Cheap Apartments for Rent in the Prospect Park Neighborhood of Ypsilanti, MI from $400 (59 Rentals)

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

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130 College Pl, Unit 1
$450
Total Monthly Price

Total Monthly Price

Base Rent
$450
Total Monthly Price
$450
4 Bedroom Apartment Available Aug 29

130 College Pl, Unit 1

130 College PlYpsilanti, MI 48197
Cost Per Sq.Ft.

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504 Saint Johns St
$1,045 - $1,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,045 - $1,295
Total Monthly Price
$1,045 - $1,295
Studio to 2 Bedroom Apartments Available Aug 1

504 Saint Johns St

504 Saint JohnYpsilanti, MI 48197
Affordability
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  • Customer Reviewed
  • Utilities Included
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1100 W Michigan Ave
$1,095 - $1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,095 - $1,250
Total Monthly Price
$1,095 - $1,250
1 to 2 Bedroom Apartments Available Now

1100 W Michigan Ave

1100 W Michigan AveYpsilanti, MI 48197
Affordability
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  • Utilities Included

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406 N Hamilton St, Unit 4
$1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100
Studio Apartment Available Now

406 N Hamilton St, Unit 4

406 N Hamilton StYpsilanti, MI 48197
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Covington Apartments
$1,110 - $1,660
Total Monthly Price

Total Monthly Price

Base Rent
$1,110 - $1,660
Total Monthly Price
$1,110 - $1,660
1 to 3 Bedroom Apartments Available Now

Covington Apartments

1926 Washtenaw AveYpsilanti, MI 48197
Pet Friendly
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  • Utilities Included
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The Ranches Of Rosebrook
Rent Specials
$1,115 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$1,115 - $1,150
Total Monthly Price
$1,115 - $1,150
2 Bedroom Apartments Available Now

The Ranches Of Rosebrook

204 S Harris StYpsilanti, MI 48198
Student Housing
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  • Customer Reviewed
  • Utilities Included
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1305 S Congress St
Rent Specials
$1,162 - $1,237
Total Monthly Price

Total Monthly Price

Base Rent
$1,162 - $1,237
Total Monthly Price
$1,162 - $1,237
Studio to 3 Bedroom Apartments Available Now

1305 S Congress St

1305 S Congress StYpsilanti, MI 48197
Student Housing
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  • Customer Reviewed
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802 Lowell St, Unit #2
$1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250
2 Bedroom Apartment Available Now

802 Lowell St, Unit #2

802 Lowell StYpsilanti, MI 48197
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Oakridge Apartments
Rent Specials
$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
Student Housing
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  • Customer Reviewed
  • Utilities Included

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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 Now

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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Showing Results 1-50, Page 1 of 2

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 River Street Apartments priced from $875. Renaissance Apartments 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 ListingModel NameBed/BathPriced From
River Street ApartmentsStudioStudio,1BA$875
Renaissance ApartmentsStudioStudio,1BA$900
Harvey Place2 Bed 1 Bath Apt.2BR,1BA$945
Arbor One ApartmentsThe Bronco1BR,1BA$950
Campbell ApartmentsCampbell Apartments NEW - 800-2...2BR,1BA$950
Mabro Manor1 Beds, 1 Baths1BR,1BA$966
127 College Pl - Utilities Included1 Bedroom1BR,1BA$990
Village Grove of Ypsilanti1 bedroom1BR,1BA$995
Schooner CoveThe Brantley1BR,1BA$1,049
River Drive ApartmentsMaple Garden Level1BR,1BA$1,095

Best Value Apartments for Rent in Prospect Park, MI

As of June 11, 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$1.08
Schooner CoveThe Belleville3BR,2BA$1.39
Peninsular Place2 Bed 2 Bath2BR,2BA$0.99
River Drive ApartmentsBirch with Balcony 2nd Floor2BR,1BA$1.40
802 Lowell St, Unit #2802 Lowell St2BR,1BA$1.41
127 College Pl - Utilities Included1 Bedroom1BR,1BA$1.32
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 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 $1,649.

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 65 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 $674 which is $975 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

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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.

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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.

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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.

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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.