
Cheap Apartments for Rent in the Riverfront Neighborhood of Detroit, MI from $500 (59 Rentals)
Search the lowest-cost Apartments available for rent right now in the Riverfront area of Detroit.


Town Residences

The Corner

Left Field

2072 Wabash St

The Farwell

The Brooke on Bagley

Detroit Savings Bank

Riverfront Towers

14th Street Lofts
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Coat Factory Lofts

600 Park St W

374 Campbell Ave

524 Pitt St W

317 McKay Ave

1518 University Ave W

423 Bruce Ave

460 Caron Ave

444 Park St W

Total Monthly Price
Carnegie
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.

1700 University Ave W

849 Dougall Ave

849 Dougall Ave

1654 Martindale St

1654 Martindale St

600 Park St W

600 Park St W

363 Curry Ave

363 Curry Ave

Royal Windsor Apartments
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Riverview Apartments

533 Church St

414 Crawford Ave

414 Crawford Ave

Ouellette Tower Apartments

Windsor Tower

202-204 MCKAY

427 Cameron Ave

427 Cameron Ave

202-204 MCKAY
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308 Randolph Av

Askin Tower Apartments

181 California Av

The Hive on Pelissier

University Ave Apartments Windsor

First Place Apartments

2035 University Ave W

285 Cameron Ave

308 Randolph Ave

308 Randolph Ave
The Detroit Insiders Renting Guide: A Local's Look Under the Hood
Moving to Detroit? Get the local breakdown on affordable rental options, easy commutes, and how to navigate the People Mover and Q-Line downtown.
Riverfront, Detroit, MI Local Guide

How much does it cost to rent an apartment in Riverfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Riverfront Studio Apartments | $1,245 | $795 | $2,520 |
| Riverfront 1 Bedroom Apartments | $1,950 | $935 | $3,267 |
| Riverfront 2 Bedroom Apartments | $2,763 | $999 | $6,360 |
| Riverfront 3 Bedroom Apartments | $2,551 | $595 | $6,649 |
Browse Apartments in this Neighborhood
There are currently 59 rentals with your search options within a 2 mile radius of the Riverfront Neighborhood of Detroit, MI.
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Riverfront, Detroit, MI Local Guide
- Nearby Detroit neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| New Cadillac Square Apartments | Studio / One Bathroom ($795) | Studio,1BA | $795 |
| Town Residences | S3 | Studio,1BA | $840 |
| The Corner | Studio (S) | Studio,1BA | $1,050 |
| Left Field | Studio | Studio,1BA | $1,050 |
| Riverview Apartments | Bachelor Apartment | Studio,1BA | $1,075 |
| Royal Windsor Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,095 |
| Ouellette Tower Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,142 |
| Windsor Tower | Small One Bedroom Apartment without Balcony | 1BR,1BA | $1,195 |
| Askin Tower Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1,250 |
| Carnegie | Studio | 1BR,1BA | $1,315 |
Best Value Apartments for Rent in Riverfront, MI
As of April 28, 2026 the best value apartment in the Riverfront area is the $1.70 price per square foot 2016 Wabash St Model at 2016 Wabash St, Unit Upstairs in the in the Downtown Detroit neighborhood starting from $1,550. The second greatest value Riverfront apartment is the 2014 Wabash St Model at 2014 Wabash St, Unit 1 starting at $1,550 with a $1.72 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2016 Wabash St, Unit Upstairs | 2016 Wabash St | 2BR,1BA | $1.70 |
| 2014 Wabash St, Unit 1 | 2014 Wabash St | 2BR,1BA | $1.72 |
| Detroit Savings Bank | X02 | 1BR,1BA | $2.17 |
| Caron Tower Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.79 |
| The Checker Building | The Checker - 1 Bed 1 Bath | 1BR,1BA | $2.16 |
| The Millie on Brush | Ad - Deluxe | 1BR,1BA | $1.82 |
| Millwood Place Apartments | One Bedroom Apartment | 1BR,1BA | $1.99 |
| University Ave Apartments Windsor | One Bedroom Apartment | 1BR,1BA | $2.11 |
| New Cadillac Square Apartments | One Bedroom / One Bathroom ($935) | 1BR,1BA | $1.56 |
| Town Residences | S14 | Studio ,1BA | $2.18 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
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Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleThe 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
Read ArticleQuick 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.
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 the Cheapest Studio apartment in Riverfront?
Currently the most affordable Cheap Studio Apartment in Riverfront is at New Cadillac Square Apartments listed at $795.
How much is rent for a Cheap One Bedroom Riverfront Apartment?
The lowest price for a Cheap One Bedroom Riverfront Apartment is $935 at New Cadillac Square Apartments.
What is the lowest price for a Cheap Two Bedroom Riverfront Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Riverfront is starting from $1,280 at Askin Tower Apartments.
What is the most affordable Riverfront Three Bedroom Apartment?
The best deal on a cheap Riverfront Three Bedroom Apartment rental is at The Assembly and starts from $3,785.
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

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.

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.

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.

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

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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.