1241 Island Dr, Unit 204
1241 Island Dr
Ann ArborMI48105
Cheap Homes for Rent in Central Ann Arbor Neighborhood of Ann Arbor, MI from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Ann Arbor area of Ann Arbor.
253 Brookridge Ct
Ann ArborMI48103
1400 Morton Ave
Ann ArborMI48104
1249 Island Dr
Ann ArborMI48105
519 Longshore Dr
Ann ArborMI48105
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.
1041 N Main St
Ann ArborMI48104
1400 Morton Ave
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.
1400 Morton Ave
Ann ArborMI48104
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555 E William St
Ann ArborMI48104
555 E William St, Unit 14C
555 E William St
Ann ArborMI48104
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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 | $2,212 | $1,900 | $3,500 |
| Central Ann Arbor 3 Bedroom Homes for Rent | $3,621 | $2,600 | $5,600 |
| Central Ann Arbor 4 Bedroom Homes for Rent | $3,533 | $3,400 | $3,800 |
| Central Ann Arbor 5 Bedroom Homes for Rent | $4,150 | $3,300 | $5,000 |
| Central Ann Arbor 6 Bedroom Homes for Rent | $6,746 | $4,600 | $9,393 |
Browse Homes for Rent in this Neighborhood
There are currently 11 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 1 Bed unit found at Courthouse Square - A 55+ Community priced from $1,150. Island Drive has the second lowest priced unit, which is a Studio apartment currently listed from $1,395. Here are the most affordable Central Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Courthouse Square - A 55+ Community | Upgraded 1 bedroom 1 bath | 1BR,1BA | $1,150 |
| Island Drive | Efficiency Phase 2 | Studio,1BA | $1,395 |
| Landmark | 4X2C | 4BR,2BA | $1,399 |
| 911 South Main Street | 6-Bed | 6BR,6BA | $1,500 |
| Fuller Apartments | 2-Bedroom Center apartments | 2BR,1BA | $1,530 |
Best Value Apartments for Rent in Central Ann Arbor, MI
As of June 21, 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 533 Elizabeth St Model at 533 Elizabeth St, Unit 533 Elizabeth starting at $889 with a $0.43 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. |
|---|---|---|---|
| 807 S Main St | home | 3BR,1BA | $1.25 |
| 533 Elizabeth St, Unit 533 Elizabeth | 533 Elizabeth St | 6BR,2BA | $0.43 |
| Saga Ann Arbor | D2 | 4BR,3BA | $0.67 |
| Corner House Apartments | Three-Bedroom | 3BR,1BA | $2.45 |
| Fuller Apartments | 2-Bedroom Center apartments | 2BR,1BA | $1.83 |
| Sterling Arbor Blu | Unit 08B | 2BR,2BA | $2.76 |
| Landmark | 2X1 | 2BR,1BA | $2.24 |
| Dean Apartments | 2 Bedroom Flat - 3 month term ONLY | 2BR,1BA | $2.80 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $2.67 |
| Courthouse Square - A 55+ Community | Upgraded 1 bedroom 1 bath | 1BR,1BA | $1.99 |
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Frequently Asked Questions about Central Ann Arbor
What type of rentals are currently available in Central Ann Arbor?
There are currently 467 Apartments for Rent in Central Ann Arbor, MI with pricing that ranges from $549 to $9,400. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Ann Arbor ranging from $999 to $9,393.
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 $999 to $9,393 with an average monthly rent of $3,720.
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 $1,445 to $4,350, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,600 to $5,600. Four Bedroom Single-Family rentals are also available starting from $3,400 and Four Bedroom Apartments start at $999.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.