Cheap Apartments for Rent in Ann Arbor, MI from $500 with Washer/Dryer (47 Rentals)

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

property at 408 E Jefferson St

408 E Jefferson St

Ann ArborMI48104

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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property at 1028 Fuller Rd

1028 Fuller Rd

Ann ArborMI48104

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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1104 Packard St
1 to 6 Bedroom Apartments

1104 Packard St

1104 Packard StAnn Arbor, MI 48104
  • Smoke Free

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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Surrey Park
Studio to 2 Bedroom Apartments

Surrey Park

2501 Keystone LnAnn Arbor, MI 48103
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Fritz Lofts
Studio to 2 Bedroom Apartments

Fritz Lofts

1014 Church StAnn Arbor, MI 48104
Student Housing
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536 S 4th Ave
Studio to 2 Bedroom Apartments

536 S 4th Ave

536-538 S 4th AveAnn Arbor, MI 48104
Student Housing
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Ashley Manor
1 Bedroom Apartments

Ashley Manor

512 N Ashley StAnn Arbor, MI 48103
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McKinley
1 to 4 Bedroom Apartments

McKinley

820-824 Mckinley AveAnn Arbor, MI 48104
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406 Packard Apartments
1 to 2 Bedroom Apartments

406 Packard Apartments

406 Packard StAnn Arbor, MI 48104
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West Huron Apartments
1 to 3 Bedroom Apartments

West Huron Apartments

712 W Huron StAnn Arbor, MI 48103
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Eastwind Apartments
1 to 2 Bedroom Apartments

Eastwind Apartments

2025 S Huron PkyAnn Arbor, MI 48104
  • 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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Broadview Apartments
1 to 2 Bedroom Apartments

Broadview Apartments

1701-1753 Broadview LnAnn Arbor, MI 48105
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324 S Ashley St
1 Bedroom Apartments

324 S Ashley St

324 S Ashley StAnn Arbor, MI 48104
Student Housing
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Heritage House
2 Bedroom Apartments

Heritage House

829 Tappan StAnn Arbor, MI 48104
Student Housing
  • Utilities Included

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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Golfside Lake
Studio to 2 Bedroom Apartments

Golfside Lake

2345 Woodridge WayYpsilanti, MI 48197
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Ann Arbor, MI Local Guide

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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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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Pet Friendly Lifestyle
Ann Arbor, MI

Ranked #7

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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

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Ann Arbor, MI Apartments Map
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Getting Around Ann Arbor, MI

Walk Score®

60 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

68 / 100

Bikeable

Some bike infrastructure

Transit Score®

36 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,030.

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 $11,403.

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 8,087 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 $1,199 which is $10,204 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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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.