
Cheap Apartments for Rent in the North Central Ann Arbor Neighborhood of Ann Arbor, MI from $500 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Central Ann Arbor area of Ann Arbor.


533 Elizabeth St, Unit 533 Elizabeth

316 Thompson St

1100 Hill St

The Forum Apartments

323 Packard St

1328 Geddes Ave

1550 Jones Dr

1548 Jones Dr

408 E Jefferson 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.

807 W Madison St

Forest Plaza Apartments

Atrio Apartment Homes

811 S 5th Ave

317 E Ann St

601 E William St

1028 Fuller Rd

Island Drive

809 E Kingsley St

1340 N University Ct
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.

120 N Division St

307 Thompson - Furnished Studios

Carriage House Apartments

322 S Division St

Lurie Terrace Senior Apartments

Arbor Valley

331 Packard

Summer Sublet 1 in 3 BRs UM Central Campus

324 E Jefferson St

1028 Fuller St
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.

805 Spring St

1223 Hill St

Varsity Management

414 Division

536 S 4th Ave

720 S State St

508 S Division St

801 W Madison

344 S Division

Courthouse Square - A 55+ Community
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.

543 Church St

515 Lawrence St

Sun Terrace Apartments

212 E Washington Apartments

Ashley Manor

519 Lawrence St

Brookside Apartments

326 E Madison St

Traver Crossing

Medical Center Court
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 | $1,928 | $1,030 | $3,383 |
| North Central Ann Arbor 1 Bedroom Apartments | $2,179 | $1,100 | $4,043 |
| North Central Ann Arbor 2 Bedroom Apartments | $2,634 | $1,220 | $5,020 |
| North Central Ann Arbor 3 Bedroom Apartments | $2,217 | $1,255 | $4,575 |
| North Central Ann Arbor 4 Bedroom Apartments | $2,171 | $690 | $6,000 |
| North Central Ann Arbor 5 Bedroom Apartments | $2,543 | $1,299 | $7,100 |
| North Central Ann Arbor 6 Bedroom Apartments | $4,828 | $889 | $8,690 |
Browse Apartments in this Neighborhood
There are currently 57 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 2 Beds unit found at Varsity Management priced from $1,000. 1100 Hill St has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,090. Here are the most affordable North Central Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Varsity Management | 2BR/1.0BA | 2BR,1BA | $1,000 |
| 1100 Hill St | 2 Bed/1 Bath AVAILABLE NOW Short Term | 2BR,1BA | $1,090 |
| 807 W Madison St | 1 Bedroom | 1BR,1BA | $1,200 |
| Medical Center Court | The Huron | Studio,1BA | $1,299 |
| Landmark | 4X2C | 4BR,2BA | $1,315 |
| Traver Crossing | The Boardman | 2BR,1BA | $1,349 |
| Island Drive | Efficiency Phase 2 | Studio,1BA | $1,395 |
| 809 E Kingsley St | Small Unit | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in North Central Ann Arbor, MI
As of January 12, 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 $2,750 with a $1.25 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| City Place Ann Arbor | City Townhome | 6BR,5BA | $0.56 |
| 807 S Main St | House | 3BR,1BA | $1.25 |
| 533 Elizabeth St, Unit 533 Elizabeth | 533 Elizabeth St | 6BR,2BA | $0.43 |
| 510 Mack Rd | 510 Mack | 5BR,2BA | $0.71 |
| 1318 Wilmot St | 1318 Wilmot | 6BR,3BA | $0.65 |
| 1105 Freesia Ct, Unit 690 | 1105 Freesia Ct | 4BR,2BA | $0.38 |
| 507 Mack Rd | 507 Mack | 4BR,2BA | $0.78 |
| 1329 S University Ave | 1329.5 S. University | 5BR,2.5BA | $0.89 |
| Varsity Management | 2BR/1.0BA | 2BR,1BA | $1.30 |
| 807 W Madison St | 1 Bedroom | 1BR,1BA | $1.60 |
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 ArticleThe 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.
Read ArticleCash 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.
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 $1,400.
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 $11,200.
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 149 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 $1,449 which is $9,751 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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!