River Place
500 River Place Dr,
Detroit, MI 48207
$1,200 - $1,950
1-3 Beds
Rivertown
Detroit, MI
Rivertown - Detroit, MI Area Guide
Detroit’s fastest growing neighborhood along the Detroit River
Up-and-Coming
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Urban
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River
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Restaurants
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Nightlife
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Entertainment
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Also called the Warehouse District, Rivertown is a trendy urban locale and is one of the city’s fastest-growing neighborhoods. Once filled with warehouses and factories a decade ago, Rivertown now offers upscale converted lofts and condos, but there are more affordable rental options available as well. Located in Downtown Detroit and nestled along the Detroit River, Rivertown boasts an amazing location and abundant amenities. Along with housing excellent restaurants, retailers, and nightlife spots, Rivertown has several waterfront green spaces for residents to enjoy. You’ll find locals strolling along the scenic Detroit Riverwalk at the William G. Milliken State Park and Harbor, catching a show at the Aretha Franklin Amphitheatre, or cooling off at the Mount Elliott Park splash pad during the summer. The neighborhood is also convenient to Belle Isle Park, a 982-acre green space with an aquarium, beach, and so much more. If you want the ultimate urban living experience, Rivertown might be your new home.
Rent Trends
As of May 2026, the average apartment rent in Rivertown is $801 for a studio, $1,358 for one bedroom, $1,976 for two bedrooms, and $2,331 for three bedrooms. Apartment rent in Rivertown has decreased by -0.3% in the past year.
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Studio
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500 sq ft
Average Sq Ft
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$801/month
Average Rent
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1 BR
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736 sq ft
Average Sq Ft
-
$1,358/month
Average Rent
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2 BR
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1,142 sq ft
Average Sq Ft
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$1,976/month
Average Rent
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3 BR
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1,255 sq ft
Average Sq Ft
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$2,331/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Rivertown - Detroit, MI is for everyday living.
Moderately Walkable
Walkability
60
/ 100
Some Public Transit
Transit
40
/ 100
Very Drivable
Drivability
80
/ 100
Very Bikeable
Bikeability
80
/ 100
Daily Essentials
Rivertown - Detroit, MI offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 5 Minute Walk
Groceries
90
/ 100
Good Restaurant Variety Nearby
Restaurants
60
/ 100
Good Café Variety Nearby
Cafes
60
/ 100
Good Variety of Shops Nearby
Shopping
60
/ 100
Recreation
Rivertown - Detroit, MI provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
70
/ 100
Fair Wellness Amenity Variety Nearby
Wellness
40
/ 100
Local Vibe
Get a sense of what it’s like to live in Rivertown - Detroit, MI from everyday activity to noise and nightlife.
Vibrant Atmosphere at Times
Vibrancy
40
/ 100
Fair Nightlife Variety Nearby
Nightlife
50
/ 100
Not Noisy
Quiet Score
90
/ 100
Scores provided by
Points of Interest
Shopping Centers
Parks and Recreation
- Chene Park
- William G. Milliken State Park & Harbor
- RiverWalk
- Motor Cities National Heritage Area
- Hart Plaza
Transit / Subway
Commuter Rail
Military Bases
Airports
- Detroit Metro Wayne County
Top Apartments in Rivertown
Houses for Rent in Rivertown
Property Management Companies
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.