rent
$1,925 - $1,935
Total Monthly Price
$1,925 - $1,935
Studio to 1 Bedroom Apartments Available Now

The Ferguson

1448 Woodward AveDetroit, MI 48226
Transit Friendly
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Noel Village
1 to 3 Bedroom Apartments

Noel Village

2158 Chene StDetroit, MI 48207
  • Utilities Included

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

Looking for an apartment near Detroit? Our local expert guides you through 12 of Metro Detroit's best communities across four distinct corridors to help you find the perfect fit.

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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 Studio unit found at New Cadillac Square Apartments priced from $795. Regency Tower has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Lafayette Park apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Regency TowerStudio BStudio,1BA$799
Lafayette TowersHartStudio,1BA$824
Pasadena ApartmentsST/1BStudio,1BA$849
The PalmsStudio A3Studio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900
The AmoThe PeterboroStudio,1BA$900
Briggs HouzeStudioStudio,1BA$975
Brush WatsonStudioStudio,1BA$1,008
City Club Apartments Lafayette ParkA1BR,1BA$1,020

Best Value Apartments for Rent in Lafayette Park, MI

As of June 12, 2026 the best value apartment in the Lafayette Park area is the $1.73 price per square foot C3PH - Penthouse Model at The Millie on Brush in the in the Necklace District neighborhood starting from $2,445. The second greatest value Lafayette Park apartment is the Brownstone - 2/2 Model at River Place starting at $1,800 with a $1.41 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.
The Millie on BrushC3PH - Penthouse2BR,2BA$1.73
River PlaceBrownstone - 2/22BR,2BA$1.41
E & B Brewery LoftsStudioStudio ,1BA$1.10
Jean RivardThe Quarter1BR,1BA$1.27
The Kales Building1 Bedroom, 1 Bathroom1BR,1BA$1.81
Palms EastBalcony1BR,1BA$1.69
Central Park1 Bedroom 1 Bathroom1BR,1BA$1.73
Lafayette Park Place - Detroit, MIStudioStudio ,1BA$1.69
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Pasadena ApartmentsST/1BStudio ,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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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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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
Lafayette Park, Detroit, MI

Ranked #19

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 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 $1,020.

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

The cheapest apartment in Lafayette Park is New Cadillac Square Apartments which is listed at $935, while the average apartment in Lafayette Park costs $3,475.

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 31 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

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

decorative image for A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent article

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 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.

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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.

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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.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.