Cheap Apartments for Rent in Ann Arbor, MI from $750 (207 Rentals)

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985 Northwood St
Rent Specials
$995 - $1,095

Total Monthly Price

Base Rent$995 - $1,095

Total Monthly Price$995 - $1,095
1 Bedroom Apartments Available Now

985 Northwood St

985 Northwood StAnn Arbor, MI 48103
Student Housing
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Island Drive
Rent Specials
$1,099 - $1,899

Total Monthly Price

Base Rent$1,099 - $1,899

Total Monthly Price$1,099 - $1,899
Studio to 3 Bedroom Apartments Available Now

Island Drive

1099 Maiden LnAnn Arbor, MI 48105
Student Housing
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  • Utilities Included
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2018 Pontiac Trl, Unit 1
$1,100

Total Monthly Price

Base Rent$1,100

Total Monthly Price$1,100
1 Bedroom Apartment Available Now

2018 Pontiac Trl, Unit 1

2018 Pontiac TrlAnn Arbor, MI 48105
Furnished
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Nob Hill Apartments
$1,150 - $1,625

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
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Ann Arbor Woods
Rent Specials
$1,164 - $2,044

Total Monthly Price

Base Rent$1,164 - $2,044

Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Ann Arbor Woods

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

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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Forest Plaza Apartments
Rent Specials
$1,195 - $1,395

Total Monthly Price

Base Rent$1,195 - $1,395

Total Monthly Price$1,195 - $1,395
Studio to 1 Bedroom Apartments Available Now

Forest Plaza Apartments

715 S Forest AveAnn Arbor, MI 48104
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Greenway Park Apartments
Rent Specials
$1,195 - $1,345

Total Monthly Price

Base Rent$1,195 - $1,345

Total Monthly Price$1,195 - $1,345
1 to 2 Bedroom Apartments Available Now

Greenway Park Apartments

2756 Golfside DrAnn Arbor, MI 48108
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Traver Crossing
$1,199 - $2,129

Total Monthly Price

Base Rent$1,199 - $2,129

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Traver Crossing

1984 Traver RdAnn Arbor, MI 48105
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812 Mary St
Rent Specials
$1,200 - $1,300

Total Monthly Price

Base Rent$1,200 - $1,300

Total Monthly Price$1,200 - $1,300
1 Bedroom Apartments Available Now

812 Mary St

812 Mary StAnn Arbor, MI 48104
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323 Packard St
Rent Specials
$1,200 - $1,300

Total Monthly Price

Base Rent$1,200 - $1,300

Total Monthly Price$1,200 - $1,300
1 Bedroom Apartments Available Now

323 Packard St

323 Packard StAnn Arbor, MI 48104
Student Housing
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  • Utilities Included
  • 3D Tour

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.

property at 407 N Ashley St
$1,200 - $2,400
Studio To 2 Bedroom Rentals
Available Now
Affordability

407 N Ashley St

Ann ArborMI48103
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Abbey
$1,250 - $3,530

Total Monthly Price

Base Rent$1,250 - $3,530

Total Monthly Price$1,250 - $3,530
3 Bedroom Apartments Available Now

Abbey

909 Church StAnn Arbor, MI 48104
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GreenBrier
$1,279 - $1,559

Total Monthly Price

Base Rent$1,279 - $1,559

Total Monthly Price$1,279 - $1,559
Studio to 2 Bedroom Apartments Available Now

GreenBrier

3615 Green Brier BlvdAnn Arbor, MI 48105
Student Housing
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813 S Main St
Rent Specials
$1,300 - $1,600

Total Monthly Price

Base Rent$1,300 - $1,600

Total Monthly Price$1,300 - $1,600
1 to 2 Bedroom Apartments Available Now

813 S Main St

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

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.

Ann Arbor, MI Local Guide

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Cheapest Neighborhoods for Apartments in Ann Arbor, MI

Pricing Updated: 09/12/2026

Current apartment rentals in the Ann Arbor, MI area range in price from $750 to $7,200 with an overall median price of $1,792. The three Ann Arbor neighborhoods with the lowest median rent pricing are North Burns Park at $1,475, Huron Parkway at $1,568, and Allen at $1,580. 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
North Burns Park$1,475$95012
Huron Parkway$1,568$825320
Allen$1,580$825364
Southeast Ann Arbor$1,580$825311
King$1,585$750363
Angells$1,590$825151
Chapel Hill$1,595$750339
Parkway Meadows$1,595$750177
Bach$1,599$750390
Broadway$1,599$750488

Cheapest Available Ann Arbor Apartments for Rent

 

The cheapest available apartment rental in Ann Arbor, MI is a 3 Beds unit found at 203 E. Davis in the Central Ann Arbor neighborhood priced from $800. 1803 Hill St in the Northeast Ann Arbor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Ann Arbor apartments for rent:

Apartment ListingModel NameBed/BathPriced From
203 E. Davis3BR/1.0BA3BR,1BA$800
1803 Hill St1803 Hill St.1BR,3BA$825
Z West ApartmentsB3 Alt12BR,2BA$846
EvergreenBelmont1BR,1BA$929
Aspen ChaseAlgonac1BR,1BA$949
Varsity Management2BR/1.0BA2BR,1BA$960
The VillasThe Carter1BR,1BA$979
Camelot Apartments1BR/1BA Upgraded1BR,1BA$995

Best Value Apartments for Rent in Ann Arbor, MI

As of September 13, 2026 the best value apartment in the Ann Arbor area is the $0.30 price per square foot 1803 Hill St. Model at 1803 Hill St in the in the Northeast Ann Arbor neighborhood starting from $825. The second greatest value Ann Arbor apartment is the City Townhome Model at City Place Ann Arbor starting at $1,285 with a $0.57 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.
1803 Hill St1803 Hill St.1BR,3.5BA$0.30
City Place Ann ArborCity Townhome6BR,5BA$0.57
518 Monroe StPer Bedroom - Shared House1BR,1BA$0.49
1540 Packard St, Unit Apt 21540 Packard St4BR,2BA$0.49
533 Elizabeth St, Unit 533 Elizabeth533 Elizabeth St5BR,1BA$0.50
Z Place ApartmentsD1 - 4x24BR,2BA$0.99
815 S State St2 Bedroom2BR,1BA$0.77
Truth House - All InclusiveDouble Room - Per Bed - Furnished1BR,1BA$0.87
915 S. Division3 Bedroom3BR,1BA$0.89
912 Brown St2 Bedroom2BR,1BA$0.82

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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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.

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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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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."

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 $995.

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

The cheapest apartment in Ann Arbor is 1803 Hill St which is listed at $825, while the average apartment in Ann Arbor costs $1,792.

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 12,147 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 $1,279 which is $513 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.