Cheap Apartments for Rent in the Sister Lakes Neighborhood of Ann Arbor, MI from $500 (41 Rentals)

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

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 2230 Dexter Ave

$1,395 - $1,625

1 To 2 Bedroom Rentals

Available Now

2230 Dexter Ave

Ann ArborMI48103
property at 2116 Thaler Ave

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available May 15

2116 Thaler Ave

Ann ArborMI48103

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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2211 Dexter Ave
2 Bedroom Apartments

2211 Dexter Ave

2211 Dexter AveAnn Arbor, MI 48103
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Surrey Park
Studio to 2 Bedroom Apartments

Surrey Park

2501 Keystone LnAnn Arbor, MI 48103
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801 W Madison
1 to 2 Bedroom Apartments

801 W Madison

801 W MadisonAnn Arbor, MI 48103
  • Utilities Included
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Manchester Flats
1 to 3 Bedroom Apartments

Manchester Flats

1846 Stadium PlAnn Arbor, MI 48103
Student Housing

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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811 5th St
1 Bedroom Apartments

811 5th St

811 5th StAnn Arbor, MI 48103
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923 S 7th St
1 to 2 Bedroom Apartments

923 S 7th St

923 S 7th StAnn Arbor, MI 48103
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Manchester West
1 to 2 Bedroom Apartments

Manchester West

1900 W Liberty StAnn Arbor, MI 48103
Student Housing
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Huron Flats
2 Bedroom Apartments

Huron Flats

1117 W Huron StAnn Arbor, MI 48103
Student Housing
  • Utilities Included
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West Huron Apartments
1 to 3 Bedroom Apartments

West Huron Apartments

712 W Huron StAnn Arbor, MI 48103
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Parkside Apartments
2 to 3 Bedroom Apartments

Parkside Apartments

810 W Huron StAnn Arbor, MI 48103
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2210 Dexter
2 Bedroom Apartments

2210 Dexter

2210 Dexter AveAnn Arbor, MI 48103

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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723 W Madison St
1 to 2 Bedroom Apartments

723 W Madison St

723 W Madison StAnn Arbor, MI 48103
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801 Miller Ave
2 Bedroom Apartments

801 Miller Ave

801 Miller AveAnn Arbor, MI 48103
  • Utilities Included
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Avant Apartments
1 to 3 Bedroom Apartments

Avant Apartments

1400 S Maple RdAnn Arbor, MI 48103
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795 N Maple Rd
2 Bedroom Apartments

795 N Maple Rd

795 N Maple RdAnn Arbor, MI 48103

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Sister Lakes, Ann Arbor, MI Local Guide

Cheapest Available Sister Lakes Apartments for Rent

 

The cheapest available apartment rental in the Sister Lakes area of Ann Arbor, MI is a 1 Bed unit found at Lakestone Apartments priced from $1,038. Surrey Park has the second lowest priced unit, which is a Studio apartment currently listed from $1,175. Here are the most affordable Sister Lakes apartments for rent in Ann Arbor, MI:

Apartment ListingModel NameBed/BathPriced From
Lakestone ApartmentsOne Bedroom1BR,1BA$1,038
Surrey ParkStudio, One Bath (Sp)Studio,1BA$1,175
Manchester FlatsThe Burlington1BR,1BA$1,199
Hillcrest / Park PlaceThe Meadows1BR,1BA$1,199
807 W Madison St1 Bedroom1BR,1BA$1,200
Mapleridge Apartments1 Bedroom1BR,1BA$1,395
Manchester WestThe Aphrodite1BR,1BA$1,449
Wyndham Hill ApartmentsCMI2B1B2BR,1BA$1,450
Arbor LandingsHolly1BR,1BA$1,486
The Park at Sagebrush CircleBeech2BR,2BA$1,699

Best Value Apartments for Rent in Sister Lakes, MI

As of April 10, 2026 the best value apartment in the Sister Lakes area is the $2.04 price per square foot 2 Bed 2 Bath Model at Maple Cove of Ann Arbor in the in the Sister Lakes neighborhood starting from $2,195. The second greatest value Sister Lakes apartment is the Two Bedroom Model at Lakestone Apartments starting at $1,498 with a $1.51 price per square foot in the Sister Lakes neighborhood. Here is today’s list of the best values for Sister Lakes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Maple Cove of Ann Arbor2 Bed 2 Bath2BR,2BA$2.04
Lakestone ApartmentsTwo Bedroom2BR,1BA$1.51
Arbor LandingsHolly1BR,1BA$1.68
Mapleridge Apartments2 Bedroom2BR,1BA$1.81
Wyndham Hill ApartmentsCMI2B1B2BR,1BA$1.67
Manchester WestThe Aphrodite1BR,1BA$1.70
The Park at Sagebrush CircleAspen1BR,1BA$2.21
807 W Madison St1 Bedroom1BR,1BA$1.60
Hillcrest / Park PlaceThe Sycamore1BR,1BA$2.00
Manchester FlatsThe Burlington1BR,1BA$2.55

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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
Sister Lakes, Ann Arbor, MI

Ranked #37

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Sister Lakes Apartments

How much is rent for a Cheap One Bedroom Sister Lakes Apartment?

The lowest price for a Cheap One Bedroom Sister Lakes Apartment is $1,038 at Lakestone Apartments.

What is the lowest price for a Cheap Two Bedroom Sister Lakes Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Sister Lakes is starting from $1,299 at Hillcrest / Park Place.

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

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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.