705 S Division St
Ann ArborMI48104
Cheap Homes for Rent in the Downtown Ann Arbor Neighborhood of Ann Arbor, MI from $1,350 (8 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 3K
555 E William St
Ann ArborMI48104
555 E William St, Unit 17th floor
555 E William St
Ann ArborMI48104
555 E William 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.
555 E William St
Ann ArborMI48104
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$1,9502 Bedroom Apartments Available Now
539 S 5th Ave, Unit 6
539 S 5th AveAnn Arbor, MI 48104
309 N Ingalls St, Unit 1
309 N Ingalls St
Ann ArborMI48104
109 Adams Ave
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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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 | $2,500 | $2,500 | $2,500 |
| Downtown Ann Arbor 3 Bedroom Homes for Rent | $3,816 | $3,000 | $4,500 |
| Downtown Ann Arbor 4 Bedroom Homes for Rent | $3,456 | $3,200 | $3,713 |
| Downtown Ann Arbor 5 Bedroom Homes for Rent | $4,370 | $4,250 | $4,490 |
| Downtown Ann Arbor 6 Bedroom Homes for Rent | $7,422 | $6,000 | $9,969 |
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 8 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 Homes for Rent in Downtown Ann Arbor, MI
As of September 20, 2026 the best value rental home in the Downtown Ann Arbor area is the $3.16 price per square foot 523 S 4th Ave Model at 523 S 4th Ave, Unit Main in the Chapel Hill neighborhood starting from $6,000. The second greatest value Downtown Ann Arbor rental home is the 521 S 4th Ave Model at 521 S 4th Ave, Unit Main in the Chapel Hill neighborhood starting at $7,200 with a $4.80 price per square foot. Here is today’s list of the best values for Downtown Ann Arbor homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 523 S 4th Ave, Unit Main | 523 S 4th Ave | 6BR, 2BA | $3.16 |
| 521 S 4th Ave, Unit Main | 521 S 4th Ave | 6BR, 2.5BA | $4.80 |
| 125 Adams St, Unit House | 125 Adams St | 4BR, 1BA | $3.48 |
| 109 Adams Ave | 109 Adams Ave | 2BR, 1BA | $2.50 |
| 309 N Ingalls St, Unit Unit 1 | 309 N Ingalls St | 1BR, 1BA | $2.00 |
| 555 E William St, Unit 17th floor | 555 E William St | Studio, 1BA | $3.49 |
| 555 E William St | 555 E William St | Studio, 1BA | $3.75 |
| 555 E William St, Unit 3K | 555 E William St | Studio, 1BA | $3.79 |
Frequently Asked Questions about Downtown Ann Arbor
What type of rentals are currently available in Downtown Ann Arbor?
There are currently 287 Apartments for Rent in Downtown Ann Arbor, MI with pricing that ranges from $709 to $6,495. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Ann Arbor ranging from $1,350 to $9,969.
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 $1,350 to $9,969 with an average monthly rent of $3,504.
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 $3,000 to $4,500. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $799.
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.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
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.