Cheap Homes for Rent in Ann Arbor, MI from $800 (41 Rentals)

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Search the lowest-cost Homes available for rent right now in Ann Arbor.

property at 555 E William St

$1,500

Studio, 1 Bath Condo for Rent

Available Now

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.

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property at 2116 Thaler Ave

$1,500

1 Bedroom, 1 Bath Home for Rent

Available Jun 1

2116 Thaler Ave

Ann ArborMI48103
property at 555 E William St

$1,650

Studio, 1 Bath Condo for Rent

Available Now

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.

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property at 555 E William St

$1,750

Studio, 1 Bath Condo for Rent

Available Now

555 E William St

Ann ArborMI48104

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 1225 Island Dr

$1,900

2 Bedroom, 1 Bath Condo for Rent

Available Now

1225 Island Dr

Ann ArborMI48105

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-41, Page 1 of 1

Ann Arbor, MI Local Guide

Cheapest Neighborhoods for Apartments in Ann Arbor, MI

Pricing Updated: 02/03/2026

Current apartment rentals in the Ann Arbor, MI area range in price from $690 to $8,690 with an overall median price of $5,583. The three Ann Arbor neighborhoods with the lowest median rent pricing are Abbot at $800, Sister Lakes at $800, and Westover Hills at $800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Ann Arbor Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Abbot$1,799$80052
Sister Lakes$1,799$80052
Westover Hills$1,799$80051
Glazier Way$2,517$850345
Bryant$2,543$921190
Dicken$2,549$1,20031
Bryant Pattengill West$2,619$921155
Burns Park$2,900$99975
Haisley$3,225$800252
Kerrytown$3,300$8496

Cheapest Available Ann Arbor Apartments for Rent

 

The cheapest available apartment rental in Ann Arbor, MI is a 2 Beds unit found at Brown Street Apartments in the Chapel Hill neighborhood priced from $850. 731 Packard in the Central Ann Arbor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Ann Arbor apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Brown Street Apartments2-Bedroom2BR,1BA$850
731 PackardSingle Bedroom October to December1BR,$850
Aspen ChaseAlgonac1BR,1BA$899
EvergreenAbbot1BR,1BA$899
Golfside LakeErieStudio,1BA$949
Z Place ApartmentsB1 Alt1 - 2x12BR,1BA$999
1100 Hill St2 Bed/1 Bath AVAILABLE NOW Short Term2BR,1BA$1,090

Best Value Apartments for Rent in Ann Arbor, MI

As of February 03, 2026 the best value apartment in the 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 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 Ann Arbor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
City Place Ann ArborCity Townhome6BR,5BA$0.56
510 Mack Rd510 Mack5BR,2BA$0.68
1318 Wilmot St1318 Wilmot6BR,3BA$0.65
1105 Freesia Ct, Unit 6901105 Freesia Ct4BR,2BA$0.38
507 Mack Rd507 Mack4BR,2BA$0.78
1329 S University Ave1329.5 S. University5BR,2.5BA$0.86
Cloverly Village of Ann ArborGrove Loft2BR,2.5BA$1.22
533 Elizabeth St, Unit 2533 Elizabeth St6BR,1BA$0.71
Z Place ApartmentsB1 Alt2 - 2x12BR,1BA$1.21
Brown Street Apartments2-Bedroom2BR,1BA$0.94

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Ann Arbor, MI

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Ann Arbor, MI Rentals by Map

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See the most popular apartments and homes in Ann Arbor, MI

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Frequently Asked Questions about Ann Arbor

What type of rentals are currently available in Ann Arbor?

There are currently 882 Apartments for Rent in Ann Arbor, MI with pricing that ranges from $690 to $8,690. There are also 197 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ann Arbor ranging from $899 to $10,360.

What is the current price range for Rental Homes in Ann Arbor?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Ann Arbor ranges from $899 to $10,360 with an average monthly rent of $4,737.

How much are larger Three and Four Bedroom Rentals in Ann Arbor?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Ann Arbor range from $1,272 to $4,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,975 to $6,000. Four Bedroom Single-Family rentals are also available starting from $1,875 and Four Bedroom Apartments start at $690.

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

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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.

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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.

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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.

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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.