544 N State St
Ann ArborMI48104
Cheap Homes for Rent in South University Neighborhood of Ann Arbor, MI from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the South University area of Ann Arbor.
732 S Forest Ave
Ann ArborMI48104
406 N State St
Ann ArborMI48104
555 E William St, Unit 13c, Unit 13c
555 E William St
Ann ArborMI48104
555 E William St
Ann ArborMI48104
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.
1531 Packard St
Ann ArborMI48104
555 E William St, Unit 14B, Unit 14B
555 E William St
Ann ArborMI48104
555 E William St
Ann ArborMI48104
555 E William St, Unit 12E, Unit 12E
555 E William St
Ann ArborMI48104
424 N State St
Ann ArborMI48104
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.
555 E William St, Unit 22E, Unit 22E
555 E William St
Ann ArborMI48104
Showing Results 1-11, Page 1 of 1
South University, Ann Arbor, MI Local Guide
How much does it cost to rent a home in South University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South University 2 Bedroom Homes for Rent | $3,755 | $2,000 | $9,500 |
| South University 3 Bedroom Homes for Rent | $3,476 | $2,500 | $5,375 |
| South University 4 Bedroom Homes for Rent | $4,194 | $3,200 | $5,200 |
| South University 5 Bedroom Homes for Rent | $5,462 | $3,999 | $7,500 |
| South University 6 Bedroom Homes for Rent | $6,297 | $950 | $8,750 |
| South University 7 Bedroom Homes for Rent | $7,901 | $7,100 | $8,860 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 1 mile radius of the South University Neighborhood of Ann Arbor, MI.
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South University, Ann Arbor, MI Local Guide
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Cheapest Available South University Apartments for Rent
The cheapest available apartment rental in the South University area of Ann Arbor, MI is a 1 Bed unit found at 810 S Main St priced from $1,125. Nob Hill Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here are the most affordable South University apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 810 S Main St | 1 BED | 1BR,1BA | $1,125 |
| Nob Hill Apartments | 0B1B | Studio,1BA | $1,150 |
| Z West Apartments | B2 Alt2 | 2BR,2BA | $1,195 |
| Landmark | 4X2C | 4BR,2BA | $1,315 |
| Fuller Apartments | 1 Bedroom | 1BR,1BA | $1,320 |
Best Value Apartments for Rent in South University, MI
As of May 02, 2026 the best value apartment in the South University area is the $0.56 price per square foot City Townhome Model at City Place Ann Arbor in the in the Chapel Hill neighborhood starting from $1,270. The second greatest value South University apartment is the House Model at 807 S Main St starting at $2,900 with a $1.32 price per square foot in the North Central Ann Arbor neighborhood. Here is today’s list of the best values for South University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| City Place Ann Arbor | City Townhome | 6BR,5BA | $0.56 |
| 807 S Main St | House | 3BR,1BA | $1.32 |
| The Point | Penthouse Suite | 4BR,2BA | $0.85 |
| Michigan Terrace | 3 Bedroom | 3BR,1BA | $1.65 |
| Six11 | 4BR/4BA - E | 4BR,4BA | $1.43 |
| Tradewind Apartments | Two Bed Bi Level | 2BR,1.5BA | $1.75 |
| Z Place Apartments | B1 Alt2 - 2x1 | 2BR,1BA | $1.21 |
| Brown Street Apartments | 2-Bedroom | 2BR,1BA | $1.78 |
| The Algonquin | 2 Bedroom Flat | 2BR,1BA | $1.72 |
| Forest Plaza Apartments | 1 bedroom | 1BR,1BA | $1.72 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article
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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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.
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Pet Friendly LifestyleSouth University, Ann Arbor, MI
Ranked #45
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in South University, Ann Arbor, MI
School data provided by Great Schools
Frequently Asked Questions about South University
What type of rentals are currently available in South University?
There are currently 604 Apartments for Rent in South University, MI with pricing that ranges from $655 to $11,200. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in South University ranging from $950 to $14,000.
What is the current price range for Rental Homes in South University?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South University ranges from $950 to $14,000 with an average monthly rent of $5,936.
How much are larger Three and Four Bedroom Rentals in South University?
For those who are looking for larger living arrangements, Three Bedroom Apartments in South University range from $655 to $4,575, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $5,375. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $850.
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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.
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.