555 E William St, Unit 6B
555 E William St
Ann ArborMI48104
Cheap Homes for Rent in the Downtown Ann Arbor Neighborhood of Ann Arbor, MI from $1,600 (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
Ann ArborMI48104
555 E William St
Ann ArborMI48104
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$1,9501 Bedroom Apartments Available Now
315 N Thayer St, Unit 1
315 N Thayer StAnn Arbor, MI 48104
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, Unit 22E
555 E William St
Ann ArborMI48104
309 N Ingalls St, Unit 1
309 N Ingalls St
Ann ArborMI48104
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$2,1501 Bedroom Apartments Available Now
315 N Thayer St, Unit 5
315 N Thayer StAnn Arbor, MI 48104
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$2,3001 Bedroom Apartments Available Now
321 E Ann St, Unit 4
321 E Ann StAnn Arbor, MI 48104
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 | $3,333 | $2,600 | $3,700 |
| Downtown Ann Arbor 3 Bedroom Homes for Rent | $3,747 | $3,395 | $4,100 |
| Downtown Ann Arbor 4 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
| Downtown Ann Arbor 5 Bedroom Homes for Rent | $3,500 | $2,750 | $4,250 |
| Downtown Ann Arbor 6 Bedroom Homes for Rent | $6,198 | $4,995 | $7,200 |
| Downtown Ann Arbor 7 Bedroom Homes for Rent | $5,900 | $5,900 | $5,900 |
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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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 $1,200. Forest Plaza Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,275. 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 | $1,200 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1,275 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1,408 |
Best Value Apartments for Rent in Downtown Ann Arbor, MI
As of August 05, 2026 the best value apartment in the Downtown Ann Arbor area is the $0.59 price per square foot House ($1200/person - 6 person total) 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 $1,742 with a $1.47 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 | House ($1200/person - 6 person total) | 6BR,3BA | $0.59 |
| Vic Village North | 4B - Deluxe | 4BR,4BA | $1.47 |
| 503 Church St | 2 bed | 2BR,1BA | $2.40 |
| Bradford House | Two Bedroom | 2BR,1BA | $1.94 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1.72 |
| 815 E Huron St - 5-10 Minute Walk from UofM! | 1 Bedroom | 1BR,1BA | $2.63 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1.66 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1.78 |
| 1321 Wilmot St | 2 Bed 1 Bath | 2BR,1BA | $2.57 |
| 535 Packard St, Unit 3 and 4 | 535 Packard St | 1BR,1BA | $2.08 |
Frequently Asked Questions about Downtown Ann Arbor
What type of rentals are currently available in Downtown Ann Arbor?
There are currently 286 Apartments for Rent in Downtown Ann Arbor, MI with pricing that ranges from $846 to $6,790. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Ann Arbor ranging from $1,400 to $7,200.
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 $1,400 to $7,200 with an average monthly rent of $2,863.
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 $949 to $4,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,395 to $4,100. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $949.
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.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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.