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$603 - $3,6151 to 3 Bedroom Apartments Available Aug 29
Park Plaza
1320 S University AveAnn Arbor, MI 48104
Cheap Apartments for Rent in the Downtown Ann Arbor Neighborhood of Ann Arbor, MI from $600 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Ann Arbor area of Ann Arbor.
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$605 - $1,6701 to 2 Bedroom Apartments Available Aug 29
The Forum Apartments
722-726 S State StAnn Arbor, MI 48104
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$1,030 - $1,040Studio Apartments Contact Us For Availability
316 Thompson St
316 Thompson StAnn Arbor, MI 48104
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Rent Specials
$1,100 - $1,800
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,100 - $1,800
Total Monthly Price
$1,100 - $1,800
323 Packard St
323 Packard StAnn Arbor, MI 48104
428 S Division St
Ann ArborMI48104
311 Thompson St
Ann ArborMI48104
924 Catherine St
Ann ArborMI48104
601 E William St
Ann ArborMI48104
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Rent Specials
$1,365 - $2,490Studio to 2 Bedroom Apartments Available Aug 28
University Plaza
608 Monroe StAnn Arbor, MI 48104
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$1,399Studio Apartments Available Now
307 Thompson - Furnished Studios
307 Thompson StAnn Arbor, MI 48104
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.
1340 N University Ct
Ann ArborMI48104
120 N Division St
Ann ArborMI48104
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$1,480 - $1,7951 Bedroom Apartments Available Now
Forest Plaza Apartments
715 S Forest AveAnn Arbor, MI 48104
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$1,500 - $3,6002 Bedroom Apartments Available May 19
Carriage House Apartments
1224 Washtenaw CtAnn Arbor, MI 48104
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$1,545 - $1,845Studio to 1 Bedroom Apartments Available Aug 31
332 E William St
332 E William StAnn Arbor, MI 48104
703 S Forest Ave
Ann ArborMI48104
555 E William St, Unit 13c
555 E William St
Ann ArborMI48104
555 E William St
Ann ArborMI48104
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$1,699 - $4,349
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,584 - $4,234
Required Monthly Fees
$115
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$1,699 - $4,349
400 Maynard
524-518 E William StAnn Arbor, MI 48104
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$1,850 - $2,2501 Bedroom Apartments Available Now
Varsity Management
418 E WashingtonAnn Arbor, MI 48104
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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$1,850 - $2,8001 to 2 Bedroom Apartments Available May 19
406 Packard Apartments
406 Packard StAnn Arbor, MI 48104
215-217 N Ashley St
Ann ArborMI48104
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Rent Specials
$1,874 - $4,092Studio to 2 Bedroom Apartments Available Now
618 South Main Apartments
618 S Main StAnn Arbor, MI 48104
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Studio to 3 Bedroom Apartments
331 Packard
331 PackardAnn Arbor, MI 48104
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1 to 2 Bedroom Apartments
1223 Hill St
1223 Hill StAnn Arbor, MI 48104
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Studio to 2 Bedroom Apartments
324 E Jefferson St
324 E Jefferson StAnn Arbor, MI 48104
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Studio to 4 Bedroom Apartments
720 S State St
720 S State StAnn Arbor, MI 48104
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Studio to 3 Bedroom Apartments
508 S Division St
508 S Division StAnn Arbor, MI 48104
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Studio Apartments
344 S Division
344 S Division StAnn Arbor, MI 48104
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1 to 2 Bedroom Apartments
Courthouse Square - A 55+ Community
100 S 4th AveAnn Arbor, MI 48104
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Studio to 4 Bedroom Apartments
543 Church St
543 Church StAnn Arbor, MI 48104
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Studio to 1 Bedroom Apartments
212 E Washington Apartments
212 E Washington StAnn Arbor, MI 48104
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1 to 6 Bedroom Apartments
The Barrister
616-616 Monroe StAnn Arbor, MI 48104
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1 to 2 Bedroom Apartments
326 E Madison St
326 E Madison StAnn Arbor, MI 48104
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1 to 2 Bedroom Apartments
Orchard House
1331 Washtenaw AveAnn Arbor, MI 48104
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Studio to 1 Bedroom Apartments
511 Church St
511 Church StAnn Arbor, MI 48104
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Studio to 2 Bedroom Apartments
414 Division
414 S Division StAnn Arbor, MI 48104
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1 to 4 Bedroom Apartments
The Viscount
1316 Geddes AveAnn Arbor, MI 48104
