Cheap Apartments for Rent in the Central Ann Arbor Neighborhood of Ann Arbor, MI from $500 (97 Rentals)

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

property at 1328 Geddes Ave

1328 Geddes Ave

Ann ArborMI48104
property at 540 Walnut St

540 Walnut St

Ann ArborMI48104
property at 1116 White St

1116 White St

Ann ArborMI48104
property at 912 Mary St

912 Mary St

Ann ArborMI48104
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 1028 Fuller Rd

1028 Fuller Rd

Ann ArborMI48104
property at 226 Packard St

226 Packard St

Ann ArborMI48104
property at 817 Arch St

817 Arch St

Ann ArborMI48104
property at 705 S Division St

705 S Division St

Ann ArborMI48104
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514 S Forest Ave
Studio to 1 Bedroom Apartments

514 S Forest Ave

514 S Forest AveAnn Arbor, MI 48104
  • Utilities Included
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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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324 E Jefferson St
Studio to 2 Bedroom Apartments

324 E Jefferson St

324 E Jefferson StAnn Arbor, MI 48104
Student Housing
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1104 Packard St
1 to 6 Bedroom Apartments

1104 Packard St

1104 Packard StAnn Arbor, MI 48104
  • Smoke Free
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1028 Fuller St
1 to 2 Bedroom Apartments

1028 Fuller St

1028 Fuller StAnn Arbor, MI 48104
  • Utilities Included
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1223 Hill St
1 to 2 Bedroom Apartments

1223 Hill St

1223 Hill StAnn Arbor, MI 48104
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Brookside Apartments
Studio to 2 Bedroom Apartments

Brookside Apartments

1500 Plymouth RdAnn Arbor, MI 48105
  • Utilities Included
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316 Thompson St
Studio to 2 Bedroom Apartments

316 Thompson St

316 Thompson StAnn Arbor, MI 48104
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414 Division
Studio to 2 Bedroom Apartments

414 Division

414 S Division StAnn Arbor, MI 48104
Student Housing
  • Utilities Included
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Fritz Lofts
Studio to 2 Bedroom Apartments

Fritz Lofts

1014 Church StAnn Arbor, MI 48104
Student Housing
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618 Packard St
Studio to 1 Bedroom Apartments

618 Packard St

618-624 Packard StAnn Arbor, MI 48104
Student Housing
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536 S 4th Ave
Studio to 2 Bedroom Apartments

536 S 4th Ave

536-538 S 4th AveAnn Arbor, MI 48104
  • Utilities Included
Showing Results 1-50, Page 1 of 2

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 4 Beds unit found at Landmark priced from $825. Brown Street Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $850. Here are the most affordable Central Ann Arbor apartments for rent in Ann Arbor, MI:

Apartment ListingModel NameBed/BathPriced From
Landmark4X2C4BR,2BA$825
Brown Street Apartments2-Bedroom2BR,1BA$850
731 PackardSingle Bedroom October to December1BR,$850
University PlazaPer Bedroom in 2 Bed Unit - Available Now!2BR,1BA$900
Across From UofM Campus - 1313 S State StShared unit - 1 Bed - Now Available1BR,1BA$950
121 Hill StSingle Bedroom1BR,$1,000
911 South Main StreetSingle Bed August to December1BR,1BA$1,100
323 Packard St1 Bedroom1BR,1BA$1,100
Island DriveOne Bedroom Phase 31BR,1BA$1,199

Best Value Apartments for Rent in Central Ann Arbor, MI

As of October 09, 2025 the best value apartment in the Central Ann Arbor area is the $1.25 price per square foot home Model at 807 S Main St in the in the North Central Ann Arbor neighborhood starting from $2,750. The second greatest value Central Ann Arbor apartment is the 6-Unit Suite Model at 828 Greene St starting at $1,145 with a $0.61 price per square foot in the 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 ListingModel NameBed/BathPrice Per Sq.Ft.
807 S Main Sthome3BR,1BA$1.25
828 Greene St6-Unit Suite6BR,2BA$0.61
301 N State StApartment3BR,1BA$0.60
Traver CrossingThe Cheboygan2BR,1BA$1.32
533 Elizabeth St, Unit 2533 Elizabeth St6BR,1BA$0.71
VERVE Ann Arbor4BR - 094BR,4BA$1.51
University PlazaPer Bedroom in 2 Bed Unit - Available Now!2BR,1BA$0.90
Arch ManorPer Room in 2 Bed Unit - Available Now!2BR,1BA$0.90
817 Arch StTwo-Bedroom - Classic2BR,1BA$1.40
Brown Street Apartments2-Bedroom2BR,1BA$0.94

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 #58

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 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 $1,199.

What is the price of a cheap apartment in Central Ann Arbor?

The cheapest apartment in Central Ann Arbor is 731 Packard which is listed at $850, while the average apartment in Central Ann Arbor costs $11,600.

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 45 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 $792 which is $10,808 cheaper than the average rent for all rentals in Central Ann Arbor.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.