Cheap Apartments for Rent in the Riverfront East Neighborhood of Detroit, MI from $500 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Riverfront East 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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property at 1454 Townsend St

$2,250 - $3,950

1 To 3 Bedroom Rentals

Available Now

1454 Townsend St

DetroitMI48214
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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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North One Apartments
1 Bedroom Apartments

North One Apartments

1401 Holcomb StDetroit, MI 48214
  • Utilities Included
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Don Juan Apartments
Studio to 1 Bedroom Apartments

Don Juan Apartments

1141-1151 Holcomb StDetroit, MI 48214
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Hibbard Tower
Studio to 3 Bedroom Apartments

Hibbard Tower

8905 E Jefferson AveDetroit, MI 48214
  • Utilities Included
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1780 Van Dyke
1 Bedroom Apartments

1780 Van Dyke

1780 Van DykeDetroit, MI 48214
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550 Parkview Apartments
Studio to 1 Bedroom Apartments

550 Parkview Apartments

550-560 Parkview DrDetroit, MI 48214
  • Utilities Included

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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703 Parker St
1 Bedroom Apartments

703 Parker St

703 Parker StDetroit, MI 48214
  • Smoke Free
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8330 On The River - 62+
1 to 2 Bedroom Apartments

8330 On The River - 62+

8330 E Jefferson AveDetroit, MI 48214
Senior Living
  • Utilities Included
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1084 Van Dyke St
1 Bedroom Apartments

1084 Van Dyke St

1084 Van Dyke StDetroit, MI 48214
Military
  • 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.

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Showing Results 1-32, Page 1 of 1

Riverfront East, Detroit, MI Local Guide

Cheapest Available Riverfront East Apartments for Rent

 

The cheapest available apartment rental in the Riverfront East 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 Riverfront East apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Alden TowersStudioStudio,1BA$715
Jennings Senior LivingModel1A1BR,1BA$720
EastpointeEastpointe 1 Studio 1 BathroomStudio,1BA$730
The Jefferson1 Bedroom, 1 Bath1BR,1BA$939
Beach Club DetroitStudioStudio,1BA$999
Owen Park ApartmentsSingle1BR,1BA$1,050
7850 East JeffersonTwo Bedroom2BR,1BA$1,209
Van Dyke Village Apartments2 Bed 1 Bath2BR,1BA$1,250
The Van Dyke in West Village2BR/1.0BA2BR,1BA$1,295
Village Park Apartments2x22BR,2BA$1,413

Best Value Apartments for Rent in Riverfront East, MI

As of May 31, 2026 the best value apartment in the Riverfront East 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 Riverfront East 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 Riverfront East 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
Vinetta Lofts2 BDR 2 Bath2BR,2BA$1.64
The Jefferson2 Bedroom, 2 Bath2BR,2BA$2.30
Owen Park ApartmentsSingle1BR,1BA$1.50
Beach Club DetroitStudioStudio ,1BA$1.52
Jennings Senior LivingModel1A1BR,1BA$1.31
The Van Dyke in West Village1BR/1.0BA1BR,1BA$2.35
EastpointeEastpointe 3 Studio 1 BathroomStudio ,1BA$2.24

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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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.

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Pet Friendly Lifestyle
Riverfront East, Detroit, MI

Ranked #70

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Riverfront East Apartments

What is the Cheapest Studio apartment in Riverfront East?

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

How much is rent for a Cheap One Bedroom Riverfront East Apartment?

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

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

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

What is the most affordable Riverfront East Three Bedroom Apartment?

The best deal on a cheap Riverfront East Three Bedroom Apartment rental is at Alden Towers and starts from $2,210.

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

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.

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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.

decorative image for The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown article

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.

decorative image for Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers article

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

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.

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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.