Cheap Homes for Rent in Lafayette Park Neighborhood of Detroit, MI from $1,300 (13 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Lafayette Park area of Detroit.

property at 705 McDougall

705 McDougall

DetroitMI48207

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

Read Article
Showing Results 1-13, Page 1 of 1

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. Pasadena Investments LLC has the second lowest priced unit, which is a Studio apartment currently listed from $800. 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
Pasadena Investments LLCST/1BStudio,1BA$800
Manchester ApartmentsStudio 1 BathroomStudio,1BA$845
Regency TowersStudio BStudio,1BA$875
City Place DetroitStudio ApartmentStudio,1BA$900

Best Value Apartments for Rent in Lafayette Park, MI

As of April 11, 2025 the best value apartment in the Lafayette Park 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 Lafayette Park apartment is the 1bed/ 1bath Model at The Claridge Apartments starting at $1,350 with a $1.36 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 ListingModel NameBed/BathPrice Per Sq.Ft.
River PlaceRooftop - 3/23BR,2BA$1.68
The Claridge Apartments1bed/ 1bath1BR,1BA$1.36
Lafayette Park Place - Detroit, MIOne Bedroom1BR,1BA$1.43
Lafayette TowersFisher1BR,1BA$1.48
Palms EastBalcony1BR,1BA$1.62
Central ParkOne Bedroom1BR,1BA$1.84
Elmwood TowerOne Bedroom1BR,1BA$1.82
Manchester Apartments1 Bedroom 1 Bathroom1BR,1BA$1.71
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Pasadena Investments LLCST/1BStudio ,1BA$1.60

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Lafayette Park

What type of rentals are currently available in Lafayette Park?

There are currently 139 Apartments for Rent in Lafayette Park, MI with pricing that ranges from $479 to $7,450. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette Park ranging from $1,350 to $3,500.

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 $1,350 to $3,500 with an average monthly rent of $2,673.

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.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.