732 S Forest Ave
Ann ArborMI48104
Cheap Homes for Rent in Downtown Ann Arbor Neighborhood of Ann Arbor, MI from $1,100 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Ann Arbor area of Ann Arbor.
555 E William St, Unit 12E, Unit 12E
555 E William St
Ann ArborMI48104
555 E William St, Unit 14B, Unit 14B
555 E William 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.
555 E William St
Ann ArborMI48104
555 E William St, Unit 22E, Unit 22E
555 E William St
Ann ArborMI48104
555 E William 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.
Showing Results 1-6, Page 1 of 1
Downtown Ann Arbor, Ann Arbor, MI Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Downtown Ann Arbor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Ann Arbor 2 Bedroom Homes for Rent | $2,950 | $2,900 | $3,000 |
| Downtown Ann Arbor 3 Bedroom Homes for Rent | $3,975 | $3,975 | $3,975 |
| Downtown Ann Arbor 4 Bedroom Homes for Rent | $3,350 | $3,200 | $3,500 |
| Downtown Ann Arbor 5 Bedroom Homes for Rent | $5,075 | $4,950 | $5,200 |
| Downtown Ann Arbor 6 Bedroom Homes for Rent | $7,287 | $6,600 | $8,750 |
| Downtown Ann Arbor 7 Bedroom Homes for Rent | $7,100 | $7,100 | $7,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 6 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 $1,195. Landmark has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,315. 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 | B2 Alt2 | 2BR,2BA | $1,195 |
| Landmark | 4X2C | 4BR,2BA | $1,315 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1,340 |
Best Value Apartments for Rent in Downtown Ann Arbor, MI
As of May 07, 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 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1.72 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1.72 |
| The Legacy at Ann Arbor | B2 - 2x2 | 2BR,2BA | $2.66 |
| 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 |
| Z West Apartments | A1 Alt | 1BR,1BA | $2.24 |
Frequently Asked Questions about Downtown Ann Arbor
What type of rentals are currently available in Downtown Ann Arbor?
There are currently 266 Apartments for Rent in Downtown Ann Arbor, MI with pricing that ranges from $709 to $8,750. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Ann Arbor ranging from $1,145 to $8,750.
What is the current price range for Rental Homes in Downtown Ann Arbor?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Ann Arbor ranges from $1,145 to $8,750 with an average monthly rent of $4,239.
How much are larger Three and Four Bedroom Rentals in Downtown Ann Arbor?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Ann Arbor range from $709 to $4,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,975 to $3,975. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $1,129.
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.