Cheap Apartments for Rent in Lathrup Village, MI from $700 (61 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lathrup Village.

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

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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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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Lincoln Woods
2 Bedroom Apartments

Lincoln Woods

14801-14821 Lincoln StOak Park, MI 48237
  • Utilities Included

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.

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Lathrup Village, MI Local Guide

Cheapest Neighborhoods for Apartments in Lathrup Village, MI

Pricing Updated: 05/12/2026

Current apartment rentals in the Lathrup Village, MI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Lathrup Village Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Lathrup Village$2,207$750192

Cheapest Available Lathrup Village Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lathrup Village, MI is a Studio unit found at Lincoln Towers Apartments in the Ridgewood Estates neighborhood priced from $750. Highland Towers - Senior Living 55+ in the West Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $868. Here is today’s list of the most affordable Lathrup Village apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lincoln Towers ApartmentsStudioStudio,1BA$750
Highland Towers - Senior Living 55+One Bedroom1BR,1BA$868
The Alcove SouthfieldS1Studio,1BA$945
Country Court1 Bed 1 Bath1BR,1BA$950
Altitude Apartments East1 Bed / 1 Bath1BR,1BA$950
North Park TowersStudio with W/D [S 1,2,3]Studio,1BA$959
The Reserve of Southfield1x1 Classic1BR,1BA$995
PhilamerOne Bed1BR,1BA$1,000
EVERGREEN PLACE APARTMENTSPARKING LOT VIEW1BR,1BA$1,000
The OxleyMid-Rise 2 Bedroom2BR,2BA$1,025

Best Value Apartments for Rent in Lathrup Village, MI and Nearby

As of May 12, 2026 the best value apartment in the Lathrup Village area is the $1.14 price per square foot The Legend Model at Legacy Place Apartments - Southfield, MI in the in the Pembroke neighborhood starting from $1,819. The second greatest value Lathrup Village apartment is the Garden 2 Bedroom Model at The Oxley starting at $1,319 with a $0.91 price per square foot in the Pembroke neighborhood. Here is today’s list of the best values for Lathrup Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Legacy Place Apartments - Southfield, MIThe Legend2BR,2BA$1.14
The OxleyGarden 2 Bedroom2BR,2BA$0.91
Chateau RivieraHudson 2 Bedroom 2 Bath2BR,2BA$1.08
Corner Place ApartmentsTwo Bedroom/Two Bath2BR,2BA$1.29
Carlyle Tower Apartments - Southfield, MI2 Bed | 2 Bath 1,174 sq. ft.2BR,2BA$1.19
The Crossroads At Southfield ApartmentsAndrew1BR,1BA$1.18
Cambridge SquareOne Bedroom1BR,1BA$1.27
Parkview ApartmentsOne Bedroom1BR,1BA$1.17
Country Court1 Bed 1 Bath1BR,1BA$1.08
Meadowcrest Senior Apartments2 Bedroom2BR,1BA$1.27

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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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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Frequently Asked Questions about Cheap Lathrup Village Apartments

What is a cheap apartment in Lathrup Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lathrup Village is under $1,025.

What is the price of a cheap apartment in Lathrup Village?

The cheapest apartment in Lathrup Village is Highland Towers - Senior Living 55+ which is listed at $868, while the average apartment in Lathrup Village costs $2,207.

What types of apartments are the cheapest in Lathrup Village?

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 6 regular apartments in Lathrup Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lathrup Village?

Cheap apartments in Lathrup Village have an average cost of $776 which is $1,431 cheaper than the average rent for all rentals in Lathrup Village.

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.

Articles, How-To's, and Tips

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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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.