
Cheap Homes for Rent in Old Fourth Ward Neighborhood of Ann Arbor, MI from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Old Fourth Ward area of Ann Arbor.


1241 Island Dr, Unit 2

1201 Island Dr, Unit 103

334 Beakes St

555 E William St

1249 Island Dr
Old Fourth Ward, Ann Arbor, MI Local Guide

How much does it cost to rent a home in Old Fourth Ward?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Old Fourth Ward 2 Bedroom Homes for Rent | $2,238 | $1,500 | $5,500 |
Old Fourth Ward 3 Bedroom Homes for Rent | $3,700 | $2,500 | $5,600 |
Old Fourth Ward 4 Bedroom Homes for Rent | $4,800 | $4,800 | $4,800 |
Old Fourth Ward 6 Bedroom Homes for Rent | $4,600 | $4,600 | $4,600 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Old Fourth Ward Neighborhood of Ann Arbor, MI.
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Old Fourth Ward, Ann Arbor, MI Local Guide
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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 2 Beds unit found at Courthouse Square - A 55+ Community priced from $1,250. Island Drive has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,328. Here are the most affordable Old Fourth Ward apartments for rent in Ann Arbor, MI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Courthouse Square - A 55+ Community | Upgraded 2 bedrooms 2 bath | 2BR,2BA | $1,250 |
Island Drive | One Bedroom Phase 2 | 1BR,1BA | $1,328 |
Medical Center Court | The Geddes | 1BR,1BA | $1,399 |
Best Value Apartments for Rent in Old Fourth Ward, MI
As of August 29, 2025 the best value apartment in the Old Fourth Ward area is the $0.60 price per square foot 3 Beds, 1 bath Model at 301 N State St in the in the Chapel Hill neighborhood starting from $900. The second greatest value Old Fourth Ward apartment is the 533 Elizabeth St Model at 533 Elizabeth St, Unit 2 starting at $849 with a $0.71 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
301 N State St | 3 Beds, 1 bath | 3BR,1BA | $0.60 |
533 Elizabeth St, Unit 2 | 533 Elizabeth St | 6BR,1BA | $0.71 |
The Varsity(MI) | 4 Bedroom 2 Bathroom | 4BR,2BA | $1.14 |
Corner House Apartments | Three-Bedroom | 3BR,1BA | $1.81 |
314 S Ashley St | 2/Bedroom | 2BR,1BA | $2.67 |
Fuller Apartments | 2-Bedroom Center apartments | 2BR,1BA | $1.83 |
Courthouse Square - A 55+ Community | Upgraded 2 bedrooms 1 bath | 2BR,1BA | $1.56 |
Ann Arbor City Club | Plan A1 | 1BR,1BA | $3.24 |
Medical Center Court | The Broadway | 1BR,1BA | $2.54 |
555 E William St, Unit 3i | 555 E William St | 1BR,1BA | $3.61 |
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Pet Friendly LifestyleOld Fourth Ward, Ann Arbor, MI
Ranked #63
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Old Fourth Ward
What type of rentals are currently available in Old Fourth Ward?
There are currently 182 Apartments for Rent in Old Fourth Ward, MI with pricing that ranges from $650 to $3,650. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Fourth Ward ranging from $650 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 $650 to $5,600 with an average monthly rent of $3,145.
How much are larger Three and Four Bedroom Rentals in Old Fourth Ward?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Old Fourth Ward range from $1,399 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $5,600. Four Bedroom Single-Family rentals are also available starting from $4,800 and Four Bedroom Apartments start at $999.
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.

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.