
Cheap Homes for Rent in Downtown Ann Arbor Neighborhood of Ann Arbor, MI from $1,600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Ann Arbor area of Ann Arbor.


555 E William St

309 N Ingalls St, Unit Unit 1

111 N Ashley St

1342 N University Ct
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

115 Adams St

113 Adams St

119 Adams St

124 Adams St
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.
Downtown Ann Arbor, Ann Arbor, MI Local Guide

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 | $3,750 | $3,000 | $4,500 |
| Downtown Ann Arbor 3 Bedroom Homes for Rent | $4,342 | $2,685 | $6,000 |
| Downtown Ann Arbor 4 Bedroom Homes for Rent | $4,414 | $3,800 | $5,987 |
| Downtown Ann Arbor 5 Bedroom Homes for Rent | $6,157 | $4,730 | $7,219 |
| Downtown Ann Arbor 6 Bedroom Homes for Rent | $7,503 | $5,250 | $9,495 |
| Downtown Ann Arbor 7 Bedroom Homes for Rent | $8,945 | $8,895 | $8,995 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Downtown Ann Arbor Neighborhood of Ann Arbor, MI.
Explore Ann Arbor
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 1 Bed unit found at 323 Packard St priced from $1,100. 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 |
|---|---|---|---|
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1,100 |
| Landmark | 4X2C | 4BR,2BA | $1,315 |
| 332 E William St | 1 Bed | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in Downtown Ann Arbor, MI
As of October 26, 2025 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 Apartment Model at 301 N State St starting at $3,000 with a $2.00 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 |
| 301 N State St | Apartment | 3BR,1BA | $2.00 |
| VERVE Ann Arbor | 4BR - 09 | 4BR,4BA | $1.65 |
| 215 S 4th Ave, Unit 2B | 215 S 4th Ave | 1BR,1BA | $2.06 |
| Landmark | 2X1 | 2BR,1BA | $2.05 |
| The Varsity(MI) | 2 Bedroom 2 Bathroom | 2BR,2BA | $2.22 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1.52 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1.96 |
| 332 E William St | 1 Bed | 1BR,1BA | $2.28 |
| 800 Lawrence St, Unit Unit 1 | 800 Lawrence St | 1BR,1BA | $3.09 |
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 $980 to $12,000. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Ann Arbor ranging from $1,650 to $9,495.
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 $1,650 to $9,495 with an average monthly rent of $5,564.
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 $1,399 to $5,355, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,685 to $6,000. Four Bedroom Single-Family rentals are also available starting from $3,800 and Four Bedroom Apartments start at $999.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.