1565 Cherboneau Pl
DetroitMI48207
Cheap Homes for Rent in the Waterfront Neighborhood of Detroit, MI from $1,100 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterfront area of Detroit.
Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide
Looking for an apartment near Detroit? Our local expert guides you through 12 of Metro Detroit's best communities across four distinct corridors to help you find the perfect fit.
1575 Cherboneau Pl
DetroitMI48207
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
6533 E Jefferson Ave
DetroitMI48207
Showing Results 1-3, 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 | $2,283 | $2,000 | $2,550 |
| Waterfront 3 Bedroom Homes for Rent | $2,800 | $2,350 | $3,250 |
| Waterfront 4 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 1 mile radius of the Waterfront Neighborhood of Detroit, MI.
Explore Detroit
Waterfront, Detroit, MI Local Guide
- Nearby Detroit neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Waterfront, MI
As of August 20, 2026 the best value apartment in the Waterfront area is the $1.39 price per square foot Cadillac Model at Lafayette Towers in the in the Necklace District neighborhood starting from $3,000. The second greatest value Waterfront apartment is the Brownstone - 2/2 Model at River Place starting at $1,800 with a $1.41 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. |
|---|---|---|---|
| Lafayette Towers | Cadillac | 3BR,2BA | $1.39 |
| River Place | Brownstone - 2/2 | 2BR,2BA | $1.41 |
| Lafayette Park Place - Detroit, MI | One Bedroom | 1BR,1BA | $1.59 |
| Waters Edge Apartments of Harbortown | A | 1BR,1BA | $2.16 |
| DuCharme Place Apartments | B1 | 1BR,1BA | $2.20 |
| Palms East | Balcony | 1BR,1BA | $1.69 |
| 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 |
| 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.
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.
Read Article
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 #52
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 62 Apartments for Rent in Waterfront, MI with pricing that ranges from $799 to $3,000. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterfront ranging from $1,100 to $3,250.
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 $3,250 with an average monthly rent of $2,100.
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
Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Metro Detroit. As covered in other articles, the City of Detroit has much to offer to renters.
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.
The Detroit Insider's 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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.