Cheap Apartments for Rent in Ann Arbor, MI from $500 (195 Rentals)

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

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985 Northwood St
Rent Specials
$995 - $1,095
Total Monthly Price

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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Hillcrest / Park Place
Rent Specials
$1,049 - $1,739
Total Monthly Price

Total Monthly Price

Base Rent
$1,049 - $1,739
Total Monthly Price
$1,049 - $1,739
1 to 2 Bedroom Apartments Available Now

Hillcrest / Park Place

1980 Pauline BlvdAnn Arbor, MI 48103
Student Housing
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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
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  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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
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  • 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
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Island Drive
Rent Specials
$1,199 - $1,899
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,899
Total Monthly Price
$1,199 - $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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323 Packard St
Rent Specials
$1,200 - $1,300
Total Monthly Price

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

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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812 Mary St
Rent Specials
$1,200 - $1,300
Total Monthly Price

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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property at 407 N Ashley St

$1,200 - $2,400

Studio To 2 Bedroom Rentals

Available Aug 7

407 N Ashley St

Ann ArborMI48103
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Ann Arbor Woods
Rent Specials
$1,206 - $2,084
Total Monthly Price

Total Monthly Price

Base Rent
$1,206 - $2,084
Total Monthly Price
$1,206 - $2,084
1 to 3 Bedroom Apartments Available Now

Ann Arbor Woods

2167 Medford RdAnn Arbor, MI 48104
Corporate Housing
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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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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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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
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GreenBrier
$1,309 - $1,589
Total Monthly Price

Total Monthly Price

Base Rent
$1,309 - $1,589
Total Monthly Price
$1,309 - $1,589
Studio to 2 Bedroom Apartments Available Now

GreenBrier

3615 Green Brier BlvdAnn Arbor, MI 48105
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Traver Courts
Rent Specials
$1,349 - $2,139
Total Monthly Price

Total Monthly Price

Base Rent
$1,349 - $2,139
Total Monthly Price
$1,349 - $2,139
1 to 2 Bedroom Apartments Available Now

Traver Courts

1505 Natalie LnAnn Arbor, MI 48105
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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 Available Sep 11

Sparrow Wood Apartments

2864 Carpenter RdAnn Arbor, MI 48108
Student Housing
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  • 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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Ann Arbor, MI Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Ann Arbor, MI

Pricing Updated: 07/29/2026

Current apartment rentals in the Ann Arbor, MI area range in price from $750 to $7,200 with an overall median price of $4,438. The three Ann Arbor neighborhoods with the lowest median rent pricing are Barton Plateau Huron River Heights at $750, Old West Side at $1,125, and Glazier Way at $825. 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
Barton Plateau Huron River Heights$1,886$750121
Old West Side$1,925$1,12521
Glazier Way$1,969$825194
Abbot$2,299$99547
Dicken$2,299$99528
Sister Lakes$2,299$99546
Westover Hills$2,299$99544
Huron Parkway$2,599$825205
Burns Park$2,860$82579
Kerrytown$2,875$7505

Cheapest Available Ann Arbor Apartments for Rent

 

The cheapest available apartment rental in Ann Arbor, MI is a 1 Bed unit found at 1803 Hill St in the Northeast Ann Arbor neighborhood priced from $825. Evergreen in the Aspen Ridge Village 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
1803 Hill St1803 Hill St.1BR,3BA$825
EvergreenAbbot1BR,1BA$899
Aspen ChaseAlgonac1BR,1BA$939
The VillasThe Allen1BR,1BA$939
1722 W Liberty St3 Bedroom (Per Person - $967)3BR,2BA$967
985 Northwood St1 Bedroom1BR,1BA$995
Camelot Apartments1BR/1BA Upgraded1BR,1BA$995
The Pines of Cloverlane ApartmentsEspresso1BR,1BA$1,033
Golfside LakeHuron1BR,1BA$1,049

Best Value Apartments for Rent in Ann Arbor, MI

As of July 29, 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 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.
1803 Hill St1803 Hill St.1BR,3.5BA$0.30
807 S Main StHouse3BR,1BA$1.32
533 Elizabeth St, Unit 533 Elizabeth533 Elizabeth St5BR,1BA$0.50
Z Place ApartmentsD2 - 4x24BR,2BA$1.19
1722 W Liberty St3 Bedroom (Per Person - $967)3BR,2BA$0.83
Mulberry Row Apartments2 Bedroom2BR,1BA$1.35
Glencoe HillsAlpena2BR,1BA$1.24
RoundtreeThe Willow2BR,1BA$1.31
Jackson West2 Bedroom2BR,1BA$1.34
Camelot Apartments1BR/1BA Upgraded1BR,1BA$1.24

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

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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 $1,049.

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 $4,438.

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 6,929 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 $1,379 which is $3,059 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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.