
Cheap Apartments for Rent in Ann Arbor, MI from $500 with Washer/Dryer (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Ann Arbor.


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293 Hiscock St

Carleton Court

Lakestone Apartments

Randolph Court

1340 N University Ct

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Sparrow Wood Apartments

3139 Professional Dr

703 S Forest Ave
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.

1018 Gott St

Arbor Landings

802 S Main St

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Tradewind Apartments

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Bradford House

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812 Mary St

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Woodbury Gardens Apartments & Townhomes

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The Haven of Ann Arbor

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Cambridge Club
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.

Arbor Village Apartments

The Park at Sagebrush Circle

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Parc Pointe Apartments

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Villas at Northstar

406 Packard Apartments

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717 W Huron St, Unit 4, Unit 4

Cloverly Village of Ann Arbor

400 Maynard

Summer Sublet 1 in 3 BRs UM Central Campus
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.

Surrey Park

The Barrister

Ashley Manor

McKinley

Carriage House Apartments

West Huron Apartments

Broadview Apartments

536 S 4th Ave

324 S Ashley St
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.

Eastwind Apartments

Ridgewood Apartments

Lynden Parke Apartments (Lynden Parke 154 LLC)

Haverhill on Clark

Flo-Mar Terraces

Arbor Knoll Apartments

Hamptons of Cloverlane Apartments

Willow Ridge Apartments

Golfside Lake
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.
Ann Arbor, MI Local Guide

How much does it cost to rent an apartment in Ann Arbor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ann Arbor Studio Apartments | $1,774 | $1,020 | $2,864 |
| Ann Arbor 1 Bedroom Apartments | $1,824 | $800 | $4,068 |
| Ann Arbor 2 Bedroom Apartments | $2,154 | $846 | $4,349 |
| Ann Arbor 3 Bedroom Apartments | $2,571 | $655 | $4,575 |
| Ann Arbor 4 Bedroom Apartments | $1,989 | $780 | $5,600 |
| Ann Arbor 5 Bedroom Apartments | $2,468 | $895 | $6,850 |
| Ann Arbor 6 Bedroom Apartments | $4,763 | $1,200 | $8,900 |
Explore Ann Arbor
Ann Arbor, MI Local Guide
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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.
Read ArticleDon'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 ArticleThe 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 ArticleCash 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 ArticleQuick 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.
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
See the most popular apartments and homes in Ann Arbor, MI
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 $1,125.
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 $7,879.
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 10,523 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 $1,646 which is $6,233 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

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.

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.

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.

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.