Cheap Apartments for Rent in Ann Arbor, MI from $500 (182 Rentals)

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Search the lowest-cost Apartments available for rent right now in Ann Arbor.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 408 E Jefferson St

408 E Jefferson St

Ann ArborMI48104

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 317 E Ann St

317 E Ann St

Ann ArborMI48104

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 903 Mary St

903 Mary St

Ann ArborMI48104
property at 630 Packard St

630 Packard St

Ann ArborMI48104

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Ann Arbor, MI Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Ann Arbor, MI

Pricing Updated: 12/12/2025

Current apartment rentals in the Ann Arbor, MI area range in price from $690 to $17,000 with an overall median price of $11,399. The three Ann Arbor neighborhoods with the lowest median rent pricing are Abbot at $800, Sister Lakes at $800, and Westover Hills at $800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Ann Arbor Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Abbot$1,760$80058
Sister Lakes$1,760$80059
Westover Hills$1,760$80058
Glazier Way$2,309$850309
Bryant Pattengill West$2,570$1,065143
Bryant$2,617$1,065161
Dicken$2,624$1,29936
Haisley$3,225$800263
Carpenter$3,400$1,06587
Liberty Glen$5,000$80081

Cheapest Available Ann Arbor Apartments for Rent

 

The cheapest available apartment rental in Ann Arbor, MI is a 1 Bed unit found at 731 Packard in the Central Ann Arbor neighborhood priced from $850. Aspen Chase in the Aspen Ridge Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $929. Here is today’s list of the most affordable Ann Arbor apartments for rent:

Apartment ListingModel NameBed/BathPriced From
731 PackardSingle Bedroom October to December1BR,$850
Aspen ChaseAlgonac1BR,1BA$929
The VillasThe Carter1BR,1BA$929
South GroveA1BR,1BA$980
The Pines of Cloverlane ApartmentsEspresso1BR,1BA$991
Manchester FlatsThe Adam2BR,1BA$999
Golfside LakeErieStudio,1BA$999
Island DriveOne Bedroom Phase 31BR,1BA$999
Spice Tree1x1 - 1 bdrm med w/ patio1BR,1BA$1,030
Spruce Knob ApartmentsThe Van Gogh1BR,1BA$1,049

Best Value Apartments for Rent in Ann Arbor, MI

As of December 12, 2025 the best value apartment in the Ann Arbor area is the $0.58 price per square foot 1327 Geddes Model at 1327 Geddes Ave in the in the Northeast Ann Arbor neighborhood starting from $1,582. The second greatest value Ann Arbor apartment is the 1315 Washtenaw Model at 1315 Washtenaw Ave starting at $1,444 with a $0.58 price per square foot in the Northeast Ann Arbor neighborhood. Here is today’s list of the best values for Ann Arbor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1327 Geddes Ave1327 Geddes6BR,2.5BA$0.58
1315 Washtenaw Ave1315 Washtenaw5BR,2BA$0.58
City Place Ann ArborCity Townhome6BR,5BA$0.56
510 Mack Rd510 Mack5BR,2BA$0.73
1318 Wilmot St1318 Wilmot6BR,3BA$0.67
507 Mack Rd507 Mack4BR,2BA$0.78
1344 Wilmot Ct1344 Wilmot4BR,2BA$0.87
The Barrister6BR/2.0BA6BR,2BA$0.92
1329 S University Ave1329.5 S. University5BR,2.5BA$0.90
1348 Wilmot Ct1348 Wilmot6BR,2BA$0.94

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Ann Arbor Overview

Ann Arbor is the county seat of Washtenaw County and one of the largest cities in Michigan. According to the census done in 2015, the estimated population of persons living there is 117,070. Ann Arbor boasts of best public schools, research institutions and recreational parks among others. With the great research institutions present, it is a great place to live in, study and work.

Why live in Ann Arbor, MI?

" Ann Arbor is a great place to find an apartment for living. This is because there are many recreational parks, good transportation systems, reliable climate and also good universities as well as research facilities. There are numerous employment opportunities since major companies have been set up as a result of research facilities present. The city is known to have a large number of educated people and therefore technology as well as exposure to great innovations is high. The apartments in the An Arbor area are also relatively fairly priced and hence affordable."

Pet Friendly Lifestyle
Ann Arbor, MI

Ranked #8

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Ann Arbor, MI

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Ann Arbor, MI Rentals by Map

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See the most popular apartments and homes in Ann Arbor, MI

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Ann Arbor, MI Apartments Map
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Getting Around Ann Arbor, MI

Walk Score®

60 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

68 / 100

Bikeable

Some bike infrastructure

Transit Score®

36 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Ann Arbor Apartments

What is a cheap apartment in Ann Arbor?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ann Arbor is under $1,049.

What is the price of a cheap apartment in Ann Arbor?

The cheapest apartment in Ann Arbor is 731 Packard which is listed at $850, while the average apartment in Ann Arbor costs $11,399.

What types of apartments are the cheapest in Ann Arbor?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8,077 regular apartments in Ann Arbor that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Ann Arbor?

Cheap apartments in Ann Arbor have an average cost of $1,207 which is $10,192 cheaper than the average rent for all rentals in Ann Arbor.

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.

Articles, How-To's, and Tips

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.