Cheap Apartments for Rent in Ann Arbor, MI from $500 (187 Rentals)

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

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203 E Davis Ave
Rent Specials
$950
Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950
6 Bedroom Apartments Available Now

203 E Davis Ave

203 E Davis AveAnn Arbor, MI 48104
Student Housing
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  • Utilities Included
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Haven on Geddes
Rent Specials
$999 - $3,996
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $3,996
Total Monthly Price
$999 - $3,996
3 to 4 Bedroom Apartments Available Aug 17

Haven on Geddes

1700 Geddes AveAnn Arbor, MI 48104
Student Housing
  • Verified
  • 3D Tour
  • Smoke Free

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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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 Now

Nob Hill Apartments

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

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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Sparrow Wood Apartments
$1,300 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $1,500
Total Monthly Price
$1,300 - $1,500
1 to 2 Bedroom Apartments Available Now

Sparrow Wood Apartments

2864 Carpenter RdAnn Arbor, MI 48108
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Ann Arbor Woods
Rent Specials
$1,329 - $2,551
Total Monthly Price

Total Monthly Price

Base Rent
$1,329 - $2,551
Total Monthly Price
$1,329 - $2,551
1 to 3 Bedroom Apartments Available Now

Ann Arbor Woods

2167 Medford RdAnn Arbor, MI 48104
Corporate Housing
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property at 703 S Forest Ave

$1,390 - $2,165

1 To 2 Bedroom Rentals

Available Aug 1

703 S Forest Ave

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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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Ann Arbor, MI

Pricing Updated: 04/29/2026

Current apartment rentals in the Ann Arbor, MI area range in price from $655 to $11,200 with an overall median price of $7,937. 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$2,100$80046
Sister Lakes$2,100$80044
Westover Hills$2,100$80042
Glazier Way$2,405$709285
Dicken$2,699$1,20028
Burns Park$3,019$655114
Northeast Ann Arbor$3,111$655278
Woodhaven Hills$3,111$655272
Allen$3,197$709229
Carpenter$3,197$1,02073

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 $959. The Villas in the Aspen Ridge Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here is today’s list of the most affordable Ann Arbor apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Aspen ChaseAlgonac1BR,1BA$959
The VillasThe Allen1BR,1BA$999
EvergreenBelmont1BR,1BA$1,029
Lakestone ApartmentsOne Bedroom1BR,1BA$1,038
Camelot Apartments2BR/1BA - Upgrade2BR,1BA$1,060
Hidden Valley ClubThe Rivard1BR,1BA$1,060
912 Sybil StStudioStudio,1BA$1,090
810 S Main St1 BED1BR,1BA$1,125
Golfview Manor Aparments1 Bd1BR,1BA$1,145

Best Value Apartments for Rent in Ann Arbor, MI

As of April 29, 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
Clover Apartments3 Bedroom3BR,2.5BA$1.45
Six114BR/4BA - E4BR,4BA$1.43
Sparrow Wood ApartmentsSparrow Wood2BR,2BA$1.41
Lakestone ApartmentsTwo Bedroom2BR,1BA$1.51
Z Place ApartmentsB1 Alt2 - 2x12BR,1BA$1.21
Camelot Apartments2BR/1BA - Upgrade2BR,1BA$1.18
Mulberry Row Apartments2 Bedroom2BR,1BA$1.39
RoundtreeThe Birch1BR,1BA$1.36

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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

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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 $1,145.

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

The cheapest apartment in Ann Arbor is Aspen Chase which is listed at $959, while the average apartment in Ann Arbor costs $7,937.

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 10,263 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 $1,685 which is $6,252 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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.