Cheap Apartments for Rent in the North Central Ann Arbor Neighborhood of Ann Arbor, MI from $500 (128 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.

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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
  • Verified
  • Customer Reviewed
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Island Drive
Rent Specials
$1,199 - $2,370
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $2,370
Total Monthly Price
$1,199 - $2,370
Studio to 3 Bedroom Apartments Available Now

Island Drive

1099 Maiden LnAnn Arbor, MI 48105
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 1552 Jones Dr

$1,150 - $1,200

1 Bedroom Rentals

Available Aug 11

1552 Jones Dr

Ann ArborMI48105
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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
Student Housing
  • Verified

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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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

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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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

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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Traver Crossing
$1,559 - $2,129
Total Monthly Price

Total Monthly Price

Base Rent
$1,559 - $2,129
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Jun 12

Traver Crossing

1984 Traver RdAnn Arbor, MI 48105
Student Housing
  • Verified
  • Customer Reviewed
  • 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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Bradford House
$1,745 - $2,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,745 - $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
property at 555 E William St

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

Studio, 1 Bath Condo for Rent

Available Jun 1

555 E William St, Unit 12E

555 E William St
Ann ArborMI48104
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618 South Main Apartments
Rent Specials
$1,815 - $4,117
Total Monthly Price

Total Monthly Price

Base Rent
$1,815 - $4,117
Total Monthly Price
$1,815 - $4,117
Studio to 2 Bedroom Apartments Available Now

618 South Main Apartments

618 S Main StAnn Arbor, MI 48104
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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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 Studio unit found at Leaird Drive Studios - All Utilities Included priced from $1,300. Landmark has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,315. Here are the most affordable North Central Ann Arbor apartments for rent in Ann Arbor, MI:

Apartment ListingModel NameBed/BathPriced From
Leaird Drive Studios - All Utilities IncludedStudioStudio,1BA$1,300
Landmark4X2C4BR,2BA$1,315
Forest Plaza Apartments1 bedroom1BR,1BA$1,340
Island DriveOne Bedroom Phase 31BR,1BA$1,350
420 Hill StS 1 Bedroom1BR,1BA$1,375
The Algonquin2 Bedroom Flat2BR,1BA$1,408
503 Church St1 bed1BR,1BA$1,500
Varsity Management 418 E. Washington1BR/1.0BA1BR,1BA$1,560
1100 Hill St2 Bed/2BR,1BA$1,590

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

As of May 30, 2026 the best value apartment in the North Central Ann Arbor area is the $1.32 price per square foot House Model at 807 S Main St in the in the North Central Ann Arbor neighborhood starting from $2,900. The second greatest value North Central Ann Arbor apartment is the 1 Bedroom - Shared House 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 North Central Ann Arbor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
807 S Main StHouse3BR,1BA$1.32
518 Monroe St1 Bedroom - Shared House1BR,1BA$0.59
720 S Main StHouse4BR,1BA$1.97
533 Elizabeth St, Unit 533 Elizabeth533 Elizabeth St5BR,1BA$0.50
Sun Terrace Apartments3 bed3BR,1BA$1.75
Six114BR/4BA - C4BR,4BA$1.36
Saga Ann ArborC13BR,2BA$1.59
Z Place ApartmentsB1 Alt2 - 2x12BR,1BA$1.21
The Algonquin2 Bedroom Flat2BR,1BA$1.72
Forest Plaza Apartments1 bedroom1BR,1BA$1.87

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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North Central Ann Arbor, Ann Arbor, MI

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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 $1,590.

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

The cheapest apartment in North Central Ann Arbor is Forest Plaza Apartments which is listed at $1,340, while the average apartment in North Central Ann Arbor costs $2,175.

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 159 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 $1,579 which is $596 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

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.