544 N State St
Ann ArborMI48104
Cheap Homes for Rent in Central Ann Arbor Neighborhood of Ann Arbor, MI from $900 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Ann Arbor area of Ann Arbor.
732 S Forest Ave
Ann ArborMI48104
536 Detroit St
Ann ArborMI48104
1531 Packard St
Ann ArborMI48104
1257 Island Dr
Ann ArborMI48105
555 E William St, Unit 12E, Unit 12E
555 E William St
Ann ArborMI48104
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.
555 E William St
Ann ArborMI48104
1249 Island Dr, Unit 104, Unit 104
1249 Island Dr
Ann ArborMI48105
1245 Island Dr
Ann ArborMI48105
219 Brookridge Ct, Unit 1, Unit 1
219 Brookridge Ct
Ann ArborMI48103
555 E William St, Unit 22E, Unit 22E
555 E William St
Ann ArborMI48104
424 N State St
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 1-12, Page 1 of 1
Central Ann Arbor, Ann Arbor, MI Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Central Ann Arbor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Ann Arbor 2 Bedroom Homes for Rent | $2,939 | $1,800 | $9,500 |
| Central Ann Arbor 3 Bedroom Homes for Rent | $3,030 | $2,300 | $3,975 |
| Central Ann Arbor 4 Bedroom Homes for Rent | $3,833 | $2,400 | $5,200 |
| Central Ann Arbor 5 Bedroom Homes for Rent | $5,277 | $3,800 | $7,500 |
| Central Ann Arbor 6 Bedroom Homes for Rent | $6,207 | $950 | $8,750 |
| Central Ann Arbor 7 Bedroom Homes for Rent | $7,901 | $7,100 | $8,860 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Central Ann Arbor Neighborhood of Ann Arbor, MI.
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Central Ann Arbor, Ann Arbor, MI Local Guide
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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 2 Beds unit found at Z West Apartments priced from $1,195. Landmark has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,315. Here are the most affordable Central Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Z West Apartments | B2 Alt2 | 2BR,2BA | $1,195 |
| Landmark | 4X2C | 4BR,2BA | $1,315 |
| Fuller Apartments | 1 Bedroom | 1BR,1BA | $1,320 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1,340 |
| Medical Center Court | The Huron | Studio,1BA | $1,349 |
Best Value Apartments for Rent in Central Ann Arbor, MI
As of May 08, 2026 the best value apartment in the Central Ann Arbor area is the $0.18 price per square foot 2 Bedroom Model at 628 Packard St in the in the Chapel Hill neighborhood starting from $1,700. The second greatest value Central Ann Arbor apartment is the City Townhome Model at City Place Ann Arbor starting at $1,270 with a $0.56 price per square foot in the Chapel Hill 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. |
|---|---|---|---|
| 628 Packard St | 2 Bedroom | 2BR,1BA | $0.18 |
| City Place Ann Arbor | City Townhome | 6BR,5BA | $0.56 |
| 807 S Main St | House | 3BR,1BA | $1.32 |
| Six11 | 4BR/4BA - E | 4BR,4BA | $1.43 |
| Tradewind Apartments | Two Bed Bi Level | 2BR,1.5BA | $1.75 |
| Z Place Apartments | B1 Alt2 - 2x1 | 2BR,1BA | $1.21 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1.72 |
| Traver Crossing | The Au Gres | 1BR,1BA | $1.69 |
| Across From UofM Campus - 1313 S State St | Short-Term Lease | 2BR,1BA | $1.19 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1.72 |
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 Article
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.
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.
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Pet Friendly LifestyleCentral Ann Arbor, Ann Arbor, MI
Ranked #42
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Central Ann Arbor
What type of rentals are currently available in Central Ann Arbor?
There are currently 590 Apartments for Rent in Central Ann Arbor, MI with pricing that ranges from $615 to $11,200. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Ann Arbor ranging from $950 to $12,000.
What is the current price range for Rental Homes in Central Ann Arbor?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Ann Arbor ranges from $950 to $12,000 with an average monthly rent of $5,555.
How much are larger Three and Four Bedroom Rentals in Central Ann Arbor?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Central Ann Arbor range from $655 to $4,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $3,975. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $999.
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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.