Cheap Apartments for Rent in the Parkway Meadows Neighborhood of Ann Arbor, MI from $700 (67 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Parkway Meadows area of Ann Arbor.

property at 1241 Island Dr

$699

Total Monthly Price

Total Monthly Price

Base Rent
$699

Total Monthly Price
$699

1 Bedroom, 1 Bath Condo for Rent

Available Now

1241 Island Dr, Unit 2

1241 Island Dr
Ann ArborMI48105
property at 1556 Jones Dr

$1,200 - $1,500

1 Bedroom Rentals

Available Aug 11

1556 Jones Dr

Ann ArborMI48105
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Island Drive
Rent Specials
$1,224 - $2,370
Total Monthly Price

Total Monthly Price

Base Rent
$1,224 - $2,370

Total Monthly Price
$1,224 - $2,370
Studio to 3 Bedroom Apartments Available Now

Island Drive

1099 Maiden LnAnn Arbor, MI 48105
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 1633 Leaird Dr

$1,290

Total Monthly Price

Total Monthly Price

Base Rent
$1,290

Total Monthly Price
$1,290

1 Bedroom, 1.5 Bath Townhome for Rent

Available Aug 15

1633 Leaird Dr

Ann ArborMI48105
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Traver Courts
Rent Specials
$1,329 - $2,139
Total Monthly Price

Total Monthly Price

Base Rent
$1,329 - $2,139

Total Monthly Price
$1,329 - $2,139
1 to 2 Bedroom Apartments Available Now

Traver Courts

1505 Natalie LnAnn Arbor, MI 48105
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 805 E Huron St

$1,350

Studio To 1 Bedroom Rentals

Available Aug 7

805 E Huron St

Ann ArborMI48104
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Traver Ridge
Rent Specials
$1,429 - $2,319
Total Monthly Price

Total Monthly Price

Base Rent
$1,429 - $2,319

Total Monthly Price
$1,429 - $2,319
1 to 3 Bedroom Apartments Available Now

Traver Ridge

2395 Leslie CirAnn Arbor, MI 48105
Student Housing
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  • Smoke Free
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GreenBrier
$1,499 - $1,589
Total Monthly Price

Total Monthly Price

Base Rent
$1,499 - $1,589

Total Monthly Price
$1,499 - $1,589
Studio to 2 Bedroom Apartments Available Now

GreenBrier

3615 Green Brier BlvdAnn Arbor, MI 48105
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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Traver Crossing
$1,499 - $2,089
Total Monthly Price

Total Monthly Price

Base Rent
$1,499 - $2,089

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Traver Crossing

1984 Traver RdAnn Arbor, MI 48105
Student Housing
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  • Customer Reviewed
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The Highlands Apartments
Rent Specials
$1,555 - $2,280
Total Monthly Price

Total Monthly Price

Base Rent
$1,555 - $2,280

Total Monthly Price
$1,555 - $2,280
1 to 2 Bedroom Apartments Available Aug 15

The Highlands Apartments

1681-1699 Broadway StAnn Arbor, MI 48105
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
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Parc Pointe Apartments
$1,630 - $2,215
Total Monthly Price

Total Monthly Price

Base Rent
$1,630 - $2,215

Total Monthly Price
$1,630 - $2,215
1 to 2 Bedroom Apartments Available Sep 1

Parc Pointe Apartments

1901 Pointe LnAnn Arbor, MI 48105
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Bradford House
$1,745 - $2,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,745 - $2,065

Total Monthly Price
Varies
2 Bedroom Apartments Available Aug 28

Bradford House

1010 Catherine StAnn Arbor, MI 48104
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour
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Villas at Northstar
Rent Specials
$1,785 - $3,764
Total Monthly Price

Total Monthly Price

Base Rent
$1,785 - $3,764

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Villas at Northstar

2820 Windwood DrAnn Arbor, MI 48105
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 3234 Bolgos Cir

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

2 Bedroom, 1 Bath Condo for Rent

Available Jul 20

3234 Bolgos Cir, Unit 3234 Bolgos Circle

3234 Bolgos Cir
Ann ArborMI48105
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Owl Creek
$1,930 - $3,152
Total Monthly Price

Total Monthly Price

Base Rent
$1,930 - $3,152

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Jul 18

Owl Creek

3400 Nixon RdAnn Arbor, MI 48105
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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515 Lawrence St
Studio to 2 Bedroom Apartments

515 Lawrence St

515 Lawrence StAnn Arbor, MI 48104
Student Housing
  • Utilities Included
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Arbor Valley
Studio to 2 Bedroom Apartments

