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$615 - $1,350
Total Monthly Price
1 Bedroom Apartments Available Aug 28Total Monthly Price
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$615 - $1,350
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$615 - $1,350
1223 Hill St
1223 Hill StAnn Arbor, MI 48104
Cheap Apartments for Rent in the Downtown Ann Arbor Neighborhood of Ann Arbor, MI from $600 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Ann Arbor area of Ann Arbor.
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$709 - $3,6151 to 3 Bedroom Apartments Available Aug 29
Park Plaza
1320 S University AveAnn Arbor, MI 48104
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$1,150 - $1,545
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,150 - $1,545
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$1,150 - $1,545
Forest Plaza Apartments
715 S Forest AveAnn Arbor, MI 48104
924 Catherine St
Ann ArborMI48104
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$1,315 - $1,525Studio Apartments Available Aug 29
414 Division
414 S Division StAnn Arbor, MI 48104
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$1,365 - $2,350Studio to 2 Bedroom Apartments Available Aug 28
University Plaza
608 Monroe StAnn Arbor, MI 48104
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$1,408 - $3,5002 to 3 Bedroom Apartments Available Now
The Algonquin
1330 N University AveAnn Arbor, MI 48104
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$1,449Studio Apartments Available Jul 10
307 Thompson - Furnished Studios
307 Thompson StAnn Arbor, MI 48104
428 S Division St
Ann ArborMI48104
120 N Division 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.
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Rent Specials
$1,500 - $1,800
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,500 - $1,800
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$1,500 - $1,800
323 Packard St
323 Packard StAnn Arbor, MI 48104
215-217 Packard St
Ann ArborMI48104
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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
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$1,6001 Bedroom Apartments Available Aug 24
1303 Wilmot St, Unit 21
1303 Wilmot StAnn Arbor, MI 48104
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$1,699 - $4,349Studio to 2 Bedroom Apartments Available Now
400 Maynard
524-518 E William StAnn Arbor, MI 48104
555 E William St, Unit 12E, Unit 12E
555 E William St
Ann ArborMI48104
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$1,800 - $2,1001 Bedroom Apartments Available Aug 1
208 N Division St
208 N Division StAnn Arbor, MI 48104
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Rent Specials
$1,835 - $3,167Studio to 2 Bedroom Apartments Available Jul 1
Exhibit A2 Furnished Luxury Apartments
210-216 S 4th AveAnn Arbor, MI 48104
555 E William St
Ann ArborMI48104
215-217 N Ashley 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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$1,865 - $2,065
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2 Bedroom Apartments Available Aug 28Total Monthly Price
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$1,865 - $2,065
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Bradford House
1010 Catherine StAnn Arbor, MI 48104
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$1,974 - $4,117
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,974 - $4,117
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$1,974 - $4,117
618 South Main Apartments
618 S Main StAnn Arbor, MI 48104
707 S Division St
Ann ArborMI48104
528 S 5th Ave
Ann ArborMI48104
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Rent Specials
$2,295 - $2,770
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2 Bedroom Apartments Available Aug 28Total Monthly Price
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$2,295 - $2,770
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$2,295 - $2,770
410 Observatory St
410 Observatory StAnn Arbor, MI 48104
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Rent Specials
$2,300 - $2,400
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2 Bedroom Apartments Available NowTotal Monthly Price
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$2,300 - $2,400
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1321 Wilmot St
1321 Wilmot StAnn Arbor, MI 48104
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Studio to 3 Bedroom Apartments
331 Packard
331 PackardAnn Arbor, MI 48104
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Studio to 2 Bedroom Apartments
316 Thompson St
316 Thompson 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
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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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
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Studio to 4 Bedroom Apartments
543 Church St
543 Church StAnn Arbor, MI 48104
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1 to 6 Bedroom Apartments
1210 Washtenaw Ct
1210 Washtenaw CtAnn 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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Studio Apartments
226 Packard St
226 Packard StAnn Arbor, MI 48104
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1 to 2 Bedroom Apartments
Orchard House
1331 Washtenaw AveAnn 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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Studio to 1 Bedroom Apartments
511 Church St
511 Church 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 Bedroom Apartments
705 S Division St
705 S Division StAnn 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 3 Bedroom Apartments
Carriage House Apartments
1224 Washtenaw CtAnn Arbor, MI 48104
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Studio to 1 Bedroom Apartments
Varsity Management
418 E WashingtonAnn Arbor, MI 48104
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1 to 2 Bedroom Apartments
520 Packard St
520 Packard StAnn 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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Studio to 2 Bedroom Apartments
