1241 Island Dr, Unit 2
1241 Island Dr
Ann ArborMI48105
Cheap Apartments for Rent in the Central Ann Arbor Neighborhood of Ann Arbor, MI from $500 (160 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Ann Arbor area of Ann Arbor.
533 Elizabeth St
Ann ArborMI48104
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$750
Total Monthly Price
5 Bedroom Apartment Available NowTotal Monthly Price
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$750
Total Monthly Price
$750
533 Elizabeth St, Unit 533 Elizabeth
533 Elizabeth StAnn Arbor, MI 48104
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$825 - $8751 Bedroom Apartments Available Now
1803 Hill St
1803 Hill StAnn Arbor, MI 48104
533 Elizabeth St
Ann ArborMI48104
1116 Packard St
Ann ArborMI48104
707 S Division St
Ann ArborMI48104
926 Dewey
Ann ArborMI48104
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Rent Specials
$999 - $4,3963 Bedroom Apartments Available Aug 17
Haven on Geddes
1700 Geddes AveAnn Arbor, MI 48104
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$1,058 - $2,8002 Bedroom Apartments Available Aug 29
Dean Apartments
1021 Vaughn StAnn Arbor, MI 48104
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1544 Jones Dr
Ann ArborMI48105
1552 Jones Dr
Ann ArborMI48105
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$1,177 - $3,530
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2 to 3 Bedroom Apartments Available Aug 16Total Monthly Price
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$1,177 - $3,530
Total Monthly Price
$1,177 - $3,530
Abbey
909 Church StAnn Arbor, MI 48104
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$1,195 - $1,545
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,195 - $1,545
Total Monthly Price
$1,195 - $1,545
Forest Plaza Apartments
715 S Forest AveAnn Arbor, MI 48104
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$1,200 - $1,300
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1 Bedroom Apartments Available NowTotal Monthly Price
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$1,200 - $1,300
Total Monthly Price
$1,200 - $1,300
812 Mary St
812 Mary StAnn Arbor, MI 48104
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$1,200 - $1,300
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
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$1,200 - $1,300
Total Monthly Price
$1,200 - $1,300
323 Packard St
323 Packard StAnn Arbor, MI 48104
407 N Ashley St
Ann ArborMI48103
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$1,224 - $1,899
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,224 - $1,899
Total Monthly Price
$1,224 - $1,899
Island Drive
1099 Maiden LnAnn Arbor, MI 48105
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$1,240 - $1,285Studio to 1 Bedroom Apartments Available Aug 31
332 E William St
332 E William StAnn Arbor, MI 48104
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$1,250
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
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$1,250
Total Monthly Price
$1,250
535 Packard St, Unit 3 and 4
535 Packard StAnn Arbor, MI 48104
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
1556a Jones Dr
Ann ArborMI48105
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$1,300 - $1,600
Total Monthly Price
1 to 2 Bedroom Apartments Available Aug 20Total Monthly Price
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$1,300 - $1,600
Total Monthly Price
$1,300 - $1,600
813 S Main St
813 S Main StAnn Arbor, MI 48104
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$1,300 - $2,0002 Bedroom Apartments Available Aug 7
528 S 5th Ave
528 S 5th AveAnn Arbor, MI 48104
805 E Huron St
Ann ArborMI48104
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$1,350 - $1,925
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,350 - $1,925
Total Monthly Price
$1,350 - $1,925
Tradewind Apartments
121 E Hoover AveAnn Arbor, MI 48104
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$1,350 - $1,450Studio Apartments Available Aug 29
414 Division
414 S Division StAnn Arbor, MI 48104
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$1,375 - $1,9751 to 2 Bedroom Apartments Available Now
420 Hill St
420 Hill StAnn Arbor, MI 48104
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$1,395 - $1,995
Total Monthly Price
2 to 3 Bedroom Apartments Available Aug 28Total Monthly Price
Base Rent
$1,395 - $1,995
Total Monthly Price
$1,395 - $1,995
Michigan Terrace
1025 Packard StAnn Arbor, MI 48104
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$1,399 - $3,8991 to 4 Bedroom Apartments Contact Us For Availability
The Viscount
1316 Geddes AveAnn Arbor, MI 48104
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$1,399 - $2,109
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,399 - $2,109
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Varies
Traver Crossing
1984 Traver RdAnn Arbor, MI 48105
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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$1,408 - $3,5002 to 3 Bedroom Apartments Available Now
The Algonquin
1330 N University AveAnn Arbor, MI 48104
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$1,425 - $1,4502 Bedroom Apartments Contact Us For Availability
802 S Main St
802 S Main StAnn Arbor, MI 48104
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Rent Specials
$1,449 - $1,550Studio Apartments Available Now
307 Thompson - Furnished Studios
307 Thompson StAnn Arbor, MI 48104
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$1,495 - $2,500Studio to 2 Bedroom Apartment Available Aug 1
522 N Division St
522 N Division StAnn Arbor, MI 48104
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$1,4952 Bedroom Apartments Available Aug 29
