533 Elizabeth St
Ann ArborMI48104
Cheap Homes for Rent in Chapel Hill Neighborhood of Ann Arbor, MI from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Chapel Hill area of Ann Arbor.
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$9457 Bedroom Apartments Available Aug 15
533 Elizabeth St
533 Elizabeth StAnn Arbor, MI 48104
544 N State St
Ann ArborMI48104
536 Detroit St
Ann ArborMI48104
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$1,6001 Bedroom Apartments Available Aug 24
1303 Wilmot St
1303 Wilmot StAnn Arbor, MI 48104
555 E William St, Unit 12E
555 E William St
Ann ArborMI48104
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.
424 N State St
Ann ArborMI48104
1257 Island Dr
Ann ArborMI48105
1249 Island Dr, Unit 104
1249 Island Dr
Ann ArborMI48105
2741 Barclay Way
Ann ArborMI48105
1249 Island Dr
Ann ArborMI48105
555 E William St, Unit 22E
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.
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Chapel Hill, Ann Arbor, MI Local Guide
How much does it cost to rent a home in Chapel Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chapel Hill 2 Bedroom Homes for Rent | $2,632 | $1,795 | $9,500 |
| Chapel Hill 3 Bedroom Homes for Rent | $3,442 | $2,300 | $4,700 |
| Chapel Hill 4 Bedroom Homes for Rent | $3,449 | $2,400 | $4,200 |
| Chapel Hill 5 Bedroom Homes for Rent | $5,531 | $4,490 | $7,500 |
| Chapel Hill 6 Bedroom Homes for Rent | $5,590 | $950 | $7,200 |
| Chapel Hill 7 Bedroom Homes for Rent | $3,925 | $750 | $7,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 12 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 518 Monroe St priced from $1,200. GreenBrier has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,279. Here are the most affordable Chapel Hill apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 518 Monroe St | 1 Bedroom Apartment | 1BR,1BA | $1,200 |
| GreenBrier | 1 Bedroom 1st Floor | 1BR,1BA | $1,279 |
| Leaird Drive Studios - All Utilities Included | Studio | Studio,1BA | $1,300 |
| Landmark | 4X2C | 4BR,2BA | $1,315 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1,340 |
Best Value Apartments for Rent in Chapel Hill, MI
As of May 28, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 518 Monroe St | 1 Bedroom - Shared House | 1BR,1BA | $0.59 |
| Hideaway Apartments | Traver w/ Two Car Garage | 4BR,3.5BA | $1.68 |
| 533 Elizabeth St, Unit 533 Elizabeth | 533 Elizabeth St | 5BR,1BA | $0.50 |
| Sun Terrace Apartments | 3 bed | 3BR,1BA | $1.75 |
| Six11 | 4BR/4BA - C | 4BR,4BA | $1.36 |
| Saga Ann Arbor | C1 | 3BR,2BA | $1.59 |
| Z Place Apartments | B1 Alt2 - 2x1 | 2BR,1BA | $1.21 |
| Brown Street Apartments | 2-Bedroom | 2BR,1BA | $1.78 |
| Traver Ridge | The Wolfgang | 1BR,1BA | $1.59 |
| The Algonquin | 2 Bedroom Flat | 2BR,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.
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.
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Best Local Schools in Chapel Hill, Ann Arbor, MI
School data provided by Great Schools
Frequently Asked Questions about Chapel Hill
What type of rentals are currently available in Chapel Hill?
There are currently 455 Apartments for Rent in Chapel Hill, MI with pricing that ranges from $709 to $7,600. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Chapel Hill ranging from $750 to $9,500.
What is the current price range for Rental Homes in Chapel Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Chapel Hill ranges from $750 to $9,500 with an average monthly rent of $4,223.
How much are larger Three and Four Bedroom Rentals in Chapel Hill?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Chapel Hill range from $709 to $4,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $4,700. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $1,081.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.