1565 Cherboneau Pl
DetroitMI48207
Cheap Homes for Rent in Lafayette Park Neighborhood of Detroit, MI from $1,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Lafayette Park area of Detroit.
1545 Cherboneau Pl, Unit 41, Unit 41
1545 Cherboneau Pl
DetroitMI48207
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.
2900 E Jefferson Ave
DetroitMI48207
2900 E Jefferson Ave
DetroitMI48207
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.
1515 Cherboneau Pl
DetroitMI48207
Showing Results 1-5, Page 1 of 1
Lafayette Park, Detroit, MI Local Guide
How much does it cost to rent a home in Lafayette Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lafayette Park 2 Bedroom Homes for Rent | $2,925 | $1,500 | $4,250 |
| Lafayette Park 3 Bedroom Homes for Rent | $3,250 | $3,250 | $3,250 |
| Lafayette Park 4 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 1 mile radius of the Lafayette Park Neighborhood of Detroit, MI.
Explore Detroit
Lafayette Park, Detroit, MI Local Guide
- Nearby Detroit neighborhoods
- Nearby Cities
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Friendship Meadows LDHA | 1 Bedroom | 1BR,1BA | $445 |
| New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
| Regency Tower | Studio B | Studio,1BA | $799 |
Best Value Apartments for Rent in Lafayette Park, MI
As of May 02, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| River Place | Rooftop - 3/2 | 3BR,2BA | $1.56 |
| E & B Brewery Lofts | Studio | Studio ,1BA | $1.10 |
| 743 Beaubien St, Unit 303 | 743 Beaubien St | 1BR,1BA | $1.40 |
| Jean Rivard | The Quarter | 1BR,1BA | $1.27 |
| Lafayette Towers | Guardian | 1BR,1BA | $1.48 |
| Friendship Meadows LDHA | 2 Bedroom | 2BR,1BA | $1.37 |
| Palms East | Balcony | 1BR,1BA | $1.69 |
| Lafayette Park Place - Detroit, MI | Studio | Studio ,1BA | $1.69 |
| New Cadillac Square Apartments | One Bedroom / One Bathroom ($935) | 1BR,1BA | $1.56 |
| Pasadena Investments LLC | ST/1B | Studio ,1BA | $1.60 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article
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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleThe 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
Read ArticleQuick 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.
Let everyone know!
Do you know the Lafayette Park area?
If you’re an expert on all things Lafayette Park, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleLafayette Park, Detroit, MI
Ranked #16
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Lafayette Park
What type of rentals are currently available in Lafayette Park?
There are currently 138 Apartments for Rent in Lafayette Park, MI with pricing that ranges from $445 to $11,481. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette Park ranging from $1,100 to $4,250.
What is the current price range for Rental Homes in Lafayette Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lafayette Park ranges from $1,100 to $4,250 with an average monthly rent of $2,543.
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
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 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.
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.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.
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.
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.