Fritz Lofts
1014 Church StAnn Arbor, MI 48104
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Rent Specials
$1,500 - $2,250
Total Monthly Price
1 to 2 Bedroom Apartments Available Aug 20Total Monthly Price
Base Rent
$1,500 - $2,250
Total Monthly Price
$1,500 - $2,250
832 Packard St
832 Packard StAnn Arbor, MI 48104
1556 Jones Dr
Ann ArborMI48105
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$1,500 - $2,4001 to 2 Bedroom Apartments Available Now
503 Church St
503 Church StAnn Arbor, MI 48104
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$1,550 - $2,1572 Bedroom Apartments Available Now
125 Hill Street Apartments
125 Hill StAnn Arbor, MI 48104
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$1,555 - $1,850
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,555 - $1,850
Total Monthly Price
$1,555 - $1,850
The Highlands Apartments
1681-1699 Broadway StAnn Arbor, MI 48105
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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$1,599 - $1,6992 Bedroom Apartments Available Aug 29
817 Arch St
817 Arch StAnn Arbor, MI 48104
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$1,600 - $2,2652 Bedroom Apartments Available Now
Heritage House
829 Tappan StAnn Arbor, MI 48104
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Rent Specials
$1,600 - $2,0001 to 2 Bedroom Apartments Available Aug 1
607 Hill St
607 Hill StAnn Arbor, MI 48104
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$1,600
Total Monthly Price
2 Bedroom Apartment Available Aug 10Total Monthly Price
Base Rent
$1,600
Total Monthly Price
$1,600
1411 Golden Ave, Unit 3
1411 Golden AveAnn Arbor, MI 48104
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$1,6001 Bedroom Apartments Available Aug 24
1303 Wilmot St, Unit 21
1303 Wilmot StAnn Arbor, MI 48104
109 N Thayer St
Ann ArborMI48104
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$1,650 - $2,065
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
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$1,650 - $2,065
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Varies
Bradford House
1010 Catherine StAnn Arbor, MI 48104
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$1,700 - $5,0001 to 5 Bedroom Apartments Available Aug 5
Kingsley Apartments
721-723 E Kingsley StAnn Arbor, MI 48104
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$1,750 - $2,2002 Bedroom Apartments Available Soon
628 Packard St
628 Packard StAnn Arbor, MI 48104
1014 Granger Ave
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.
Showing Results 1-50, Page 1 of 4
Central Ann Arbor, Ann Arbor, MI Local Guide
Copyright CoStar Group, Inc
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 | $1,821 | $1,195 | $2,650 |
| Central Ann Arbor 1 Bedroom Apartments | $1,718 | $825 | $2,975 |
| Central Ann Arbor 2 Bedroom Apartments | $2,182 | $846 | $4,175 |
| Central Ann Arbor 3 Bedroom Apartments | $2,614 | $949 | $4,575 |
| Central Ann Arbor 4 Bedroom Apartments | $1,824 | $900 | $4,400 |
| Central Ann Arbor 5 Bedroom Apartments | $2,257 | $750 | $5,500 |
| Central Ann Arbor 6 Bedroom Apartments | $4,596 | $1,321 | $7,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 160 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
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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 1803 Hill St priced from $825. Forest Plaza Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable Central Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1803 Hill St | 1803 Hill St. | 1BR,3BA | $825 |
| Forest Plaza Apartments | Studio | Studio,1BA | $1,195 |
| Island Drive | Efficiency Phase 2 | Studio,1BA | $1,199 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1,200 |
| 812 Mary St | 1 Bedroom | 1BR,1BA | $1,200 |
| 420 Hill St | S 1 Bedroom | 1BR,1BA | $1,375 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1,408 |
| 307 Thompson - Furnished Studios | 0B1B | Studio,1BA | $1,449 |
Best Value Apartments for Rent in Central Ann Arbor, MI
As of July 30, 2026 the best value apartment in the Central Ann Arbor area is the $0.30 price per square foot 1803 Hill St. Model at 1803 Hill St in the in the Northeast Ann Arbor neighborhood starting from $825. 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. |
|---|---|---|---|
| 1803 Hill St | 1803 Hill St. | 1BR,3.5BA | $0.30 |
| 807 S Main St | House | 3BR,1BA | $1.32 |
| 533 Elizabeth St, Unit 533 Elizabeth | 533 Elizabeth St | 5BR,1BA | $0.50 |
| Vic Village North | 4B - Deluxe | 4BR,4BA | $1.47 |
| The Highlands Apartments | 2 Bedroom | 2BR,1BA | $1.74 |
| Brown Street Apartments - 10 Min from UofM | 2-Bedroom | 2BR,1BA | $1.60 |
| Traver Crossing | The Au Sable | 2BR,1BA | $1.45 |
| Saga Ann Arbor | C1 | 3BR,2BA | $1.28 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1.72 |
| 323 Packard St | 1 Bedroom | 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.
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Real 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.
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Quick Rent Budget Calculator
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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 LifestyleCentral Ann Arbor, Ann Arbor, MI
Ranked #48
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 $1,449.
What is the price of a cheap apartment in Central Ann Arbor?
The cheapest apartment in Central Ann Arbor is 1803 Hill St which is listed at $825, while the average apartment in Central Ann Arbor costs $5,923.
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 126 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 $1,433 which is $4,490 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.