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$1,1501 Bedroom Apartments Available Aug 31
332 E William St
332 E William StAnn Arbor, MI 48104
Cheap Apartments for Rent in the Downtown Ann Arbor Neighborhood of Ann Arbor, MI from $700 (82 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Ann Arbor area of Ann Arbor.
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$1,195 - $1,545
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,195 - $1,545
Total Monthly Price
$1,195 - $1,545
Forest Plaza Apartments
715 S Forest AveAnn Arbor, MI 48104
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$1,200 - $1,300
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
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$1,200 - $1,300
Total Monthly Price
$1,200 - $1,300
323 Packard St
323 Packard StAnn Arbor, MI 48104
528 S 5th Ave
Ann ArborMI48104
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$1,200 - $2,0002 Bedroom Apartments Available Now
528 S 5th Ave
528 S 5th AveAnn Arbor, MI 48104
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$1,250
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,250
Total Monthly Price
$1,250
535 Packard St, Unit 3 and 4
535 Packard StAnn Arbor, MI 48104
805 E Huron St
Ann ArborMI48104
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Rent Specials
$1,350 - $1,450Studio Apartments Available Aug 29
414 Division
414 S Division StAnn Arbor, MI 48104
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$1,350Studio Apartments Available Nov 15
303 E Madison St, Unit 1
303 E Madison StAnn Arbor, MI 48104
215-217 Packard St
Ann ArborMI48104
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,399 - $3,8991 to 4 Bedroom Apartments Contact Us For Availability
The Viscount
1316 Geddes AveAnn 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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$1,449 - $1,550Studio Apartments Available Now
307 Thompson - Furnished Studios
307 Thompson StAnn Arbor, MI 48104
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$1,450
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,450
Total Monthly Price
$1,450
522 Packard St - 5 Minute Walk to UofM Campus
522-524 Packard StAnn Arbor, MI 48104
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$1,500 - $2,4001 to 2 Bedroom Apartments Available Now
503 Church St
503 Church StAnn Arbor, MI 48104
555 E William St, Unit 17L
555 E William St
Ann ArborMI48104
555 E William St, Unit 6B
555 E William St
Ann ArborMI48104
1341 Geddes Ave
Ann ArborMI48104
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$1,6001 Bedroom Apartments Available Now
303 E Madison St, Unit 2
303 E Madison StAnn Arbor, MI 48104
109 N Thayer St
Ann ArborMI48104
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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$1,650 - $2,065
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
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$1,650 - $2,065
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Bradford House
1010 Catherine StAnn Arbor, MI 48104
707 S Division St
Ann ArborMI48104
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$1,799 - $4,175Studio to 2 Bedroom Apartments Available Now
400 Maynard
524-518 E William StAnn Arbor, MI 48104
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$1,800 - $2,1001 Bedroom Apartments Available Now
208 N Division St
208 N Division StAnn Arbor, MI 48104
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$1,800 - $2,350
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
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$1,800 - $2,350
Total Monthly Price
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1321 Wilmot St
1321 Wilmot StAnn Arbor, MI 48104
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$1,805 - $6,465
Total Monthly Price
Studio to 2 Bedroom Apartments Available Aug 31Total Monthly Price
Base Rent
$1,805 - $6,465
Total Monthly Price
$1,805 - $6,465
618 South Main Apartments
618 S Main StAnn Arbor, MI 48104
201 S 1st St
Ann ArborMI48104
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$1,930 - $3,9601 to 2 Bedroom Apartments Available Now
Ann Arbor City Club Apartments
201 S 1st StAnn Arbor, MI 48104
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Rent Specials
$1,958 - $2,795Studio to 2 Bedroom Apartments Available Now
Exhibit A2 Furnished Luxury Apartments
210-216 S 4th AveAnn Arbor, MI 48104
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Rent Specials
$1,975 - $4,895Studio to 2 Bedroom Apartments Available Now
The Brady
414 S Main StAnn Arbor, MI 48104
