524 S Forest Ave
Ann ArborMI48104
Cheap Apartments for Rent in the Downtown Ann Arbor Neighborhood of Ann Arbor, MI from $500 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Ann Arbor area of Ann Arbor.
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Rent Specials
from $1,1501 to 2 Bedroom Apartments Available Now
Courthouse Square - A 55+ Community
100 S 4th AveAnn Arbor, MI 48104
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from $1,300Studio to 1 Bedroom Apartments Available Now
323 Packard St
323 Packard StAnn Arbor, MI 48104
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from $1,300Studio to 2 Bedroom Apartments Available Aug 22
University Plaza
608 Monroe StAnn Arbor, MI 48104
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from $1,395Studio to 1 Bedroom Apartments Available Aug 25
332 E William St
332 E William StAnn Arbor, MI 48104
528 S 5th Ave
Ann ArborMI48104
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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from $1,480Studio to 1 Bedroom Apartments Available Jul 7
Forest Plaza Apartments
715 S Forest AveAnn Arbor, MI 48104
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from $1,4992 to 5 Bedroom Apartments Available Aug 7
VERVE Ann Arbor
721 S Forest AveAnn Arbor, MI 48104
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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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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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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.
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Showing Results 1-26, 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 | $1,867 | $1,300 | $2,947 |
| Downtown Ann Arbor 1 Bedroom Apartments | $2,336 | $1,150 | $3,950 |
| Downtown Ann Arbor 2 Bedroom Apartments | $2,542 | $1,250 | $4,995 |
| Downtown Ann Arbor 3 Bedroom Apartments | $1,943 | $1,445 | $3,995 |
| Downtown Ann Arbor 4 Bedroom Apartments | $1,618 | $999 | $2,085 |
| Downtown Ann Arbor 5 Bedroom Apartments | $2,034 | $1,449 | $7,350 |
| Downtown Ann Arbor 6 Bedroom Apartments | $3,129 | $549 | $6,000 |
Browse Apartments in this Neighborhood
There are currently 26 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 1 Bed unit found at Courthouse Square - A 55+ Community priced from $1,150. Landmark has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,399. Here are the most affordable Downtown Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Courthouse Square - A 55+ Community | Upgraded 1 bedroom 1 bath | 1BR,1BA | $1,150 |
| Landmark | 4X2C | 4BR,2BA | $1,399 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1,600 |
| Ann Arbor City Club | Plan V | 1BR,1BA | $2,150 |
| Corner House Apartments | Two-Bedroom | 2BR,1BA | $2,295 |
| The Brady | Jefferson | 1BR,1BA | $2,475 |
| 618 South Main Apartments | 1 Bedroom 1 Bath 718 sq. ft. | 1BR,1BA | $2,984 |
Best Value Apartments for Rent in Downtown Ann Arbor, MI
As of June 20, 2025 the best value apartment in the Downtown Ann Arbor area is the $0.67 price per square foot D2 Model at Saga Ann Arbor in the in the Chapel Hill neighborhood starting from $999. The second greatest value Downtown Ann Arbor apartment is the Three-Bedroom Model at Corner House Apartments starting at $2,700 with a $2.45 price per square foot in the Chapel Hill 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. |
|---|---|---|---|
| Saga Ann Arbor | D2 | 4BR,3BA | $0.67 |
| Corner House Apartments | Three-Bedroom | 3BR,1BA | $2.45 |
| Sterling Arbor Blu | Unit 08B | 2BR,2BA | $2.76 |
| Landmark | 2X1 | 2BR,1BA | $2.24 |
| 618 South Main Apartments | 1 Bedroom 1 Bath 718 sq. ft. | 1BR,1BA | $4.16 |
| Ann Arbor City Club | Plan A | 1BR,1BA | $3.71 |
| The Brady | Liberty | 1BR,1BA | $5.07 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $2.67 |
| Courthouse Square - A 55+ Community | Upgraded 1 bedroom 1 bath | 1BR,1BA | $1.99 |
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 the price of a cheap apartment in Downtown Ann Arbor?
The cheapest apartment in Downtown Ann Arbor is Courthouse Square - A 55+ Community which is listed at $1,150, while the average apartment in Downtown Ann Arbor costs $2,462.
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 20 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
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.