Cheap Apartments for Rent in the Rivertown Neighborhood of Detroit, MI from $700 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Rivertown 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.

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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Chene Park Commons
1 to 2 Bedroom Apartments

Chene Park Commons

2001 Chene StDetroit, MI 48207
  • Utilities Included
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Elmwood Tower
1 Bedroom Apartments

Elmwood Tower

1325 Chene StDetroit, MI 48207
Senior Living
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Regency Place
1 to 2 Bedroom Apartments

Regency Place

1941 Chene CtDetroit, MI 48207
  • Utilities Included
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Circle Drive Commons
2 to 3 Bedroom Apartments

Circle Drive Commons

1440 Robert Bradby DrDetroit, MI 48207
  • 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.

Rivertown, Detroit, MI Local Guide

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. Palms has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Rivertown apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Regency TowerStudio BStudio,1BA$799
PalmsStudio A3Studio,1BA$895
City Place DetroitStudio ApartmentStudio,1BA$900
Parkview Senior ApartmentsStudioStudio,1BA$919
City Club Apartments Lafayette ParkA4 Aff1BR,1BA$1,045

Best Value Apartments for Rent in Rivertown, MI

As of May 02, 2026 the best value apartment in the Rivertown area is the $1.56 price per square foot Rooftop - 3/2 Model at River Place in the in the Downtown Detroit neighborhood starting from $1,950. The second greatest value Rivertown apartment is the The Quarter Model at Jean Rivard starting at $1,060 with a $1.27 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 ListingModel NameBed/BathPrice Per Sq.Ft.
River PlaceRooftop - 3/23BR,2BA$1.56
Jean RivardThe Quarter1BR,1BA$1.27
Lafayette TowersGuardian1BR,1BA$1.48
Palms EastBalcony1BR,1BA$1.69
Central Park1 Bedroom 1 Bathroom1BR,1BA$1.73
Lafayette Park Place - Detroit, MIStudioStudio ,1BA$1.69
City Club Apartments Lafayette ParkA31BR,1BA$1.96
Pasadena Investments LLCST/1BStudio ,1BA$1.60
Parkview Senior ApartmentsStudioStudio ,1BA$2.13
Regency TowerStudio BStudio ,1BA$2.15

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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
Rivertown, Detroit, MI

Ranked #47

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 the Cheapest Studio apartment in Rivertown?

Currently the most affordable Cheap Studio Apartment in Rivertown is at Regency Tower listed at $799.

How much is rent for a Cheap One Bedroom Rivertown Apartment?

The lowest price for a Cheap One Bedroom Rivertown Apartment is $999 at Regency Tower.

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

Today's best deal for a Cheap Two Bedroom Apartment in Rivertown is starting from $1,200 at Jean Rivard.

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

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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.

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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.

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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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

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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.