Cheap Apartments for Rent in Ann Arbor, MI from $500 (167 Rentals)

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

property at 1328 Geddes Ave

1328 Geddes Ave

Ann ArborMI48104
property at 540 Walnut St

540 Walnut St

Ann ArborMI48104

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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property at 1116 White St

1116 White St

Ann ArborMI48104
property at 408 E Jefferson St

408 E Jefferson St

Ann ArborMI48104

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 317 E Ann St

317 E Ann 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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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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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: 10/24/2025

Current apartment rentals in the Ann Arbor, MI area range in price from $799 to $10,550 with an overall median price of $7,881. The three Ann Arbor neighborhoods with the lowest median rent pricing are Carpenter at $1,275, Orchard Hills Maplewood at $2,700, and Haisley at $1,400. 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
Carpenter$2,750$1,27523
Orchard Hills Maplewood$3,300$2,7004
Haisley$3,350$1,40036
North Campus Plaza$3,535$1,50013
Bryant Pattengill West$3,600$1,45015
Bryant$3,800$1,27527
Abbot$4,050$1,40039
Dicken$4,050$1,40019
Sister Lakes$4,050$1,40034
Westover Hills$4,050$1,40034

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. Ann Arbor Woods in the Northeast Ann Arbor 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
731 PackardSingle Bedroom October to December1BR,$850
Ann Arbor WoodsOne Bedroom One Bath1BR,1BA$899
EvergreenCarpenter1BR,1BA$929
The VillasThe Allen1BR,1BA$949
Across From UofM Campus - 1313 S State StShared unit - 1 Bed - Now Available1BR,1BA$950
The Pines of Cloverlane ApartmentsMocha1BR,1BA$970
Hidden Valley ClubThe Rivard1BR,1BA$979
2211 Dexter Ave2bed2BR,1BA$995
Hillcrest / Park PlaceThe Sycamore1BR,1BA$999
Aspen ChaseAlpena2BR,1BA$999

Best Value Apartments for Rent in Ann Arbor, MI

As of October 24, 2025 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 home Model at 807 S Main St starting at $2,750 with a $1.25 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 Sthome3BR,1BA$1.25
828 Greene St6-Unit Suite6BR,2BA$0.61
Cloverly Village of Ann ArborGrove Loft2BR,2.5BA$1.22
Traver CrossingThe Cheboygan2BR,1BA$1.12
817 Arch StTwo-Bedroom - Classic2BR,1BA$1.40
Mulberry Row Apartments2 Bedroom2BR,1BA$1.39
Jackson West1 Bed, 1 Bath1BR,1BA$1.36
2211 Dexter Ave2bed2BR,1BA$1.33
Hidden Valley ClubThe Rivard1BR,1BA$1.42

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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 #7

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 the Cheapest Studio apartment in Ann Arbor?

Currently the most affordable Cheap Studio Apartment in Ann Arbor is at AVIA Lofts on Victors Way listed at $999.

How much is rent for a Cheap One Bedroom Ann Arbor Apartment?

The lowest price for a Cheap One Bedroom Ann Arbor Apartment is $850 at 731 Packard.

What is the lowest price for a Cheap Two Bedroom Ann Arbor Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Ann Arbor is starting from $995 at 2211 Dexter Ave.

What is the most affordable Ann Arbor Three Bedroom Apartment?

The best deal on a cheap Ann Arbor Three Bedroom Apartment rental is at Arbor Village Apartments and starts from $1,405.

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.

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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! 

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.