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1 to 2 Bedroom Apartments
316 E Madison St
316 E Madison StAnn Arbor, MI 48104
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1 to 2 Bedroom Apartments
520 Packard St
520 Packard StAnn Arbor, MI 48104
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Studio to 2 Bedroom Apartments
536 S 4th Ave
536-538 S 4th AveAnn Arbor, MI 48104
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1 to 2 Bedroom Apartments
209 N Ingalls St
209 N Ingalls StAnn Arbor, MI 48104
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2 Bedroom Apartments
609 S 5th Ave
609 S 5th AveAnn Arbor, MI 48104
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1 Bedroom Apartments
324 S Ashley St
324 S Ashley StAnn Arbor, MI 48104
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2 Bedroom Apartments
The Stratford Apartments
629-631 S Forest AveAnn Arbor, MI 48104
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1 to 2 Bedroom Apartments
U of M Student Housing Portfolio
927 E Ann StAnn Arbor, MI 48104
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Studio to 1 Bedroom Apartments
220 N 1st St
220 N 1st StAnn Arbor, MI 48104
555 E William St
Ann ArborMI48104
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Studio to 2 Bedroom Apartments
350 Thompson Apartments
350 Thompson StAnn Arbor, MI 48104
555 E William St
Ann ArborMI48104
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Downtown Ann Arbor, Ann Arbor, MI Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Downtown Ann Arbor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Ann Arbor Studio Apartments | $1,955 | $1,030 | $2,796 |
| Downtown Ann Arbor 1 Bedroom Apartments | $2,295 | $1,100 | $4,043 |
| Downtown Ann Arbor 2 Bedroom Apartments | $2,121 | $605 | $5,020 |
| Downtown Ann Arbor 3 Bedroom Apartments | $1,944 | $709 | $4,575 |
| Downtown Ann Arbor 4 Bedroom Apartments | $1,620 | $999 | $5,600 |
| Downtown Ann Arbor 5 Bedroom Apartments | $1,624 | $1,299 | $1,830 |
| Downtown Ann Arbor 6 Bedroom Apartments | $3,460 | $1,200 | $7,680 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 53 rentals with your search options within a 2 mile radius of the Downtown Ann Arbor Neighborhood of Ann Arbor, MI.
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Cheapest Available Downtown Ann Arbor Apartments for Rent
The cheapest available apartment rental in the Downtown Ann Arbor area of Ann Arbor, MI is a 2 Beds unit found at Z Place Apartments priced from $999. 323 Packard St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Downtown Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Z Place Apartments | B1 Alt1 - 2x1 | 2BR,1BA | $999 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1,100 |
| Z West Apartments | B2 Alt2 | 2BR,2BA | $1,195 |
| Landmark | 4X2C | 4BR,2BA | $1,315 |
| 307 Thompson - Furnished Studios | 0B1B | Studio,1BA | $1,399 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1,480 |
| 400 Maynard | Studio with Balcony | Studio,1BA | $1,699 |
| Varsity Management | 1BR/1.0BA | 1BR,1BA | $1,850 |
| VERVE Ann Arbor | 5BR - 01 | 5BR,5BA | $1,864 |
| 618 South Main Apartments | Studio 1 Bath 555 sq. ft. | Studio,1BA | $1,961 |
Best Value Apartments for Rent in Downtown Ann Arbor, MI
As of April 04, 2026 the best value apartment in the Downtown Ann Arbor area is the $0.56 price per square foot City Townhome Model at City Place Ann Arbor in the in the Chapel Hill neighborhood starting from $1,270. The second greatest value Downtown Ann Arbor apartment is the 4BR/4BA - E Model at Six11 starting at $1,729 with a $1.43 price per square foot in the Northeast Ann Arbor neighborhood. Here is today’s list of the best values for Downtown Ann Arbor apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| City Place Ann Arbor | City Townhome | 6BR,5BA | $0.56 |
| Six11 | 4BR/4BA - E | 4BR,4BA | $1.43 |
| Z Place Apartments | B1 Alt2 - 2x1 | 2BR,1BA | $1.21 |
| VERVE Ann Arbor | 2BR - 01 | 2BR,2BA | $3.24 |
| The Legacy at Ann Arbor | B2 - 2x2 | 2BR,2BA | $2.65 |
| Landmark | 2X1 | 2BR,1BA | $2.05 |
| The Varsity(MI) | 2 Bedroom 2 Bathroom | 2BR,2BA | $2.40 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1.52 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $2.06 |
| Z West Apartments | A1 Alt | 1BR,1BA | $2.70 |
Frequently Asked Questions about Cheap Downtown Ann Arbor Apartments
What is a cheap apartment in Downtown Ann Arbor?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Ann Arbor is under $1,961.
What is the price of a cheap apartment in Downtown Ann Arbor?
The cheapest apartment in Downtown Ann Arbor is 323 Packard St which is listed at $1,100, while the average apartment in Downtown Ann Arbor costs $2,482.
What types of apartments are the cheapest in Downtown Ann Arbor?
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 154 regular apartments in Downtown Ann Arbor 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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.