Cheap Homes for Rent in Old Fourth Ward Neighborhood of Ann Arbor, MI from $900 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in the Old Fourth Ward area of Ann Arbor.

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.

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property at 555 E William St

555 E William St

Ann ArborMI48104
property at 1041 N Main St

1041 N Main St

Ann ArborMI48104

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.

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Old Fourth Ward, Ann Arbor, MI Local Guide

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 1 Bed unit found at Courthouse Square - A 55+ Community priced from $1,150. Island Drive has the second lowest priced unit, which is a Studio apartment currently listed from $1,395. Here are the most affordable Old Fourth Ward apartments for rent in Ann Arbor, MI:

Apartment ListingModel NameBed/BathPriced From
Courthouse Square - A 55+ CommunityUpgraded 1 bedroom 1 bath1BR,1BA$1,150
Island DriveEfficiency Phase 2Studio,1BA$1,395
307 Thompson - Furnished Studios0B1BStudio,1BA$1,599
Beekman on BroadwayAAStudio,1BA$2,075
Ann Arbor City ClubPlan V11BR,1BA$2,150

Best Value Apartments for Rent in Old Fourth Ward, MI

As of June 24, 2025 the best value apartment in the Old Fourth Ward area is the $0.43 price per square foot 533 Elizabeth St Model at 533 Elizabeth St, Unit 533 Elizabeth in the in the Chapel Hill neighborhood starting from $889. The second greatest value Old Fourth Ward apartment is the D2 Model at Saga Ann Arbor starting at $999 with a $0.67 price per square foot in the Chapel Hill neighborhood. Here is today’s list of the best values for Old Fourth Ward apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
533 Elizabeth St, Unit 533 Elizabeth533 Elizabeth St6BR,2BA$0.43
Saga Ann ArborD24BR,3BA$0.67
Corner House ApartmentsThree-Bedroom3BR,1BA$2.45
Ann Arbor City ClubPlan A1BR,1BA$3.71
Courthouse Square - A 55+ CommunityUpgraded 1 bedroom 1 bath1BR,1BA$1.99
Beekman on BroadwayAAStudio ,1BA$4.78
Island DriveEfficiency Phase 3Studio ,1BA$3.94
307 Thompson - Furnished Studios0B1BStudio ,1BA$5.13

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Frequently Asked Questions about Old Fourth Ward

What type of rentals are currently available in Old Fourth Ward?

There are currently 174 Apartments for Rent in Old Fourth Ward, MI with pricing that ranges from $889 to $6,000. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Fourth Ward ranging from $999 to $5,600.

What is the current price range for Rental Homes in Old Fourth Ward?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Fourth Ward ranges from $999 to $5,600 with an average monthly rent of $3,031.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.