1176 Hawthorne Ave
YpsilantiMI48198
Cheap Homes for Rent in Prospect Park Neighborhood of Ypsilanti, MI from $1,400 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Prospect Park area of Ypsilanti.
209 N Prospect Rd
YpsilantiMI48198
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
633 Bagley Ave
YpsilantiMI48198
704 Virginia Pl
YpsilantiMI48198
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.
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Prospect Park, Ypsilanti, MI Local Guide
How much does it cost to rent a home in Prospect Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Park 2 Bedroom Homes for Rent | $1,437 | $1,400 | $1,475 |
| Prospect Park 3 Bedroom Homes for Rent | $2,000 | $1,900 | $2,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Prospect Park Neighborhood of Ypsilanti, MI.
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 110 Woodward St, Unit Lower Level | 110 Woodward St | 3BR,1BA | $1.03 |
| Oakridge Apartments | 3 Bedroom | 3BR,2BA | $1.25 |
| Cross Street Village | Two Bedroom Apartment | 2BR,1BA | $1.08 |
| Schooner Cove | The Belleville | 3BR,2BA | $1.39 |
| Peninsular Place | 2 Bed 2 Bath | 2BR,2BA | $0.99 |
| River Drive Apartments | Birch with Balcony 2nd Floor | 2BR,1BA | $1.40 |
| 802 Lowell St, Unit #2 | 802 Lowell St | 2BR,1BA | $1.41 |
| 127 College Pl - Utilities Included | 1 Bedroom | 1BR,1BA | $1.32 |
| Harvey Place | 2 Bed 1 Bath Apt. | 2BR,1BA | $1.37 |
| Campbell Apartments | Campbell Apartments NEW - 800-2... | 2BR,1BA | $1.41 |
Frequently Asked Questions about Prospect Park
What type of rentals are currently available in Prospect Park?
There are currently 76 Apartments for Rent in Prospect Park, MI with pricing that ranges from $450 to $2,649. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $1,400 to $2,100.
What is the current price range for Rental Homes in Prospect Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect Park ranges from $1,400 to $2,100 with an average monthly rent of $1,718.
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
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.
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.
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.
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.