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$799 - $1,085Studio to 1 Bedroom Apartments Available Now
Regency Tower
1935 Chene CtDetroit, MI 48207
Cheap Apartments for Rent in the Waterfront Neighborhood of Detroit, MI from $500 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Detroit.
6533 E Jefferson Ave, Unit 602T
6533 E Jefferson Ave
DetroitMI48207
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$824 - $3,000Studio to 3 Bedroom Apartments Available Now
Lafayette Towers
1301 Orleans StDetroit, MI 48207
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$919 - $1,029Studio to 1 Bedroom Apartments Contact Us For Availability
Parkview Senior Apartments
1401 Chene StDetroit, MI 48207
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$1,020 - $1,4651 Bedroom Apartments Available Now
City Club Apartments Lafayette Park
750 Chene StDetroit, MI 48207
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$1,060 - $1,2001 to 2 Bedroom Apartments Available Now
Jean Rivard
930 E Lafayette StDetroit, MI 48207
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Rent Specials
$1,100 - $1,2502 Bedroom Apartments Available Jul 1
Pasadena Apartments
2170 E Jefferson AveDetroit, MI 48207
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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$1,100 - $1,345Studio to 2 Bedroom Apartments Available Now
Lafayette Park Place - Detroit, MI
1387 E Larned StDetroit, MI 48207
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$1,1152 Bedroom Apartments Contact Us For Availability
Prince Hall
2199 Prince Hall DrDetroit, MI 48207
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$1,125 - $1,4251 to 2 Bedroom Apartments Available Now
Central Park
631 Orleans StDetroit, MI 48207
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$1,200 - $1,5001 Bedroom Apartments Available Now
Palms East
1531 E Larned StDetroit, MI 48207
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$1,200 - $1,9501 to 3 Bedroom Apartments Available Now
River Place
500 River Place DrDetroit, MI 48207
1545 Cherboneau Pl, Unit 41, Unit 41
1545 Cherboneau Pl
DetroitMI48207
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$1,325 - $2,8751 to 2 Bedroom Apartments Available Now
Orleans Landing
229 Orleans StDetroit, MI 48207
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.
2900 E Jefferson Ave, Unit D601, Unit D601
2900 E Jefferson Ave
DetroitMI48207
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Studio to 2 Bedroom Apartments
Islandview Apartments
445 Field StDetroit, MI 48214
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Studio to 1 Bedroom Apartments
Grand Place Apartments
190 E Grand BlvdDetroit, MI 48207
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1 to 3 Bedroom Apartments
Noel Village
2158 Chene StDetroit, MI 48207
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Studio to 2 Bedroom Apartments
Manchester Apartments
2016 E Jefferson AveDetroit, MI 48207
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Studio to 2 Bedroom Apartments
Wilner's Arms
133 E Grand BlvdDetroit, MI 48207
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1 to 2 Bedroom Apartments
Chene Park Commons
2001 Chene StDetroit, MI 48207
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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1 to 4 Bedroom Apartments
Cityside Apartments and Townhomes
2716 Macomb StDetroit, MI 48207
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1 Bedroom Apartments
Elmwood Tower
1325 Chene StDetroit, MI 48207
1565 Cherboneau Pl
DetroitMI48207
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1 to 2 Bedroom Apartments
Regency Place
1941 Chene CtDetroit, MI 48207
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2 to 3 Bedroom Apartments
Circle Drive Commons
1440 Robert Bradby DrDetroit, MI 48207
2900 E Jefferson Ave
DetroitMI48207
1515 Cherboneau Pl
DetroitMI48207
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.
293 Belleview Ave
WindsorONN8Y 2W1
279 Drouillard Rd
WindsorONN8Y 2P4
Showing Results 1-30, Page 1 of 1
Waterfront, Detroit, MI Local Guide
How much does it cost to rent an apartment in Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront Studio Apartments | $1,161 | $799 | $3,150 |
| Waterfront 1 Bedroom Apartments | $1,357 | $999 | $2,570 |
| Waterfront 2 Bedroom Apartments | $1,959 | $1,115 | $2,875 |
| Waterfront 3 Bedroom Apartments | $2,587 | $1,950 | $3,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 1 mile radius of the Waterfront Neighborhood of Detroit, MI.
See all Apartments in DetroitExplore Detroit
Waterfront, Detroit, MI Local Guide
- Nearby Detroit neighborhoods
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Cheapest Available Waterfront Apartments for Rent
The cheapest available apartment rental in the Waterfront area of Detroit, MI is a Studio unit found at Regency Tower priced from $799. Lafayette Towers has the second lowest priced unit, which is a Studio apartment currently listed from $824. Here are the most affordable Waterfront apartments for rent in Detroit, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Regency Tower | Studio B | Studio,1BA | $799 |
| Lafayette Towers | Hart | Studio,1BA | $824 |
| City Club Apartments Lafayette Park | A | 1BR,1BA | $1,020 |
| Jean Rivard | The Quarter | 1BR,1BA | $1,060 |
| Lafayette Park Place - Detroit, MI | Studio | Studio,1BA | $1,100 |
| Central Park | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,125 |
| Palms East | Garden 1 Bedroom | 1BR,1BA | $1,200 |
| River Place | Apartment - 1/1 | 1BR,1BA | $1,200 |
| Orleans Landing | A | 1BR,1BA | $1,625 |
| DuCharme Place Apartments | C4 | 2BR,2BA | $1,895 |
Best Value Apartments for Rent in Waterfront, MI
As of May 21, 2026 the best value apartment in the Waterfront 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 Waterfront apartment is the C Model at Waters Edge Apartments of Harbortown starting at $2,525 with a $2.15 price per square foot in the Downtown Detroit neighborhood. Here is today’s list of the best values for Waterfront apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| River Place | Rooftop - 3/2 | 3BR,2BA | $1.56 |
| Waters Edge Apartments of Harbortown | C | 2BR,2BA | $2.15 |
| DuCharme Place Apartments | C2 | 2BR,2BA | $2.02 |
| Jean Rivard | The Quarter | 1BR,1BA | $1.27 |
| 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 |
| Lafayette Towers | Hart | Studio ,1BA | $1.99 |
| 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.
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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
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.
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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 LifestyleWaterfront, Detroit, MI
Ranked #53
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 and neighborhoods across the USA, and customized analysis for Central 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 outdoor access, pet-friendly features, places that make kids happy, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Waterfront Apartments
What is a cheap apartment in Waterfront?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterfront is under $1,895.
What is the price of a cheap apartment in Waterfront?
The cheapest apartment in Waterfront is Regency Tower which is listed at $999, while the average apartment in Waterfront costs $2,700.
What types of apartments are the cheapest in Waterfront?
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 4 regular apartments in Waterfront 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
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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
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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.
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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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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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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.