1241 Island Dr, Unit 2
1241 Island Dr
Ann ArborMI48105
Cheap Homes for Rent in Ann Arbor, MI from $699 (31 Rentals)
Search the lowest-cost Homes available for rent right now in Ann Arbor.
126 Hill St
Ann ArborMI48104
802 E Kingsley St
Ann ArborMI48104
840 W Huron St, Unit 1
840 W Huron St
Ann ArborMI48103
2116 Thaler Ave
Ann ArborMI48103
533 Elizabeth St
Ann ArborMI48104
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$9503 Bedroom Apartments Available Now
2130-2132 Washtenaw Ave, Unit 2132
2130-2132 Washtenaw AveAnn Arbor, MI 48104
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
2317 Packard St
Ann ArborMI48104
1531 Packard St
Ann ArborMI48104
1556 Jones Dr
Ann ArborMI48105
4206 Packard St
Ann ArborMI48108
4218 Packard St
Ann ArborMI48108
111 Fieldcrest St, Unit 205
111 Fieldcrest St
Ann ArborMI48103
3261 Platt Rd, Unit 3261 Platt Rd
3261 Platt Rd
Ann ArborMI48108
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
2238 Dexter Ave
Ann ArborMI48103
555 E William St, Unit 17th floor
555 E William St
Ann ArborMI48104
2116 Pauline Blvd
Ann ArborMI48103
685 S Wagner Rd
Ann ArborMI48103
2636 Stadium View Dr
YpsilantiMI48197
2118 Pauline Blvd
Ann ArborMI48103
1112 Fountain St
Ann ArborMI48103
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
2152 Pauline Blvd
Ann ArborMI48103
2108 Pauline Blvd
Ann ArborMI48103
2472 Hawks Ave
Ann ArborMI48108
1531 Packard St
Ann ArborMI48104
225 Briarcrest, Unit 202
225 Briarcrest
Ann ArborMI48104
111 Fieldcrest St
Ann ArborMI48103
1085 Joyce Ln
Ann ArborMI48103
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.
2570 Hawks Ave
Ann ArborMI48108
1002 Fountain St
Ann ArborMI48103
555 E William St
Ann ArborMI48104
Showing Results 1-31, 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 | $2,098 | $1,250 | $4,000 |
| Ann Arbor 3 Bedroom Homes for Rent | $2,859 | $1,995 | $4,950 |
| Ann Arbor 4 Bedroom Homes for Rent | $3,443 | $1,900 | $4,695 |
| Ann Arbor 5 Bedroom Homes for Rent | $4,266 | $2,750 | $6,500 |
| Ann Arbor 6 Bedroom Homes for Rent | $6,345 | $4,995 | $7,280 |
| Ann Arbor 7 Bedroom Homes for Rent | $5,818 | $850 | $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: 09/07/2026Current apartment rentals in the Ann Arbor, MI area range in price from $699 to $8,860 with an overall median price of $2,383. The three Ann Arbor neighborhoods with the lowest median rent pricing are Crossings Of Ann Arbor at $1,950, North Campus Plaza at $1,975, and Dicken at $2,000. 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 |
|---|---|---|---|
| Crossings Of Ann Arbor | $1,950 | $699 | 28 |
| North Campus Plaza | $1,975 | $699 | 14 |
| Dicken | $2,000 | $1,550 | 12 |
| Old Fourth Ward | $2,000 | $699 | 22 |
| Sister Lakes | $2,000 | $800 | 34 |
| Kerrytown | $2,150 | $800 | 6 |
| Barton Plateau Huron River Heights | $2,200 | $699 | 48 |
| Carpenter | $2,200 | $1,295 | 29 |
| Northside | $2,200 | $699 | 58 |
| Bryant Pattengill West | $2,225 | $1,200 | 27 |
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. Z West Apartments in the Chapel Hill neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $846. 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 |
| Z West Apartments | B3 Alt1 | 2BR,2BA | $846 |
| Evergreen | Belmont | 1BR,1BA | $929 |
| Aspen Chase | Algonac | 1BR,1BA | $949 |
| Manchester Flats | The Kent | 1BR,1BA | $949 |
| Varsity Management | 2BR/1.0BA | 2BR,1BA | $960 |
| Camelot Apartments | 1BR/1BA Upgraded | 1BR,1BA | $995 |
| The Sans Souci | Classic 1 Bedroom | 1BR,1BA | $995 |
Best Value Apartments for Rent in Ann Arbor, MI
As of September 07, 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 City Townhome Model at City Place Ann Arbor starting at $1,285 with a $0.57 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. |
|---|---|---|---|
| 1803 Hill St | 1803 Hill St. | 1BR,3.5BA | $0.30 |
| City Place Ann Arbor | City Townhome | 6BR,5BA | $0.57 |
| 518 Monroe St | Per Bedroom - Shared House | 1BR,1BA | $0.49 |
| 1540 Packard St, Unit Apt 2 | 1540 Packard St | 4BR,2BA | $0.49 |
| 533 Elizabeth St, Unit 533 Elizabeth | 533 Elizabeth St | 5BR,1BA | $0.50 |
| Z Place Apartments | D1 - 4x2 | 4BR,2BA | $0.99 |
| 815 S State St | 2 Bedroom | 2BR,1BA | $0.77 |
| Truth House - All Inclusive | Double Room - Per Bed - Furnished | 1BR,1BA | $0.87 |
| 915 S. Division | 3 Bedroom | 3BR,1BA | $0.89 |
| 912 Brown St | 2 Bedroom | 2BR,1BA | $0.82 |
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.
Read Article
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.
Read ArticleReal 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
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Ann Arbor, MI Rentals by Map
See the most popular apartments and homes in Ann Arbor, MI
Frequently Asked Questions about Ann Arbor
What type of rentals are currently available in Ann Arbor?
There are currently 893 Apartments for Rent in Ann Arbor, MI with pricing that ranges from $750 to $8,300. There are also 206 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ann Arbor ranging from $699 to $8,860.
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 $8,860 with an average monthly rent of $2,657.
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 $949 to $5,056, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $4,950. Four Bedroom Single-Family rentals are also available starting from $1,900 and Four Bedroom Apartments start at $825.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.