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Rent Specials
$900 - $2,4652 Bedroom Apartments Available Now
University Plaza
608 Monroe StAnn Arbor, MI 48104
Cheap Apartments for Rent in the Downtown Ann Arbor Neighborhood of Ann Arbor, MI from $500 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Ann Arbor area of Ann Arbor.
1328 Geddes Ave
Ann ArborMI48104
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408 E Jefferson St
Ann ArborMI48104
317 E Ann St
Ann ArborMI48104
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$1,270 - $1,745Studio to 1 Bedroom Apartments Available Now
Forest Plaza Apartments
715 S Forest AveAnn Arbor, MI 48104
601 E William St
Ann ArborMI48104
1340 N University Ct
Ann ArborMI48104
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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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Rent Specials
$1,499Studio to 1 Bedroom Apartments Available Now
400 Maynard
524-518 E William StAnn Arbor, MI 48104
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$1,499 - $1,599Studio Apartments Available Now
307 Thompson - Furnished Studios
307 Thompson StAnn Arbor, MI 48104
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$1,500 - $4,0002 to 3 Bedroom Apartments Contact Us For Availability
Carriage House Apartments
1224 Washtenaw CtAnn Arbor, MI 48104
226 Packard St
Ann ArborMI48104
705 S Division St
Ann ArborMI48104
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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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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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Showing Results 1-39, Page 1 of 1
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 | $1,853 | $980 | $3,383 |
| Downtown Ann Arbor 1 Bedroom Apartments | $2,943 | $1,100 | $10,000+ |
| Downtown Ann Arbor 2 Bedroom Apartments | $2,808 | $900 | $4,995 |
| Downtown Ann Arbor 3 Bedroom Apartments | $2,898 | $1,399 | $8,000 |
| Downtown Ann Arbor 4 Bedroom Apartments | $1,842 | $825 | $10,000+ |
| Downtown Ann Arbor 5 Bedroom Apartments | $3,521 | $1,299 | $7,095 |
| Downtown Ann Arbor 6 Bedroom Apartments | $5,303 | $1,295 | $8,879 |
Browse Apartments in this Neighborhood
There are currently 39 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 $825. University Plaza has the second lowest priced unit, which is a 2 Beds apartment currently listed from $900. 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 | $825 |
| University Plaza | Per Bedroom in 2 Bed Unit - Available Now! | 2BR,1BA | $900 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1,100 |
| 332 E William St | 1 Bed | 1BR,1BA | $1,400 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1,410 |
| 400 Maynard | Studio | 1BR,1BA | $1,499 |
| 307 Thompson - Furnished Studios | 0B1B | Studio,1BA | $1,499 |
| Six11 | 1 Bedroom - Shared Space in 4 Bed | Studio,1BA | $1,549 |
| VERVE Ann Arbor | 5BR - 04 | 5BR,5BA | $1,549 |
| The Brady | Main | 1BR,1BA | $1,900 |
Best Value Apartments for Rent in Downtown Ann Arbor, MI
As of October 13, 2025 the best value apartment in the Downtown Ann Arbor area is the $2.00 price per square foot Apartment Model at 301 N State St in the in the Chapel Hill neighborhood starting from $3,000. The second greatest value Downtown Ann Arbor apartment is the 4BR - 09 Model at VERVE Ann Arbor starting at $1,849 with a $1.54 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. |
|---|---|---|---|
| 301 N State St | Apartment | 3BR,1BA | $2.00 |
| VERVE Ann Arbor | 4BR - 09 | 4BR,4BA | $1.54 |
| Corner House Apartments | Three-Bedroom | 3BR,1BA | $1.81 |
| University Plaza | Per Bedroom in 2 Bed Unit - Available Now! | 2BR,1BA | $0.90 |
| Landmark | 2X1 | 2BR,1BA | $2.05 |
| The Varsity(MI) | 2 Bedroom 2 Bathroom | 2BR,2BA | $2.22 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1.52 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1.96 |
| 332 E William St | 1 Bed | 1BR,1BA | $2.28 |
| University Towers - UofM Student Housing | 2025-2026 Term - 1-4 Bedrooms | 2BR,1BA | $1.83 |
Getting Around the Downtown Ann Arbor Neighborhood in Ann Arbor, MI
Walk Score®
98 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
90 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
73 / 100
Excellent Transit
Transit is convenient for most trips
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,900.
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 $11,600.
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 42 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 $1,036 which is $10,564 cheaper than the average rent for all rentals in Downtown Ann Arbor.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.