
Cheap Apartments for Rent in the Plansmart Neighborhood of Ann Arbor, MI from $509 (67 Rentals)
Search the lowest-cost Apartments available for rent right now in the Plansmart area of Ann Arbor.


Total Monthly Price
533 Elizabeth St, Unit 533 Elizabeth

840 W Huron St, Unit 1

533 Elizabeth St

Huron Towers

1544 Jones Dr

Total Monthly Price
2018 Pontiac Trl, Unit 1

1552 Jones Dr

Total Monthly Price
Traver Crossing

407 N Ashley St
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.

Total Monthly Price
Island Drive

Atrio Apartment Homes

Huron Flats

Total Monthly Price
GreenBrier

1556a Jones Dr

805 E Huron St

Total Monthly Price
The Highlands Apartments

1312-1314 Wright St

109 N Thayer St

Total Monthly Price
Parc Pointe Apartments
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.

Total Monthly Price
Bradford House

Total Monthly Price
Villas at Northstar

Kingsley Apartments

2260 Fuller Ct

Shoreview Apartments

208 N Division St

Total Monthly Price
1416 Arborview Blvd, Unit West Side Duplex

Lurie Terrace Senior Apartments

Arbor Valley

802 E Kingsley St
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.

1028 Fuller St

805 Spring St

Courthouse Square - A 55+ Community

515 Lawrence St

Ashley Manor

212 E Washington Apartments

519 Lawrence St

1556 Jones Dr

Brookside Apartments

Traver Ridge
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.

Fuller Apartments

727 E Kingsley St

520 N Ashley St

Upland Green - Phase II

Medical Center Court

809 E Kingsley St

908 Spring St

415 Lawrence St - 10 Minute Walk to Campus

1112 Fountain St

502 N State St
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.
Plansmart, Ann Arbor, MI Local Guide

How much does it cost to rent an apartment in Plansmart?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Plansmart Studio Apartments | $1,711 | $1,200 | $2,575 |
| Plansmart 1 Bedroom Apartments | $1,846 | $1,000 | $2,813 |
| Plansmart 2 Bedroom Apartments | $2,179 | $949 | $3,960 |
| Plansmart 3 Bedroom Apartments | $1,696 | $949 | $2,747 |
| Plansmart 4 Bedroom Apartments | $1,807 | $949 | $4,300 |
Browse Apartments in this Neighborhood
There are currently 67 rentals with your search options within a 2 mile radius of the Plansmart Neighborhood of Ann Arbor, MI.
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Plansmart, Ann Arbor, MI Local Guide
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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 $1,249. Here are the most affordable Plansmart apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Island Drive | Efficiency Phase 2 | Studio,1BA | $1,224 |
| Traver Crossing | The Au Sable | 2BR,1BA | $1,249 |
| Atrio Apartment Homes | Renovated One-Bedroom | 1BR,1BA | $1,250 |
| Huron Flats | Two-Bedroom | 2BR,1BA | $1,255 |
| GreenBrier | 1 Bedroom 1st Floor | 1BR,1BA | $1,279 |
| Traver Ridge | The Wolfgang | 1BR,1BA | $1,299 |
| Fuller Apartments | 2-Bedroom Center apartments | 2BR,1BA | $1,530 |
| 502 N State St | 2BR/1.0BA | 2BR,1BA | $1,550 |
Best Value Apartments for Rent in Plansmart, MI
As of September 10, 2026 the best value apartment in the Plansmart area is the $1.47 price per square foot Traver w/ Two Car Garage Model at Hideaway Apartments in the in the Chapel Hill neighborhood starting from $2,799. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hideaway Apartments | Traver w/ Two Car Garage | 4BR,3.5BA | $1.47 |
| 533 Elizabeth St, Unit 533 Elizabeth | 533 Elizabeth St | 5BR,1BA | $0.50 |
| University Trails | C1 | 3BR,3.5BA | $1.01 |
| Traver Crossing | The Erie | 2BR,1BA | $1.28 |
| The Legacy at Ann Arbor | C2.1 - 3x3 | 3BR,3BA | $1.73 |
| 1416 Arborview Blvd, Unit West Side Duplex | 1416 Arborview Blvd | 2BR,1BA | $1.80 |
| Traver Ridge | The George | 2BR,2BA | $1.55 |
| Saga Ann Arbor | C1 | 3BR,2BA | $1.28 |
| Huron Flats | Two-Bedroom | 2BR,1BA | $1.39 |
| Unger Apartments - 5-10 Minute Walk to UofM! | 1 Bedroom | 1BR,1BA | $1.56 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 LifestylePlansmart, Ann Arbor, MI
Ranked #29
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $1,550.
What is the price of a cheap apartment in Plansmart?
The cheapest apartment in Plansmart is Atrio Apartment Homes which is listed at $1,250, while the average apartment in Plansmart costs $1,825.
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 153 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 $1,333 which is $492 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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.