1241 Island Dr, Unit 2
1241 Island Dr
Ann ArborMI48105
Cheap Homes for Rent in Central Ann Arbor Neighborhood of Ann Arbor, MI from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Central Ann Arbor area of Ann Arbor.
564 Kellogg St, Unit 564a
564 Kellogg St
Ann ArborMI48105
1249 Island Dr
Ann ArborMI48105
253 Brookridge Ct
Ann ArborMI48103
519 Longshore Dr
Ann ArborMI48105
1041 N Main St
Ann ArborMI48104
1225 Island Dr, Unit 104
1225 Island Dr
Ann ArborMI48105
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Central Ann Arbor, Ann Arbor, MI Local Guide
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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 | $2,205 | $1,350 | $3,500 |
| Central Ann Arbor 3 Bedroom Homes for Rent | $3,340 | $2,400 | $5,600 |
| Central Ann Arbor 4 Bedroom Homes for Rent | $3,500 | $3,200 | $3,800 |
| Central Ann Arbor 5 Bedroom Homes for Rent | $4,150 | $3,300 | $5,000 |
| Central Ann Arbor 6 Bedroom Homes for Rent | $6,487 | $3,800 | $9,393 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 731 Packard priced from $1,000. Brown Street Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,200. Here are the most affordable Central Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 731 Packard | Single Bedroom August to May | 1BR, | $1,000 |
| Brown Street Apartments | 2-Bedroom | 2BR,1BA | $1,200 |
| Fritz Lofts | Studio | Studio,1BA | $1,245 |
Best Value Apartments for Rent in Central Ann Arbor, MI
As of July 24, 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 |
| Hideaway Apartments | The Huron | 3BR,2.5BA | $2.06 |
| Six11 | 5 Bedroom 5 Bathroom A | 5BR,5BA | $0.99 |
| Saga Ann Arbor | D2 | 4BR,3BA | $0.67 |
| Corner House Apartments | Three-Bedroom | 3BR,1BA | $2.27 |
| Brown Street Apartments | 2-Bedroom | 2BR,1BA | $1.33 |
| Courthouse Square - A 55+ Community | Upgraded 2 bedrooms 1 bath | 2BR,1BA | $1.56 |
| Traver Crossing | The Au Gres | 1BR,1BA | $1.94 |
| Landmark | 2X1 | 2BR,1BA | $2.11 |
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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 489 Apartments for Rent in Central Ann Arbor, MI with pricing that ranges from $690 to $10,000. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Ann Arbor ranging from $1,199 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 $1,199 to $9,393 with an average monthly rent of $3,663.
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 $3,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $5,600. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $690.
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.