Cheap Apartments for Rent in the Prospect Park Neighborhood of Ypsilanti, MI from $700 (58 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Ypsilanti.

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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1305 S Congress St
Rent Specials
$957 - $1,237
Total Monthly Price

Total Monthly Price

Base Rent
$957 - $1,237
Total Monthly Price
$957 - $1,237
Studio to 3 Bedroom Apartments Available Now

1305 S Congress St

1305 S Congress StYpsilanti, MI 48197
Student Housing
  • Verified
  • Low Income
  • 3D Tour
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Covington Apartments
Rent Specials
$960 - $1,660
Total Monthly Price

Total Monthly Price

Base Rent
$960 - $1,660
Total Monthly Price
$960 - $1,660
1 to 3 Bedroom Apartments Available Now

Covington Apartments

1926 Washtenaw AveYpsilanti, MI 48197
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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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102 Spring St
$1,150 - $1,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,450
Total Monthly Price
$1,150 - $1,450
1 to 2 Bedroom Apartment Available Now

102 Spring St

102 Spring StYpsilanti, MI 48197
Affordability
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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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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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Oakridge Apartments
$1,399 - $1,599
Total Monthly Price

Total Monthly Price

Base Rent
$1,399 - $1,599
Total Monthly Price
$1,399 - $1,599
2 to 3 Bedroom Apartments Available Now

Oakridge Apartments

1260-1326 Holmes RdYpsilanti, MI 48198
Cost Per Sq.Ft.
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 209 N Prospect Rd

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475
Total Monthly Price
$1,475

2 Bedroom, 1.5 Bath Townhome for Rent

Available May 1

209 N Prospect Rd

YpsilantiMI48198
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North Rosewood
1 to 2 Bedroom Apartments

North Rosewood

755-825 N Rosewood StYpsilanti, MI 48198
  • Utilities Included
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North Redwood
1 to 2 Bedroom Apartments

North Redwood

720-820 N Redwood AveYpsilanti, MI 48198
  • Utilities Included
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815-829 E George Pl
2 to 4 Bedroom Apartments

815-829 E George Pl

815-829 E George PlYpsilanti, MI 48198

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.

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Cheapest Available Prospect Park Apartments for Rent

 

The cheapest available apartment rental in the Prospect Park area of Ypsilanti, MI is a 1 Bed unit found at Harvey Place priced from $745. River Street Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Prospect Park apartments for rent in Ypsilanti, MI:

Apartment ListingModel NameBed/BathPriced From
Harvey Place1 Bed 1 Bath Apt.1BR,1BA$745
River Street ApartmentsStudioStudio,1BA$875
Country Meadows1 Bedroom1BR,1BA$899
Renaissance ApartmentsStudioStudio,1BA$900
Campbell ApartmentsCampbell Apartments NEW - 800-2...2BR,1BA$950
1305 S Congress StStudio2BR,1BA$957
Covington ApartmentsOne Bedroom1BR,1BA$960
Mabro Manor1 Beds, 1 Baths1BR,1BA$966
127 College Pl - Utilities Included1 Bedroom1BR,1BA$990

Best Value Apartments for Rent in Prospect Park, MI

As of April 26, 2026 the best value apartment in the Prospect Park area is the $1.03 price per square foot 110 Woodward St Model at 110 Woodward St, Unit Lower Level in the in the Blue Heron Pointe neighborhood starting from $1,950. The second greatest value Prospect Park apartment is the 3 Bedroom Model at Oakridge Apartments starting at $1,599 with a $1.25 price per square foot in the Prospect Pointe neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
110 Woodward St, Unit Lower Level110 Woodward St3BR,1BA$1.03
Oakridge Apartments3 Bedroom3BR,2BA$1.25
Cross Street VillageTwo Bedroom Apartment2BR,1BA$1.14
Peninsular Place2 Bed 2 Bath2BR,2BA$0.99
River Drive ApartmentsBirch with Balcony 2nd Floor2BR,1BA$1.40
River Street Apartments2 Bedroom2BR,1BA$1.44
127 College Pl - Utilities Included1 Bedroom1BR,1BA$1.32
Village Grove of Ypsilanti1 bedroom1BR,1BA$1.42
Harvey Place2 Bed 1 Bath Apt.2BR,1BA$1.37
Campbell ApartmentsCampbell Apartments NEW - 800-2...2BR,1BA$1.41

Frequently Asked Questions about Cheap Prospect Park Apartments

What is the Cheapest Studio apartment in Prospect Park?

Currently the most affordable Cheap Studio Apartment in Prospect Park is at River Street Apartments listed at $875.

How much is rent for a Cheap One Bedroom Prospect Park Apartment?

The lowest price for a Cheap One Bedroom Prospect Park Apartment is $745 at Harvey Place.

What is the lowest price for a Cheap Two Bedroom Prospect Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Prospect Park is starting from $945 at Harvey Place.

What is the most affordable Prospect Park Three Bedroom Apartment?

The best deal on a cheap Prospect Park Three Bedroom Apartment rental is at Cross Street Apartments (JAB Ypsi LLC) and starts from $1,350.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

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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

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