close
View Me
from $800Studio 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.
close
View Me
from $824Studio to 3 Bedroom Apartments Available Now
Lafayette Towers
1301 Orleans StDetroit, MI 48207
close
View Me
Rent Specials
from $840Studio to 1 Bedroom Apartments Available Jun 27
Regency Towers
1935 Chene CtDetroit, MI 48207
close
View Me
from $875Studio to 1 Bedroom Apartments Contact Us For Availability
Parkview Senior Apartments
1401 Chene StDetroit, MI 48207
close
View Me
from $8781 to 2 Bedroom Apartments Contact Us For Availability
Chene Park Commons
2001 Chene StDetroit, 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.
close
View Me
from $900Studio to 1 Bedroom Apartments Available Now
City Place Detroit
1600 Antietam AveDetroit, MI 48207
close
View Me
Rent Specials
from $937Studio to 2 Bedroom Apartments Available Now
The Pavilion
1 Lafayette Plaisance StDetroit, MI 48207
close
View Me
Rent Specials
from $9651 Bedroom Apartments Available Now
City Club Apartments Lafayette Park
750 Chene StDetroit, MI 48207
close
View Me
close
View Me
Rent Specials
from $1,100Studio to 2 Bedroom Apartments Available Now
Lafayette Park Place - Detroit, MI
1387 E Larned StDetroit, MI 48207
close
View Me
from $1,1152 Bedroom Apartments Contact Us For Availability
Prince Hall
2199 Prince Hall DrDetroit, MI 48207
close
View Me
Rent Specials
from $1,1251 to 2 Bedroom Apartments Available Now
Central Park
631 Orleans StDetroit, MI 48207
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
close
View Me
from $1,1501 to 2 Bedroom Apartments Contact Us For Availability
Jean Rivard
930 E Lafayette StDetroit, MI 48207
close
View Me
close
View Me
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
close
View Me
from $1,2712 to 3 Bedroom Apartments Contact Us For Availability
Circle Drive Commons
1440 Robert Bradby DrDetroit, MI 48207
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
close
View Me
close
View Me
close
View Me
1565 Cherboneau Pl
DetroitMI48207
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 | $1,199 | $800 | $2,145 |
| Waterfront 1 Bedroom Apartments | $1,466 | $878 | $2,570 |
| Waterfront 2 Bedroom Apartments | $2,345 | $1,010 | $3,760 |
| Waterfront 3 Bedroom Apartments | $2,708 | $1,471 | $4,195 |
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.
See all Apartments in DetroitExplore Detroit
Waterfront, Detroit, MI Local Guide
- Nearby Detroit neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Manchester Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $845. 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 |
| Manchester Apartments | Studio 1 Bathroom | Studio,1BA | $845 |
| Regency Towers | Studio A | Studio,1BA | $850 |
| City Place Detroit | Studio Apartment | Studio,1BA | $900 |
| The Pavilion | Lafayette | Studio,1BA | $939 |
Best Value Apartments for Rent in Waterfront, MI
As of June 18, 2025 the best value apartment in the Waterfront area is the $0.96 price per square foot Single Model at Guoin Street Lofts in the in the Downtown Detroit neighborhood starting from $1,450. The second greatest value Waterfront apartment is the Rooftop - 3/2 Model at River Place starting at $2,100 with a $1.68 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. |
|---|---|---|---|
| Guoin Street Lofts | Single | 1BR,1BA | $0.96 |
| River Place | Rooftop - 3/2 | 3BR,2BA | $1.68 |
| The Millie on Brush | Bp - Premium | 2BR,1BA | $1.75 |
| Lafayette Park Place - Detroit, MI | One Bedroom | 1BR,1BA | $1.47 |
| Lafayette Towers | Fisher | 1BR,1BA | $1.48 |
| Palms East | Balcony | 1BR,1BA | $1.69 |
| Central Park | One Bedroom | 1BR,1BA | $1.73 |
| Elmwood Tower | One Bedroom | 1BR,1BA | $1.82 |
| Manchester Apartments | Studio 1 Bathroom | Studio ,1BA | $1.69 |
| Pasadena Investments LLC | ST/1B | Studio ,1BA | $1.60 |
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.
Let everyone know!
Do you know the Waterfront area?
If you’re an expert on all things Waterfront, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleWaterfront, Detroit, MI
Ranked #35
Among neighborhoods in Detroit, MI 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 the Cheapest Studio apartment in Waterfront?
Currently the most affordable Cheap Studio Apartment in Waterfront is at Pasadena Investments LLC listed at $800.
How much is rent for a Cheap One Bedroom Waterfront Apartment?
The lowest price for a Cheap One Bedroom Waterfront Apartment is $900 at Pasadena Investments LLC.
What is the lowest price for a Cheap Two Bedroom Waterfront Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterfront is starting from $1,010 at Pasadena Investments LLC.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.