529 Elizabeth St
Ann ArborMI48104
Cheap Homes for Rent in Central Ann Arbor Neighborhood of Ann Arbor, MI from $800 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Ann Arbor area of Ann Arbor.
533 Elizabeth St
Ann ArborMI48104
1201 Island Dr, Unit 103
1201 Island Dr
Ann ArborMI48105
555 E William St, Unit Studio 8H
555 E William St
Ann ArborMI48104
555 E William 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.
1257 Island Dr
Ann ArborMI48105
1225 Island Dr
Ann ArborMI48105
1225 Island Dr, Unit 104
1225 Island Dr
Ann ArborMI48105
1531 Packard St
Ann ArborMI48104
1217 Island Dr, Unit 202
1217 Island 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.
1253 Island Dr
Ann ArborMI48105
Showing Results 1-11, 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 | $3,015 | $1,500 | $9,500 |
| Central Ann Arbor 3 Bedroom Homes for Rent | $3,757 | $2,650 | $6,000 |
| Central Ann Arbor 4 Bedroom Homes for Rent | $4,310 | $3,600 | $5,995 |
| Central Ann Arbor 5 Bedroom Homes for Rent | $6,081 | $3,800 | $8,900 |
| Central Ann Arbor 6 Bedroom Homes for Rent | $7,390 | $5,250 | $9,495 |
| Central Ann Arbor 7 Bedroom Homes for Rent | $7,788 | $888 | $9,120 |
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 Island Drive priced from $703. 731 Packard has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Central Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Island Drive | One Bedroom Phase 2 | 1BR,1BA | $703 |
| 731 Packard | Single Bedroom October to December | 1BR, | $850 |
| Across From UofM Campus - 1313 S State St | Shared unit - 1 Bed - Now Available | 1BR,1BA | $950 |
| 121 Hill St | Single Bedroom | 1BR, | $1,000 |
| 911 South Main Street | Single Bed August to December | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Central Ann Arbor, MI
As of October 26, 2025 the best value apartment in the Central Ann Arbor area is the $1.72 price per square foot Pierpont Wooded View Model at Hideaway Apartments in the in the Chapel Hill neighborhood starting from $4,299. 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. |
|---|---|---|---|
| Hideaway Apartments | Pierpont Wooded View | 4BR,3.5BA | $1.72 |
| City Place Ann Arbor | City Townhome | 6BR,5BA | $0.56 |
| 807 S Main St | home | 3BR,1BA | $1.25 |
| 828 Greene St | 6-Unit Suite | 6BR,2BA | $0.61 |
| Traver Crossing | The Cheboygan | 2BR,1BA | $1.08 |
| VERVE Ann Arbor | 4BR - 09 | 4BR,4BA | $1.65 |
| Tradewind Apartments | Two Bed- Bi Level | 2BR,1.5BA | $1.50 |
| 817 Arch St | Two-Bedroom - Classic | 2BR,1BA | $1.40 |
| 912 Brown St | 2 Bedroom | 2BR,1BA | $1.82 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1.52 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleCentral Ann Arbor, Ann Arbor, MI
Ranked #54
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Central Ann Arbor
What type of rentals are currently available in Central Ann Arbor?
There are currently 579 Apartments for Rent in Central Ann Arbor, MI with pricing that ranges from $703 to $12,000. There are also 143 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Ann Arbor ranging from $888 to $10,550.
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 $888 to $10,550 with an average monthly rent of $4,881.
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 $1,399 to $5,355, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,650 to $6,000. Four Bedroom Single-Family rentals are also available starting from $3,600 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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
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.