Cheap Apartments for Rent in the Waterfront Neighborhood of Detroit, MI from $600 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waterfront area of Detroit.

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Islandview Apartments
Studio to 2 Bedroom Apartments

Islandview Apartments

445 Field StDetroit, MI 48214
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Noel Village
1 to 3 Bedroom Apartments

Noel Village

2158 Chene StDetroit, MI 48207
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Wilner's Arms
1 Bedroom Apartments

Wilner's Arms

133 E Grand BlvdDetroit, MI 48207

Check Out Detroit’s Best Affordable Neighborhoods

Learn about Detroit and the best places to live with original content written by our Local Expert Tim Brown

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Regency Place
1 to 2 Bedroom Apartments

Regency Place

1941 Chene CtDetroit, MI 48207
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Palms Apartments
2 Bedroom Apartments

Palms Apartments

1001 E Jefferson AveDetroit, MI 48207
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Showing Results 1-23, Page 1 of 1

Waterfront, Detroit, MI Local Guide

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 ListingModel NameBed/BathPriced From
Pasadena Investments LLCST/1BStudio,1BA$800
Manchester ApartmentsStudio 1 BathroomStudio,1BA$845
City Place DetroitStudio ApartmentStudio,1BA$900
City Club Apartments Lafayette ParkA4 Aff1BR,1BA$965
Central ParkOne Bedroom1BR,1BA$995

Best Value Apartments for Rent in Waterfront, MI

As of April 23, 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 A2d - Deluxe Model at The Millie on Brush starting at $1,545 with a $1.67 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 ListingModel NameBed/BathPrice Per Sq.Ft.
River PlaceRooftop - 3/23BR,2BA$1.68
The Millie on BrushA2d - Deluxe1BR,1BA$1.67
Central ParkTwo Bedroom2BR,1BA$1.66
Lafayette Park Place - Detroit, MIOne Bedroom1BR,1BA$1.43
Lafayette TowersFisher1BR,1BA$1.48
Palms EastBalcony1BR,1BA$1.62
Manchester Apartments1 Bedroom 1 Bathroom1BR,1BA$1.71
Elmwood TowerOne Bedroom1BR,1BA$1.82
City Club Apartments Lafayette ParkA11BR,1BA$1.90
Pasadena Investments LLCST/1BStudio ,1BA$1.60

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Pet Friendly Lifestyle
Waterfront, Detroit, MI

Ranked #35

Among neighborhoods in Detroit, MI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,491 at Lafayette Towers.

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.

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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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.