
Cheap Apartments for Rent in the Prospect Park Neighborhood of Ypsilanti, MI from $700 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Ypsilanti.


The Lake Shore Apartments

108 Washtenaw Ave

211 N Washington St

River Drive Apartments
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.

The Ranches Of Rosebrook

Covington Apartments

Village Grove of Ypsilanti
The Art of the Rental Viewing: What to look for during a property tour
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.

922 Holmes Apartments

Harris & Cross Apartments

Schooner Cove

1100 W Michigan Ave

Tower Apartments
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.

203 E Cross St, Unit Apt 2

Cross Street Village

Renaissance Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 | $922 | $800 | $1,039 |
Prospect Park 1 Bedroom Apartments | $1,111 | $775 | $1,430 |
Prospect Park 2 Bedroom Apartments | $1,328 | $925 | $1,765 |
Prospect Park 3 Bedroom Apartments | $1,663 | $1,300 | $1,879 |
Prospect Park 4 Bedroom Apartments | $2,233 | $2,233 | $2,233 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the Prospect Park Neighborhood of Ypsilanti, MI.
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Prospect Park, Ypsilanti, MI Local Guide
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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 Studio unit found at 211 N Washington St priced from $900. 108 Washtenaw Ave has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Prospect Park apartments for rent in Ypsilanti, MI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
211 N Washington St | Studio | Studio,1BA | $900 |
108 Washtenaw Ave | Studio | Studio,1BA | $900 |
Village Grove of Ypsilanti | 1 Bedroom | 1BR,1BA | $995 |
922 Holmes Apartments | 2 Bedroom | 2BR,1BA | $1,000 |
The Red Lion | GATED ONE BEDROOM | 1BR,1BA | $1,020 |
Country Meadows | 1 Bedroom, 1st Floor | 1BR,1BA | $1,049 |
The Ranches Of Rosebrook | Two Bedroom, One Bathroom (Renovated) | 2BR,1BA | $1,075 |
Huron Vista | One Bedroom | 1BR,1BA | $1,092 |
311 Jarvis Street | 1 Bedroom | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Prospect Park, MI
As of June 26, 2025 the best value apartment in the Prospect Park area is the $0.88 price per square foot One Bedroom Apartment Model at Cross Street Village in the in the Aspen Ridge Village neighborhood starting from $1,100. The second greatest value Prospect Park apartment is the Spacious 3bd Model at Oakridge Apartments starting at $1,699 with a $1.44 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Cross Street Village | One Bedroom Apartment | 1BR,1BA | $0.88 |
Oakridge Apartments | Spacious 3bd | 3BR,2BA | $1.44 |
Arbor Circle Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
River Drive Apartments | Birch with Balcony 2nd Floor | 2BR,1BA | $1.37 |
311 Jarvis Street | 1 Bedroom | 1BR,1BA | $1.41 |
922 Holmes Apartments | 2 Bedroom | 2BR,1BA | $1.32 |
Huron Heights/Huron Ridge | 1 Bed 1 Bath Flat | 1BR,1BA | $1.58 |
Renaissance Apartments | 1 bed | 1BR,1BA | $1.57 |
Village Grove of Ypsilanti | 2 bedroom | 2BR,1BA | $1.56 |
The Ranches Of Rosebrook | Two Bedroom, One Bathroom (Renovated) | 2BR,1BA | $1.65 |
Quick 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.
Pet Friendly LifestyleProspect Park, Ypsilanti, MI
Ranked #6
Among neighborhoods in Ypsilanti, MI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Getting Around the Prospect Park Neighborhood in Ypsilanti, MI
Walk Score®
62 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
51 / 100
Bikeable
Some bike infrastructure
Transit Score®
6 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 211 N Washington St which is listed at $975, while the average apartment in Prospect Park costs $3,534.
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 22 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 $760 which is $2,774 cheaper than the average rent for all rentals in Prospect Park.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.