Cheap Apartments for Rent in the Prospect Park Neighborhood of Ypsilanti, MI from $400 (22 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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River Rain Apartments
$992 - $1,217
Total Monthly Price

Total Monthly Price

Base Rent
$992 - $1,217
Total Monthly Price
$992 - $1,217
2 Bedroom Apartments Contact Us For Availability

River Rain Apartments

1110-1130 N Huron River DrYpsilanti, MI 48197
Student Housing
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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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922 Holmes Apartments
2 Bedroom Apartments

922 Holmes Apartments

922-948 Holmes RdYpsilanti, MI 48198
Student Housing

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Showing Results 1-22, 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 River Street Apartments priced from $875. Campbell Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable Prospect Park apartments for rent in Ypsilanti, MI:

Apartment ListingModel NameBed/BathPriced From
River Street ApartmentsStudioStudio,1BA$875
Campbell ApartmentsCampbell Apartments NEW - 800-2...2BR,1BA$950
Arbor One ApartmentsThe Bronco1BR,1BA$950
Village Grove of Ypsilanti1 bedroom1BR,1BA$995
Harvey Place2 Bed 1 Bath Apt.2BR,1BA$995

Best Value Apartments for Rent in Prospect Park, MI

As of July 26, 2026 the best value apartment in the Prospect Park area is the $1.25 price per square foot 3 Bed 2 Bath Townhome Model at Huron Heights/Huron Ridge in the in the Aspen Ridge Village neighborhood starting from $1,625. The second greatest value Prospect Park apartment is the Two Bedroom Apartment Model at Cross Street Village starting at $1,350 with a $1.08 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Huron Heights/Huron Ridge3 Bed 2 Bath Townhome3BR,2BA$1.25
Cross Street VillageTwo Bedroom Apartment2BR,1BA$1.08
Oakridge Apartments3 Bedroom3BR,2BA$1.40
Eastern Lofts Apartment HomesSPRUCE2BR,1.5BA$1.02
Arbor Circle Apartments2 Bedroom 1 Bath2BR,1BA$1.32
The Red LionGATED TWO BEDROOM WITH LAUNDRY2BR,1BA$1.39
Peninsular Place2 Bed 2 Bath2BR,2BA$0.99
River Drive ApartmentsBirch with Balcony 2nd Floor2BR,1BA$1.40
1043 Madison St, Unit Lower1043 Madison St1BR,1BA$1.41
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 $1,640.

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 47 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 $647 which is $993 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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Rent According to Income: A Look at Income-Restricted Rentals

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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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.