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 $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Old Fourth Ward area of Ann Arbor.
533 Elizabeth St
Ann ArborMI48104
533 Elizabeth 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.
555 E William St
Ann ArborMI48104
1217 Island Dr
Ann ArborMI48105
249 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.
253 Brookridge Ct
Ann ArborMI48103
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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 | $2,163 | $1,800 | $3,700 |
| Old Fourth Ward 3 Bedroom Homes for Rent | $4,798 | $2,700 | $8,500 |
| Old Fourth Ward 4 Bedroom Homes for Rent | $2,950 | $2,700 | $3,200 |
| Old Fourth Ward 5 Bedroom Homes for Rent | $5,475 | $5,200 | $5,750 |
| Old Fourth Ward 6 Bedroom Homes for Rent | $4,161 | $889 | $6,600 |
| Old Fourth Ward 7 Bedroom Homes for Rent | $3,325 | $750 | $5,900 |
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 7 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 Studio unit found at Island Drive priced from $1,224. Medical Center Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,399. 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 |
| Medical Center Court | The Geddes | 1BR,1BA | $1,399 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1,408 |
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.
Read Article
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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Pet Friendly LifestyleOld Fourth Ward, Ann Arbor, MI
Ranked #50
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Old Fourth Ward
What type of rentals are currently available in Old Fourth Ward?
There are currently 202 Apartments for Rent in Old Fourth Ward, MI with pricing that ranges from $949 to $5,000. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Fourth Ward ranging from $699 to $8,500.
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 $8,500 with an average monthly rent of $3,322.
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 $949 to $3,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $8,500. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $949.
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.