536 S 4th Ave
536-538 S 4th AveAnn Arbor, MI 48104
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2 Bedroom Apartments
609 S 5th Ave
609 S 5th 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.
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 | $1,849 | $1,195 | $2,607 |
| Downtown Ann Arbor 1 Bedroom Apartments | $2,317 | $615 | $4,347 |
| Downtown Ann Arbor 2 Bedroom Apartments | $2,059 | $846 | $4,349 |
| Downtown Ann Arbor 3 Bedroom Apartments | $1,899 | $709 | $4,575 |
| Downtown Ann Arbor 4 Bedroom Apartments | $1,615 | $1,129 | $5,600 |
| Downtown Ann Arbor 5 Bedroom Apartments | $1,640 | $1,299 | $1,845 |
| Downtown Ann Arbor 6 Bedroom Apartments | $4,148 | $1,200 | $8,750 |
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 63 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 4 Beds unit found at Landmark priced from $1,315. Forest Plaza Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,340. Here are the most affordable Downtown Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Landmark | 4X2C | 4BR,2BA | $1,315 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1,340 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1,408 |
| Varsity Management - 215 Packard St | Per Person | 1BR,1BA | $1,525 |
| Varsity Management | 1BR/1.0BA | 1BR,1BA | $1,560 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1,600 |
| 406 Packard Apartments | 1 Bedroom- 2 Balconies | 1BR,1BA | $1,650 |
| 400 Maynard | Studio with Balcony | Studio,1BA | $1,699 |
| VERVE Ann Arbor | 4BR - 05 | 4BR,4BA | $1,889 |
| 618 South Main Apartments | Studio 1 Bath 501 sq. ft. | Studio,1BA | $1,994 |
Best Value Apartments for Rent in Downtown Ann Arbor, MI
As of May 20, 2026 the best value apartment in the Downtown Ann Arbor area is the $0.72 price per square foot House ($1459/person - 6 person total) Model at 518 Monroe St in the in the Chapel Hill neighborhood starting from $1,459. 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. |
|---|---|---|---|
| 518 Monroe St | House ($1459/person - 6 person total) | 6BR,4BA | $0.72 |
| Six11 | 4BR/4BA - E | 4BR,4BA | $1.43 |
| Saga Ann Arbor | C1 | 3BR,2BA | $1.46 |
| Z Place Apartments | B1 Alt2 - 2x1 | 2BR,1BA | $1.21 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1.72 |
| Landmark | 2X1 | 2BR,1BA | $2.05 |
| The Varsity(MI) | 2 Bedroom 2 Bathroom | 2BR,2BA | $2.42 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $2.21 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1.87 |
| Z West Apartments | A1 Alt | 1BR,1BA | $2.24 |
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 $1,994.
What is the price of a cheap apartment in Downtown Ann Arbor?
The cheapest apartment in Downtown Ann Arbor is Forest Plaza Apartments which is listed at $1,340, while the average apartment in Downtown Ann Arbor costs $2,275.
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 130 regular apartments in Downtown Ann Arbor 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 Downtown Ann Arbor?
Cheap apartments in Downtown Ann Arbor have an average cost of $1,593 which is $682 cheaper than the average rent for all rentals in Downtown Ann Arbor.
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.