Cheap Homes for Rent in Prospect Park Neighborhood of Ypsilanti, MI from $1,400 (5 Rentals)

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Search the lowest-cost Homes available for rent right now in the Prospect Park area of Ypsilanti.

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.

property at 209 N Prospect Rd

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475

Total Monthly Price
$1,475

2 Bedroom, 1.5 Bath Townhome for Rent

Available May 1

209 N Prospect Rd

YpsilantiMI48198

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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.

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 Harvey Place priced from $745. River Street Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Prospect Park apartments for rent in Ypsilanti, MI:

Apartment ListingModel NameBed/BathPriced From
Harvey Place1 Bed 1 Bath Apt.1BR,1BA$745
River Street ApartmentsStudioStudio,1BA$875
Country Meadows1 Bedroom1BR,1BA$899

Best Value Apartments for Rent in Prospect Park, MI

As of April 12, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
110 Woodward St, Unit Lower Level110 Woodward St3BR,1BA$1.03
Oakridge Apartments3 Bedroom3BR,2BA$1.25
Cross Street VillageTwo Bedroom Apartment2BR,1BA$1.14
Harris Park3 Bed 2 Bath Condo3BR,2BA$1.40
Peninsular Place2 Bed 2 Bath2BR,2BA$0.99
River Drive ApartmentsBirch with Balcony 2nd Floor2BR,1BA$1.40
Arbor Circle Apartments1 Bedroom 1 Bath1BR,1BA$1.30
127 College Pl - Utilities Included1 Bedroom1BR,1BA$1.32
Harvey Place2 Bed 1 Bath Apt.2BR,1BA$1.37
Campbell ApartmentsCampbell 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 73 Apartments for Rent in Prospect Park, MI with pricing that ranges from $675 to $2,149. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $1,475 to $1,625.

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 $1,475 to $1,625 with an average monthly rent of $1,533.

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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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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.

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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.