533 Elizabeth St
Ann ArborMI48104
Cheap Homes for Rent in South University Neighborhood of Ann Arbor, MI from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the South University area of Ann Arbor.
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$9457 Bedroom Apartments Available Aug 15
533 Elizabeth St, Unit 2
533 Elizabeth StAnn Arbor, MI 48104
126 Hill St
Ann ArborMI48104
544 N State St
Ann ArborMI48104
536 Detroit 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 12E
555 E William St
Ann ArborMI48104
555 E William St
Ann ArborMI48104
506 W Stadium Blvd
Ann ArborMI48103
555 E William St, Unit 22E
555 E William 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.
Showing Results 1-10, 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 | $2,652 | $1,920 | $4,000 |
| South University 3 Bedroom Homes for Rent | $3,130 | $2,400 | $4,100 |
| South University 4 Bedroom Homes for Rent | $3,493 | $2,995 | $3,980 |
| South University 5 Bedroom Homes for Rent | $5,290 | $4,490 | $6,500 |
| South University 6 Bedroom Homes for Rent | $6,046 | $950 | $8,195 |
| South University 7 Bedroom Homes for Rent | $6,113 | $750 | $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 10 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 912 Sybil St priced from $950. 810 S Main St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here are the most affordable South University apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 912 Sybil St | 1-Bedroom - August 29, 2026 | 1BR,1BA | $950 |
| 810 S Main St | 1 BED | 1BR,1BA | $1,125 |
| Forest Plaza Apartments | Studio | Studio,1BA | $1,195 |
Best Value Apartments for Rent in South University, MI
As of June 16, 2026 the best value apartment in the South University area is the $1.32 price per square foot House Model at 807 S Main St in the in the North Central Ann Arbor neighborhood starting from $2,900. The second greatest value South University apartment is the 1 Bedroom - Shared House Model at 518 Monroe St starting at $1,200 with a $0.59 price per square foot in the Chapel Hill 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. |
|---|---|---|---|
| 807 S Main St | House | 3BR,1BA | $1.32 |
| 518 Monroe St | 1 Bedroom - Shared House | 1BR,1BA | $0.59 |
| Sun Terrace Apartments | 3 bed | 3BR,1BA | $1.75 |
| Six11 | 4BR/4BA - C | 4BR,4BA | $1.36 |
| Vic Village North | 4B - Deluxe | 4BR,4BA | $1.46 |
| Saga Ann Arbor | C1 | 3BR,2BA | $1.59 |
| 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 |
| Across From UofM Campus - 1313 S State St | Short-Term Lease | 2BR,1BA | $1.19 |
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 Article
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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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 #43
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 603 Apartments for Rent in South University, MI with pricing that ranges from $655 to $8,900. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in South University ranging from $750 to $10,360.
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 $750 to $10,360 with an average monthly rent of $4,997.
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 $2,400 to $4,100. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $1,129.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.