
Cheap Homes for Rent in Prospect Park Neighborhood of Ypsilanti, MI from $1,300 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Prospect Park area of Ypsilanti.


12-24 N Huron St
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.

821 Stanley St

209 Oak St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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.
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 | $1,350 | $1,350 | $1,350 |
| Prospect Park 3 Bedroom Homes for Rent | $2,100 | $2,000 | $2,200 |
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.
Explore Ypsilanti
Best Value Apartments for Rent in Prospect Park, MI
As of January 18, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 110 Woodward St, Unit Lower Level | 110 Woodward St | 3BR,1BA | $1.11 |
| Oakridge Apartments | 3 Bedroom | 3BR,2BA | $1.06 |
| Cross Street Village | Two Bedroom Apartment | 2BR,1BA | $1.28 |
| Eastern Lofts Apartment Homes | CALLERY | 2BR,1.5BA | $1.10 |
| The Lake Shore Apartments | Ultimate Bacall | 2BR,2BA | $1.32 |
| Harris Park | 3 Bed 2 Bath Condo | 3BR,2BA | $1.40 |
| River Drive Apartments | Birch with Balcony 2nd Floor | 2BR,1BA | $1.40 |
| Arbor Circle Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.36 |
| 922 Holmes Apartments | 2 Bedroom | 2BR,1BA | $1.18 |
| 127 College Pl - Utilities Included | 1 Bedroom | 1BR,1BA | $1.31 |
Frequently Asked Questions about Prospect Park
What type of rentals are currently available in Prospect Park?
There are currently 64 Apartments for Rent in Prospect Park, MI with pricing that ranges from $805 to $2,299. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $1,350 to $2,200.
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 $1,350 to $2,200 with an average monthly rent of $1,725.
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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!