Cheap Apartments for Rent in the Plansmart Neighborhood of Ann Arbor, MI from $500 (93 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Plansmart 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 407 N Ashley St

$1,200 - $2,400

Studio To 2 Bedroom Rentals

Available Aug 7

407 N Ashley St

Ann ArborMI48103

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.

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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
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GreenBrier
$1,309 - $1,589
Total Monthly Price

Total Monthly Price

Base Rent
$1,309 - $1,589
Total Monthly Price
$1,309 - $1,589
Studio to 2 Bedroom Apartments Available Now

GreenBrier

3615 Green Brier BlvdAnn Arbor, MI 48105
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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 Crossing
$1,399 - $2,109
Total Monthly Price

Total Monthly Price

Base Rent
$1,399 - $2,109
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Traver Crossing

1984 Traver RdAnn Arbor, MI 48105
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Traver Ridge
Rent Specials
$1,449 - $2,319
Total Monthly Price

Total Monthly Price

Base Rent
$1,449 - $2,319
Total Monthly Price
$1,449 - $2,319
1 to 3 Bedroom Apartments Available Now

Traver Ridge

2395 Leslie CirAnn Arbor, MI 48105
Student Housing
  • Verified
  • 3D Tour
  • Smoke Free

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.

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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 Contact Us For Availability

Parc Pointe Apartments

1901 Pointe LnAnn Arbor, MI 48105
Affordability
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  • Customer Reviewed
  • Utilities Included
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Bradford House
$1,650 - $2,065
Total Monthly Price

Total Monthly Price

Base Rent
$1,650 - $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
property at 829 Miller Ave

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750

2 Bedroom, 1 Bath Home for Rent

Available Now

829 Miller Ave, Unit 2

829 Miller Ave
Ann ArborMI48103

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Villas at Northstar
Rent Specials
$1,785 - $3,759
Total Monthly Price

Total Monthly Price

Base Rent
$1,785 - $3,759
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

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

2 Bedroom, 1 Bath Condo for Rent

Available Now

3234 Bolgos Cir, Unit 3234 Bolgos Circle

3234 Bolgos Cir
Ann ArborMI48105
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Owl Creek
$1,930 - $2,820
Total Monthly Price

Total Monthly Price

Base Rent
$1,930 - $2,820
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Owl Creek

3400 Nixon RdAnn Arbor, MI 48105
Furnished
  • 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.

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property at 309 N Ingalls St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

1 Bedroom, 1 Bath Home for Rent

Available Now

309 N Ingalls St, Unit 1

309 N Ingalls St
Ann ArborMI48104
property at 606 W Summit St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

2 Bedroom, 1 Bath Home for Rent

Available Now

606 W Summit St

Ann ArborMI48103
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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

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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Plansmart, Ann Arbor, MI Local Guide

Cheapest Available Plansmart Apartments for Rent

 

The cheapest available apartment rental in the Plansmart area of Ann Arbor, MI is a Studio unit found at Island Drive priced from $1,224. Traver Crossing has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,449. Here are the most affordable Plansmart apartments for rent in Ann Arbor, MI:

Apartment ListingModel NameBed/BathPriced From
Island DriveEfficiency Phase 2Studio,1BA$1,224
Traver CrossingThe Au Sable2BR,1BA$1,449
Medical Center CourtThe Geddes1BR,1BA$1,449
GreenBrier2 Bedroom 1st Floor Garden2BR,1BA$1,499
Traver RidgeThe George2BR,2BA$1,499
603 E Ann St1 Beds, 1 Baths1BR,1BA$1,800
Villas at NorthstarWaterford1BR,1BA$1,865
Owl CreekAspenStudio,1BA$1,930
Exhibit A2 Furnished Luxury ApartmentsStudioStudio,1BA$1,958

Best Value Apartments for Rent in Plansmart, MI

As of July 26, 2026 the best value apartment in the Plansmart area is the $2.05 price per square foot Traver w/ Two Car Garage Model at Hideaway Apartments in the in the Chapel Hill neighborhood starting from $3,899. The second greatest value Plansmart 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 Plansmart apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hideaway ApartmentsTraver w/ Two Car Garage4BR,3.5BA$2.05
533 Elizabeth St, Unit 533 Elizabeth533 Elizabeth St5BR,1BA$0.50
Traver CrossingThe Au Sable2BR,1BA$1.45
Traver RidgeThe George2BR,2BA$1.50
Saga Ann ArborC13BR,2BA$1.51
GreenBrier2 Bedroom 3rd Floor Garden Balcony2BR,1BA$1.75
815 E Huron St1 Bedroom1BR,1BA$2.63
Phi Chi Medical Fraternity Apartments2 Bed2BR,1BA$2.25
Villas at NorthstarWaterford1BR,1BA$2.70
Medical Center CourtThe Geddes1BR,1BA$2.48

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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Pet Friendly Lifestyle
Plansmart, Ann Arbor, MI

Ranked #21

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Plansmart, Ann Arbor, MI

School data provided by Great Schools

Frequently Asked Questions about Cheap Plansmart Apartments

What is a cheap apartment in Plansmart?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Plansmart is under $1,958.

What is the price of a cheap apartment in Plansmart?

The cheapest apartment in Plansmart is Island Drive which is listed at $1,350, while the average apartment in Plansmart costs $5,923.

What types of apartments are the cheapest in Plansmart?

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 110 regular apartments in Plansmart 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 Plansmart?

Cheap apartments in Plansmart have an average cost of $1,363 which is $4,560 cheaper than the average rent for all rentals in Plansmart.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.