Cheap Apartments for Rent in the Chapel Hill Neighborhood of Ann Arbor, MI from $500 (142 Rentals)

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

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1223 Hill St
Rent Specials
$1,145 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $1,350

Total Monthly Price
$1,145 - $1,350
1 Bedroom Apartments Available Aug 28

1223 Hill St

1223 Hill StAnn Arbor, MI 48104
Student Housing
  • Verified
property at 1552 Jones Dr

$1,150 - $1,200

1 Bedroom Rentals

Available Aug 11

1552 Jones Dr

Ann ArborMI48105

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.

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Abbey
$1,177 - $3,530
Total Monthly Price

Total Monthly Price

Base Rent
$1,177 - $3,530

Total Monthly Price
$1,177 - $3,530
2 to 3 Bedroom Apartments Available Aug 16

Abbey

909 Church StAnn Arbor, MI 48104
Student Housing
  • Verified
  • Utilities Included
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Forest Plaza Apartments
Rent Specials
$1,195 - $1,545
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,545

Total Monthly Price
$1,195 - $1,545
Studio to 1 Bedroom Apartments Available Now

Forest Plaza Apartments

715 S Forest AveAnn Arbor, MI 48104
Student Housing
  • Verified
  • Customer Reviewed
property at 1556 Jones Dr

$1,200 - $1,500

1 Bedroom Rentals

Available Aug 11

1556 Jones Dr

Ann ArborMI48105
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535 Packard St, Unit 3 and 4
$1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250
1 Bedroom Apartment Available Now

535 Packard St, Unit 3 and 4

535 Packard StAnn Arbor, MI 48104
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Island Drive
Rent Specials
$1,350 - $2,370
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $2,370

Total Monthly Price
$1,350 - $2,370
Studio to 3 Bedroom Apartments Available Now

Island Drive

1099 Maiden LnAnn Arbor, MI 48105
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

property at 805 E Huron St

$1,350 - $1,450

Studio To 1 Bedroom Rentals

Available Aug 7

805 E Huron St

Ann ArborMI48104
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812 Mary St
Rent Specials
$1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400
1 Bedroom Apartments Available Now

812 Mary St

812 Mary StAnn Arbor, MI 48104
Student Housing
  • Verified
  • 3D Tour
  • Smoke Free
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The Haven of Ann Arbor
Rent Specials
$1,445 - $3,523
Total Monthly Price

Total Monthly Price

Base Rent
$1,445 - $3,523

Total Monthly Price
$1,445 - $3,523
Studio to 2 Bedroom Apartments Available Now

The Haven of Ann Arbor

459 Village Green BlvdAnn Arbor, MI 48105
Furnished
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  • Customer Reviewed
  • 3D Tour
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323 Packard St
Rent Specials
$1,450 - $1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,450 - $1,600

Total Monthly Price
$1,450 - $1,600
1 Bedroom Apartments Available Now

323 Packard St

323 Packard StAnn Arbor, MI 48104
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Traver Ridge
Rent Specials
$1,549 - $2,319
Total Monthly Price

Total Monthly Price

Base Rent
$1,549 - $2,319

Total Monthly Price
$1,549 - $2,319
1 to 3 Bedroom Apartments Available Now

Traver Ridge

2395 Leslie CirAnn Arbor, MI 48105
Student Housing
  • Verified
  • 3D Tour
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Traver Crossing
$1,549 - $2,089
Total Monthly Price

Total Monthly Price

Base Rent
$1,549 - $2,089

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Jun 19

Traver Crossing

1984 Traver RdAnn Arbor, MI 48105
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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501 N 5th Ave
$1,550 - $1,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $1,850

Total Monthly Price
$1,550 - $1,850
1 Bedroom Apartment Available Aug 26

501 N 5th Ave

501 N 5th AveAnn Arbor, MI 48104
Affordability
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The Highlands Apartments
Rent Specials
$1,555 - $2,280
Total Monthly Price

Total Monthly Price

Base Rent
$1,555 - $2,280

Total Monthly Price
$1,555 - $2,280
1 to 2 Bedroom Apartments Available Aug 15

The Highlands Apartments

1681-1699 Broadway StAnn Arbor, MI 48105
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
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Brown Street Apartments
Rent Specials
$1,600 - $2,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $2,000

Total Monthly Price
$1,600 - $2,000
2 Bedroom Apartments Contact Us For Availability

Brown Street Apartments

824 Brown StAnn Arbor, MI 48104
Student Housing
  • Verified
  • Utilities Included
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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.

