
Cheap Apartments for Rent in the Prospect Park Neighborhood of Ypsilanti, MI from $700 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Ypsilanti.


Oakwood Park Apartments

Campbell Apartments

The Lake Shore Apartments

River Street Apartments

Country Meadows

715 Washtenaw Road

404 Forest
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.

Renaissance Apartments

The Ranches Of Rosebrook

River Drive Apartments

Covington Apartments

The Red Lion

Village Grove of Ypsilanti

Tower Apartments

Harris & Cross Apartments
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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.

Laurel Bay

321 E Cross St

1100 W Michigan Ave

Cross Street Apartments (JAB Ypsi LLC)

Total Monthly Price
1305 S Congress St

Cross Street Village

North Rosewood

Browning Court Apartments
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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.

North Redwood

108 Washtenaw Ave

211 N Washington St

815-829 E George Pl

922 Holmes Apartments

Mabro Manor

Forest Court Apartments

Woodcreek 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.
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 | $956 | $840 | $1,500 |
| Prospect Park 1 Bedroom Apartments | $1,090 | $775 | $1,347 |
| Prospect Park 2 Bedroom Apartments | $1,335 | $900 | $2,259 |
| Prospect Park 3 Bedroom Apartments | $1,638 | $1,350 | $2,100 |
| Prospect Park 4 Bedroom Apartments | $2,095 | $1,995 | $2,195 |
Browse Apartments in this Neighborhood
There are currently 32 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 1 Bed unit found at Campbell Apartments priced from $820. 108 Washtenaw Ave has the second lowest priced unit, which is a Studio apartment currently listed from $840. Here are the most affordable Prospect Park apartments for rent in Ypsilanti, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Campbell Apartments | Campbell Apartments NEW - 736-5 | 1BR,1BA | $820 |
| 108 Washtenaw Ave | Studio | Studio,1BA | $840 |
| River Street Apartments | Studio | Studio,1BA | $875 |
| Country Meadows | 1 Bedroom | 1BR,1BA | $899 |
| Renaissance Apartments | Studio | Studio,1BA | $900 |
| 715 Washtenaw Road | Studio | Studio,1BA | $900 |
| Covington Apartments | One Bedroom | 1BR,1BA | $960 |
| Mabro Manor | 1 Beds, 1 Baths | 1BR,1BA | $966 |
| River Drive Apartments | Appleblossom 2nd Floor | 1BR,1BA | $980 |
| Village Grove of Ypsilanti | 1 bedroom | 1BR,1BA | $995 |
Best Value Apartments for Rent in Prospect Park, MI
As of March 11, 2026 the best value apartment in the Prospect Park area is the $1.11 price per square foot 110 Woodward St Model at 110 Woodward St, Unit Lower Level in the in the Aspen Ridge Village neighborhood starting from $2,100. The second greatest value Prospect Park apartment is the 3 Bed 2 Bath Townhome Model at Huron Heights/Huron Ridge starting at $1,684 with a $1.30 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. |
|---|---|---|---|
| 110 Woodward St, Unit Lower Level | 110 Woodward St | 3BR,1BA | $1.11 |
| Huron Heights/Huron Ridge | 3 Bed 2 Bath Townhome | 3BR,2BA | $1.30 |
| Oakridge Apartments | 3 Bedroom | 3BR,2BA | $1.17 |
| Cross Street Village | Two Bedroom Apartment | 2BR,1BA | $1.14 |
| Peninsular Place | 3 Bed 3 Bath | 3BR,3BA | $0.55 |
| Eastern Lofts Apartment Homes | CALLERY | 2BR,1.5BA | $1.15 |
| 311 Jarvis Street | 2 Bedroom | 2BR,1BA | $1.30 |
| Harris Park | 3 Bed 2 Bath Condo | 3BR,2BA | $1.40 |
| Residences at Huron Senior Community (55+) | The Nest | 2BR,2BA | $1.43 |
| River Street Apartments | 2 Bedroom | 2BR,1BA | $1.44 |
Frequently Asked Questions about Cheap Prospect Park Apartments
What is a cheap apartment in Prospect Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Prospect Park is under $995.
What is the price of a cheap apartment in Prospect Park?
The cheapest apartment in Prospect Park is Campbell Apartments which is listed at $820, while the average apartment in Prospect Park costs $2,095.
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 44 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 $564 which is $1,531 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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.