Cheap Apartments for Rent in the Chapel Hill Neighborhood of Ann Arbor, MI from $500 (138 Rentals)

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

property at 1241 Island Dr

$699

Total Monthly Price

Total Monthly Price

Base Rent
$699

Total Monthly Price
$699

1 Bedroom, 1 Bath Condo for Rent

Available Now

1241 Island Dr, Unit 2

1241 Island Dr
Ann ArborMI48105

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
$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
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  • 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
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323 Packard St
Rent Specials
$1,200 - $1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,300

Total Monthly Price
$1,200 - $1,300
1 Bedroom Apartments Available Now

323 Packard St

323 Packard StAnn Arbor, MI 48104
Student Housing
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  • Utilities Included
  • 3D Tour
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812 Mary St
Rent Specials
$1,200 - $1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,300

Total Monthly Price
$1,200 - $1,300
1 Bedroom Apartments Available Now

812 Mary St

812 Mary StAnn Arbor, MI 48104
Student Housing
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Island Drive
Rent Specials
$1,224 - $1,899
Total Monthly Price

Total Monthly Price

Base Rent
$1,224 - $1,899

Total Monthly Price
$1,224 - $1,899
Studio to 3 Bedroom Apartments Available Now

Island Drive

1099 Maiden LnAnn Arbor, MI 48105
Student Housing
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  • Customer Reviewed
  • Utilities Included
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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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GreenBrier
$1,309 - $1,589
Total Monthly Price

Total Monthly Price

Base Rent
$1,309 - $1,589

Total Monthly Price
$1,309 - $1,589
Studio to 2 Bedroom Apartments Available Now

GreenBrier

3615 Green Brier BlvdAnn Arbor, MI 48105
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

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
Rent Specials
$1,329 - $2,139
Total Monthly Price

Total Monthly Price

Base Rent
$1,329 - $2,139

Total Monthly Price
$1,329 - $2,139
1 to 2 Bedroom Apartments Available Now

Traver Courts

1505 Natalie LnAnn Arbor, MI 48105
Student Housing
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Traver Crossing
$1,399 - $2,109
Total Monthly Price

Total Monthly Price

Base Rent
$1,399 - $2,109

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Traver Crossing

1984 Traver RdAnn Arbor, MI 48105
Student Housing
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Traver Ridge
Rent Specials
$1,449 - $2,319
Total Monthly Price

Total Monthly Price

Base Rent
$1,449 - $2,319

Total Monthly Price
$1,449 - $2,319
1 to 3 Bedroom Apartments Available Now

Traver Ridge

2395 Leslie CirAnn Arbor, MI 48105
Student Housing
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The Haven of Ann Arbor
Rent Specials
$1,482 - $2,299
Total Monthly Price

Total Monthly Price

Base Rent
$1,482 - $2,299

Total Monthly Price
$1,482 - $2,299
Studio to 2 Bedroom Apartments Available Now

The Haven of Ann Arbor

459 Village Green BlvdAnn Arbor, MI 48105
Furnished
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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.

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The Highlands Apartments
Rent Specials
$1,555 - $1,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,555 - $1,850

Total Monthly Price
$1,555 - $1,850
1 to 2 Bedroom Apartments Available Now

The Highlands Apartments

1681-1699 Broadway StAnn Arbor, MI 48105
Student Housing
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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
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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
$1,650 - $2,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $2,065

Total Monthly Price
Varies
2 Bedroom Apartments Available Now

Bradford House

1010 Catherine StAnn Arbor, MI 48104
Student Housing
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Villas at Northstar
Rent Specials
$1,745 - $3,699
Total Monthly Price

Total Monthly Price

Base Rent
$1,745 - $3,699

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Villas at Northstar

2820 Windwood DrAnn Arbor, MI 48105
Student Housing
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property at 3234 Bolgos Cir

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 1 Bath Condo for Rent

Available Aug 1

3234 Bolgos Cir, Unit 3234 Bolgos Circle

3234 Bolgos Cir
Ann ArborMI48105

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

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 ListingModel NameBed/BathPriced From
1803 Hill St1803 Hill St.1BR,3BA$825
Forest Plaza ApartmentsStudioStudio,1BA$1,195
Island DriveEfficiency Phase 2Studio,1BA$1,199
323 Packard St1 Bedroom1BR,1BA$1,200
812 Mary St1 Bedroom1BR,1BA$1,200
GreenBrier1 Bedroom 1st Floor1BR,1BA$1,309
420 Hill StS 1 Bedroom1BR,1BA$1,375
The Algonquin2 Bedroom Flat2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1803 Hill St1803 Hill St.1BR,3.5BA$0.30
533 Elizabeth St, Unit 533 Elizabeth533 Elizabeth St5BR,1BA$0.50
Vic Village North4B - Deluxe4BR,4BA$1.47
Traver CourtsChatham2BR,1.5BA$1.50
Traver RidgeThe George2BR,2BA$1.55
Brown Street Apartments - 10 Min from UofM2-Bedroom2BR,1BA$1.60
Traver CrossingThe Au Sable2BR,1BA$1.45
Saga Ann ArborC13BR,2BA$1.28
The Algonquin2 Bedroom Flat2BR,1BA$1.72
323 Packard St1 Bedroom1BR,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.

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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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Quick 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.

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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 $1,408.

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

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.