
Cheap Apartments for Rent in the North Central Ann Arbor Neighborhood of Ann Arbor, MI from $500 (90 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Central Ann Arbor area of Ann Arbor.


533 Elizabeth St

840 W Huron St, Unit 1

533 Elizabeth St

Varsity Management - 1015 W. Huron

1544 Jones Dr

Total Monthly Price
Forest Plaza Apartments

Total Monthly Price
323 Packard St

807 W Madison St

1556 Jones Dr
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.

Total Monthly Price
Island Drive

1633 Leaird Dr

Evergreen Apartments

332 E William St

1556a Jones Dr

805 E Huron St

University Plaza

420 Hill St

The Viscount

1018 Gott St
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.

The Algonquin

802 S Main St

Total Monthly Price
Traver Crossing

307 Thompson - Furnished Studios

Total Monthly Price
415 Lawrence St - 10 Minute Walk to Campus

414 Division

503 Church St

125 Hill Street Apartments

1303 Wilmot St, Unit 21

607 Hill St
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.

109 N Thayer St

Atrio Apartment Homes

Varsity Management – 723 W Madison

555 E William St, Unit 12E

Kingsley Apartments

515 Lawrence St

Lurie Terrace Senior Apartments

Park Plaza

Arbor Valley

331 Packard
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.

Summer Sublet 1 in 3 BRs UM Central Campus

544 N State St

1028 Fuller St

805 Spring St

316 Thompson St

324 E Jefferson St

720 S State St

508 S Division St

801 W Madison

344 S Division
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.
North Central Ann Arbor, Ann Arbor, MI Local Guide

How much does it cost to rent an apartment in North Central Ann Arbor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Central Ann Arbor Studio Apartments | $1,846 | $1,195 | $2,972 |
| North Central Ann Arbor 1 Bedroom Apartments | $1,979 | $1,150 | $6,460 |
| North Central Ann Arbor 2 Bedroom Apartments | $2,288 | $846 | $4,175 |
| North Central Ann Arbor 3 Bedroom Apartments | $2,148 | $955 | $4,575 |
| North Central Ann Arbor 4 Bedroom Apartments | $1,653 | $955 | $5,600 |
| North Central Ann Arbor 5 Bedroom Apartments | $1,779 | $1,285 | $5,000 |
| North Central Ann Arbor 6 Bedroom Apartments | $4,097 | $1,375 | $7,200 |
Browse Apartments in this Neighborhood
There are currently 90 rentals with your search options within a 1 mile radius of the North Central Ann Arbor Neighborhood of Ann Arbor, MI.
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North Central Ann Arbor, Ann Arbor, MI Local Guide
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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 Forest Plaza Apartments priced from $1,195. 807 W Madison St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable North Central Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Forest Plaza Apartments | Studio | Studio,1BA | $1,195 |
| 807 W Madison St | 1 Bedroom | 1BR,1BA | $1,200 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $1,200 |
| Island Drive | Efficiency Phase 2 | Studio,1BA | $1,224 |
| 420 Hill St | S 1 Bedroom | 1BR,1BA | $1,375 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1,408 |
| Traver Crossing | The Au Sable | 2BR,1BA | $1,429 |
| 503 Church St | 1 bed | 1BR,1BA | $1,500 |
| 618 South Main Apartments | Studio 1 Bath 447 sq. ft. | Studio,1BA | $1,800 |
| 1321 Wilmot St | 2 Bed 1 Bath | 2BR,1BA | $1,800 |
Best Value Apartments for Rent in North Central Ann Arbor, MI
As of July 15, 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 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 North Central Ann Arbor apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 807 S Main St | House | 3BR,1BA | $1.32 |
| 518 Monroe St | House ($1200/person - 6 person total) | 6BR,3BA | $0.59 |
| 720 S Main St | House | 4BR,1BA | $1.97 |
| Vic Village North | 4B - Deluxe | 4BR,4BA | $1.47 |
| Traver Crossing | The Au Sable | 2BR,1BA | $1.55 |
| Saga Ann Arbor | C1 | 3BR,2BA | $1.51 |
| Z Place Apartments | B1 Alt2 - 2x1 | 2BR,1BA | $1.21 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1.72 |
| 807 W Madison St | 1 Bedroom | 1BR,1BA | $1.60 |
| 323 Packard St | 1 Bedroom | 1BR,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.
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.
Read ArticleQuick 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.
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 $1,800.
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 $3,907.
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 117 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 $1,456 which is $2,451 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

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.

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.

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.

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.