
Cheap Apartments for Rent in the Elmwood Neighborhood of Detroit, MI from $600 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Elmwood area of Detroit.


Lafayette Towers

Parkview Senior Apartments

Regency Towers

Chene Park Commons

City Place Detroit

City Club Apartments Lafayette Park

El Tovar Apartments

The Pavilion
Check Out Detroit’s Best Affordable Neighborhoods
Learn about Detroit and the best places to live with original content written by our Detroit, MI Local Expert Tim Brown

Lafayette Park Place - Detroit, MI

Prince Hall

Central Park

3325 Gratiot Ave

641 McDougall
Elmwood, Detroit, MI Local Guide

How much does it cost to rent an apartment in Elmwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elmwood Studio Apartments | $1,049 | $800 | $1,847 |
Elmwood 1 Bedroom Apartments | $1,220 | $850 | $2,570 |
Elmwood 2 Bedroom Apartments | $1,932 | $1,040 | $3,759 |
Elmwood 3 Bedroom Apartments | $2,590 | $1,471 | $3,000 |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 1 mile radius of the Elmwood Neighborhood of Detroit, MI.
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Elmwood, Detroit, MI Local Guide
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Cheapest Available Elmwood Apartments for Rent
 The cheapest available apartment rental in the Elmwood area of Detroit, MI is a Studio unit found at Pasadena Investments LLC priced from $800. Lafayette Towers has the second lowest priced unit, which is a Studio apartment currently listed from $824. Here are the most affordable Elmwood apartments for rent in Detroit, MI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Pasadena Investments LLC | ST/1B | Studio,1BA | $800 |
Lafayette Towers | Hart | Studio,1BA | $824 |
Regency Towers | Studio A | Studio,1BA | $840 |
Manchester Apartments | Studio 1 Bathroom | Studio,1BA | $895 |
City Place Detroit | Studio Apartment | Studio,1BA | $900 |
Best Value Apartments for Rent in Elmwood, MI
As of March 25, 2025 the best value apartment in the Elmwood area is the $1.68 price per square foot Rooftop - 3/2 Model at River Place in the in the Downtown Detroit neighborhood starting from $2,100. The second greatest value Elmwood apartment is the 2 bedroom 1 Bathroom Model at El Tovar Apartments starting at $1,295 with a $1.36 price per square foot in the Downtown Detroit neighborhood. Here is today’s list of the best values for Elmwood apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
River Place | Rooftop - 3/2 | 3BR,2BA | $1.68 |
El Tovar Apartments | 2 bedroom 1 Bathroom | 2BR,1BA | $1.36 |
Palms East | 1 Bedroom w/Loft | 1BR,1.5BA | $1.60 |
Lafayette Park Place - Detroit, MI | One Bedroom | 1BR,1BA | $1.43 |
Jean Rivard | The Quarter | 1BR,1BA | $1.38 |
Central Park | One Bedroom | 1BR,1BA | $1.84 |
Elmwood Tower | One Bedroom | 1BR,1BA | $1.82 |
City Club Apartments Lafayette Park | A1 | 1BR,1BA | $1.90 |
Pasadena Investments LLC | ST/1B | Studio ,1BA | $1.60 |
Manchester Apartments | Studio 1 Bathroom | Studio ,1BA | $1.79 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleElmwood, Detroit, MI
Ranked #42
Among neighborhoods in Detroit, MI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
This website is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Elmwood, Detroit, and the greater Detroit area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, pet-friendly features, family-friendliness, proximity to transit, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.
Getting Around the Elmwood Neighborhood in Detroit, MI
Walk Score®
69 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
81 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
52 / 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 Elmwood Apartments
What is a cheap apartment in Elmwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elmwood is under $1,100.
What is the price of a cheap apartment in Elmwood?
The cheapest apartment in Elmwood is Pasadena Investments LLC which is listed at $900, while the average apartment in Elmwood costs $2,795.
What types of apartments are the cheapest in Elmwood?
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 720 regular apartments in Elmwood 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 Elmwood?
Cheap apartments in Elmwood have an average cost of $231 which is $2,564 cheaper than the average rent for all rentals in Elmwood.
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.

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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.