Cheap Apartments for Rent in the Prospect Park Neighborhood of Ypsilanti, MI from $800 (37 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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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
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Mabro Manor
1 to 2 Bedroom Apartments

Mabro Manor

519 N Harris RdYpsilanti, MI 48198

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Woodcreek Apartments
2 Bedroom Apartments

Woodcreek Apartments

772 Woodcreek CtYpsilanti, MI 48198
  • Utilities Included
Showing Results 1-37, Page 1 of 1

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 $840. 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 ListingModel NameBed/BathPriced From
211 N Washington StStudioStudio,1BA$840
108 Washtenaw AveStudioStudio,1BA$840
Campbell ApartmentsCampbell Apartments NEW - 736-51BR,1BA$850
Huron VistaOne Bedroom1BR,1BA$875
Country Meadows1 Bedroom, 3rd Floor1BR,1BA$899
River Street Apartments1 Bedroom1BR,1BA$900
Renaissance ApartmentsStudioStudio,1BA$900
922 Holmes Apartments2 Bedroom2BR,1BA$900
Mabro Manor1 Beds, 1 Baths1BR,1BA$966
127 College Pl - Utilities Included1 Bedroom1BR,1BA$980

Best Value Apartments for Rent in Prospect Park, MI

As of January 03, 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 Bedroom Model at Oakridge Apartments starting at $1,349 with a $1.06 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$1.11
Oakridge Apartments3 Bedroom3BR,2BA$1.06
Cross Street VillageOne Bedroom Apartment1BR,1BA$0.88
Eastern Lofts Apartment HomesCALLERY2BR,1.5BA$1.10
The Lake Shore ApartmentsUltimate Bacall2BR,2BA$1.32
Harris Park3 Bed 2 Bath Condo3BR,2BA$1.40
River Drive ApartmentsBirch with Balcony 2nd Floor2BR,1BA$1.40
Arbor Circle Apartments1 Bedroom 1 Bath1BR,1BA$1.36
922 Holmes Apartments2 Bedroom2BR,1BA$1.18
127 College Pl - Utilities Included1 Bedroom1BR,1BA$1.31

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 $980.

What is the price of a cheap apartment in Prospect Park?

The cheapest apartment in Prospect Park is Campbell Apartments which is listed at $850, while the average apartment in Prospect Park costs $1,597.

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 50 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 $519 which is $1,078 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 to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

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Renting with Roommates: Realistic Expectations for Shared Lease

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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.

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Apartment Common Area Rules: What Renters Need to Know

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!