Cheap Apartments for Rent in Ann Arbor, MI from $400 (125 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Ann Arbor.

property at 1546 Jones Dr

1546 Jones Dr

Ann ArborMI48105
property at 1556 Jones

1556 Jones

Ann ArborMI48105
property at 785 N Maple Rd

785 N Maple Rd

Ann ArborMI48103
Showing Results 1-50, Page 1 of 3

Ann Arbor, MI Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Ann Arbor, MI

Pricing Updated: 04/06/2025

Current apartment rentals in the Ann Arbor, MI area range in price from $775 to $9,900 with an overall median price of $5,748. The three Ann Arbor neighborhoods with the lowest median rent pricing are Allen at $975, Woodhaven Hills at $1,049, and Northeast Ann Arbor at $1,049. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Ann Arbor Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Allen$1,962$975198
Woodhaven Hills$1,962$1,049286
Northeast Ann Arbor$1,991$1,049266
Huron Parkway$2,016$1,035267
Kerrytown$2,070$775103
Huron Hills Woodlands$2,111$1,049279
Sister Lakes$2,255$899160
Westover Hills$2,255$899112
Carpenter$2,329$1,04964
Burns Park$2,660$1,150101

Cheapest Available Ann Arbor Apartments for Rent

 

The cheapest available apartment rental in Ann Arbor, MI is a 1 Bed unit found at Aspen Chase in the Aspen Ridge Village neighborhood priced from $919. Camelot Apartments in the Aspen Ridge Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Ann Arbor apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Aspen ChaseAlgonac1BR,1BA$919
Camelot Apartments1BR/1BA Upgraded1BR,1BA$975
EvergreenAbbot1BR,1BA$1,049
South GroveA1BR,1BA$1,100
Saga Ann ArborD24BR,3BA$1,124
Nob Hill Apartments0B1BStudio,1BA$1,125
Golfside LakeHuron1BR,1BA$1,149
The Pines of Cloverlane ApartmentsMocha1BR,1BA$1,171
Manchester FlatsThe Burlington1BR,1BA$1,179
The VillasThe Cole2BR,1BA$1,199

Best Value Apartments for Rent in Ann Arbor, MI

As of April 06, 2025 the best value apartment in the Ann Arbor area is the $0.75 price per square foot D2 Model at Saga Ann Arbor in the in the Chapel Hill neighborhood starting from $1,124. The second greatest value Ann Arbor apartment is the C1 Model at Blue Heron Pointe starting at $2,329 with a $1.61 price per square foot in the Wellesley Gardens neighborhood. Here is today’s list of the best values for Ann Arbor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Saga Ann ArborD24BR,3BA$0.75
Blue Heron PointeC13BR,2.5BA$1.61
Cambridge ClubHarvard2BR,2BA$1.65
Lakestone Apartments2 Bedroom 1 Bath2BR,1BA$1.22
IvanhoeSpacious 2 Bed / 1.5 Bath, Hardwood Floors, Bal...2BR,1.5BA$1.55
Brown Street Apartments2-Bedroom2BR,1BA$1.33
The VillasThe Archibald2BR,1BA$1.43
Camelot Apartments1BR/1BA Upgraded1BR,1BA$1.22
Escher - Intentional Community Living in A2Small Single1BR,1BA$1.40
Golfside LakeHuron1BR,1BA$1.64

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Ann Arbor Overview

Ann Arbor is the county seat of Washtenaw County and one of the largest cities in Michigan. According to the census done in 2015, the estimated population of persons living there is 117,070. Ann Arbor boasts of best public schools, research institutions and recreational parks among others. With the great research institutions present, it is a great place to live in, study and work.

Why live in Ann Arbor, MI?

" Ann Arbor is a great place to find an apartment for living. This is because there are many recreational parks, good transportation systems, reliable climate and also good universities as well as research facilities. There are numerous employment opportunities since major companies have been set up as a result of research facilities present. The city is known to have a large number of educated people and therefore technology as well as exposure to great innovations is high. The apartments in the An Arbor area are also relatively fairly priced and hence affordable."

Pet Friendly Lifestyle
Ann Arbor, MI

Ranked #18

Among cities in Michigan for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Ann Arbor, MI

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Ann Arbor, MI Rentals by Map

Decorative image of map

See the most popular apartments and homes in Ann Arbor, MI

View MapAnn Arbor, MI Apartments MapView MapAnn Arbor, MI Rental Homes Map

Getting Around Ann Arbor, MI

Walk Score®

60 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

68 / 100

Bikeable

Some bike infrastructure

Transit Score®

36 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Ann Arbor Apartments

What is a cheap apartment in Ann Arbor?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ann Arbor is under $1,199.

What is the price of a cheap apartment in Ann Arbor?

The cheapest apartment in Ann Arbor is Aspen Chase which is listed at $919, while the average apartment in Ann Arbor costs $5,748.

What types of apartments are the cheapest in Ann Arbor?

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 3,905 regular apartments in Ann Arbor 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 Ann Arbor?

Cheap apartments in Ann Arbor have an average cost of $803 which is $4,945 cheaper than the average rent for all rentals in Ann Arbor.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.