Cheap Homes for Rent in Ann Arbor, MI from $900 (38 Rentals)

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

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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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 1400 Morton Ave

1400 Morton Ave

Ann ArborMI48104

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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property at 1041 N Main St

1041 N Main St

Ann ArborMI48104
property at 1400 Morton Ave

1400 Morton Ave

Ann ArborMI48104

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 1-38, Page 1 of 1

Ann Arbor, MI Local Guide

Cheapest Neighborhoods for Apartments in Ann Arbor, MI

Pricing Updated: 06/12/2025

Current apartment rentals in the Ann Arbor, MI area range in price from $549 to $9,400 with an overall median price of $4,889. The three Ann Arbor neighborhoods with the lowest median rent pricing are Allen at $549, Carpenter at $1,089, and Sister Lakes at $1,035. 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
Allen$1,879$549196
Carpenter$1,960$1,08985
Sister Lakes$2,095$1,035106
Westover Hills$2,185$94979
Northeast Ann Arbor$2,345$549229
Woodhaven Hills$2,345$549258
Downtown Ann Arbor$2,450$54937
Angells$2,505$549118
Dicken$2,650$1,24966
Yost$2,776$1,03572

Cheapest Available Ann Arbor Apartments for Rent

 

The cheapest available apartment rental in Ann Arbor, MI is a 1 Bed unit found at The Pines of Cloverlane Apartments in the Wellesley Gardens neighborhood priced from $952. Aspen Chase in the Aspen Ridge Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $979. Here is today’s list of the most affordable Ann Arbor apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Pines of Cloverlane ApartmentsLatte1BR,1BA$952
Aspen ChaseAlgonac1BR,1BA$979
The VillasThe Allen1BR,1BA$1,019
Courthouse Square - A 55+ CommunityUpgraded 1 bedroom 1 bath1BR,1BA$1,150
Jackson West1 Bed, 1 Bath1BR,1BA$1,185
South GroveA1BR,1BA$1,185
Glencoe HillsGrand Haven1BR,1BA$1,199
Ann Arbor WoodsOne Bedroom One Bath1BR,1BA$1,201

Best Value Apartments for Rent in Ann Arbor, MI

As of June 12, 2025 the best value apartment in the Ann Arbor area is the $1.25 price per square foot home Model at 807 S Main St in the in the North Central Ann Arbor neighborhood starting from $2,750. The second greatest value Ann Arbor apartment is the 533 Elizabeth St Model at 533 Elizabeth St, Unit 533 Elizabeth starting at $699 with a $0.34 price per square foot in the Chapel Hill 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.
807 S Main Sthome3BR,1BA$1.25
533 Elizabeth St, Unit 533 Elizabeth533 Elizabeth St6BR,2BA$0.34
The Fountain BLU2 Bedroom2BR,3BA$1.33
530 Miller Ave, Unit Cooperative House530 Miller Ave6BR,2.5BA$0.44
Saga Ann ArborD24BR,3BA$0.67
Lakestone Apartments2 Bedroom 1 Bath2BR,1BA$1.22
Sparrow WoodFinchwood1BR,1.5BA$1.43
Golfside LakeMichigan2BR,1BA$1.45
Jackson West2 Bed, 1 Bath2BR,1BA$1.52
Glencoe HillsGrand Haven1BR,1BA$1.50

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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Frequently Asked Questions about Ann Arbor

What type of rentals are currently available in Ann Arbor?

There are currently 757 Apartments for Rent in Ann Arbor, MI with pricing that ranges from $549 to $9,400. There are also 154 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ann Arbor ranging from $999 to $9,393.

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 $999 to $9,393 with an average monthly rent of $3,638.

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 $889 to $4,350, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,150 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,900 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.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.