1241 Island Dr, Unit 2
1241 Island Dr
Ann ArborMI48105
Cheap Homes for Rent in the Old Fourth Ward Neighborhood of Ann Arbor, MI from $699 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Old Fourth Ward area of Ann Arbor.
802 E Kingsley St
Ann ArborMI48104
533 Elizabeth St
Ann ArborMI48104
555 E William St, Unit 17th floor
555 E William St
Ann ArborMI48104
555 E William St
Ann ArborMI48104
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.
1249 Island Dr
Ann ArborMI48105
1217 Island Dr
Ann ArborMI48105
249 Brookridge Ct
Ann ArborMI48103
253 Brookridge Ct
Ann ArborMI48103
245 Brookridge Ct
Ann ArborMI48103
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.
Showing Results 1-10, Page 1 of 1
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 | $2,172 | $1,750 | $4,000 |
| Old Fourth Ward 3 Bedroom Homes for Rent | $3,600 | $2,700 | $4,500 |
| Old Fourth Ward 5 Bedroom Homes for Rent | $4,250 | $4,250 | $4,250 |
| Old Fourth Ward 6 Bedroom Homes for Rent | $5,797 | $4,995 | $6,600 |
| Old Fourth Ward 7 Bedroom Homes for Rent | $850 | $850 | $850 |
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 10 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 311 S Division St priced from $1,195. Island Drive has the second lowest priced unit, which is a Studio apartment currently listed from $1,224. Here are the most affordable Old Fourth Ward apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 311 S Division St | 2 Beds, 1 Baths | 2BR,1BA | $1,195 |
| Island Drive | Efficiency Phase 2 | Studio,1BA | $1,224 |
| 307 Thompson - Furnished Studios | 0B1B | Studio,1BA | $1,449 |
Best Value Apartments for Rent in Old Fourth Ward, MI
As of September 05, 2026 the best value apartment in the Old Fourth Ward area is the $0.50 price per square foot 533 Elizabeth St Model at 533 Elizabeth St, Unit 533 Elizabeth in the in the Chapel Hill neighborhood starting from $750. The second greatest value Old Fourth Ward apartment is the C2.1 - 3x3 Model at The Legacy at Ann Arbor starting at $1,822 with a $1.73 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. |
|---|---|---|---|
| 533 Elizabeth St, Unit 533 Elizabeth | 533 Elizabeth St | 5BR,1BA | $0.50 |
| The Legacy at Ann Arbor | C2.1 - 3x3 | 3BR,3BA | $1.73 |
| 621 E William St | 621 E William St | 2BR,2BA | $2.40 |
| Saga Ann Arbor | C1 | 3BR,2BA | $1.28 |
| Bradford House | Two Bedroom | 2BR,1BA | $1.94 |
| Fuller Apartments | 2-Bedroom Center apartments | 2BR,1BA | $1.83 |
| Unger Apartments - 5-10 Minute Walk to UofM! | 1 Bedroom | 1BR,1BA | $1.56 |
| 1335-1341 Geddes Ave | 1335 | 2BR,1BA | $2.24 |
| The Varsity(MI) | 2 Bedroom 2 Bathroom | 2BR,2BA | $2.43 |
| Exhibit A2 Furnished Luxury Apartments | 1 Bedroom - Penthouse | 1BR,1BA | $3.19 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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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Pet Friendly LifestyleOld Fourth Ward, Ann Arbor, MI
Ranked #56
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 206 Apartments for Rent in Old Fourth Ward, MI with pricing that ranges from $750 to $5,900. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Fourth Ward ranging from $699 to $6,600.
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 $699 to $6,600 with an average monthly rent of $2,224.
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.