
Cheap Apartments for Rent in the Central Ann Arbor Neighborhood of Ann Arbor, MI from $400 (90 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Ann Arbor area of Ann Arbor.


Dean Apartments

Lion

511 E Hoover St

Park Plaza

The Forum Apartments

432 S 4th Ave

316 Thompson St

Total Monthly Price
323 Packard St

526 S 5th Ave
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.

1352 Wilmot Ct

811 S 5th Ave

317 E Ann St

924 Catherine St

Island Drive

420 Hill St

307 Thompson - Furnished Studios

802 S Main St

Total Monthly Price
Medical Center Court

Total Monthly Price
Tradewind Apartments
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.

1340 N University Ct

Fritz Lofts

120 N Division St

715 S Forest Ave

Forest Plaza Apartments

Total Monthly Price
813 S Main St

Carriage House Apartments

Total Monthly Price
812 Mary St

805 E Huron St

Total Monthly Price
The Highlands Apartments
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.

332 E William St

703 S Forest Ave

728 S Main St

Total Monthly Price
118 N Thayer St, Unit Apt1

Total Monthly Price
832 Packard St

Total Monthly Price
912 Brown St

515 Lawrence St

Arbor Valley

331 Packard

731 Packard
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.

Tradewinds Apartments

1104 Packard St

Summer Sublet 1 in 3 BRs UM Central Campus

1028 Fuller St

1223 Hill St

324 E Jefferson St

1100 Hill St

720 S State St

508 S Division St

344 S Division
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Central Ann Arbor, Ann Arbor, MI Local Guide

How much does it cost to rent an apartment in Central Ann Arbor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Ann Arbor Studio Apartments | $1,963 | $1,030 | $2,882 |
| Central Ann Arbor 1 Bedroom Apartments | $2,125 | $600 | $4,043 |
| Central Ann Arbor 2 Bedroom Apartments | $2,373 | $605 | $5,020 |
| Central Ann Arbor 3 Bedroom Apartments | $2,270 | $561 | $4,575 |
| Central Ann Arbor 4 Bedroom Apartments | $2,108 | $675 | $6,100 |
| Central Ann Arbor 5 Bedroom Apartments | $2,499 | $1,299 | $6,250 |
| Central Ann Arbor 6 Bedroom Apartments | $4,498 | $1,295 | $8,900 |
Browse Apartments in this Neighborhood
There are currently 90 rentals with your search options within a 2 mile radius of the Central Ann Arbor Neighborhood of Ann Arbor, MI.
See all Apartments in Ann ArborExplore Ann Arbor
Central Ann Arbor, Ann Arbor, MI Local Guide
- Nearby Ann Arbor neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 511 E Hoover St priced from $600. Z Place Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $999. Here are the most affordable Central Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 511 E Hoover St | #16 1 Bedroom Bi-level WINTER SEMESTER (2max) | 1BR,1BA | $600 |
| Z Place Apartments | B1 Alt1 - 2x1 | 2BR,1BA | $999 |
| 911 South Main Street | Single Bed August to December | 1BR,1BA | $1,100 |
| Z West Apartments | B2 Alt2 | 2BR,2BA | $1,195 |
| Island Drive | Efficiency Phase 3 | Studio,1BA | $1,275 |
| Landmark | 4X2C | 4BR,2BA | $1,315 |
| The Standard at Ann Arbor | Douglas | 4BR,4BA | $1,364 |
| 420 Hill St | S 1 Bedroom | 1BR,1BA | $1,375 |
| 307 Thompson - Furnished Studios | 0B1B | Studio,1BA | $1,399 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1,480 |
Best Value Apartments for Rent in Central Ann Arbor, MI
As of March 15, 2026 the best value apartment in the Central Ann Arbor area is the $0.56 price per square foot City Townhome Model at City Place Ann Arbor in the in the Chapel Hill neighborhood starting from $1,270. The second greatest value Central Ann Arbor apartment is the House Model at 807 S Main St starting at $2,900 with a $1.32 price per square foot in the North Central Ann Arbor neighborhood. Here is today’s list of the best values for Central Ann Arbor apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| City Place Ann Arbor | City Townhome | 6BR,5BA | $0.56 |
| 807 S Main St | House | 3BR,1BA | $1.32 |
| Hideaway Apartments | Traver w/ Two Car Garage | 4BR,3.5BA | $2.05 |
| 720 S Main St | House | 4BR,1BA | $1.97 |
| Six11 | 4BR/4BA - C | 4BR,4BA | $1.42 |
| Tradewind Apartments | Two Bed Bi Level | 2BR,1.5BA | $1.75 |
| Z Place Apartments | B1 Alt2 - 2x1 | 2BR,1BA | $1.21 |
| Traver Crossing | The Au Gres | 1BR,1BA | $1.87 |
| Landmark | 2X1 | 2BR,1BA | $2.05 |
| 511 E Hoover St | #16 1 Bedroom Bi-level WINTER SEMESTER (2max) | 1BR,1BA | $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.
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 LifestyleCentral Ann Arbor, Ann Arbor, MI
Ranked #52
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Central Ann Arbor Apartments
What is a cheap apartment in Central Ann Arbor?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Ann Arbor is under $1,480.
What is the price of a cheap apartment in Central Ann Arbor?
The cheapest apartment in Central Ann Arbor is 511 E Hoover St which is listed at $600, while the average apartment in Central Ann Arbor costs $5,931.
What types of apartments are the cheapest in Central 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 294 regular apartments in Central 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 Central Ann Arbor?
Cheap apartments in Central Ann Arbor have an average cost of $1,865 which is $4,066 cheaper than the average rent for all rentals in Central 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

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.

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.