Cheap Apartments for Rent in Ann Arbor, MI from $500 (189 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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.

Read Article

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.

Read Article
property at 317 E Ann St

$1,260 - $2,000

1 To 2 Bedroom Rentals

Available Now

317 E Ann 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.

Read Article
property at 1028 Fuller Rd

$1,335 - $1,805

1 To 2 Bedroom Rentals

Available Now

1028 Fuller Rd

Ann ArborMI48104
property at 785 N Maple Rd

$1,350 - $2,200

1 To 3 Bedroom Rentals

Available Now

785 N Maple Rd

Ann ArborMI48103
property at 630 Packard St

$1,350 - $1,500

Studio To 1 Bedroom Rentals

Available Aug 21

630 Packard St

Ann ArborMI48104

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-50, Page 1 of 4

Ann Arbor, MI Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Ann Arbor, MI

Pricing Updated: 01/28/2026

Current apartment rentals in the Ann Arbor, MI area range in price from $690 to $17,000 with an overall median price of $11,366. 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$1,799$80047
Sister Lakes$1,799$80047
Westover Hills$1,799$80046
Glazier Way$2,521$850328
Bryant$2,546$921187
Bryant Pattengill West$2,550$921150
Dicken$2,624$1,20029
Haisley$3,225$800249
Carpenter$3,500$921104
Kerrytown$4,700$8496

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. Evergreen 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
EvergreenAbbot1BR,1BA$899
Aspen ChaseAlgonac1BR,1BA$899
Golfside LakeErieStudio,1BA$949
Z Place ApartmentsB1 Alt1 - 2x12BR,1BA$999
The Pines of Cloverlane ApartmentsEspresso1BR,1BA$1,037
Lakestone ApartmentsOne Bedroom1BR,1BA$1,038
Manchester FlatsThe Burlington1BR,1BA$1,079

Best Value Apartments for Rent in Ann Arbor, MI

As of January 28, 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 510 Mack Model at 510 Mack Rd starting at $1,375 with a $0.68 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.
City Place Ann ArborCity Townhome6BR,5BA$0.56
510 Mack Rd510 Mack5BR,2BA$0.68
1318 Wilmot St1318 Wilmot6BR,3BA$0.65
1105 Freesia Ct, Unit 6901105 Freesia Ct4BR,2BA$0.38
507 Mack Rd507 Mack4BR,2BA$0.78
1329 S University Ave1329.5 S. University5BR,2.5BA$0.86
Cloverly Village of Ann ArborGrove Loft2BR,2.5BA$1.22
533 Elizabeth St, Unit 2533 Elizabeth St6BR,1BA$0.71
Z Place ApartmentsB1 Alt2 - 2x12BR,1BA$1.21
The VillasThe Archibald2BR,1BA$1.28

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Decorative image of map

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

View Map
Ann Arbor, MI Apartments Map
View Map
Ann Arbor, MI Rental Homes Map

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 $1,079.

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 $11,366.

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 9,792 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 $1,603 which is $9,763 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 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.