Cheap Apartments for Rent in the King Neighborhood of Ann Arbor, MI from $500 (160 Rentals)

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

property at 1241 Island Dr

$699

Total Monthly Price

Total Monthly Price

Base Rent
$699

Total Monthly Price
$699

1 Bedroom, 1 Bath Condo for Rent

Available Now

1241 Island Dr, Unit 2

1241 Island Dr
Ann ArborMI48105

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.

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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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Forest Plaza Apartments
Rent Specials
$1,195 - $1,545
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,545

Total Monthly Price
$1,195 - $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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  • Customer Reviewed
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812 Mary St
Rent Specials
$1,200 - $1,300
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,300

Total Monthly Price
$1,200 - $1,300
1 Bedroom Apartments Available Now

812 Mary St

812 Mary StAnn Arbor, MI 48104
Student Housing
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property at 1556 Jones Dr

$1,200 - $1,500

1 Bedroom Rentals

Available Aug 11

1556 Jones Dr

Ann ArborMI48105
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Island Drive
Rent Specials
$1,224 - $2,370
Total Monthly Price

Total Monthly Price

Base Rent
$1,224 - $2,370

Total Monthly Price
$1,224 - $2,370
Studio to 3 Bedroom Apartments Available Now

Island Drive

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

535 Packard St, Unit 3 and 4

535 Packard StAnn Arbor, MI 48104
Affordability
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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.

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GreenBrier
$1,309 - $1,589
Total Monthly Price

Total Monthly Price

Base Rent
$1,309 - $1,589

Total Monthly Price
$1,309 - $1,589
Studio to 2 Bedroom Apartments Available Now

GreenBrier

3615 Green Brier BlvdAnn Arbor, MI 48105
Corporate Housing
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Traver Courts
Rent Specials
$1,329 - $2,139
Total Monthly Price

Total Monthly Price

Base Rent
$1,329 - $2,139

Total Monthly Price
$1,329 - $2,139
1 to 2 Bedroom Apartments Available Now

Traver Courts

1505 Natalie LnAnn Arbor, MI 48105
Student Housing
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  • Customer Reviewed
  • 3D Tour
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Traver Ridge
Rent Specials
$1,349 - $2,319
Total Monthly Price

Total Monthly Price

Base Rent
$1,349 - $2,319

Total Monthly Price
$1,349 - $2,319
1 to 3 Bedroom Apartments Available Now

Traver Ridge

2395 Leslie CirAnn Arbor, MI 48105
Student Housing
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property at 805 E Huron St

$1,350

Studio To 1 Bedroom Rentals

Available Aug 7

805 E Huron St

Ann ArborMI48104
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Michigan Terrace
Rent Specials
$1,395 - $1,995
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $1,995

Total Monthly Price
$1,395 - $1,995
2 to 3 Bedroom Apartments Available Aug 28

Michigan Terrace

1025 Packard StAnn Arbor, MI 48104
Student Housing
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Traver Crossing
$1,399 - $2,089
Total Monthly Price

Total Monthly Price

Base Rent
$1,399 - $2,089

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Traver Crossing

1984 Traver RdAnn Arbor, MI 48105
Student Housing
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  • 3D Tour

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.

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The Haven of Ann Arbor
Rent Specials
$1,415 - $2,327
Total Monthly Price

Total Monthly Price

Base Rent
$1,415 - $2,327

Total Monthly Price
$1,415 - $2,327
Studio to 2 Bedroom Apartments Available Now

The Haven of Ann Arbor

459 Village Green BlvdAnn Arbor, MI 48105
Furnished
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832 Packard St
Rent Specials
$1,500 - $2,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $2,250

Total Monthly Price
$1,500 - $2,250
1 to 2 Bedroom Apartments Available Aug 20

832 Packard St

832 Packard StAnn Arbor, MI 48104
Student Housing
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  • Utilities Included
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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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1411 Golden Ave, Unit 3
$1,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600
2 Bedroom Apartment Available Aug 10

1411 Golden Ave, Unit 3

1411 Golden AveAnn Arbor, MI 48104
Affordability
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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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Parc Pointe Apartments
$1,630 - $2,215
Total Monthly Price

Total Monthly Price

Base Rent
$1,630 - $2,215

Total Monthly Price
$1,630 - $2,215
1 to 2 Bedroom Apartments Available Sep 1

Parc Pointe Apartments

1901 Pointe LnAnn Arbor, MI 48105
Affordability
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Bradford House
$1,650 - $2,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $2,065

Total Monthly Price
Varies
2 Bedroom Apartments Available Aug 28

Bradford House

1010 Catherine StAnn Arbor, MI 48104
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour

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.

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 1803 Hill St priced from $825. Forest Plaza Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,195. Here are the most affordable King apartments for rent in Ann Arbor, MI:

Apartment ListingModel NameBed/BathPriced From
1803 Hill St1803 Hill St.1BR,3BA$825
Forest Plaza ApartmentsStudioStudio,1BA$1,195
Arbor Village ApartmentsThe Washtenaw1BR,1BA$1,195
812 Mary St1 Bedroom1BR,1BA$1,200
Island DriveEfficiency Phase 2Studio,1BA$1,224
Haverhill on Clark1BD-C1BR,1BA$1,310
Traver CourtsKipling1BR,1BA$1,329
Huron VistaOne Bedroom1BR,1BA$1,335

Best Value Apartments for Rent in King, MI

As of July 23, 2026 the best value apartment in the King 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 King apartment is the House ($1200/person - 6 person total) Model at 518 Monroe St starting at $1,200 with a $0.59 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.
1803 Hill St1803 Hill St.1BR,3.5BA$0.30
518 Monroe StHouse ($1200/person - 6 person total)6BR,3BA$0.59
533 Elizabeth St, Unit 533 Elizabeth533 Elizabeth St5BR,1BA$0.50
Vic Village North4B - Deluxe4BR,4BA$1.47
Traver CrossingThe Au Sable2BR,1BA$1.45
Traver RidgeThe George2BR,2BA$1.50
Haven on GeddesSingle Level 'Ranch' Style Apartment Home - Deluxe3BR,1.5BA$1.51
Saga Ann ArborC13BR,2BA$1.51
Z Place ApartmentsB1 Alt1 - 2x12BR,1BA$0.98
Traver CourtsKipling1BR,1BA$1.66

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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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
King, Ann Arbor, MI

Ranked #53

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap King Apartments

What is a cheap apartment in King?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in King is under $1,335.

What is the price of a cheap apartment in King?

The cheapest apartment in King is 1803 Hill St which is listed at $825, while the average apartment in King costs $4,561.

What types of apartments are the cheapest in King?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 137 regular apartments in King that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in King?

Cheap apartments in King have an average cost of $1,340 which is $3,221 cheaper than the average rent for all rentals in King.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.