Cheap Apartments for Rent in the Riverfront Neighborhood of Detroit, MI from $500 (63 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Riverfront 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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14th Street Lofts
1 to 2 Bedroom Apartments

14th Street Lofts

2101 W Lafayette BlvdDetroit, MI 48216
  • Utilities Included
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Coat Factory Lofts
Studio Apartments

Coat Factory Lofts

1652 W Fort StDetroit, MI 48216
  • Utilities Included
property at 374 Campbell Ave

$999 - $1,500

2 To 3 Bedroom Rentals

Available Now

374 Campbell Ave

WindsorONN9B 2H3
property at 524 Pitt St W

$1,050 - $1,093

1 Bedroom Rentals

Available Now

524 Pitt St W

WindsorONN9A 5M2
property at 444 Park St W

$1,100 - $1,300

Studio To 1 Bedroom Rentals

Available Now

444 Park St W

WindsorONN9A 5V3

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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Carnegie
Rent Specials
$1,315 - $1,920
Total Monthly Price

Total Monthly Price

Base Rent
$1,315 - $1,920

Total Monthly Price
$1,315 - $1,920
1 to 2 Bedroom Apartments Available Now

Carnegie

450 Victoria AveWindsor, ON N9A 6T7
Transit Friendly
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Ouellette Place
Rent Specials
$1,500 - $1,900
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $1,900

Total Monthly Price
$1,500 - $1,900
1 to 2 Bedroom Apartments Available Now

Ouellette Place

810 Ouellette AvWindsor, ON N9A 6Z1
Pet Friendly
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  • Smoke Free

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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Royal Windsor Apartments
$900 - $1,450Studio to 2 Bedroom Apartments

Royal Windsor Apartments

280 Park St WWindsor, ON N9A 5T8
  • Utilities Included
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Riverview Apartments
$1,075 - $1,525Studio to 2 Bedroom Apartments

Riverview Apartments

1475 Riverside Dr WWindsor, ON N9B 1A3
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533 Church St
$1,100Studio to 2 Bedroom Apartments

533 Church St

533 Church StWindsor, ON N9A 4T2
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Ouellette Tower Apartments
$1,146 - $2,279Studio to 3 Bedroom Apartments

Ouellette Tower Apartments

737 Ouellette AveWindsor, ON N9A 6T5
  • Utilities Included
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Windsor Tower
$1,195 - $1,4951 to 2 Bedroom Apartments

Windsor Tower

780 Ouellette AvWindsor, ON N9A 1C5
  • 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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308 Randolph Av
$1,250 - $1,450Studio to 2 Bedroom Apartments

308 Randolph Av

308 Randolph AvWindsor, ON N9B 2T6
  • Utilities Included
  • Smoke Free
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First Place Apartments
$1,345 - $1,4451 to 3 Bedroom Apartments

First Place Apartments

475 Bruce AveWindsor, ON N9A 6W9
  • Utilities Included

Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide

Looking for an apartment near Detroit? Our local expert guides you through 12 of Metro Detroit's best communities across four distinct corridors to help you find the perfect fit.

Riverfront, Detroit, MI Local Guide

Cheapest Available Riverfront Apartments for Rent

 

The cheapest available apartment rental in the Riverfront area of Detroit, MI is a Studio unit found at New Cadillac Square Apartments priced from $795. Town Residences has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here are the most affordable Riverfront apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
New Cadillac Square ApartmentsStudio / One Bathroom ($795)Studio,1BA$795
Town ResidencesS2Studio,1BA$840
2072 Wabash St1/1 Furnished1BR,1BA$975
The CornerStudio (S)Studio,1BA$1,050
Left FieldStudioStudio,1BA$1,050
Riverview ApartmentsBachelor ApartmentStudio,1BA$1,075
University Ave Apartments WindsorJunior One Bedroom1BR,1BA$1,100
Ouellette Tower Apartments0 Beds, 1 BathsStudio,1BA$1,146
Windsor TowerSmall One Bedroom Apartment without Balcony1BR,1BA$1,195
CarnegieStudio1BR,1BA$1,315

Best Value Apartments for Rent in Riverfront, MI

As of June 12, 2026 the best value apartment in the Riverfront area is the $1.73 price per square foot C3PH - Penthouse Model at The Millie on Brush in the in the Necklace District neighborhood starting from $2,445. The second greatest value Riverfront apartment is the 2016 Wabash St Model at 2016 Wabash St, Unit Upstairs starting at $1,550 with a $1.70 price per square foot in the Downtown Detroit neighborhood. Here is today’s list of the best values for Riverfront apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Millie on BrushC3PH - Penthouse2BR,2BA$1.73
2016 Wabash St, Unit Upstairs2016 Wabash St2BR,1BA$1.70
Caron Tower Apartments2 Beds, 1 Baths2BR,1BA$1.81
Riverfront TowersPremiere Corktown1BR,1BA$2.36
Millwood Place ApartmentsOne Bedroom Apartment1BR,1BA$1.99
University Ave Apartments WindsorOne Bedroom Apartment1BR,1BA$2.11
New Cadillac Square ApartmentsOne Bedroom / One Bathroom ($935)1BR,1BA$1.56
Wabash Flats1/1 Furnished1BR,1BA$1.63
Left FieldStudioStudio ,1BA$2.30
Town ResidencesS2Studio ,1BA$2.10

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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Lifestyle Ratings

This website is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Michigan and customized analysis for Detroit, Michigan. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Riverfront Apartments

What is a cheap apartment in Riverfront?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverfront is under $1,315.

What is the price of a cheap apartment in Riverfront?

The cheapest apartment in Riverfront is New Cadillac Square Apartments which is listed at $935, while the average apartment in Riverfront costs $2,750.

What types of apartments are the cheapest in Riverfront?

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 14 regular apartments in Riverfront that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

decorative image for The Best Detroit Area Neighborhoods for Off-Campus Housing Renters article

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

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

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.