533 Elizabeth St
Ann ArborMI48104
Cheap Homes for Rent in Ann Arbor, MI from $700 (35 Rentals)
Search the lowest-cost Homes available for rent right now in Ann Arbor.
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$9457 Bedroom Apartments Available Aug 15
533 Elizabeth St, Unit 2
533 Elizabeth StAnn Arbor, MI 48104
544 N State St
Ann ArborMI48104
4190 Packard St
Ann ArborMI48108
536 Detroit St
Ann ArborMI48104
2319 Packard St
Ann ArborMI48104
2116 Thaler Ave
Ann ArborMI48103
2636 Stadium View Dr
YpsilantiMI48197
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
2824 Whitewood St
Ann ArborMI48104
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$1,6001 Bedroom Apartments Available Aug 24
1303 Wilmot St, Unit 21
1303 Wilmot StAnn Arbor, MI 48104
2740 Aurora St
Ann ArborMI48105
1531 Packard St
Ann ArborMI48104
111 Fieldcrest St, Unit 205, Unit 205
111 Fieldcrest St
Ann ArborMI48103
225 Briarcrest, Unit 202, Unit 202
225 Briarcrest
Ann ArborMI48104
2150 Pauline Blvd
Ann ArborMI48103
1419 Millbrook Trail
Ann ArborMI48108
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.
555 E William St, Unit 12E, Unit 12E
555 E William St
Ann ArborMI48104
1257 Island Dr
Ann ArborMI48105
253 Brookridge Ct
Ann ArborMI48103
101 Fieldcrest St
Ann ArborMI48103
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$1,823Studio Apartments Available Now
Furnished Studio-Detroit - Ann Arbor - Briarwood Mall
1501 Briarwood CirAnn Arbor, MI 48108
555 E William St
Ann ArborMI48104
1249 Island Dr, Unit 104, Unit 104
1249 Island Dr
Ann ArborMI48105
3234 Bolgos Cir, Unit 3234 Bolgos Circle, Unit 3234 Bolgos Circle
3234 Bolgos Cir
Ann ArborMI48105
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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$1,8502 Bedroom Apartments Available Jul 14
109 Fieldcrest St, Unit 204
109 Fieldcrest StAnn Arbor, MI 48103
1522 Oakfield Dr
Ann ArborMI48108
424 N State St
Ann ArborMI48104
1388 Heatherwood Ln
Ann ArborMI48108
2152 Pauline Blvd
Ann ArborMI48103
1718 Orchard St
Ann ArborMI48103
3385 Burbank Dr
Ann ArborMI48105
1185 Joyce Ln
Ann ArborMI48103
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.
122 Allen Dr
Ann ArborMI48103
219 Brookridge Ct, Unit 1, Unit 1
219 Brookridge Ct
Ann ArborMI48103
2269 S Main St, Unit 2269 S.Main St., Unit 2269 S.Main St.
2269 S Main St
Ann ArborMI48103
Showing Results 1-35, Page 1 of 1
Ann Arbor, MI Local Guide
How much does it cost to rent a home in Ann Arbor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ann Arbor 2 Bedroom Homes for Rent | $2,273 | $1,195 | $9,500 |
| Ann Arbor 3 Bedroom Homes for Rent | $3,020 | $2,100 | $4,950 |
| Ann Arbor 4 Bedroom Homes for Rent | $3,316 | $2,400 | $5,495 |
| Ann Arbor 5 Bedroom Homes for Rent | $4,927 | $2,495 | $7,500 |
| Ann Arbor 6 Bedroom Homes for Rent | $6,097 | $950 | $8,750 |
| Ann Arbor 7 Bedroom Homes for Rent | $6,113 | $750 | $8,860 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Ann Arbor, MI Local Guide
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Cheapest Neighborhoods for Apartments in Ann Arbor, MI
Pricing Updated: 05/21/2026Current apartment rentals in the Ann Arbor, MI area range in price from $615 to $8,900 with an overall median price of $4,994. The three Ann Arbor neighborhoods with the lowest median rent pricing are Chapel Hill at $615, King at $615, and Thurston at $615. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Ann Arbor Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Chapel Hill | $1,990 | $615 | 284 |
| King | $1,990 | $615 | 256 |
| Thurston | $2,000 | $615 | 289 |
| Northside | $2,045 | $709 | 235 |
| Abbot | $2,107 | $800 | 48 |
| Sister Lakes | $2,107 | $800 | 46 |
| Westover Hills | $2,107 | $800 | 46 |
| North Central Ann Arbor | $2,175 | $615 | 198 |
| Downtown Ann Arbor | $2,275 | $615 | 138 |
| Glazier Way | $2,275 | $615 | 227 |
Cheapest Available Ann Arbor Apartments for Rent
The cheapest available apartment rental in Ann Arbor, MI is a 3 Beds unit found at 915 S. Division in the Central Ann Arbor neighborhood priced from $900. Aspen Chase in the Aspen Ridge Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here is today’s list of the most affordable Ann Arbor apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 915 S. Division | 3 Bedroom | 3BR,1BA | $900 |
| Aspen Chase | Algonac | 1BR,1BA | $949 |
| Camelot Apartments | 1BR/1BA Upgraded | 1BR,1BA | $975 |
| The Villas | The Carter | 1BR,1BA | $1,029 |
| Evergreen | Abbot | 1BR,1BA | $1,049 |
| 810 S Main St | 1 BED | 1BR,1BA | $1,125 |
| Golfview Manor Aparments | 1 Bd | 1BR,1BA | $1,145 |
| Golfside Lake | Huron | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in Ann Arbor, MI
As of May 21, 2026 the best value apartment in the Ann Arbor area is the $1.32 price per square foot House Model at 807 S Main St in the in the North Central Ann Arbor neighborhood starting from $2,900. The second greatest value Ann Arbor apartment is the House ($1459/person - 6 person total) Model at 518 Monroe St starting at $1,459 with a $0.72 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 807 S Main St | House | 3BR,1BA | $1.32 |
| 518 Monroe St | House ($1459/person - 6 person total) | 6BR,4BA | $0.72 |
| 533 Elizabeth St, Unit 533 Elizabeth | 533 Elizabeth St | 5BR,1BA | $0.50 |
| Six11 | 4BR/4BA - E | 4BR,4BA | $1.43 |
| 915 S. Division | 3 Bedroom | 3BR,1BA | $0.95 |
| Z Place Apartments | B1 Alt2 - 2x1 | 2BR,1BA | $1.21 |
| Mulberry Row Apartments | 2 Bedroom | 2BR,1BA | $1.39 |
| Roundtree | The Birch | 1BR,1BA | $1.36 |
| Across From UofM Campus - 1313 S State St | Short-Term Lease | 2BR,1BA | $1.19 |
| Camelot Apartments | 1BR/1BA Upgraded | 1BR,1BA | $1.22 |
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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Best Local Schools 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 889 Apartments for Rent in Ann Arbor, MI with pricing that ranges from $615 to $8,900. There are also 180 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ann Arbor ranging from $750 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 $750 to $10,360 with an average monthly rent of $4,946.
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 $655 to $4,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $4,950. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $999.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.