Arbor Valley

1550-1552 Plymouth RdAnn Arbor, MI 48105
  • Utilities Included
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1028 Fuller St
1 to 2 Bedroom Apartments

1028 Fuller St

1028 Fuller StAnn Arbor, MI 48104
  • Utilities Included

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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212 E Washington Apartments
Studio to 1 Bedroom Apartments

212 E Washington Apartments

212 E Washington StAnn Arbor, MI 48104
Student Housing
  • Utilities Included
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519 Lawrence St
1 Bedroom Apartments

519 Lawrence St

519 Lawrence StAnn Arbor, MI 48104
Student Housing
  • Utilities Included
  • Smoke Free
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Brookside Apartments
Studio to 2 Bedroom Apartments

Brookside Apartments

1500 Plymouth RdAnn Arbor, MI 48105
  • Utilities Included
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Fuller Apartments
1 to 2 Bedroom Apartments

Fuller Apartments

800-802 Fuller StAnn Arbor, MI 48104
Student Housing
  • Utilities Included
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Medical Center Court
Studio to 2 Bedroom Apartments

Medical Center Court

1005 Maiden LnAnn Arbor, MI 48105
Student Housing
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Upland Green - Phase II
Studio to 1 Bedroom Apartments

Upland Green - Phase II

1777 Plymouth RdAnn Arbor, MI 48105
  • Utilities Included
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809 E Kingsley St
1 Bedroom Apartments

809 E Kingsley St

809 E Kingsley StAnn Arbor, MI 48104
  • Utilities Included
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Broadview Apartments
1 to 2 Bedroom Apartments

Broadview Apartments

1701-1753 Broadview LnAnn Arbor, MI 48105
  • Utilities Included
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727 E Kingsley St
2 Bedroom Apartments

727 E Kingsley St

727 E Kingsley StAnn Arbor, MI 48104
Student Housing
  • Utilities Included
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209 N Ingalls St
1 to 2 Bedroom Apartments

209 N Ingalls St

209 N Ingalls StAnn Arbor, MI 48104

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.

Parkway Meadows, Ann Arbor, MI Local Guide

Cheapest Available Parkway Meadows Apartments for Rent

 

The cheapest available apartment rental in the Parkway Meadows area of Ann Arbor, MI is a Studio unit found at Island Drive priced from $1,224. Traver Courts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,329. Here are the most affordable Parkway Meadows apartments for rent in Ann Arbor, MI:

Apartment ListingModel NameBed/BathPriced From
Island DriveEfficiency Phase 2Studio,1BA$1,224
Traver CourtsKipling1BR,1BA$1,329
GreenBrier2 Bedroom 1st Floor Garden2BR,1BA$1,499
Traver CrossingThe Boardman2BR,1BA$1,549
Villas at NorthstarLenox2BR,2BA$1,785
603 E Ann St1 Beds, 1 Baths1BR,1BA$1,800
Varsity Management 418 E. Washington1BR/1.0BA1BR,1BA$2,060
Beekman on BroadwayAStudio,1BA$2,100
815 E Huron St1 Bedroom1BR,1BA$2,100
Leaird Drive Studios - All Utilities Included1635Studio,1BA$2,100

Best Value Apartments for Rent in Parkway Meadows, MI

As of July 15, 2026 the best value apartment in the Parkway Meadows area is the $1.68 price per square foot Traver w/ Two Car Garage Model at Hideaway Apartments in the in the Chapel Hill neighborhood starting from $3,199. The second greatest value Parkway Meadows apartment is the The George Model at Traver Ridge starting at $1,549 with a $1.55 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Hideaway ApartmentsTraver w/ Two Car Garage4BR,3.5BA$1.68
Traver RidgeThe George2BR,2BA$1.55
Traver CrossingThe Au Sable2BR,1BA$1.55
Saga Ann ArborC13BR,2BA$1.51
GreenBrier2 Bedroom 3rd Floor Garden2BR,1BA$1.74
Traver CourtsKipling1BR,1BA$1.66
815 E Huron St1 Bedroom1BR,1BA$2.63
Phi Chi Medical Fraternity Apartments2 Bed2BR,1BA$2.25
The Varsity(MI)2 Bedroom 2 Bathroom2BR,2BA$2.43
Villas at NorthstarWaterford1BR,1BA$2.59

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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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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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Parkway Meadows, Ann Arbor, MI

Ranked #27

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $2,100.

What is the price of a cheap apartment in Parkway Meadows?

The cheapest apartment in Parkway Meadows is Traver Courts which is listed at $1,329, while the average apartment in Parkway Meadows costs $5,923.

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 127 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 $1,601 which is $4,322 cheaper than the average rent for all rentals in Parkway Meadows.

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

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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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.