Cheap Apartments for Rent in the North Central Ann Arbor Neighborhood of Ann Arbor, MI from $500 (112 Rentals)

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

property at 530 Miller Ave

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

6 Bedroom, 2.5 Bath Home for Rent

Available Aug 1

530 Miller Ave

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.

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Bradford House
$1,290 - $2,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,290 - $2,065
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Aug 28

Bradford House

1010 Catherine StAnn Arbor, MI 48104
Student Housing
  • Verified
  • Utilities Included
  • Smoke Free

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 703 S Forest Ave

$1,390 - $2,165

1 To 2 Bedroom Rentals

Available Aug 1

703 S Forest Ave

Ann ArborMI48104
property at 428 S Division St

$1,450 - $1,800

1 To 2 Bedroom Rentals

Available Aug 7

428 S Division St

Ann ArborMI48104
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323 Packard St
Rent Specials
$1,500 - $1,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $1,800
Total Monthly Price
$1,500 - $1,800
Studio to 1 Bedroom Apartments Available Now

323 Packard St

323 Packard StAnn Arbor, MI 48104
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour

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 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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property at 212 S 4th Ave

$1,920 - $3,000

Studio To 2 Bedroom Rentals

Available Now

212 S 4th Ave

Ann ArborMI48104

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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North Central Ann Arbor, Ann Arbor, MI Local Guide

Cheapest Available North Central Ann Arbor Apartments for Rent

 

The cheapest available apartment rental in the North Central Ann Arbor area of Ann Arbor, MI is a 2 Beds unit found at Z Place Apartments priced from $999. Z West Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,195. Here are the most affordable North Central Ann Arbor apartments for rent in Ann Arbor, MI:

Apartment ListingModel NameBed/BathPriced From
Z Place ApartmentsB1 Alt1 - 2x12BR,1BA$999
Z West ApartmentsB2 Alt22BR,2BA$1,195
807 W Madison St1 Bedroom1BR,1BA$1,200
Island DriveEfficiency Phase 2Studio,1BA$1,275
Landmark4X2C4BR,2BA$1,315
420 Hill StS 1 Bedroom1BR,1BA$1,375
Traver CrossingThe Au Gres1BR,1BA$1,399
Medical Center CourtThe HuronStudio,1BA$1,399
Forest Plaza Apartments1 bedroom1BR,1BA$1,415
307 Thompson - Furnished Studios0B1BStudio,1BA$1,449

Best Value Apartments for Rent in North Central Ann Arbor, MI

As of April 15, 2026 the best value apartment in the North Central 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 North Central Ann Arbor apartment is the House Model at 807 S Main St starting at $2,900 with a $1.32 price per square foot in the North Central Ann Arbor neighborhood. Here is today’s list of the best values for North Central 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 StHouse3BR,1BA$1.32
720 S Main StHouse4BR,1BA$1.97
Six114BR/4BA - E4BR,4BA$1.43
Z Place ApartmentsB1 Alt2 - 2x12BR,1BA$1.21
Traver CrossingThe Au Gres1BR,1BA$1.75
Forest Plaza Apartments1 bedroom1BR,1BA$1.81
Landmark2X12BR,1BA$2.05
807 W Madison St1 Bedroom1BR,1BA$1.60
323 Packard St1 Bedroom1BR,1BA$2.21

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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 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
North Central Ann Arbor, Ann Arbor, MI

School data provided by Great Schools

Frequently Asked Questions about Cheap North Central Ann Arbor Apartments

What is a cheap apartment in North Central Ann Arbor?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Central Ann Arbor is under $1,449.

What is the price of a cheap apartment in North Central Ann Arbor?

The cheapest apartment in North Central Ann Arbor is 807 W Madison St which is listed at $1,200, while the average apartment in North Central Ann Arbor costs $2,345.

What types of apartments are the cheapest in North Central Ann Arbor?

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 245 regular apartments in North Central Ann Arbor 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 North Central Ann Arbor?

Cheap apartments in North Central Ann Arbor have an average cost of $1,486 which is $859 cheaper than the average rent for all rentals in North Central Ann Arbor.

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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.