555 E William St
Ann ArborMI48104
Cheap Homes for Rent in Downtown Ann Arbor Neighborhood of Ann Arbor, MI from $1,500 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Ann Arbor area of Ann Arbor.
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
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 | $3,472 | $2,390 | $4,250 |
| Downtown Ann Arbor 4 Bedroom Homes for Rent | $3,933 | $3,800 | $4,000 |
| Downtown Ann Arbor 5 Bedroom Homes for Rent | $6,862 | $6,603 | $6,975 |
| Downtown Ann Arbor 6 Bedroom Homes for Rent | $6,991 | $6,545 | $7,830 |
| Downtown Ann Arbor 7 Bedroom Homes for Rent | $8,729 | $8,713 | $8,745 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downtown Ann Arbor Neighborhood of Ann Arbor, MI.
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Best Value Apartments for Rent in Downtown Ann Arbor, MI
As of January 25, 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 510 Mack Model at 510 Mack Rd starting at $1,375 with a $0.68 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 |
| 510 Mack Rd | 510 Mack | 5BR,2BA | $0.68 |
| 1318 Wilmot St | 1318 Wilmot | 6BR,3BA | $0.65 |
| 507 Mack Rd | 507 Mack | 4BR,2BA | $0.78 |
| 1329 S University Ave | 1329.5 S. University | 5BR,2.5BA | $0.86 |
| VERVE Ann Arbor | 4BR - 09 | 4BR,4BA | $1.65 |
| Z Place Apartments | B1 Alt2 - 2x1 | 2BR,1BA | $1.21 |
| Landmark | 2X1 | 2BR,1BA | $2.05 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1.52 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $2.06 |
Frequently Asked Questions about Downtown Ann Arbor
What type of rentals are currently available in Downtown Ann Arbor?
There are currently 291 Apartments for Rent in Downtown Ann Arbor, MI with pricing that ranges from $999 to $11,200. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Ann Arbor ranging from $1,500 to $9,600.
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 $1,500 to $9,600 with an average monthly rent of $5,592.
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
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.