Cheap Apartments for Rent in the King Neighborhood of Ann Arbor, MI from $500 (162 Rentals)

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Search the lowest-cost Apartments available for rent right now in the King area of Ann Arbor.

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Island Drive
Rent Specials
$1,099 - $2,370
Total Monthly Price

Total Monthly Price

Base Rent
$1,099 - $2,370
Total Monthly Price
$1,099 - $2,370
Studio to 3 Bedroom Apartments Available Now

Island Drive

1099 Maiden LnAnn Arbor, MI 48105
Student Housing
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  • Utilities Included

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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Forest Plaza Apartments
Rent Specials
$1,150 - $1,545
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,545
Total Monthly Price
$1,150 - $1,545
Studio to 1 Bedroom Apartments Available Now

Forest Plaza Apartments

715 S Forest AveAnn Arbor, MI 48104
Student Housing
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property at 1552 Jones Dr

$1,150 - $1,200

1 Bedroom Rentals

Available Aug 11

1552 Jones Dr

Ann ArborMI48105
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Abbey
$1,177 - $3,530
Total Monthly Price

Total Monthly Price

Base Rent
$1,177 - $3,530
Total Monthly Price
$1,177 - $3,530
2 to 3 Bedroom Apartments Available Aug 16

Abbey

909 Church StAnn Arbor, MI 48104
Student Housing
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  • Utilities Included
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1223 Hill St
Rent Specials
$1,230 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,230 - $1,350
Total Monthly Price
$1,230 - $1,350
1 Bedroom Apartments Available Aug 28

1223 Hill St

1223 Hill StAnn Arbor, MI 48104
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535 Packard St, Unit 3 and 4
$1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250
1 Bedroom Apartment Available Jun 9

535 Packard St, Unit 3 and 4

535 Packard StAnn Arbor, MI 48104
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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 1556 Jones Dr

$1,300 - $1,500

1 Bedroom Rentals

Available Aug 11

1556 Jones Dr

Ann ArborMI48105
property at 805 E Huron St

$1,350 - $1,450

Studio To 1 Bedroom Rentals

Available Aug 7

805 E Huron 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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812 Mary St
Rent Specials
$1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400
1 Bedroom Apartments Available Now

812 Mary St

812 Mary StAnn Arbor, MI 48104
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The Haven of Ann Arbor
Rent Specials
$1,445 - $3,818
Total Monthly Price

Total Monthly Price

Base Rent
$1,445 - $3,818
Total Monthly Price
$1,445 - $3,818
Studio to 2 Bedroom Apartments Available Now

The Haven of Ann Arbor

459 Village Green BlvdAnn Arbor, MI 48105
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Michigan Terrace
Rent Specials
$1,475 - $2,275
Total Monthly Price

Total Monthly Price

Base Rent
$1,475 - $2,275
Total Monthly Price
$1,475 - $2,275
2 to 3 Bedroom Apartments Available Aug 28

Michigan Terrace

1025 Packard StAnn Arbor, MI 48104
Student Housing
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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 Highlands Apartments
Rent Specials
$1,555 - $2,280
Total Monthly Price

Total Monthly Price

Base Rent
$1,555 - $2,280
Total Monthly Price
$1,555 - $2,280
1 to 2 Bedroom Apartments Available Aug 15

The Highlands Apartments

1681-1699 Broadway StAnn Arbor, MI 48105
Student Housing
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Traver Crossing
$1,559 - $2,089
Total Monthly Price

Total Monthly Price

Base Rent
$1,559 - $2,089
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Jun 12

Traver Crossing

1984 Traver RdAnn Arbor, MI 48105
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Traver Ridge
Rent Specials
$1,599 - $2,319
Total Monthly Price

Total Monthly Price

Base Rent
$1,599 - $2,319
Total Monthly Price
$1,599 - $2,319
1 to 3 Bedroom Apartments Available Now

Traver Ridge

2395 Leslie CirAnn Arbor, MI 48105
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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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King, Ann Arbor, MI Local Guide

Cheapest Available King Apartments for Rent

 

The cheapest available apartment rental in the King area of Ann Arbor, MI is a 1 Bed unit found at 912 Sybil St priced from $950. Island Drive has the second lowest priced unit, which is a Studio apartment currently listed from $1,199. Here are the most affordable King apartments for rent in Ann Arbor, MI:

Apartment ListingModel NameBed/BathPriced From
912 Sybil St1-Bedroom - August 29, 20261BR,1BA$950
Island DriveEfficiency Phase 2Studio,1BA$1,199
Chestnut LakeAlmond1BR,1BA$1,220
Leaird Drive Studios - All Utilities IncludedStudioStudio,1BA$1,300
Haverhill on Clark1BD-B1BR,1BA$1,310
Landmark4X2C4BR,2BA$1,315
GreenBrier1 Bedroom 3rd Floor1BR,1BA$1,324
Forest Plaza Apartments1 bedroom1BR,1BA$1,340
420 Hill StS 1 Bedroom1BR,1BA$1,375

Best Value Apartments for Rent in King, MI

As of June 08, 2026 the best value apartment in the King area is the $0.59 price per square foot 1 Bedroom - Shared House Model at 518 Monroe St in the in the Chapel Hill neighborhood starting from $1,200. The second greatest value King apartment is the Traver w/ Two Car Garage Model at Hideaway Apartments starting at $3,199 with a $1.68 price per square foot in the Chapel Hill neighborhood. Here is today’s list of the best values for King apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
518 Monroe St1 Bedroom - Shared House1BR,1BA$0.59
Hideaway ApartmentsTraver w/ Two Car Garage4BR,3.5BA$1.68
533 Elizabeth St, Unit 533 Elizabeth533 Elizabeth St5BR,1BA$0.50
Six114BR/4BA - C4BR,4BA$1.36
Vic Village North4B - Deluxe4BR,4BA$1.46
Traver RidgeThe George2BR,2BA$1.60
Saga Ann ArborC13BR,2BA$1.59
Z Place ApartmentsB1 Alt2 - 2x12BR,1BA$1.21
Across From UofM Campus - 1313 S State StShort-Term Lease2BR,1BA$1.19
Chestnut LakeAlmond1BR,1BA$1.71

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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Pet Friendly Lifestyle
King, Ann Arbor, MI

Ranked #35

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
King, Ann Arbor, MI

School data provided by Great Schools

Frequently Asked Questions about Cheap King Apartments

What is the Cheapest Studio apartment in King?

Currently the most affordable Cheap Studio Apartment in King is at Island Drive listed at $1,199.

How much is rent for a Cheap One Bedroom King Apartment?

The lowest price for a Cheap One Bedroom King Apartment is $950 at 912 Sybil St.

What is the lowest price for a Cheap Two Bedroom King Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in King is starting from $1,340 at Chestnut Lake.

What is the most affordable King Three Bedroom Apartment?

The best deal on a cheap King Three Bedroom Apartment rental is at Huron Vista and starts from $1,679.

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

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.