311 Thompson St
Ann ArborMI48104
Cheap Homes for Rent in Downtown Ann Arbor Neighborhood of Ann Arbor, MI from $1,200 (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, Unit 13c
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.
555 E William St
Ann ArborMI48104
555 E William St
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.
555 E William St
Ann ArborMI48104
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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 | $3,411 | $1,995 | $4,600 |
| Downtown Ann Arbor 3 Bedroom Homes for Rent | $4,125 | $4,125 | $4,125 |
| Downtown Ann Arbor 4 Bedroom Homes for Rent | $3,500 | $3,200 | $3,800 |
| Downtown Ann Arbor 5 Bedroom Homes for Rent | $5,800 | $5,800 | $5,800 |
| Downtown Ann Arbor 6 Bedroom Homes for Rent | $6,810 | $6,600 | $7,200 |
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 2 Beds unit found at Z Place Apartments priced from $999. 323 Packard St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Downtown Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Z Place Apartments | B1 Alt1 - 2x1 | 2BR,1BA | $999 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1,100 |
| Z West Apartments | B2 Alt2 | 2BR,2BA | $1,195 |
Best Value Apartments for Rent in Downtown Ann Arbor, MI
As of March 22, 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 Arlington Suite Model at The Point starting at $5,080 with a $2.96 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 | $0.56 |
| The Point | Arlington Suite | 4BR,2BA | $2.96 |
| Six11 | 4BR/4BA - C | 4BR,4BA | $1.42 |
| Z Place Apartments | B1 Alt2 - 2x1 | 2BR,1BA | $1.21 |
| The Legacy at Ann Arbor | B2 - 2x2 | 2BR,2BA | $2.65 |
| Landmark | 2X1 | 2BR,1BA | $2.05 |
| The Varsity(MI) | 2 Bedroom 2 Bathroom | 2BR,2BA | $2.40 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1.52 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $2.06 |
| Z West Apartments | A1 Alt | 1BR,1BA | $2.70 |
Frequently Asked Questions about Downtown Ann Arbor
What type of rentals are currently available in Downtown Ann Arbor?
There are currently 278 Apartments for Rent in Downtown Ann Arbor, MI with pricing that ranges from $605 to $7,680. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Ann Arbor ranging from $1,240 to $8,800.
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 $1,240 to $8,800 with an average monthly rent of $4,959.
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 $1,450 to $4,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,125 to $4,125. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $675.
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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.