1565 Cherboneau Pl
DetroitMI48207
Cheap Homes for Rent in Elmwood Neighborhood of Detroit, MI from $1,600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Elmwood area of Detroit.
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
7407 E Vernor Hwy
DetroitMI48214
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
1747 Campau Farms Cir
DetroitMI48207
Check Out Detroit’s Best Affordable Neighborhoods
Learn about Detroit and the best places to live with original content written by our Local Expert Tim Brown
1859 Campau Farms Cir
DetroitMI48207
2513 Concord Ave
DetroitMI48207
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Elmwood, Detroit, MI Local Guide
How much does it cost to rent a home in Elmwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elmwood 2 Bedroom Homes for Rent | $2,216 | $1,950 | $2,500 |
| Elmwood 3 Bedroom Homes for Rent | $1,650 | $1,650 | $1,650 |
| Elmwood 4 Bedroom Homes for Rent | $2,200 | $2,200 | $2,200 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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. Regency Towers has the second lowest priced unit, which is a Studio apartment currently listed from $840. 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 |
| Regency Towers | Studio A | Studio,1BA | $840 |
| Manchester Apartments | Studio 1 Bathroom | Studio,1BA | $845 |
Best Value Apartments for Rent in Elmwood, MI
As of May 10, 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 |
| Central Park | Two Bedroom | 2BR,1BA | $1.66 |
| Lafayette Park Place - Detroit, MI | One Bedroom | 1BR,1BA | $1.43 |
| Lafayette Towers | Fisher | 1BR,1BA | $1.48 |
| Manchester Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.71 |
| 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 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Elmwood
What type of rentals are currently available in Elmwood?
There are currently 73 Apartments for Rent in Elmwood, MI with pricing that ranges from $800 to $3,509. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elmwood ranging from $1,200 to $2,500.
What is the current price range for Rental Homes in Elmwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elmwood ranges from $1,200 to $2,500 with an average monthly rent of $1,816.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.