Cheap Homes for Rent in Ann Arbor, MI from $800 (62 Rentals)

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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 555 E William St

555 E William St

Ann ArborMI48104
property at 1531 Packard St

1531 Packard 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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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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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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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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Ann Arbor, MI Local Guide

Cheapest Neighborhoods for Apartments in Ann Arbor, MI

Pricing Updated: 10/31/2025

Current apartment rentals in the Ann Arbor, MI area range in price from $850 to $12,000 with an overall median price of $9,022. The three Ann Arbor neighborhoods with the lowest median rent pricing are Abbot at $900, Sister Lakes at $900, and Westover Hills at $999. 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$90059
Sister Lakes$1,799$90059
Westover Hills$1,799$99956
Carpenter$2,239$921124
Bryant$2,522$921218
Glazier Way$2,576$850332
Bryant Pattengill West$2,686$921172
Dicken$2,699$1,30036
Haisley$3,225$999269
Kerrytown$3,750$1,4002

Cheapest Available Ann Arbor Apartments for Rent

 

The cheapest available apartment rental in Ann Arbor, MI is a 1 Bed unit found at 731 Packard in the Central Ann Arbor neighborhood priced from $850. Aspen Chase in the Aspen Ridge Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Ann Arbor apartments for rent:

Apartment ListingModel NameBed/BathPriced From
731 PackardSingle Bedroom October to December1BR,$850
Aspen ChaseAlgonac1BR,1BA$899
EvergreenCarpenter1BR,1BA$929
The VillasThe Allen1BR,1BA$949
Hidden Valley ClubThe Rivard1BR,1BA$979
The Pines of Cloverlane ApartmentsVerona2BR,1BA$991
Island DriveOne Bedroom Phase 31BR,1BA$999
AVIA Lofts on Victors WayStudioStudio,1BA$999
121 Hill StSingle Bedroom1BR,$1,000

Best Value Apartments for Rent in Ann Arbor, MI

As of October 31, 2025 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 home Model at 807 S Main St starting at $2,750 with a $1.25 price per square foot in the North Central 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
807 S Main Sthome3BR,1BA$1.25
828 Greene St6-Unit Suite6BR,2BA$0.61
Cloverly Village of Ann ArborGrove Loft2BR,2.5BA$1.22
Meadowbrook VillageThe Starling2BR,2BA$1.45
Traver RidgeThe George2BR,2BA$1.35
817 Arch StTwo-Bedroom - Classic2BR,1BA$1.40
Mulberry Row Apartments2 Bedroom2BR,1BA$1.39
Jackson West1 Bed, 1 Bath1BR,1BA$1.36
Hidden Valley ClubThe Rivard1BR,1BA$1.42

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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Pet Friendly Lifestyle
Ann Arbor, MI

Ranked #9

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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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Ann Arbor, MI Apartments Map
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Ann Arbor, MI Rental Homes Map

Frequently Asked Questions about Ann Arbor

What type of rentals are currently available in Ann Arbor?

There are currently 874 Apartments for Rent in Ann Arbor, MI with pricing that ranges from $850 to $12,000. There are also 285 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ann Arbor ranging from $888 to $10,550.

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 $888 to $10,550 with an average monthly rent of $4,554.

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 $1,651 to $6,000. Four Bedroom Single-Family rentals are also available starting from $2,500 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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.