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$800 - $1,135Studio to 2 Bedroom Apartments Available Now
Pasadena Investments LLC
2170 E Jefferson AveDetroit, MI 48207
Cheap Apartments for Rent in the Waterfront Neighborhood of Detroit, MI from $600 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Detroit.
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$824 - $3,000Studio to 3 Bedroom Apartments Available Now
Lafayette Towers
1301 Orleans StDetroit, MI 48207
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$850 - $1,085Studio to 1 Bedroom Apartments Available Now
Regency Towers
1935 Chene CtDetroit, MI 48207
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$875 - $930Studio to 1 Bedroom Apartments Available Now
Parkview Senior Apartments
1401 Chene StDetroit, MI 48207
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$878 - $1,0401 to 2 Bedroom Apartments Contact Us For Availability
Chene Park Commons
2001 Chene StDetroit, MI 48207
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$895 - $2,265Studio to 2 Bedroom Apartments Available Now
Palms
1001 E Jefferson AveDetroit, 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.
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$1,045 - $1,3551 Bedroom Apartments Available Now
City Club Apartments Lafayette Park
750 Chene StDetroit, MI 48207
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$1,095 - $1,1251 to 2 Bedroom Apartments Available Now
Central Park
631 Orleans StDetroit, MI 48207
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$1,100 - $1,599Studio 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 - $1,5001 to 2 Bedroom Apartments Available Now
Jean Rivard
930 E Lafayette StDetroit, MI 48207
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$1,200 - $2,2751 to 3 Bedroom Apartments Available Now
River Place
500 River Place DrDetroit, MI 48207
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.
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$1,200 - $1,5001 Bedroom Apartments Available Now
Palms East
1531 E Larned StDetroit, MI 48207
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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.
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1565 Cherboneau Pl
DetroitMI48207
6533 E Jefferson Ave
DetroitMI48207
279 Drouillard Rd
WindsorONN8Y 4Y1
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.
266 Belleview Ave
WindsorONN8Y 2V9
Showing Results 1-25, 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 | $1,006 | $800 | $3,150 |
| Waterfront 1 Bedroom Apartments | $1,329 | $878 | $2,570 |
| Waterfront 2 Bedroom Apartments | $1,907 | $1,040 | $2,860 |
| Waterfront 3 Bedroom Apartments | $2,411 | $1,471 | $3,000 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 1 mile radius of the Waterfront Neighborhood of Detroit, MI.
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Waterfront, Detroit, MI Local Guide
- Nearby Detroit neighborhoods
- Nearby Cities
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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 Pasadena Investments LLC priced from $800. Regency Towers has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Waterfront apartments for rent in Detroit, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pasadena Investments LLC | ST/1B | Studio,1BA | $800 |
| Regency Towers | Studio B | Studio,1BA | $850 |
| Parkview Senior Apartments | Studio | Studio,1BA | $875 |
| Palms | Studio A8 | Studio,1BA | $895 |
| Lafayette Towers | Fillmore | Studio,1BA | $911 |
Best Value Apartments for Rent in Waterfront, MI
As of November 03, 2025 the best value apartment in the Waterfront area is the $1.68 price per square foot Rooftop - 3/2 Model at River Place in the in the Downtown Detroit neighborhood starting from $2,100. The second greatest value Waterfront apartment is the Two Bedroom Apartment Model at Lafayette Park Place - Detroit, MI starting at $1,500 with a $1.50 price per square foot in the Necklace District 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 | $1.68 |
| Lafayette Park Place - Detroit, MI | Two Bedroom Apartment | 2BR,1.5BA | $1.50 |
| Jean Rivard | The Ottowa | 1BR,1BA | $1.42 |
| Palms East | Balcony | 1BR,1BA | $1.69 |
| Central Park | One Bedroom | 1BR,1BA | $1.68 |
| Lafayette Towers | Fillmore | Studio ,1BA | $1.60 |
| City Club Apartments Lafayette Park | A1 | 1BR,1BA | $2.05 |
| Pasadena Investments LLC | ST/1B | Studio ,1BA | $1.60 |
| Parkview Senior Apartments | Studio | Studio ,1BA | $2.03 |
| Regency Towers | Studio B | Studio ,1BA | $2.28 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe 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.
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
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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 #49
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 $1,200.
What is the price of a cheap apartment in Waterfront?
The cheapest apartment in Waterfront is Pasadena Investments LLC which is listed at $900, while the average apartment in Waterfront costs $2,600.
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 5 regular apartments in Waterfront that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.