Cheap Apartments for Rent in the Islandview Neighborhood of Detroit, MI from $500 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Islandview area of Detroit.

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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Islandview Apartments
Studio to 2 Bedroom Apartments

Islandview Apartments

445 Field StDetroit, MI 48214
  • Utilities Included

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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Grand Place Apartments
Studio to 1 Bedroom Apartments

Grand Place Apartments

190 E Grand BlvdDetroit, MI 48207
  • Utilities Included
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Noel Village
1 to 3 Bedroom Apartments

Noel Village

2158 Chene StDetroit, MI 48207
  • Utilities Included
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1780 Van Dyke
1 Bedroom Apartments

1780 Van Dyke

1780 Van DykeDetroit, MI 48214
  • Utilities Included
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Wilner's Arms
Studio to 2 Bedroom Apartments

Wilner's Arms

133 E Grand BlvdDetroit, MI 48207
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Chene Park Commons
1 to 2 Bedroom Apartments

Chene Park Commons

2001 Chene StDetroit, MI 48207
  • Utilities Included
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703 Parker St
1 Bedroom Apartments

703 Parker St

703 Parker StDetroit, MI 48214
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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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Elmwood Tower
1 Bedroom Apartments

Elmwood Tower

1325 Chene StDetroit, MI 48207
Senior Living
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Regency Place
1 to 2 Bedroom Apartments

Regency Place

1941 Chene CtDetroit, MI 48207
  • Utilities Included
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Circle Drive Commons
2 to 3 Bedroom Apartments

Circle Drive Commons

1440 Robert Bradby DrDetroit, MI 48207
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1084 Van Dyke St
1 Bedroom Apartments

1084 Van Dyke St

1084 Van Dyke StDetroit, MI 48214
Military
  • Utilities Included
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1000 Van Dyke
1 to 2 Bedroom Apartments

1000 Van Dyke

1000-1012 Van Dyke StDetroit, MI 48214
  • Utilities Included

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.

Islandview, Detroit, MI Local Guide

Cheapest Available Islandview Apartments for Rent

 

The cheapest available apartment rental in the Islandview area of Detroit, MI is a Studio unit found at Alden Towers priced from $715. Jennings Senior Living has the second lowest priced unit, which is a 1 Bed apartment currently listed from $720. Here are the most affordable Islandview apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Alden TowersStudioStudio,1BA$715
Jennings Senior LivingModel1A1BR,1BA$720
Regency TowerStudio BStudio,1BA$799
Beach Club DetroitStudioStudio,1BA$999
City Club Apartments Lafayette ParkA1BR,1BA$1,020
Owen Park ApartmentsSingle1BR,1BA$1,050
7850 East JeffersonTwo Bedroom2BR,1BA$1,209
Van Dyke Village Apartments2 Bed 1 Bath2BR,1BA$1,250
1000 Van Dyke2BR/1.0BA2BR,1BA$1,295

Best Value Apartments for Rent in Islandview, MI

As of June 10, 2026 the best value apartment in the Islandview area is the $1.35 price per square foot 2x2 Model at Village Park Apartments in the in the Gold Coast neighborhood starting from $1,413. The second greatest value Islandview apartment is the 2 Bed 1 Bath Model at Van Dyke Village Apartments starting at $1,250 with a $1.30 price per square foot in the Downtown Detroit neighborhood. Here is today’s list of the best values for Islandview apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Village Park Apartments2x22BR,2BA$1.35
Van Dyke Village Apartments2 Bed 1 Bath2BR,1BA$1.30
7850 East JeffersonTwo Bedroom2BR,1BA$1.32
920 E Grand Blvd, Unit E grand920 E Grand BlvdStudio ,1BA$0.94
Owen Park ApartmentsSingle1BR,1BA$1.50
Beach Club DetroitStudioStudio ,1BA$1.52
Jennings Senior LivingModel1A1BR,1BA$1.31
City Club Apartments Lafayette ParkA31BR,1BA$1.96
1000 Van Dyke1BR/1.0BA1BR,1BA$2.35
Regency TowerStudio BStudio ,1BA$2.15

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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The 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

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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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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.

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States, including Detroit. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, transit availability, pet-friendly communities, family-friendly amenities, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Islandview Apartments

What is the Cheapest Studio apartment in Islandview?

Currently the most affordable Cheap Studio Apartment in Islandview is at Alden Towers listed at $715.

How much is rent for a Cheap One Bedroom Islandview Apartment?

The lowest price for a Cheap One Bedroom Islandview Apartment is $720 at Jennings Senior Living.

What is the lowest price for a Cheap Two Bedroom Islandview Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Islandview is starting from $864 at Jennings Senior Living.

What is the most affordable Islandview Three Bedroom Apartment?

The best deal on a cheap Islandview Three Bedroom Apartment rental is at Alden Towers and starts from $1,895.

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

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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.

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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.

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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.

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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

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.