
Cheap Apartments for Rent in the Carpenter Neighborhood of Ann Arbor, MI from $800 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Carpenter area of Ann Arbor.


2915 Chesterfield St

Carleton Court

Hidden Valley Club

Arbor Apartments

Mulberry Row Apartments

Homestead Commons
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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AVIA Lofts on Victors Way

South Grove Apartments

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Sparrow Wood Apartments

Mill Creek Townhomes

Cloverly Village of Ann Arbor

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Legends Grove

ReNew 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.

Spruce Knob Apartments

4206 Packard St

275 Briarcrest Dr

3166 Platt Rd

Ridgewood Apartments

Arbor Knoll Apartments

Clover Apartments
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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5748 Hampshire Ln, Unit 5748 Hampshire Lane

3254 Primrose Ln
Carpenter, Ann Arbor, MI Local Guide

How much does it cost to rent an apartment in Carpenter?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Carpenter Studio Apartments | $2,279 | $1,020 | $2,663 |
| Carpenter 1 Bedroom Apartments | $2,477 | $899 | $3,607 |
| Carpenter 2 Bedroom Apartments | $2,767 | $1,179 | $4,329 |
| Carpenter 3 Bedroom Apartments | $3,234 | $1,365 | $4,956 |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Carpenter Neighborhood of Ann Arbor, MI.
See all Apartments in Ann ArborExplore Ann Arbor
Carpenter, Ann Arbor, MI Local Guide
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Cheapest Available Carpenter Apartments for Rent
 The cheapest available apartment rental in the Carpenter area of Ann Arbor, MI is a 1 Bed unit found at Evergreen priced from $899. Homestead Commons has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,295. Here are the most affordable Carpenter apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Evergreen | Abbot | 1BR,1BA | $899 |
| Homestead Commons | B | 2BR,1BA | $1,295 |
| South Grove Apartments | AMHERST | 2BR,1BA | $1,340 |
| Mulberry Row Apartments | 2 Bedroom | 2BR,1BA | $1,350 |
| Mill Creek Townhomes | 1 Bedroom | 1BR,1BA | $1,395 |
Best Value Apartments for Rent in Carpenter, MI
As of July 13, 2026 the best value apartment in the Carpenter area is the $1.84 price per square foot 3 Bed + 2 Bed Model at Deen's Yard on South State in the in the Wellesley Gardens neighborhood starting from $3,500. The second greatest value Carpenter apartment is the 5748 Hampshire Ln Model at 5748 Hampshire Ln, Unit 5748 Hampshire Lane starting at $2,000 with a $1.52 price per square foot in the Ypsilanti neighborhood. Here is today’s list of the best values for Carpenter apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Deen's Yard on South State | 3 Bed + 2 Bed | 3BR,2.5BA | $1.84 |
| 5748 Hampshire Ln, Unit 5748 Hampshire Lane | 5748 Hampshire Ln | 2BR,2.5BA | $1.52 |
| Legends Rosewood Village | Aspen | 2BR,2BA | $1.84 |
| ReNew Ann Arbor | The Maple | 2BR,2BA | $2.09 |
| Mulberry Row Apartments | 2 Bedroom | 2BR,1BA | $1.35 |
| Hidden Valley Club | The Fordcroft | 2BR,2BA | $1.56 |
| South Grove Apartments | AMHERST | 2BR,1BA | $1.49 |
| Mill Creek Townhomes | 1 Bedroom | 1BR,1BA | $2.02 |
| Homestead Commons | A | 1BR,1BA | $2.21 |
| Evergreen | Belmont | 1BR,1BA | $1.60 |
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 ArticleReal 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.
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.
Pet Friendly LifestyleCarpenter, Ann Arbor, MI
Ranked #29
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Carpenter Apartments
How much is rent for a Cheap One Bedroom Carpenter Apartment?
The lowest price for a Cheap One Bedroom Carpenter Apartment is $899 at Evergreen.
What is the lowest price for a Cheap Two Bedroom Carpenter Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Carpenter is starting from $1,295 at Homestead Commons.
What is the most affordable Carpenter Three Bedroom Apartment?
The best deal on a cheap Carpenter Three Bedroom Apartment rental is at Evergreen and starts from $1,449.
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

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.

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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.