
Cheap Apartments for Rent in the Prospect Park Neighborhood of Ypsilanti, MI from $695 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Ypsilanti.


Total Monthly Price
406 N Hamilton St, Unit 3

Harvey Place

Oakwood Park Apartments

The Lake Shore Apartments

River Street Apartments
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Arbor One Apartments

Total Monthly Price
Covington Apartments
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Browning Court Apartments

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922 Holmes Apartments
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Forest Court Apartments
Prospect Park, Ypsilanti, MI Local Guide

How much does it cost to rent an apartment in Prospect Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Park Studio Apartments | $977 | $750 | $1,757 |
| Prospect Park 1 Bedroom Apartments | $1,098 | $780 | $1,492 |
| Prospect Park 2 Bedroom Apartments | $1,319 | $950 | $1,790 |
| Prospect Park 3 Bedroom Apartments | $1,601 | $1,200 | $2,015 |
| Prospect Park 4 Bedroom Apartments | $695 | $695 | $695 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Prospect Park Neighborhood of Ypsilanti, MI.
See all Apartments in YpsilantiExplore Ypsilanti
Cheapest Available Prospect Park Apartments for Rent
 The cheapest available apartment rental in the Prospect Park area of Ypsilanti, MI is a 4 Beds unit found at 206 N. Normal priced from $695. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 206 N. Normal | Private Room in Apt 1 - BEAUTIFUL 4BD / 2BA - E... | 4BR,2BA | $695 |
| River Street Apartments | Studio | Studio,1BA | $875 |
| Campbell Apartments | Campbell Apartments NEW - 800-2... | 2BR,1BA | $950 |
| Arbor One Apartments | The Husky | 1BR,1BA | $960 |
| Harvey Place | 2 Bed 1 Bath Apt. | 2BR,1BA | $995 |
Best Value Apartments for Rent in Prospect Park, MI
As of September 09, 2026 the best value apartment in the Prospect Park area is the $1.08 price per square foot Two Bedroom Apartment Model at Cross Street Village in the in the Aspen Ridge Village neighborhood starting from $1,350. The second greatest value Prospect Park apartment is the 201 N Normal St Model at 201 N Normal St, Unit 201 North Normal St, Apt 3# starting at $1,450 with a $1.21 price per square foot in the Aspen Ridge Village neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cross Street Village | Two Bedroom Apartment | 2BR,1BA | $1.08 |
| 201 N Normal St, Unit 201 North Normal St, Apt 3# | 201 N Normal St | 3BR,1BA | $1.21 |
| Schooner Cove | The Belleville | 3BR,2BA | $1.18 |
| Eastern Lofts Apartment Homes | SPRUCE | 2BR,1.5BA | $1.02 |
| Arbor Circle Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.32 |
| 504 Saint Johns St | 2 bdrm | 2BR,1BA | $1.40 |
| Woodcreek Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.19 |
| River Drive Apartments | Birch with Balcony 2nd Floor | 2BR,1BA | $1.40 |
| Village Grove of Ypsilanti | 1 bedroom | 1BR,1BA | $1.42 |
| Campbell Apartments | Campbell Apartments NEW - 800-2... | 2BR,1BA | $1.41 |
Frequently Asked Questions about Cheap Prospect Park Apartments
What is the price of a cheap apartment in Prospect Park?
The cheapest apartment in Prospect Park is River Street Apartments which is listed at $900, while the average apartment in Prospect Park costs $1,202.
What types of apartments are the cheapest in Prospect Park?
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 38 regular apartments in Prospect Park 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 Prospect Park?
Cheap apartments in Prospect Park have an average cost of $622 which is $580 cheaper than the average rent for all rentals in Prospect Park.
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

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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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
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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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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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.