1241 Island Dr, Unit 2
1241 Island Dr
Ann ArborMI48105
Cheap Apartments for Rent in the Old Fourth Ward Neighborhood of Ann Arbor, MI from $700 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Fourth Ward area of Ann Arbor.
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$7505 Bedroom Apartment Available Now
533 Elizabeth St, Unit 533 Elizabeth
533 Elizabeth StAnn Arbor, MI 48104
533 Elizabeth St
Ann ArborMI48104
533 Elizabeth St
Ann ArborMI48104
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Rent Specials
$1,224 - $2,370
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,224 - $2,370
Total Monthly Price
$1,224 - $2,370
Island Drive
1099 Maiden LnAnn Arbor, MI 48105
805 E Huron St
Ann ArborMI48104
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$1,408 - $3,5002 to 3 Bedroom Apartments Available Now
The Algonquin
1330 N University AveAnn Arbor, MI 48104
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Rent Specials
$1,449 - $1,550Studio Apartments Available Aug 24
307 Thompson - Furnished Studios
307 Thompson StAnn Arbor, MI 48104
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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$1,495 - $2,000Studio to 2 Bedroom Apartment Available Aug 1
522 N Division St
522 N Division StAnn Arbor, MI 48104
109 N Thayer St
Ann ArborMI48104
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$1,650 - $2,065
Total Monthly Price
2 Bedroom Apartments Available Aug 28Total Monthly Price
Base Rent
$1,650 - $2,065
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Bradford House
1010 Catherine StAnn Arbor, MI 48104
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$1,700 - $5,0001 to 5 Bedroom Apartments Available Aug 5
Kingsley Apartments
721-723 E Kingsley StAnn Arbor, MI 48104
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$1,700
Total Monthly Price
1 Bedroom Apartment Available Aug 26Total Monthly Price
Base Rent
$1,700
Total Monthly Price
$1,700
501 N 5th Ave, Unit 1
501 N 5th AveAnn Arbor, MI 48104
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Rent Specials
$1,800 - $2,1001 Bedroom Apartments Available Aug 1
208 N Division St
208 N Division StAnn Arbor, MI 48104
118 E Kingsley St
Ann ArborMI48104
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Studio to 2 Bedroom Apartments
515 Lawrence St
515 Lawrence StAnn Arbor, MI 48104
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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1 to 2 Bedroom Apartments
1028 Fuller St
1028 Fuller StAnn Arbor, MI 48104
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Studio to 1 Bedroom Apartments
805 Spring St
805 Spring StAnn Arbor, MI 48103
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Studio to 2 Bedroom Apartments
316 Thompson St
316 Thompson StAnn Arbor, MI 48104
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Studio Apartments
344 S Division
344 S Division StAnn Arbor, MI 48104
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1 to 2 Bedroom Apartments
Courthouse Square - A 55+ Community
100 S 4th AveAnn Arbor, MI 48104
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1 Bedroom Apartments
Ashley Manor
512 N Ashley StAnn Arbor, MI 48103
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Studio to 1 Bedroom Apartments
212 E Washington Apartments
212 E Washington StAnn Arbor, MI 48104
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1 Bedroom Apartments
519 Lawrence St
519 Lawrence StAnn Arbor, MI 48104
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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1 to 2 Bedroom Apartments
Fuller Apartments
800-802 Fuller StAnn Arbor, MI 48104
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2 Bedroom Apartments
727 E Kingsley St
727 E Kingsley StAnn Arbor, MI 48104
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1 Bedroom Apartments
520 N Ashley St
520 N Ashley StAnn Arbor, MI 48103
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Studio to 2 Bedroom Apartments
Medical Center Court
1005 Maiden LnAnn Arbor, MI 48105
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1 Bedroom Apartments
809 E Kingsley St
809 E Kingsley StAnn Arbor, MI 48104
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2 Bedroom Apartments
908 Spring St
908 Spring StAnn Arbor, MI 48103
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1 Bedroom Apartments
415 Lawrence St - 10 Minute Walk to Campus
415 Lawrence StAnn Arbor, MI 48104
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1 to 2 Bedroom Apartments
209 N Ingalls St
209 N Ingalls StAnn Arbor, MI 48104
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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1 Bedroom Apartments
324 S Ashley St
324 S Ashley StAnn Arbor, MI 48104
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Studio to 1 Bedroom Apartments
220 N 1st St
220 N 1st StAnn Arbor, MI 48104
555 E William St
Ann ArborMI48104
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2 Bedroom Apartments
424 N State St
424 N State StAnn Arbor, MI 48104
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1 Bedroom Apartments
603 E Ann St
603 E Ann StAnn Arbor, MI 48104
249 Brookridge Ct
Ann ArborMI48103
253 Brookridge Ct
Ann ArborMI48103
1217 Island Dr
Ann ArborMI48105
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.