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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Rent Specials
$2,0001 Bedroom Apartments Available Now
720 Catherine St
720 Catherine StAnn Arbor, MI 48104
309 N Ingalls St, Unit 1
309 N Ingalls St
Ann ArborMI48104
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$2,2002 Bedroom Apartments Available Now
1336 Geddes Ave
1336 Geddes AveAnn Arbor, MI 48104
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$2,295 - $2,6951 to 2 Bedroom Apartments Available Aug 28
322 S State St
322 S State StAnn Arbor, MI 48104
215-217 N Ashley St
Ann ArborMI48104
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$2,350 - $2,7102 Bedroom Apartments Available Aug 29
The Lodge
1333 Wilmot StAnn Arbor, MI 48104
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Rent Specials
$2,450 - $2,495
Total Monthly Price
2 Bedroom Apartments Available Aug 28Total Monthly Price
Base Rent
$2,450 - $2,495
Total Monthly Price
$2,450 - $2,495
1335-1341 Geddes Ave
1335-1341 Geddes AveAnn Arbor, MI 48104
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Rent Specials
$2,4953 Bedroom Apartments Available Aug 29
Corner House Apartments
205 S State StAnn Arbor, MI 48104
109 Adams Ave
Ann ArborMI48104
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1 to 3 Bedroom Apartments
Park Plaza
1320 S University AveAnn Arbor, MI 48104
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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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
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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
1223 Hill St
1223 Hill 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
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.
Showing Results 1-50, Page 1 of 2
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 | $1,835 | $1,050 | $2,977 |
| Downtown Ann Arbor 1 Bedroom Apartments | $2,107 | $1,150 | $6,465 |
| Downtown Ann Arbor 2 Bedroom Apartments | $2,410 | $846 | $4,895 |
| Downtown Ann Arbor 3 Bedroom Apartments | $1,932 | $949 | $4,575 |
| Downtown Ann Arbor 4 Bedroom Apartments | $1,622 | $949 | $4,400 |
| Downtown Ann Arbor 5 Bedroom Apartments | $1,492 | $1,285 | $1,621 |
| Downtown Ann Arbor 6 Bedroom Apartments | $4,173 | $1,321 | $6,790 |
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 82 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 West Apartments priced from $846. University Plaza has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable Downtown Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Z West Apartments | B3 Alt1 | 2BR,2BA | $846 |
| University Plaza | Studio | Studio,1BA | $1,050 |
| Forest Plaza Apartments | Studio | Studio,1BA | $1,195 |
| 528 S 5th Ave | 1 Bedroom | 2BR,1BA | $1,200 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1,200 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1,408 |
| 307 Thompson - Furnished Studios | 0B1B | Studio,1BA | $1,449 |
| 522 Packard St - 5 Minute Walk to UofM Campus | 1 Bedroom | 1BR,1BA | $1,450 |
| 503 Church St | 1 bed | 1BR,1BA | $1,500 |
Best Value Apartments for Rent in Downtown Ann Arbor, MI
As of August 20, 2026 the best value apartment in the Downtown Ann Arbor area is the $0.57 price per square foot City Townhome Model at City Place Ann Arbor in the in the Chapel Hill neighborhood starting from $1,285. The second greatest value Downtown Ann Arbor apartment is the House ($1200/person - 6 person total) Model at 518 Monroe St starting at $1,200 with a $0.59 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. |
|---|---|---|---|
| City Place Ann Arbor | City Townhome | 6BR,5BA | $0.57 |
| 518 Monroe St | House ($1200/person - 6 person total) | 6BR,3BA | $0.59 |
| VERVE Ann Arbor | 4BR - 01 | 4BR,4BA | $1.71 |
| Vic Village North | 4B - Deluxe | 4BR,4BA | $1.47 |
| Saga Ann Arbor | C1 | 3BR,2BA | $1.28 |
| Bradford House | Two Bedroom | 2BR,1BA | $1.94 |
| 528 S 5th Ave | 1 Bedroom | 2BR,1BA | $1.42 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1.72 |
| Unger Apartments - 5-10 Minute Walk to UofM! | 1 Bedroom | 1BR,1BA | $1.56 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1.66 |
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 $1,500.
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 $1,200, while the average apartment in Downtown Ann Arbor costs $1,826.
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 69 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 $1,133 which is $693 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.