Cheap Apartments for Rent in the Sister Lakes Neighborhood of Ann Arbor, MI from $509 (34 Rentals)

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

property at 2116 Thaler Ave

$800 - $1,499

Total Monthly Price

Total Monthly Price

Base Rent
$800 - $1,499
Total Monthly Price
$800 - $1,499

1 Bedroom, 1 Bath Home for Rent

Available Now

2116 Thaler Ave

Ann ArborMI48103
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985 Northwood St
Rent Specials
$995 - $1,095
Total Monthly Price

Total Monthly Price

Base Rent
$995 - $1,095
Total Monthly Price
$995 - $1,095
1 Bedroom Apartments Available Now

985 Northwood St

985 Northwood StAnn Arbor, MI 48103
Student Housing
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  • Low Income
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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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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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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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923 S 7th St
1 to 2 Bedroom Apartments

923 S 7th St

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

811 5th St

811 5th StAnn Arbor, MI 48103

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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West Huron Apartments
1 to 3 Bedroom Apartments

West Huron Apartments

712 W Huron StAnn Arbor, MI 48103
  • Utilities Included

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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Parkside Apartments
2 to 3 Bedroom Apartments

Parkside Apartments

810 W Huron StAnn Arbor, MI 48103
  • Utilities Included
Showing Results 1-34, Page 1 of 1

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 Manchester Flats priced from $949. Hillcrest / Park Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here are the most affordable Sister Lakes apartments for rent in Ann Arbor, MI:

Apartment ListingModel NameBed/BathPriced From
Manchester FlatsThe Kent1BR,1BA$949
Hillcrest / Park PlaceThe Sycamore1BR,1BA$949
985 Northwood St1 Bedroom1BR,1BA$995
Jackson West1 Bedroom1BR,1BA$1,105
Surrey ParkStudio, One Bath (Sp)Studio,1BA$1,175
807 W Madison St1 Bedroom1BR,1BA$1,200
Atrio Apartment HomesRenovated One-Bedroom1BR,1BA$1,250
Huron FlatsTwo-Bedroom2BR,1BA$1,255
Manchester WestThe Poseidon2BR,2BA$1,329

Best Value Apartments for Rent in Sister Lakes, MI

As of August 31, 2026 the best value apartment in the Sister Lakes area is the $0.83 price per square foot 3 Bedroom (Per Person - $967) Model at 1722 W Liberty St in the in the New West Side neighborhood starting from $967. The second greatest value Sister Lakes apartment is the 2BR/1.0BA Model at Varsity Management – 723 W Madison starting at $1,750 with a $1.74 price per square foot in the North Central Ann Arbor 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.
1722 W Liberty St3 Bedroom (Per Person - $967)3BR,2BA$0.83
Varsity Management – 723 W Madison2BR/1.0BA2BR,1BA$1.74
Lakestone ApartmentsTwo Bedroom2BR,1BA$1.73
Manchester WestThe Poseidon2BR,2BA$1.40
Huron FlatsTwo-Bedroom2BR,1BA$1.39
Jackson West1 Bedroom1BR,1BA$1.27
Mapleridge Apartments1 Bedroom1BR,1BA$1.77
807 W Madison St1 Bedroom1BR,1BA$1.60
Hillcrest / Park PlaceThe Sycamore1BR,1BA$1.52
Manchester FlatsThe Kent1BR,1BA$1.72

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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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 #45

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

What is the price of a cheap apartment in Sister Lakes?

The cheapest apartment in Sister Lakes is Manchester Flats which is listed at $949, while the average apartment in Sister Lakes costs $1,699.

What types of apartments are the cheapest in Sister Lakes?

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 43 regular apartments in Sister Lakes 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 Sister Lakes?

Cheap apartments in Sister Lakes have an average cost of $957 which is $742 cheaper than the average rent for all rentals in Sister Lakes.

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.

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

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.