
Cheap Homes for Rent in North Central Ann Arbor Neighborhood of Ann Arbor, MI from $700 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the North Central Ann Arbor area of Ann Arbor.


533 Elizabeth St, Unit 2

544 N State St

311 Thompson St

555 E William St, Unit 13c, Unit 13c
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.

1257 Island Dr

555 E William St

1213 Island Dr

555 E William St

1249 Island Dr, Unit 104, Unit 104
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, Unit 14B, Unit 14B

1209 Island Dr

555 E William St, Unit 22E, Unit 22E

707 Newport Pl, Unit 707

1253 Island Dr
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.
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 | $2,945 | $1,800 | $9,500 |
| North Central Ann Arbor 3 Bedroom Homes for Rent | $3,791 | $2,400 | $5,375 |
| North Central Ann Arbor 4 Bedroom Homes for Rent | $3,133 | $2,400 | $3,800 |
| North Central Ann Arbor 5 Bedroom Homes for Rent | $4,058 | $3,800 | $4,375 |
| North Central Ann Arbor 6 Bedroom Homes for Rent | $5,267 | $700 | $7,585 |
| North Central Ann Arbor 7 Bedroom Homes for Rent | $7,585 | $7,585 | $7,585 |
Browse Homes for Rent in this Neighborhood
There are currently 15 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 Z Place Apartments priced from $999. Z West Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,195. Here are the most affordable North Central Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Z Place Apartments | B1 Alt1 - 2x1 | 2BR,1BA | $999 |
| Z West Apartments | B2 Alt2 | 2BR,2BA | $1,195 |
| 807 W Madison St | 1 Bedroom | 1BR,1BA | $1,200 |
| Island Drive | Efficiency Phase 2 | Studio,1BA | $1,275 |
| Landmark | 4X2C | 4BR,2BA | $1,315 |
Best Value Apartments for Rent in North Central Ann Arbor, MI
As of April 13, 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 $2,900 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 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 | $1.32 |
| 720 S Main St | House | 4BR,1BA | $1.97 |
| Six11 | 4BR/4BA - E | 4BR,4BA | $1.43 |
| Z Place Apartments | B1 Alt2 - 2x1 | 2BR,1BA | $1.21 |
| Traver Crossing | The Au Gres | 1BR,1BA | $1.75 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1.81 |
| Landmark | 2X1 | 2BR,1BA | $2.05 |
| 807 W Madison St | 1 Bedroom | 1BR,1BA | $1.60 |
| 323 Packard St | 1 Bedroom | 1BR,1BA | $2.21 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 North Central Ann Arbor
What type of rentals are currently available in North Central Ann Arbor?
There are currently 457 Apartments for Rent in North Central Ann Arbor, MI with pricing that ranges from $544 to $7,680. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Central Ann Arbor ranging from $700 to $10,500.
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 $700 to $10,500 with an average monthly rent of $4,601.
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 $544 to $4,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $5,375. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $850.
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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.