Cheap Apartments for Rent in Ann Arbor, MI from $500 (188 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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1223 Hill St
Rent Specials
$1,145 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $1,350
Total Monthly Price
$1,145 - $1,350
1 Bedroom Apartments Available Aug 28

1223 Hill St

1223 Hill StAnn Arbor, MI 48104
Student Housing
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Hillcrest / Park Place
Rent Specials
$1,149 - $1,739
Total Monthly Price

Total Monthly Price

Base Rent
$1,149 - $1,739
Total Monthly Price
$1,149 - $1,739
1 to 2 Bedroom Apartments Available Now

Hillcrest / Park Place

1980 Pauline BlvdAnn Arbor, MI 48103
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Nob Hill Apartments
$1,150 - $1,625
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,625
Total Monthly Price
$1,150 - $1,625
Studio to 2 Bedroom Apartments Available Jul 6

Nob Hill Apartments

301 Nob Hill CtAnn Arbor, MI 48103
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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 1552 Jones Dr

$1,150 - $1,200

1 Bedroom Rentals

Available Aug 11

1552 Jones Dr

Ann ArborMI48105
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Abbey
$1,177 - $3,530
Total Monthly Price

Total Monthly Price

Base Rent
$1,177 - $3,530
Total Monthly Price
$1,177 - $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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Forest Plaza Apartments
Rent Specials
$1,195 - $1,545
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,545
Total Monthly Price
$1,195 - $1,545
Studio to 1 Bedroom Apartments Available Now

Forest Plaza Apartments

715 S Forest AveAnn Arbor, MI 48104
Student Housing
  • Verified
  • Customer Reviewed
property at 1556 Jones Dr

$1,200 - $1,500

1 Bedroom Rentals

Available Aug 11

1556 Jones Dr

Ann ArborMI48105
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Ann Arbor Woods
Rent Specials
$1,229 - $2,084
Total Monthly Price

Total Monthly Price

Base Rent
$1,229 - $2,084
Total Monthly Price
$1,229 - $2,084
1 to 3 Bedroom Apartments Available Now

Ann Arbor Woods

2167 Medford RdAnn Arbor, MI 48104
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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535 Packard St, Unit 3 and 4
$1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250
1 Bedroom Apartment Available Now

535 Packard St, Unit 3 and 4

535 Packard StAnn Arbor, MI 48104
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813 S Main St
Rent Specials
$1,300 - $1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,600
Total Monthly Price
$1,300 - $1,600
1 to 2 Bedroom Apartments Available Aug 20

813 S Main St

813 S Main StAnn Arbor, MI 48104
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour

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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Sparrow Wood Apartments
$1,350 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $1,500
Total Monthly Price
$1,350 - $1,500
1 to 2 Bedroom Apartments Contact Us For Availability

Sparrow Wood Apartments

2864 Carpenter RdAnn Arbor, MI 48108
Student Housing
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  • Customer Reviewed
  • Utilities Included
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Island Drive
Rent Specials
$1,350 - $2,370
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $2,370
Total Monthly Price
$1,350 - $2,370
Studio to 3 Bedroom Apartments Available Now

Island Drive

1099 Maiden LnAnn Arbor, MI 48105
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 805 E Huron St

$1,350 - $1,450

Studio To 1 Bedroom Rentals

Available Aug 7

805 E Huron St

Ann ArborMI48104

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Ann Arbor, MI Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Ann Arbor, MI

Pricing Updated: 06/14/2026

Current apartment rentals in the Ann Arbor, MI area range in price from $655 to $8,900 with an overall median price of $5,106. The three Ann Arbor neighborhoods with the lowest median rent pricing are Chapel Hill at $709, Thurston at $709, and Northside at $709. 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$1,995$709227
Thurston$2,025$709230
Northside$2,114$709204
Glazier Way$2,232$709223
North Central Ann Arbor$2,235$709156
Abbot$2,299$1,04956
Sister Lakes$2,299$1,04955
Westover Hills$2,299$1,04955
Huron Parkway$2,307$655221
Downtown Ann Arbor$2,426$709100

Cheapest Available Ann Arbor Apartments for Rent

 

The cheapest available apartment rental in Ann Arbor, MI is a 1 Bed unit found at Aspen Chase in the Aspen Ridge Village neighborhood priced from $929. Golfside Lake in the Aspen Ridge Village neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $949. Here is today’s list of the most affordable Ann Arbor apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Aspen ChaseAlgonac1BR,1BA$929
Golfside LakeErieStudio,1BA$949
EvergreenAbbot1BR,1BA$949
912 Sybil St1-Bedroom - August 29, 20261BR,1BA$950
Manchester FlatsThe Burlington1BR,1BA$1,049
RoundtreeThe Birch1BR,1BA$1,099
Jackson West1 Bedroom1BR,1BA$1,105
810 S Main St1 BED1BR,1BA$1,125
Golfview Manor Aparments1 Bd1BR,1BA$1,145
Spruce Knob ApartmentsThe Van Gogh1BR,1BA$1,149

Best Value Apartments for Rent in Ann Arbor, MI

As of June 14, 2026 the best value apartment in the Ann Arbor area is the $1.32 price per square foot House Model at 807 S Main St in the in the North Central Ann Arbor neighborhood starting from $2,900. The second greatest value Ann Arbor apartment is the 1 Bedroom - Shared House Model at 518 Monroe St starting at $1,200 with a $0.59 price per square foot in the Chapel Hill 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.
807 S Main StHouse3BR,1BA$1.32
518 Monroe St1 Bedroom - Shared House1BR,1BA$0.59
Six114BR/4BA - C4BR,4BA$1.36
Vic Village North4B - Deluxe4BR,4BA$1.46
Z Place ApartmentsB1 Alt2 - 2x12BR,1BA$1.21
Mulberry Row Apartments2 Bedroom2BR,1BA$1.39
The VillasThe Archibald2BR,1BA$1.37
RoundtreeThe Birch1BR,1BA$1.29
Glencoe HillsGrand Haven1BR,1BA$1.50
Across From UofM Campus - 1313 S State StShort-Term Lease2BR,1BA$1.19

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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."

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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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 $1,149.

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

The cheapest apartment in Ann Arbor is Aspen Chase which is listed at $929, while the average apartment in Ann Arbor costs $5,106.

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 8,023 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 $1,687 which is $3,419 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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.