
Cheap Apartments for Rent in the Riverfront Neighborhood of Detroit, MI from $700 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the Riverfront area of Detroit.


Town Residences

Wabash Flats

The Corner

North Corktown Apartments

Left Field

The Millie on Brush

The Brooke on Bagley

Capitol Park Lofts
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 Towers

Detroit Savings Bank

The Farwell

Coat Factory Lofts

14th Street Lofts

685 University Ave W

429 Bruce Ave

444 Park St W

524 Pitt St W
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Total Monthly Price
Carnegie

381 Bruce Ave

1518 University Ave W

466 Wyandotte St W

1700 University Ave W

Total Monthly Price
Ouellette Place

849 Dougall Ave

600 Park St W

1654 Martindale St
Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers
Explore the best residential neighborhoods and apartment options near major employers like GM, Ford, Stellantis, Rocket Companies, and Corewell Health. Find your perfect Motor City home.

600 Park St W

363 Curry Ave

363 Curry Ave

Riverview Apartments

Royal Windsor Apartments

533 Church St

University Ave Apartments Windsor

Randal Court Apartments

308 Randolph Av
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.

Windsor Tower

429 Wyandotte St W, Unit LOWER

The Hive on Pelissier

Ouellette Tower Apartments

First Place Apartments

Millwood Place Apartments

285 Cameron Ave

Askin Tower Apartments

600 Park St W, Unit 3
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

111 Riverside Dr E, Unit 1607

1336 UNIVERSITY 1, Unit 1
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 | $1,316 | $795 | $2,475 |
| Riverfront 1 Bedroom Apartments | $2,056 | $935 | $5,240 |
| Riverfront 2 Bedroom Apartments | $3,274 | $1,200 | $9,920 |
| Riverfront 3 Bedroom Apartments | $4,404 | $1,599 | $7,290 |
| Riverfront 4 Bedroom Apartments | $3,800 | $3,800 | $3,800 |
Browse Apartments in this Neighborhood
There are currently 47 rentals with your search options within a 2 mile radius of the Riverfront Neighborhood of Detroit, MI.
See all Apartments in DetroitExplore Detroit
Riverfront, Detroit, MI Local Guide
- Nearby Detroit neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $935. 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 | S10 | Studio,1BA | $935 |
| Wabash Flats | Studio | Studio,1BA | $950 |
| The Corner | Studio (S) | Studio,1BA | $1,050 |
| Royal Windsor Apartments | Studio, 1 bath | Studio,1BA | $1,075 |
| Riverview Apartments | Bachelor Facing Back | Studio,1BA | $1,075 |
| University Ave Apartments Windsor | Junior One Bedroom | 1BR,1BA | $1,100 |
| North Corktown Apartments | 2 Bedroom - 1 Bath | 2BR,1BA | $1,200 |
| Randal Court Apartments | 0 Beds, 1 Baths | Studio,1BA | $1,220 |
| Left Field | Studio | Studio,1BA | $1,250 |
Best Value Apartments for Rent in Riverfront, MI
As of July 28, 2026 the best value apartment in the Riverfront area is the $1.00 price per square foot 3 Bedroom Model at Ouellette Place in the in the Downtown Detroit neighborhood starting from $2,800. The second greatest value Riverfront apartment is the A2p - Premium Model at The Millie on Brush starting at $1,895 with a $2.05 price per square foot in the Necklace District 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. |
|---|---|---|---|
| Ouellette Place | 3 Bedroom | 3BR,2BA | $1.00 |
| The Millie on Brush | A2p - Premium | 1BR,1BA | $2.05 |
| Caron Tower Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.79 |
| North Corktown Apartments | 2 Bedroom - 1 Bath | 2BR,1BA | $1.53 |
| The Brooke on Bagley | 1 Bed / 1 Bath | 1BR,1BA | $2.05 |
| 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 |
| Wabash Flats | 1/1 Furnished | 1BR,1BA | $2.13 |
| Town Residences | S10 | Studio ,1BA | $2.08 |
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.
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 ArticleReal 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.
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 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 $1,250.
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 $4,025.
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 18 regular apartments in Riverfront that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Riverfront?
Cheap apartments in Riverfront have an average cost of $267 which is $3,758 cheaper than the average rent for all rentals in Riverfront.
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

Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Metro Detroit. As covered in other articles, the City of Detroit has much to offer to renters.

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.

The Detroit Insider's 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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.