
Cheap Homes for Rent in Carpenter Neighborhood of Ann Arbor, MI from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Carpenter area of Ann Arbor.


4194 Packard St
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.

275 Briarcrest Dr

Furnished Studio-Detroit - Ann Arbor - University South
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.

3005 Fernwood Ave
Carpenter, Ann Arbor, MI Local Guide

How much does it cost to rent a home in Carpenter?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Carpenter 2 Bedroom Homes for Rent | $1,859 | $1,295 | $2,200 |
| Carpenter 3 Bedroom Homes for Rent | $2,450 | $2,100 | $3,200 |
| Carpenter 4 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Carpenter Neighborhood of Ann Arbor, MI.
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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 $949. AVIA Lofts on Victors Way has the second lowest priced unit, which is a Studio apartment currently listed from $1,149. 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 | $949 |
| AVIA Lofts on Victors Way | Studio | Studio,1BA | $1,149 |
| South Grove | A | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Carpenter, MI
As of January 13, 2026 the best value apartment in the Carpenter area is the $1.22 price per square foot Grove Loft Model at Cloverly Village of Ann Arbor in the in the Wellesley Gardens neighborhood starting from $1,800. The second greatest value Carpenter apartment is the C1 Model at Blue Heron Pointe starting at $2,229 with a $1.54 price per square foot in the Wellesley Gardens 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. |
|---|---|---|---|
| Cloverly Village of Ann Arbor | Grove Loft | 2BR,2.5BA | $1.22 |
| Blue Heron Pointe | C1 | 3BR,2.5BA | $1.54 |
| Clover Apartments | 2 Bedroom | 2BR,2.5BA | $1.58 |
| Legends Rosewood Village | Aspen | 2BR,2BA | $1.83 |
| Legends Grove | Augusta | 1BR,1BA | $2.13 |
| Mulberry Row Apartments | 2 Bedroom | 2BR,1BA | $1.39 |
| Sparrow Wood | Wrenwood | 1BR,1BA | $1.54 |
| South Grove | Ap | 1BR,1BA | $1.69 |
| Arbor Knoll Apartments | The Bayberry | 1BR,1BA | $1.85 |
| Evergreen | Abbot | 1BR,1BA | $1.66 |
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 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.
Pet Friendly LifestyleCarpenter, Ann Arbor, MI
Ranked #40
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Carpenter
What type of rentals are currently available in Carpenter?
There are currently 58 Apartments for Rent in Carpenter, MI with pricing that ranges from $958 to $3,700. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Carpenter ranging from $1,295 to $3,200.
What is the current price range for Rental Homes in Carpenter?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Carpenter ranges from $1,295 to $3,200 with an average monthly rent of $2,058.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!