
Cheap Apartments for Rent in the Chapel Hill Neighborhood of Ann Arbor, MI from $500 (138 Rentals)
Search the lowest-cost Apartments available for rent right now in the Chapel Hill area of Ann Arbor.


533 Elizabeth St

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533 Elizabeth St, Unit 533 Elizabeth

1803 Hill St

Huron Towers

533 Elizabeth St

707 S Division St

Haven on Geddes

1544 Jones Dr

1552 Jones Dr
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Abbey

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Forest Plaza Apartments

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323 Packard St

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812 Mary St

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Island Drive

332 E William St

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535 Packard St, Unit 3 and 4

528 S 5th Ave

1556a Jones Dr

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GreenBrier
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Traver Courts

414 Division

805 E Huron St

420 Hill St

The Viscount

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Traver Crossing

The Algonquin

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Traver Ridge

307 Thompson - Furnished Studios

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The Haven of Ann Arbor
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.

522 N Division St

1556 Jones Dr

503 Church St

125 Hill Street Apartments

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The Highlands Apartments

1303 Wilmot St, Unit 21

607 Hill St

Heritage House

109 N Thayer St

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Parc Pointe Apartments
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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Bradford House

Kingsley Apartments

2260 Fuller Ct

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Villas at Northstar

628 Packard St

1312-1314 Wright St

Shoreview Apartments

400 Maynard

3234 Bolgos Cir, Unit 3234 Bolgos Circle

208 N Division St
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.
Chapel Hill, Ann Arbor, MI Local Guide

How much does it cost to rent an apartment in Chapel Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chapel Hill Studio Apartments | $1,622 | $1,195 | $2,125 |
| Chapel Hill 1 Bedroom Apartments | $1,779 | $825 | $2,745 |
| Chapel Hill 2 Bedroom Apartments | $2,121 | $846 | $4,175 |
| Chapel Hill 3 Bedroom Apartments | $2,361 | $887 | $4,575 |
| Chapel Hill 4 Bedroom Apartments | $1,690 | $949 | $4,400 |
| Chapel Hill 5 Bedroom Apartments | $1,924 | $750 | $5,000 |
| Chapel Hill 6 Bedroom Apartments | $4,355 | $1,321 | $6,790 |
Browse Apartments in this Neighborhood
There are currently 138 rentals with your search options within a 3 mile radius of the Chapel Hill Neighborhood of Ann Arbor, MI.
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Chapel Hill, Ann Arbor, MI Local Guide
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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 1803 Hill St priced from $825. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1803 Hill St | 1803 Hill St. | 1BR,3BA | $825 |
| Forest Plaza Apartments | Studio | Studio,1BA | $1,195 |
| Island Drive | Efficiency Phase 2 | Studio,1BA | $1,199 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1,200 |
| 812 Mary St | 1 Bedroom | 1BR,1BA | $1,200 |
| GreenBrier | 1 Bedroom 1st Floor | 1BR,1BA | $1,309 |
| 420 Hill St | S 1 Bedroom | 1BR,1BA | $1,375 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1,408 |
Best Value Apartments for Rent in Chapel Hill, MI
As of July 30, 2026 the best value apartment in the Chapel Hill area is the $0.30 price per square foot 1803 Hill St. Model at 1803 Hill St in the in the Northeast Ann Arbor neighborhood starting from $825. The second greatest value Chapel Hill apartment is the 533 Elizabeth St Model at 533 Elizabeth St, Unit 533 Elizabeth starting at $750 with a $0.50 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1803 Hill St | 1803 Hill St. | 1BR,3.5BA | $0.30 |
| 533 Elizabeth St, Unit 533 Elizabeth | 533 Elizabeth St | 5BR,1BA | $0.50 |
| Vic Village North | 4B - Deluxe | 4BR,4BA | $1.47 |
| Traver Courts | Chatham | 2BR,1.5BA | $1.50 |
| Traver Ridge | The George | 2BR,2BA | $1.55 |
| Brown Street Apartments - 10 Min from UofM | 2-Bedroom | 2BR,1BA | $1.60 |
| Traver Crossing | The Au Sable | 2BR,1BA | $1.45 |
| Saga Ann Arbor | C1 | 3BR,2BA | $1.28 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1.72 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1.66 |
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 ArticleReal 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.
Best Local Schools in Chapel Hill, Ann Arbor, MI
School data provided by Great Schools
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 $1,408.
What is the price of a cheap apartment in Chapel Hill?
The cheapest apartment in Chapel Hill is 1803 Hill St which is listed at $825, while the average apartment in Chapel Hill costs $5,923.
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 138 regular apartments in Chapel Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.