Cheap Apartments for Rent in the Parkway Meadows Neighborhood of Ann Arbor, MI from $700 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parkway Meadows area of Ann Arbor.

1550 Jones Dr

Island Drive

GreenBrier

317 E Ann St

Huron Towers

1028 Fuller Rd
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.

Villas at Northstar

The Highlands Apartments

307 Thompson - Furnished Studios
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.
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.
Parkway Meadows, Ann Arbor, MI Local Guide

How much does it cost to rent an apartment in Parkway Meadows?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Parkway Meadows Studio Apartments | $1,690 | $1,229 | $2,525 |
Parkway Meadows 1 Bedroom Apartments | $2,077 | $1,150 | $2,675 |
Parkway Meadows 2 Bedroom Apartments | $2,559 | $1,300 | $3,750 |
Parkway Meadows 3 Bedroom Apartments | $1,927 | $1,272 | $4,010 |
Parkway Meadows 4 Bedroom Apartments | $1,506 | $999 | $5,450 |
Parkway Meadows 6 Bedroom Apartments | $6,447 | $849 | $8,690 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the Parkway Meadows Neighborhood of Ann Arbor, MI.
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Parkway Meadows, Ann Arbor, MI Local Guide
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Cheapest Available Parkway Meadows Apartments for Rent
 The cheapest available apartment rental in the Parkway Meadows area of Ann Arbor, MI is a 1 Bed unit found at Island Drive priced from $1,199. Traver Crossing has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,199. Here are the most affordable Parkway Meadows apartments for rent in Ann Arbor, MI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Island Drive | One Bedroom Phase 3 | 1BR,1BA | $1,199 |
Traver Crossing | The Au Sable | 2BR,1BA | $1,199 |
GreenBrier | One Bedroom | 1BR,1BA | $1,279 |
Villas at Northstar | Lenox | 2BR,2BA | $1,415 |
Huron Towers | 6 | Studio,1BA | $1,465 |
Best Value Apartments for Rent in Parkway Meadows, MI
As of October 12, 2025 the best value apartment in the Parkway Meadows area is the $1.72 price per square foot Pierpont Wooded View Model at Hideaway Apartments in the in the Chapel Hill neighborhood starting from $4,299. The second greatest value Parkway Meadows apartment is the Apartment Model at 301 N State St starting at $900 with a $0.60 price per square foot in the Chapel Hill neighborhood. Here is today’s list of the best values for Parkway Meadows apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Hideaway Apartments | Pierpont Wooded View | 4BR,3.5BA | $1.72 |
301 N State St | Apartment | 3BR,1BA | $0.60 |
Traver Crossing | The Cheboygan | 2BR,1BA | $1.28 |
533 Elizabeth St, Unit 2 | 533 Elizabeth St | 6BR,1BA | $0.71 |
Corner House Apartments | Three-Bedroom | 3BR,1BA | $1.81 |
The Highlands Apartments | 2 Bedroom | 2BR,1BA | $1.90 |
Traver Ridge | The George | 2BR,2BA | $1.70 |
The Varsity(MI) | 2 Bedroom 2 Bathroom | 2BR,2BA | $2.22 |
Villas at Northstar | Waterford | 1BR,1BA | $2.20 |
GreenBrier | One Bedroom | 1BR,1BA | $1.92 |
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Pet Friendly LifestyleParkway Meadows, Ann Arbor, MI
Ranked #31
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Parkway Meadows, Ann Arbor, MI
School data provided by Great Schools
Frequently Asked Questions about Cheap Parkway Meadows Apartments
What is a cheap apartment in Parkway Meadows?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkway Meadows is under $1,995.
What is the price of a cheap apartment in Parkway Meadows?
The cheapest apartment in Parkway Meadows is Island Drive which is listed at $1,199, while the average apartment in Parkway Meadows costs $11,200.
What types of apartments are the cheapest in Parkway Meadows?
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 133 regular apartments in Parkway Meadows 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 Parkway Meadows?
Cheap apartments in Parkway Meadows have an average cost of $770 which is $10,430 cheaper than the average rent for all rentals in Parkway Meadows.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

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.