Cheap Apartments for Rent in the North Central Ann Arbor Neighborhood of Ann Arbor, MI from $509 (121 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 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
property at 806 Hill St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

1 Bedroom, 3 Bath Home for Rent

Available Now

806 Hill St

Ann ArborMI48104
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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
  • Verified
  • Customer Reviewed

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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323 Packard 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

323 Packard St

323 Packard StAnn Arbor, MI 48104
Student Housing
  • Verified
  • Utilities Included
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property at 407 N Ashley St

$1,200 - $2,400

Studio To 2 Bedroom Rentals

Available Now

407 N Ashley St

Ann ArborMI48103
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Island Drive
Rent Specials
$1,224 - $1,899
Total Monthly Price

Total Monthly Price

Base Rent
$1,224 - $1,899
Total Monthly Price
$1,224 - $1,899
Studio to 3 Bedroom Apartments Available Now

Island Drive

1099 Maiden LnAnn Arbor, MI 48105
Student Housing
  • Verified
  • 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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Traver Crossing
$1,299 - $2,129
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $2,129
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Traver Crossing

1984 Traver RdAnn Arbor, MI 48105
Cost Per Sq.Ft.
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  • Customer Reviewed
  • 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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property at 555 E William St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

Studio, 1 Bath Condo for Rent

Available Sep 1

555 E William St, Unit 17th floor

555 E William St
Ann ArborMI48104

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
$1,650 - $2,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $2,065
Total Monthly Price
Varies
2 Bedroom Apartments Available Now

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.

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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 West Apartments priced from $846. Varsity Management has the second lowest priced unit, which is a 2 Beds apartment currently listed from $960. Here are the most affordable North Central Ann Arbor apartments for rent in Ann Arbor, MI:

Apartment ListingModel NameBed/BathPriced From
Z West ApartmentsB3 Alt12BR,2BA$846
Varsity Management2BR/1.0BA2BR,1BA$960
University PlazaStudioStudio,1BA$1,050
807 W Madison St1 Bedroom1BR,1BA$1,200
323 Packard St1 Bedroom1BR,1BA$1,200
502 N State St1BR/1.0BA1BR,1BA$1,200
528 S 5th Ave1 Bedroom2BR,1BA$1,200
Island DriveEfficiency Phase 2Studio,1BA$1,224

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

As of August 29, 2026 the best value apartment in the North Central Ann Arbor area is the $0.57 price per square foot City Townhome Model at City Place Ann Arbor in the in the Chapel Hill neighborhood starting from $1,285. 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$0.57
807 S Main StHouse3BR,1BA$1.32
518 Monroe StPer Bedroom - Shared House1BR,1BA$0.49
533 Elizabeth St, Unit 533 Elizabeth533 Elizabeth St5BR,1BA$0.50
Z Place ApartmentsD1 - 4x24BR,2BA$0.99
Traver CrossingThe Erie2BR,1BA$1.32
Six114BR/4BA - C4BR,4BA$1.29
Truth House - All InclusiveDouble Room - Per Bed - Furnished1BR,1BA$0.87
Fuller Apartments2 Bedroom - Layout 3A2BR,1BA$0.95
Saga Ann ArborC13BR,2BA$1.28

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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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 $1,224.

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 $1,826.

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 222 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 $1,188 which is $638 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 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 Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.