Cheap Apartments for Rent in the Central Ann Arbor Neighborhood of Ann Arbor, MI from $600 (104 Rentals)

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

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property at 408 E Jefferson St

408 E Jefferson St

Ann ArborMI48104
property at 317 E Ann St

317 E Ann St

Ann ArborMI48104
property at 903 Mary St

903 Mary St

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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property at 630 Packard St

630 Packard St

Ann ArborMI48104
property at 1028 Fuller Rd

1028 Fuller Rd

Ann ArborMI48104

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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property at 322 S Division St

322 S Division St

Ann ArborMI48104
property at 1322 S Forest Ave

1322 S Forest Ave

Ann ArborMI48104
property at 226 Packard St

226 Packard St

Ann ArborMI48104
property at 927 S Forest Ave

927 S Forest Ave

Ann ArborMI48104
property at 705 S Division St

705 S Division St

Ann ArborMI48104

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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property at 316 N State St

316 N State St

Ann ArborMI48104
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331 Packard
Studio to 3 Bedroom Apartments

331 Packard

331 PackardAnn Arbor, MI 48104
Student Housing
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Arbor Valley
Studio to 2 Bedroom Apartments

Arbor Valley

1550-1552 Plymouth RdAnn Arbor, MI 48105
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Brown Street Apartments
2 Bedroom Apartments

Brown Street Apartments

824 Brown StAnn Arbor, MI 48104
Student Housing
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Tradewinds Apartments
1 to 2 Bedroom Apartments

Tradewinds Apartments

921 S Main StAnn Arbor, MI 48104
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1104 Packard St
1 to 6 Bedroom Apartments

1104 Packard St

1104 Packard StAnn Arbor, MI 48104
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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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Central Ann Arbor, Ann Arbor, MI Local Guide

Cheapest Available Central Ann Arbor Apartments for Rent

 

The cheapest available apartment rental in the Central Ann Arbor area of Ann Arbor, MI is a 1 Bed unit found at 731 Packard priced from $850. Island Drive has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here are the most affordable Central Ann Arbor apartments for rent in Ann Arbor, MI:

Apartment ListingModel NameBed/BathPriced From
731 PackardSingle Bedroom October to December1BR,$850
Island DriveOne Bedroom Phase 31BR,1BA$999
1100 Hill St2 Bed/1 Bath AVAILABLE NOW!2BR,1BA$1,090
Traver CrossingThe Au Gres1BR,1BA$1,199
Foundry LoftsB2b-2x2 Double Occupant2BR,2BA$1,220
Landmark4X2C4BR,2BA$1,315
809 E Kingsley StSmall Unit1BR,1BA$1,400
Forest Plaza Apartments1 bedroom1BR,1BA$1,410
The Highlands Apartments1 Bedroom1BR,1BA$1,495
323 Packard St1 Bedroom1BR,1BA$1,500

Best Value Apartments for Rent in Central Ann Arbor, MI

As of December 10, 2025 the best value apartment in the Central Ann Arbor area is the $0.58 price per square foot 1327 Geddes Model at 1327 Geddes Ave in the in the Northeast Ann Arbor neighborhood starting from $1,582. The second greatest value Central Ann Arbor apartment is the 1315 Washtenaw Model at 1315 Washtenaw Ave starting at $1,444 with a $0.58 price per square foot in the Northeast Ann Arbor neighborhood. Here is today’s list of the best values for Central Ann Arbor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1327 Geddes Ave1327 Geddes6BR,2.5BA$0.58
1315 Washtenaw Ave1315 Washtenaw5BR,2BA$0.58
City Place Ann ArborCity Townhome6BR,5BA$0.56
510 Mack Rd510 Mack5BR,2BA$0.73
1318 Wilmot St1318 Wilmot6BR,3BA$0.67
507 Mack Rd507 Mack4BR,2BA$0.78
1344 Wilmot Ct1344 Wilmot4BR,2BA$0.87
The Barrister6BR/2.0BA6BR,2BA$0.92
1329 S University Ave1329.5 S. University5BR,2.5BA$0.90
1348 Wilmot Ct1348 Wilmot6BR,2BA$0.94

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
Central Ann Arbor, Ann Arbor, MI

Ranked #43

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Central Ann Arbor Neighborhood in Ann Arbor, MI

Walk Score®

91 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

89 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

70 / 100

Excellent Transit

Transit is convenient for most trips

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 Central Ann Arbor Apartments

What is the Cheapest Studio apartment in Central Ann Arbor?

Currently the most affordable Cheap Studio Apartment in Central Ann Arbor is at Island Drive listed at $1,395.

How much is rent for a Cheap One Bedroom Central Ann Arbor Apartment?

The lowest price for a Cheap One Bedroom Central Ann Arbor Apartment is $850 at 731 Packard.

What is the lowest price for a Cheap Two Bedroom Central Ann Arbor Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central Ann Arbor is starting from $1,090 at 1100 Hill St.

What is the most affordable Central Ann Arbor Three Bedroom Apartment?

The best deal on a cheap Central Ann Arbor Three Bedroom Apartment rental is at Foundry Lofts and starts from $1,549.

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

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.