Showing Results 1-40, Page 1 of 1
Old Fourth Ward, Ann Arbor, MI Local Guide
How much does it cost to rent an apartment in Old Fourth Ward?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Fourth Ward Studio Apartments | $1,766 | $1,224 | $2,575 |
| Old Fourth Ward 1 Bedroom Apartments | $2,093 | $1,350 | $2,650 |
| Old Fourth Ward 2 Bedroom Apartments | $2,491 | $999 | $3,650 |
| Old Fourth Ward 3 Bedroom Apartments | $2,061 | $949 | $3,550 |
| Old Fourth Ward 4 Bedroom Apartments | $1,487 | $949 | $4,300 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Old Fourth Ward Neighborhood of Ann Arbor, MI.
See all Apartments in Ann ArborExplore Ann Arbor
Old Fourth Ward, Ann Arbor, MI Local Guide
- Nearby Ann Arbor neighborhoods
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Cheapest Available Old Fourth Ward Apartments for Rent
The cheapest available apartment rental in the Old Fourth Ward area of Ann Arbor, MI is a Studio unit found at Island Drive priced from $1,224. The Algonquin has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,408. Here are the most affordable Old Fourth Ward apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Island Drive | Efficiency Phase 2 | Studio,1BA | $1,224 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1,408 |
| 603 E Ann St | 1 Beds, 1 Baths | 1BR,1BA | $1,800 |
| Exhibit A2 Furnished Luxury Apartments | Studio | Studio,1BA | $1,958 |
| Varsity Management 418 E. Washington | 1BR/1.0BA | 1BR,1BA | $2,060 |
| Beekman on Broadway | A | Studio,1BA | $2,100 |
| 815 E Huron St | 1 Bedroom | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Old Fourth Ward, MI
As of July 21, 2026 the best value apartment in the Old Fourth Ward area is the $1.51 price per square foot C1 Model at Saga Ann Arbor in the in the Chapel Hill neighborhood starting from $1,390. The second greatest value Old Fourth Ward apartment is the Two Bedroom Model at Bradford House starting at $1,650 with a $1.94 price per square foot in the Northeast Ann Arbor neighborhood. Here is today’s list of the best values for Old Fourth Ward apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Saga Ann Arbor | C1 | 3BR,2BA | $1.51 |
| Bradford House | Two Bedroom | 2BR,1BA | $1.94 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1.72 |
| 815 E Huron St | 1 Bedroom | 1BR,1BA | $2.63 |
| 723 Lawrence St - Kerrytown/Walk to UM Campus | 1 Bed, 2 baths | 1BR,2BA | $2.92 |
| Exhibit A2 Furnished Luxury Apartments | Studio | Studio ,1BA | $3.29 |
| Varsity Management 418 E. Washington | 1BR/1.0BA | 1BR,1BA | $4.12 |
| Beekman on Broadway | A | Studio ,1BA | $4.83 |
| Island Drive | Efficiency Phase 2 | Studio ,1BA | $3.41 |
| Foundry Lofts | D2-4x4 | 4BR,4BA | $4.54 |
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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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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Pet Friendly LifestyleOld Fourth Ward, Ann Arbor, MI
Ranked #48
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Old Fourth Ward Apartments
What is a cheap apartment in Old Fourth Ward?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old Fourth Ward is under $2,100.
What is the price of a cheap apartment in Old Fourth Ward?
The cheapest apartment in Old Fourth Ward is Island Drive which is listed at $1,350, while the average apartment in Old Fourth Ward costs $5,000.
What types of apartments are the cheapest in Old Fourth Ward?
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 69 regular apartments in Old Fourth Ward 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 Old Fourth Ward?
Cheap apartments in Old Fourth Ward have an average cost of $2,214 which is $2,786 cheaper than the average rent for all rentals in Old Fourth Ward.
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
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.
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.