River Place
500 River Place Dr,
Detroit, MI 48207
$1,200 - $2,275 | 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 April 2025, the average apartment rent in Rivertown is $801 for a studio, $1,346 for one bedroom, $2,013 for two bedrooms, and $2,475 for three bedrooms. Apartment rent in Rivertown has increased by 0.6% 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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733 sq ft
Average Sq Ft
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$1,346/month
Average Rent
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2 BR
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1,142 sq ft
Average Sq Ft
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$2,013/month
Average Rent
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3 BR
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1,255 sq ft
Average Sq Ft
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$2,475/month
Average Rent
Transportation
83
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
56
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
83
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
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
Airports
- Detroit Metro Wayne County
Top Apartments in Rivertown
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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 2025.