Cheap Apartments for Rent in Ann Arbor, MI from $400 (173 Rentals)

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

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Abbey
Rent Specials
$453 - $3,530
Total Monthly Price

Total Monthly Price

Base Rent
$453 - $3,530
Total Monthly Price
$453 - $3,530
2 to 3 Bedroom Apartments Available Aug 16

Abbey

909 Church StAnn Arbor, MI 48104
Student Housing
  • Verified
  • Utilities Included

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323 Packard St
Rent Specials
$1,100 - $1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,800
Total Monthly Price
$1,100 - $1,800
Studio to 1 Bedroom Apartments Available Now

323 Packard St

323 Packard StAnn Arbor, MI 48104
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
property at 526 S 5th Ave

$1,100 - $3,420

1 To 3 Bedroom Rentals

Available Aug 7

526 S 5th Ave

Ann ArborMI48104

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The Haven of Ann Arbor
Rent Specials
$1,395 - $2,976
Total Monthly Price

Total Monthly Price

Base Rent
$1,361 - $2,942
Required Monthly Fees
$34
Total Monthly Price
$1,395 - $2,976
Studio to 2 Bedroom Apartments Available Now

The Haven of Ann Arbor

459 Village Green BlvdAnn Arbor, MI 48105
Furnished
  • Verified
  • Customer Reviewed
  • Low Income

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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: 03/15/2026

Current apartment rentals in the Ann Arbor, MI area range in price from $561 to $8,900 with an overall median price of $4,981. The three Ann Arbor neighborhoods with the lowest median rent pricing are Chapel Hill at $561, Thurston at $561, and Northside at $561. 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
Chapel Hill$2,100$561438
Thurston$2,147$561450
Northside$2,195$561385
King$2,239$561374
North Central Ann Arbor$2,377$561296
Abbot$2,424$80060
Sister Lakes$2,424$80058
Westover Hills$2,424$80057
Downtown Ann Arbor$2,475$605224
Bryant Pattengill West$2,656$1,258148

Cheapest Available Ann Arbor Apartments for Rent

 

The cheapest available apartment rental in Ann Arbor, MI is a 1 Bed unit found at 511 E Hoover St in the Central Ann Arbor neighborhood priced from $600. Aspen Chase in the Aspen Ridge Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Ann Arbor apartments for rent:

Apartment ListingModel NameBed/BathPriced From
511 E Hoover St#16 1 Bedroom Bi-level WINTER SEMESTER (2max)1BR,1BA$600
Aspen ChaseAlgonac1BR,1BA$899
Golfside LakeErieStudio,1BA$979
The VillasThe Duckworth1BR,1BA$999
Z Place ApartmentsB1 Alt1 - 2x12BR,1BA$999
EvergreenCarpenter1BR,1BA$1,049
911 South Main StreetSingle Bed August to December1BR,1BA$1,100
Greenway Park Apartments1 Bedroom1BR,1BA$1,145
Nob Hill Apartments0B1BStudio,1BA$1,150
South GroveA1BR,1BA$1,160

Best Value Apartments for Rent in Ann Arbor, MI

As of March 15, 2026 the best value apartment in the Ann Arbor area is the $0.56 price per square foot City Townhome Model at City Place Ann Arbor in the in the Chapel Hill neighborhood starting from $1,270. The second greatest value Ann Arbor apartment is the House Model at 807 S Main St starting at $2,900 with a $1.32 price per square foot in the North Central 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.
City Place Ann ArborCity Townhome6BR,5BA$0.56
807 S Main StHouse3BR,1BA$1.32
The Fountain BLU2 Bedroom2BR,3BA$1.50
Cloverly Village of Ann ArborGrove Loft2BR,2.5BA$1.22
Six114BR/4BA - C4BR,4BA$1.42
Z Place ApartmentsB1 Alt2 - 2x12BR,1BA$1.21
Mulberry Row Apartments2 Bedroom2BR,1BA$1.39
The VillasThe Cole2BR,1BA$1.28
RoundtreeThe Birch1BR,1BA$1.41
511 E Hoover St#16 1 Bedroom Bi-level WINTER SEMESTER (2max)1BR,1BA$0.94

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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

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

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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."

Best Local Schools in
Ann Arbor, MI

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

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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 $1,160.

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

The cheapest apartment in Ann Arbor is 511 E Hoover St which is listed at $600, while the average apartment in Ann Arbor costs $4,981.

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 12,771 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 $1,763 which is $3,218 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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.