
Cheap Apartments for Rent in the Waterfront Neighborhood of Detroit, MI from $600 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Detroit.


Lafayette Towers

Regency Towers

Manchester Apartments

Parkview Senior Apartments

Chene Park Commons
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
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The Pavilion

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City Club Apartments Lafayette Park

Central Park

Lafayette Park Place - Detroit, MI
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Prince Hall

Jean Rivard

Orleans Landing

The Millie on Brush
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Circle Drive Commons
Check Out Detroit’s Best Affordable Neighborhoods
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1565 Cherboneau Pl
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 | $1,167 | $800 | $2,145 |
Waterfront 1 Bedroom Apartments | $1,448 | $878 | $2,570 |
Waterfront 2 Bedroom Apartments | $2,327 | $1,040 | $5,500 |
Waterfront 3 Bedroom Apartments | $2,650 | $1,471 | $4,195 |
Browse Apartments in this Neighborhood
There are currently 27 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 Investments LLC priced from $800. Regency Towers has the second lowest priced unit, which is a Studio apartment currently listed from $840. 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 A | Studio,1BA | $840 |
Manchester Apartments | Studio 1 Bathroom | Studio,1BA | $845 |
City Place Detroit | Studio Apartment | Studio,1BA | $900 |
City Club Apartments Lafayette Park | A4 Aff | 1BR,1BA | $965 |
Central Park | One Bedroom | 1BR,1BA | $995 |
The Pavilion | Lafayette | Studio,1BA | $1,013 |
Lafayette Towers | Cobo | 1BR,1BA | $1,092 |
Elmwood Tower | One Bedroom | 1BR,1BA | $1,094 |
River Place | Apartment - 1/1 | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Waterfront, MI
As of May 10, 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 A3d - Deluxe Model at The Millie on Brush starting at $1,735 with a $1.83 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 |
The Millie on Brush | A3d - Deluxe | 1BR,1BA | $1.83 |
Palms East | 1 Bedroom w/Loft | 1BR,1.5BA | $1.60 |
Central Park | Two Bedroom | 2BR,1BA | $1.66 |
Lafayette Park Place - Detroit, MI | One Bedroom | 1BR,1BA | $1.43 |
Lafayette Towers | Fisher | 1BR,1BA | $1.48 |
Manchester Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.71 |
Elmwood Tower | One Bedroom | 1BR,1BA | $1.82 |
City Club Apartments Lafayette Park | A1 | 1BR,1BA | $1.90 |
Pasadena Investments LLC | ST/1B | Studio ,1BA | $1.60 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleWaterfront, Detroit, MI
Ranked #35
Among neighborhoods in Detroit, MI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet 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 $1,440 at Lafayette Towers.
What is the most affordable Waterfront Three Bedroom Apartment?
The best deal on a cheap Waterfront Three Bedroom Apartment rental is at River Place and starts from $2,100.
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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.