
Cheap Apartments for Rent in the Rivertown Neighborhood of Detroit, MI from $700 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Rivertown area of Detroit.


Lafayette Towers

Pasadena Apartments

The Palms

City Place Detroit

Parkview Senior Apartments

City Club Apartments Lafayette Park
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.

Jean Rivard

Lafayette Park Place - Detroit, MI

Central Park

River Place

Palms East

Manchester Apartments

Chene Park Commons
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.

Cityside Apartments and Townhomes

Elmwood Tower

1565 Cherboneau Pl

Regency Place

Circle Drive Commons

1575 Cherboneau Pl

2900 E Jefferson Ave
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.
Rivertown, Detroit, MI Local Guide

How much does it cost to rent an apartment in Rivertown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rivertown Studio Apartments | $1,043 | $799 | $3,150 |
| Rivertown 1 Bedroom Apartments | $1,319 | $995 | $2,032 |
| Rivertown 2 Bedroom Apartments | $1,964 | $1,075 | $2,779 |
| Rivertown 3 Bedroom Apartments | $2,800 | $2,600 | $3,000 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Rivertown Neighborhood of Detroit, MI.
See all Apartments in DetroitExplore Detroit
Rivertown, Detroit, MI Local Guide
- Nearby Detroit neighborhoods
- Nearby Cities
- School Districts
Cheapest Available Rivertown Apartments for Rent
 The cheapest available apartment rental in the Rivertown area of Detroit, MI is a Studio unit found at Regency Tower priced from $799. Pasadena Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $849. Here are the most affordable Rivertown apartments for rent in Detroit, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Regency Tower | Studio B | Studio,1BA | $799 |
| Pasadena Apartments | ST/1B | Studio,1BA | $849 |
| The Palms | Studio A1 | Studio,1BA | $895 |
| City Place Detroit | Studio Apartment | Studio,1BA | $900 |
| City Club Apartments Lafayette Park | A4 Aff | 1BR,1BA | $1,045 |
Best Value Apartments for Rent in Rivertown, MI
As of June 17, 2026 the best value apartment in the Rivertown area is the $1.41 price per square foot Brownstone - 2/2 Model at River Place in the in the Downtown Detroit neighborhood starting from $1,800. The second greatest value Rivertown apartment is the Masonic Model at Lafayette Towers starting at $1,491 with a $1.21 price per square foot in the Necklace District neighborhood. Here is today’s list of the best values for Rivertown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| River Place | Brownstone - 2/2 | 2BR,2BA | $1.41 |
| Lafayette Towers | Masonic | 2BR,2BA | $1.21 |
| DuCharme Place Apartments | C1 | 2BR,1BA | $2.06 |
| Palms East | Balcony | 1BR,1BA | $1.69 |
| Central Park | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.73 |
| Lafayette Park Place - Detroit, MI | Studio | Studio ,1BA | $1.69 |
| City Club Apartments Lafayette Park | A3 | 1BR,1BA | $1.96 |
| Pasadena Apartments | ST/1B | Studio ,1BA | $1.70 |
| City Place Detroit | Renovated Studio | Studio ,1BA | $2.08 |
| Regency Tower | Studio B | Studio ,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.
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.
Pet Friendly LifestyleRivertown, Detroit, MI
Ranked #47
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities and towns across the United States, including Detroit. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, family-friendliness, raising pets, transit options, and more. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Rivertown Apartments
What is a cheap apartment in Rivertown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rivertown is under $1,434.
What is the price of a cheap apartment in Rivertown?
The cheapest apartment in Rivertown is Pasadena Apartments which is listed at $995, while the average apartment in Rivertown costs $2,800.
What types of apartments are the cheapest in Rivertown?
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 20 regular apartments in Rivertown 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

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

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.

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.

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.

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.