
Cheap Apartments for Rent in the Sister Lakes Neighborhood of Ann Arbor, MI from $500 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Sister Lakes area of Ann Arbor.


Atrio Apartment Homes

807 W Madison St

Jackson West

Lurie Terrace Senior Apartments
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.

2211 Dexter Ave

Varsity Management

Surrey Park

801 W Madison

Manchester Flats
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.
Sister Lakes, Ann Arbor, MI Local Guide

How much does it cost to rent an apartment in Sister Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sister Lakes 1 Bedroom Apartments | $1,541 | $800 | $2,225 |
| Sister Lakes 2 Bedroom Apartments | $1,990 | $1,195 | $3,500 |
| Sister Lakes 3 Bedroom Apartments | $2,211 | $1,671 | $3,550 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Sister Lakes Neighborhood of Ann Arbor, MI.
See all Apartments in Ann ArborExplore Ann Arbor
Cheapest Available Sister Lakes Apartments for Rent
 The cheapest available apartment rental in the Sister Lakes area of Ann Arbor, MI is a 2 Beds unit found at Varsity Management priced from $1,000. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Varsity Management | 2BR/1.0BA | 2BR,1BA | $1,000 |
| Surrey Park | Studio, One Bath (Sp) | Studio,1BA | $1,175 |
| 807 W Madison St | 1 Bedroom | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Sister Lakes, MI
As of January 08, 2026 the best value apartment in the Sister Lakes area is the $1.50 price per square foot 797 Maple Model at 795 N Maple Rd in the in the Sister Lakes neighborhood starting from $1,500. The second greatest value Sister Lakes apartment is the 2 Bedroom 1 Bath 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 795 N Maple Rd | 797 Maple | 2BR,1BA | $1.50 |
| Lakestone Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.51 |
| Arbor Landings | Holly | 1BR,1BA | $1.68 |
| Mapleridge Apartments | 2 Bedroom Renovated | 2BR,1BA | $1.81 |
| Charlton Apartments | The Delhi - Renovated | 2BR,1BA | $1.89 |
| Wyndham Hill Apartments | CMO2B1B | 2BR,1BA | $1.68 |
| Arbor Club Apartments - Ann Arbor, MI | One Bedroom One Bath | 1BR,1BA | $1.75 |
| The Park at Sagebrush Circle | Aspen | 1BR,1BA | $1.75 |
| Varsity Management | 2BR/1.0BA | 2BR,1BA | $1.30 |
| 807 W Madison St | 1 Bedroom | 1BR,1BA | $1.60 |
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 807 W Madison St which is listed at $1,200, while the average apartment in Sister Lakes costs $1,817.
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 16 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 $555 which is $1,262 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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!