1241 Island Dr, Unit 2
1241 Island Dr
Ann ArborMI48105
Cheap Homes for Rent in Ann Arbor, MI from $600 (24 Rentals)
Search the lowest-cost Homes available for rent right now in Ann Arbor.
533 Elizabeth St
Ann ArborMI48104
2116 Thaler Ave
Ann ArborMI48103
840 W Huron St, Unit 1
840 W Huron St
Ann ArborMI48103
533 Elizabeth St
Ann ArborMI48104
1116 Packard St
Ann ArborMI48104
926 Dewey Ave
Ann ArborMI48104
544 N State St
Ann ArborMI48104
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.
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$9503 Bedroom Apartments Available Aug 5
2130-2132 Washtenaw Ave, Unit 2132
2130-2132 Washtenaw AveAnn Arbor, MI 48104
2915 Chesterfield St
Ann ArborMI48104
1633 Leaird Dr
Ann ArborMI48105
4206 Packard St
Ann ArborMI48108
610 S Ashley St
Ann ArborMI48103
2317 Packard St
Ann ArborMI48104
2455 S Main St
Ann ArborMI48103
2636 Stadium View Dr
YpsilantiMI48197
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.
2116 Pauline Blvd
Ann ArborMI48103
111 Fieldcrest St, Unit 205
111 Fieldcrest St
Ann ArborMI48103
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$1,6001 Bedroom Apartments Available Aug 24
1303 Wilmot St, Unit 21
1303 Wilmot StAnn Arbor, MI 48104
1531 Packard St
Ann ArborMI48104
2108 Pauline Blvd
Ann ArborMI48103
555 E William St, Unit 12E
555 E William St
Ann ArborMI48104
2658 Stadium View Dr
YpsilantiMI48197
555 E William St
Ann ArborMI48104
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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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 | $2,237 | $1,350 | $3,850 |
| Ann Arbor 3 Bedroom Homes for Rent | $3,063 | $1,795 | $8,500 |
| Ann Arbor 4 Bedroom Homes for Rent | $3,338 | $895 | $4,995 |
| Ann Arbor 5 Bedroom Homes for Rent | $4,613 | $2,750 | $6,500 |
| Ann Arbor 6 Bedroom Homes for Rent | $4,989 | $889 | $7,280 |
| 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: 07/15/2026Current apartment rentals in the Ann Arbor, MI area range in price from $699 to $10,360 with an overall median price of $7,410. The three Ann Arbor neighborhoods with the lowest median rent pricing are Bryant Pattengill East at $1,450, South Area at $1,000, and Dicken at $1,550. 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 |
|---|---|---|---|
| Bryant Pattengill East | $3,175 | $1,450 | 10 |
| South Area | $3,175 | $1,000 | 10 |
| Dicken | $3,325 | $1,550 | 16 |
| Carpenter | $3,350 | $1,000 | 20 |
| Orchard Hills Maplewood | $3,400 | $2,900 | 2 |
| Bryant | $3,500 | $1,000 | 26 |
| Bryant Pattengill West | $3,500 | $1,450 | 23 |
| Haisley | $3,700 | $800 | 23 |
| Abbot | $3,747 | $800 | 30 |
| Sister Lakes | $3,795 | $800 | 29 |
Cheapest Available Ann Arbor Apartments for Rent
The cheapest available apartment rental in Ann Arbor, MI is a 1 Bed unit found at 1803 Hill St in the Northeast Ann Arbor neighborhood priced from $825. Evergreen in the Aspen Ridge Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $919. Here is today’s list of the most affordable Ann Arbor apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1803 Hill St | 1803 Hill St. | 1BR,3BA | $825 |
| Evergreen | Abbot | 1BR,1BA | $919 |
| Aspen Chase | Algonac | 1BR,1BA | $919 |
| 1722 W Liberty St | 3 Bedroom (Per Person - $967) | 3BR,2BA | $967 |
| Camelot Apartments | 1BR/1BA Upgraded | 1BR,1BA | $995 |
Best Value Apartments for Rent in Ann Arbor, MI
As of July 15, 2026 the best value apartment in the Ann Arbor area is the $0.30 price per square foot 1803 Hill St. Model at 1803 Hill St in the in the Northeast Ann Arbor neighborhood starting from $825. The second greatest value Ann Arbor apartment is the 1540 Packard St Model at 1540 Packard St, Unit Apt 2 starting at $800 with a $0.30 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1803 Hill St | 1803 Hill St. | 1BR,3.5BA | $0.30 |
| 1540 Packard St, Unit Apt 2 | 1540 Packard St | 4BR,2BA | $0.30 |
| 807 S Main St | House | 3BR,1BA | $1.32 |
| 518 Monroe St | House ($1200/person - 6 person total) | 6BR,3BA | $0.59 |
| 1722 W Liberty St | 3 Bedroom (Per Person - $967) | 3BR,2BA | $0.83 |
| Mulberry Row Apartments | 2 Bedroom | 2BR,1BA | $1.35 |
| Glencoe Hills | Drummond | 2BR,1.5BA | $1.35 |
| Z Place Apartments | B1 Alt2 - 2x1 | 2BR,1BA | $1.21 |
| Roundtree | The Birch | 1BR,1BA | $1.35 |
| Camelot Apartments | 1BR/1BA Upgraded | 1BR,1BA | $1.24 |
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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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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Ann Arbor
What type of rentals are currently available in Ann Arbor?
There are currently 887 Apartments for Rent in Ann Arbor, MI with pricing that ranges from $655 to $7,200. There are also 218 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ann Arbor ranging from $699 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 $699 to $10,360 with an average monthly rent of $4,593.
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 $4,956, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $8,500. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $800.
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
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.