1565 Cherboneau Pl
DetroitMI48207
Cheap Homes for Rent in Waterfront Neighborhood of Detroit, MI from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterfront area of Detroit.
1575 Cherboneau Pl
DetroitMI48207
2900 E Jefferson Ave
DetroitMI48207
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.
1515 Cherboneau Pl
DetroitMI48207
304 Lincoln Rd, Unit 3
304 Lincoln Rd
WindsorONN8Y 2G4
304 Lincoln Rd, Unit 3
304 Lincoln Rd
WindsorONN8Y 2G4
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.
6533 E Jefferson Ave, Unit 117
6533 E Jefferson Ave
DetroitMI48207
Showing Results 1-7, Page 1 of 1
Waterfront, Detroit, MI Local Guide
How much does it cost to rent a home in Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront 2 Bedroom Homes for Rent | $1,750 | $1,500 | $2,200 |
| Waterfront 3 Bedroom Homes for Rent | $2,250 | $1,800 | $3,150 |
| Waterfront 4 Bedroom Homes for Rent | $2,425 | $2,300 | $2,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 7 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
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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 Apartments priced from $849. Parkview Senior Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $919. Here are the most affordable Waterfront apartments for rent in Detroit, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pasadena Apartments | ST/1B | Studio,1BA | $849 |
| Parkview Senior Apartments | Studio | Studio,1BA | $919 |
| City Club Apartments Lafayette Park | A4 Aff | 1BR,1BA | $1,045 |
Best Value Apartments for Rent in Waterfront, MI
As of July 06, 2026 the best value apartment in the Waterfront 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 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 | Brownstone - 2/2 | 2BR,2BA | $1.41 |
| Waters Edge Apartments of Harbortown | C | 2BR,2BA | $2.15 |
| DuCharme Place Apartments | C2 | 2BR,2BA | $2.02 |
| Palms East | Balcony | 1BR,1BA | $1.69 |
| The Palms | 2 Bedroom C3 | 2BR,1BA | $3.14 |
| Orleans Landing | A1 | 1BR,1BA | $2.31 |
| Central Park | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.73 |
| City Club Apartments Lafayette Park | A3 | 1BR,1BA | $1.96 |
| Pasadena Apartments | ST/1B | Studio ,1BA | $1.70 |
| Parkview Senior Apartments | Studio | Studio ,1BA | $2.13 |
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 Article
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 #54
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Waterfront
What type of rentals are currently available in Waterfront?
There are currently 63 Apartments for Rent in Waterfront, MI with pricing that ranges from $799 to $3,150. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterfront ranging from $1,100 to $3,150.
What is the current price range for Rental Homes in Waterfront?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterfront ranges from $1,100 to $3,150 with an average monthly rent of $2,004.
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
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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.
Articles, How-To's, and Tips
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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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.