
Cheap Homes for Rent in Parkway Meadows Neighborhood of Ann Arbor, MI from $700 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Parkway Meadows area of Ann Arbor.


533 Elizabeth St, Unit 2

544 N State St

536 Detroit St
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.

424 N State St

1257 Island Dr

1249 Island Dr, Unit 104

2741 Barclay Way
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.

1249 Island Dr
Parkway Meadows, Ann Arbor, MI Local Guide

How much does it cost to rent a home in Parkway Meadows?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parkway Meadows 2 Bedroom Homes for Rent | $2,642 | $1,795 | $9,500 |
| Parkway Meadows 3 Bedroom Homes for Rent | $3,631 | $2,300 | $4,700 |
| Parkway Meadows 4 Bedroom Homes for Rent | $3,449 | $2,400 | $4,200 |
| Parkway Meadows 5 Bedroom Homes for Rent | $4,900 | $4,550 | $5,200 |
| Parkway Meadows 6 Bedroom Homes for Rent | $4,181 | $950 | $6,600 |
| Parkway Meadows 7 Bedroom Homes for Rent | $3,925 | $750 | $7,100 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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 GreenBrier priced from $1,279. Leaird Drive Studios - All Utilities Included has the second lowest priced unit, which is a Studio apartment currently listed from $1,300. Here are the most affordable Parkway Meadows apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| GreenBrier | 1 Bedroom 1st Floor | 1BR,1BA | $1,279 |
| Leaird Drive Studios - All Utilities Included | Studio | Studio,1BA | $1,300 |
| Island Drive | One Bedroom Phase 3 | 1BR,1BA | $1,350 |
Best Value Apartments for Rent in Parkway Meadows, MI
As of May 30, 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 533 Elizabeth St Model at 533 Elizabeth St, Unit 533 Elizabeth starting at $750 with a $0.50 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 | Traver w/ Two Car Garage | 4BR,3.5BA | $1.68 |
| 533 Elizabeth St, Unit 533 Elizabeth | 533 Elizabeth St | 5BR,1BA | $0.50 |
| Owl Creek | Willow | 3BR,2BA | $2.24 |
| Sun Terrace Apartments | 3 bed | 3BR,1BA | $1.75 |
| Saga Ann Arbor | C1 | 3BR,2BA | $1.59 |
| Traver Ridge | The Wolfgang | 1BR,1BA | $1.89 |
| U of M Student Housing Portfolio | 2 bed | 2BR,1BA | $2.44 |
| The Varsity(MI) | 2 Bedroom 2 Bathroom | 2BR,2BA | $2.42 |
| GreenBrier | 1 Bedroom 3rd Floor | 1BR,1BA | $1.99 |
| Island Drive | One Bedroom Phase 3 | 1BR,1BA | $2.42 |
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 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.
Read ArticleQuick 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.
Pet Friendly LifestyleParkway Meadows, Ann Arbor, MI
Ranked #33
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Parkway Meadows, Ann Arbor, MI
School data provided by Great Schools
Frequently Asked Questions about Parkway Meadows
What type of rentals are currently available in Parkway Meadows?
There are currently 201 Apartments for Rent in Parkway Meadows, MI with pricing that ranges from $750 to $7,600. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parkway Meadows ranging from $750 to $9,500.
What is the current price range for Rental Homes in Parkway Meadows?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Parkway Meadows ranges from $750 to $9,500 with an average monthly rent of $3,286.
How much are larger Three and Four Bedroom Rentals in Parkway Meadows?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Parkway Meadows range from $887 to $3,599, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $4,700. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $1,081.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.