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Parc Pointe Apartments
$1,630 - $2,215
Total Monthly Price

Total Monthly Price

Base Rent
$1,630 - $2,215

Total Monthly Price
$1,630 - $2,215
1 to 2 Bedroom Apartments Contact Us For Availability

Parc Pointe Apartments

1901 Pointe LnAnn Arbor, MI 48105
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
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Villas at Northstar
Rent Specials
$1,695 - $3,116
Total Monthly Price

Total Monthly Price

Base Rent
$1,695 - $3,116

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Villas at Northstar

2820 Windwood DrAnn Arbor, MI 48105
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 555 E William St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

Studio, 1 Bath Condo for Rent

Available Jul 1

555 E William St, Unit 12E

555 E William St
Ann ArborMI48104
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Bradford House
$1,745 - $2,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,745 - $2,065

Total Monthly Price
Varies
2 Bedroom Apartments Available Aug 28

Bradford House

1010 Catherine StAnn Arbor, MI 48104
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Chapel Hill, Ann Arbor, MI Local Guide

Cheapest Available Chapel Hill Apartments for Rent

 

The cheapest available apartment rental in the Chapel Hill area of Ann Arbor, MI is a 1 Bed unit found at Leaird Drive Studios - All Utilities Included priced from $1,190. Forest Plaza Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable Chapel Hill apartments for rent in Ann Arbor, MI:

Apartment ListingModel NameBed/BathPriced From
Leaird Drive Studios - All Utilities IncludedBy Bed1BR,1BA$1,190
Forest Plaza ApartmentsStudioStudio,1BA$1,195
Landmark4X2C4BR,2BA$1,315
GreenBrier1 Bedroom 3rd Floor1BR,1BA$1,324
Island DriveOne Bedroom Phase 31BR,1BA$1,350
420 Hill StS 1 Bedroom1BR,1BA$1,375
812 Mary St1 Bedroom1BR,1BA$1,400
The Algonquin2 Bedroom Flat2BR,1BA$1,408
323 Packard St1 Bedroom1BR,1BA$1,450

Best Value Apartments for Rent in Chapel Hill, MI

As of June 14, 2026 the best value apartment in the Chapel Hill area is the $0.59 price per square foot 1 Bedroom - Shared House Model at 518 Monroe St in the in the Chapel Hill neighborhood starting from $1,200. The second greatest value Chapel Hill apartment is the Traver w/ Two Car Garage Model at Hideaway Apartments starting at $3,199 with a $1.68 price per square foot in the Chapel Hill neighborhood. Here is today’s list of the best values for Chapel Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
518 Monroe St1 Bedroom - Shared House1BR,1BA$0.59
Hideaway ApartmentsTraver w/ Two Car Garage4BR,3.5BA$1.68
Sun Terrace Apartments3 bed3BR,1BA$1.75
Six114BR/4BA - C4BR,4BA$1.36
Vic Village North4B - Deluxe4BR,4BA$1.46
Traver RidgeThe George2BR,2BA$1.55
Saga Ann ArborC13BR,2BA$1.59
Z Place ApartmentsB1 Alt2 - 2x12BR,1BA$1.21
Brown Street Apartments2-Bedroom2BR,1BA$1.78
The Algonquin2 Bedroom Flat2BR,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.

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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.

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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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Frequently Asked Questions about Cheap Chapel Hill Apartments

What is a cheap apartment in Chapel Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chapel Hill is under $1,450.

What is the price of a cheap apartment in Chapel Hill?

The cheapest apartment in Chapel Hill is Leaird Drive Studios - All Utilities Included which is listed at $1,190, while the average apartment in Chapel Hill costs $1,989.

What types of apartments are the cheapest in Chapel Hill?

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 186 regular apartments in Chapel Hill 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 Chapel Hill?

Cheap apartments in Chapel Hill have an average cost of $1,627 which is $362 cheaper than the average rent for all rentals in Chapel Hill.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.