555 E William St, Unit 12E
555 E William St
Ann ArborMI48104
Cheap Homes for Rent in Downtown Ann Arbor Neighborhood of Ann Arbor, MI from $1,700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Ann Arbor area of Ann Arbor.
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, Unit 22E
555 E William St
Ann ArborMI48104
309 N Ingalls St, Unit 1
309 N Ingalls 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.
812 Lawrence St
Ann ArborMI48104
Showing Results 1-5, 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 | $3,550 | $2,800 | $4,000 |
| Downtown Ann Arbor 3 Bedroom Homes for Rent | $3,548 | $2,975 | $4,100 |
| Downtown Ann Arbor 4 Bedroom Homes for Rent | $3,097 | $2,995 | $3,200 |
| Downtown Ann Arbor 5 Bedroom Homes for Rent | $4,845 | $4,490 | $5,200 |
| Downtown Ann Arbor 6 Bedroom Homes for Rent | $6,598 | $4,995 | $8,195 |
| 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 5 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 Studio unit found at Forest Plaza 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 |
|---|---|---|---|
| Forest Plaza Apartments | Studio | Studio,1BA | $1,195 |
| Landmark | 4X2C | 4BR,2BA | $1,315 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in Downtown Ann Arbor, MI
As of June 21, 2026 the best value apartment in the Downtown Ann Arbor area is the $0.59 price per square foot 1 Bedroom - Shared House Model at 518 Monroe St in the in the Chapel Hill neighborhood starting from $1,200. The second greatest value Downtown Ann Arbor apartment is the 4B - Deluxe Model at Vic Village North starting at $1,729 with a $1.46 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 | 1 Bedroom - Shared House | 1BR,1BA | $0.59 |
| Vic Village North | 4B - Deluxe | 4BR,4BA | $1.46 |
| 503 Church St | 2 bed | 2BR,1BA | $2.40 |
| 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 | $2.43 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1.93 |
| Forest Plaza Apartments | Studio | Studio ,1BA | $2.25 |
Frequently Asked Questions about Downtown Ann Arbor
What type of rentals are currently available in Downtown Ann Arbor?
There are currently 281 Apartments for Rent in Downtown Ann Arbor, MI with pricing that ranges from $846 to $7,600. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Ann Arbor ranging from $1,700 to $8,195.
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 $1,700 to $8,195 with an average monthly rent of $4,129.
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 $955 to $4,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,975 to $4,100. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $955.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.