1241 Island Dr, Unit 2
1241 Island Dr
Ann ArborMI48105
Cheap Homes for Rent in the North Central Ann Arbor Neighborhood of Ann Arbor, MI from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the North Central Ann Arbor area of Ann Arbor.
533 Elizabeth St
Ann ArborMI48104
840 W Huron St, Unit 1
840 W Huron St
Ann ArborMI48103
533 Elizabeth St
Ann ArborMI48104
544 N State 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.
123 Adams St
Ann ArborMI48104
1633 Leaird Dr
Ann ArborMI48105
610 S Ashley St
Ann ArborMI48103
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$1,6001 Bedroom Apartments Available Aug 24
1303 Wilmot St, Unit 21
1303 Wilmot StAnn Arbor, MI 48104
555 E William St, Unit 12E
555 E William 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.
555 E William St
Ann ArborMI48104
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North Central Ann Arbor, Ann Arbor, MI Local Guide
How much does it cost to rent a home in North Central Ann Arbor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Central Ann Arbor 2 Bedroom Homes for Rent | $2,349 | $1,800 | $3,850 |
| North Central Ann Arbor 3 Bedroom Homes for Rent | $4,007 | $2,700 | $8,500 |
| North Central Ann Arbor 4 Bedroom Homes for Rent | $3,330 | $2,700 | $4,000 |
| North Central Ann Arbor 5 Bedroom Homes for Rent | $3,091 | $982 | $5,200 |
| North Central Ann Arbor 6 Bedroom Homes for Rent | $4,439 | $889 | $7,200 |
| North Central Ann Arbor 7 Bedroom Homes for Rent | $3,925 | $750 | $7,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 11 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 |
Best Value Apartments for Rent in North Central Ann Arbor, MI
As of July 12, 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 | $1.43 |
| Saga Ann Arbor | C1 | 3BR,2BA | $1.38 |
| 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 Article
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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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
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Frequently Asked Questions about North Central Ann Arbor
What type of rentals are currently available in North Central Ann Arbor?
There are currently 463 Apartments for Rent in North Central Ann Arbor, MI with pricing that ranges from $846 to $7,200. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Central Ann Arbor ranging from $699 to $8,500.
What is the current price range for Rental Homes in North Central Ann Arbor?
Today's rental pricing for Homes for Rent, Condos and Townhomes in North Central Ann Arbor ranges from $699 to $8,500 with an average monthly rent of $3,081.
How much are larger Three and Four Bedroom Rentals in North Central Ann Arbor?
For those who are looking for larger living arrangements, Three Bedroom Apartments in North Central Ann Arbor range from $955 to $4,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $8,500. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $955.
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.