Cheap Apartments for Rent in Ann Arbor, MI from $400 (119 Rentals)

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

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1544 Jones Dr
$1,0751 Bedroom, 1 Bath RentalsAvailable Jun 14

1544 Jones Dr

Ann Arbor, MI 48105
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901 Oakland Ave
$1,270Studio, 1 Bath RentalsAvailable Now

901 Oakland Ave

Ann Arbor, MI 48104
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703 S Forest Ave
$1,3201 Bedroom, 1 Bath RentalsAvailable Aug 1

703 S Forest Ave

Ann Arbor, MI 48104
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226 Packard St
$1,325Studio, 1 Bath RentalsAvailable Aug 14

226 Packard St

Ann Arbor, MI 48104
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785 N Maple Rd
$1,3501 Bedroom, 1 Bath RentalsAvailable Jun 14

785 N Maple Rd

Ann Arbor, MI 48103
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322 S Division St
$1,4251 Bedroom, 1 Bath RentalsAvailable Now

322 S Division St

Ann Arbor, MI 48104
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812 Mary St
$1,4501 Bedroom, 1 Bath RentalsAvailable Now

812 Mary St

Ann Arbor, MI 48104
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Ann Arbor, MI Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Ann Arbor, MI

Pricing Updated: 02/26/2025

Current apartment rentals in the Ann Arbor, MI area range in price from $890 to $11,000 with an overall median price of $7,987. The three Ann Arbor neighborhoods with the lowest median rent pricing are Allen at $975, Westover Hills at $899, and Carpenter at $1,150. 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$2,016$9754634
Westover Hills$2,325$8994119
Carpenter$2,379$1,1501440
Bryant$2,520$1,1503395
West Ann Arbor$2,687$1,0359115
Sister Lakes$2,690$8999212
Liberty Glen$2,799$1,0358439
Bryant Pattengill West$2,899$1,2003898
Abbot$3,025$8998247
Haisley$3,025$8998247

Cheapest Available Ann Arbor Apartments for Rent

 

The cheapest available apartment rental in Ann Arbor, MI is a 1 Bed unit found at Camelot Apartments in the Aspen Ridge Village neighborhood priced from $975. Aspen Chase in the Aspen Ridge Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $979. Here is today’s list of the most affordable Ann Arbor apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Camelot Apartments1BR/1BA Upgraded1BR,1BA$975
Aspen ChaseAlgonac1BR,1BA$979
EvergreenCarpenter1BR,1BA$1,029
South GroveA1BR,1BA$1,050
NOB HILL APARTMENTS0B1BStudio,1BA$1,125
The VillasThe Archibald2BR,1BA$1,149
The Pines of Cloverlane ApartmentsKenya2BR,1BA$1,155
Brown Street Apartments2-Bedroom2BR,1BA$1,200
Lakestone Apartments2 Bedroom 1 Bath2BR,1BA$1,212

Best Value Apartments for Rent in Ann Arbor, MI

As of February 26, 2025 the best value apartment in the Ann Arbor area is the $1.45 price per square foot Aspen Model at Legends Rosewood Village in the in the Wellesley Gardens neighborhood starting from $1,727. The second greatest value Ann Arbor apartment is the Superior Model at Golfside Lake starting at $1,699 with a $1.56 price per square foot in the Aspen Ridge Village 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.
Legends Rosewood VillageAspen2BR,2BA$1.45
Golfside LakeSuperior2BR,1.5BA$1.56
SAGA AnnArbor4 Bed 2 Bath4BR,2BA$1.23
Lakestone Apartments2 Bedroom 1 Bath2BR,1BA$1.22
Brown Street Apartments2-Bedroom2BR,1BA$1.33
GreenBrier2 Bedroom - 887 Sqft2BR,1BA$1.60
The VillasThe Archibald2BR,1BA$1.34
Camelot Apartments1BR/1BA Upgraded1BR,1BA$1.22
Escher - Intentional Community Living in A2Small Single1BR,1BA$1.40
EvergreenCarpenter1BR,1BA$1.59

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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 #12

Among cities in Michigan for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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

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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 the Cheapest Studio apartment in Ann Arbor?

Currently the most affordable Cheap Studio Apartment in Ann Arbor is at NOB HILL APARTMENTS listed at $1,125.

How much is rent for a Cheap One Bedroom Ann Arbor Apartment?

The lowest price for a Cheap One Bedroom Ann Arbor Apartment is $975 at Camelot Apartments.

What is the lowest price for a Cheap Two Bedroom Ann Arbor Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Ann Arbor is starting from $1,149 at The Villas.

What is the most affordable Ann Arbor Three Bedroom Apartment?

The best deal on a cheap Ann Arbor Three Bedroom Apartment rental is at Spice Tree and starts from $1,680.

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.

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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.

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What to Know About Fees and Fines When Renting

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When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

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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.

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Signing Your Apartment Lease: The Basics

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When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.