526 S 5th Ave
Ann ArborMI48104
Cheap Apartments for Rent in the Downtown Ann Arbor Neighborhood of Ann Arbor, MI from $700 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Ann Arbor area of Ann Arbor.
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Rent Specials
from $1,1501 to 2 Bedroom Apartments Contact Us For Availability
Courthouse Square - A 55+ Community
100 S 4th AveAnn Arbor, MI 48104
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Rent Specials
from $1,3321 to 3 Bedroom Apartments Available Now
Ann Arbor Woods
2167 Medford RdAnn Arbor, MI 48104
528 S 5th Ave
Ann ArborMI48104
322 S Division St
Ann ArborMI48104
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from $1,450Studio to 1 Bedroom Apartments Available Aug 22
323 Packard St
323 Packard StAnn Arbor, MI 48104
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from $1,455Studio to 5 Bedroom Apartments Available Aug 7
VERVE Ann Arbor
721 S Forest AveAnn Arbor, MI 48104
120 N Division St
Ann ArborMI48104
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from $1,480Studio to 1 Bedroom Apartments Available Jul 7
Forest Plaza Apartments
715 S Forest AveAnn Arbor, MI 48104
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Showing Results 1-26, Page 1 of 1
Downtown Ann Arbor, Ann Arbor, MI Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Downtown Ann Arbor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Ann Arbor Studio Apartments | $1,979 | $1,400 | $2,990 |
| Downtown Ann Arbor 1 Bedroom Apartments | $2,179 | $1,000 | $3,950 |
| Downtown Ann Arbor 2 Bedroom Apartments | $2,448 | $1,250 | $4,995 |
| Downtown Ann Arbor 3 Bedroom Apartments | $2,100 | $1,320 | $4,145 |
| Downtown Ann Arbor 4 Bedroom Apartments | $1,572 | $999 | $2,099 |
| Downtown Ann Arbor 5 Bedroom Apartments | $1,756 | $899 | $7,350 |
| Downtown Ann Arbor 6 Bedroom Apartments | $4,205 | $1,559 | $8,289 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Downtown Ann Arbor Neighborhood of Ann Arbor, MI.
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Cheapest Available Downtown Ann Arbor Apartments for Rent
The cheapest available apartment rental in the Downtown Ann Arbor area of Ann Arbor, MI is a 4 Beds unit found at Saga Ann Arbor priced from $1,124. Ann Arbor Woods has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,508. Here are the most affordable Downtown Ann Arbor apartments for rent in Ann Arbor, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Saga Ann Arbor | D2 | 4BR,3BA | $1,124 |
| Ann Arbor Woods | One Bedroom One Bath | 1BR,1BA | $1,508 |
| Briar Cove Apartments | Blue Ribbon | 1BR,1BA | $1,535 |
| 307 Thompson | 0B1B | Studio,1BA | $1,599 |
| Landmark | 4X2C | 4BR,2BA | $1,625 |
| 400 Maynard | Studio | Studio,1BA | $1,950 |
| 618 South Main Apartments | Studio 1 Bath 555 sq. ft. | Studio,1BA | $1,950 |
| Ponds at Georgetown Apartments | Sheldrake | 2BR,2BA | $1,995 |
| The George | 1D | 1BR,1BA | $2,035 |
| Ann Arbor City Club | Plan V1 | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Downtown Ann Arbor, MI
As of April 11, 2025 the best value apartment in the Downtown 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 Downtown Ann Arbor apartment is the The Charlotte Loft Model at Uptown Ann Arbor starting at $3,450 with a $2.39 price per square foot in the Old West Side neighborhood. Here is today’s list of the best values for Downtown Ann Arbor apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Saga Ann Arbor | D2 | 4BR,3BA | $0.75 |
| Uptown Ann Arbor | The Charlotte Loft | 2BR,2BA | $2.39 |
| Centerra Pointe | 2 Bed- Downstairs | 2BR,2BA | $1.91 |
| Ponds at Georgetown Apartments | Sandpiper | 3BR,2BA | $2.15 |
| Owl Creek | Willow | 3BR,2BA | $1.90 |
| Landmark | 2X1 | 2BR,1BA | $2.44 |
| Briar Cove Apartments | Blue Ribbon | 1BR,1BA | $2.05 |
| The George | 1M | 1BR,1BA | $2.79 |
| Ann Arbor City Club | Plan A | 1BR,1BA | $3.49 |
| Ann Arbor Woods | Two Bedroom One Bath | 2BR,1BA | $2.34 |
Getting Around the Downtown Ann Arbor Neighborhood in Ann Arbor, MI
Walk Score®
98 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
90 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
73 / 100
Excellent Transit
Transit is convenient for most trips
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 Downtown Ann Arbor Apartments
What is a cheap apartment in Downtown Ann Arbor?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Ann Arbor is under $2,100.
What is the price of a cheap apartment in Downtown Ann Arbor?
The cheapest apartment in Downtown Ann Arbor is Ann Arbor Woods which is listed at $1,508, while the average apartment in Downtown Ann Arbor costs $2,355.
What types of apartments are the cheapest in Downtown 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 112 regular apartments in Downtown 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 Downtown Ann Arbor?
Cheap apartments in Downtown Ann Arbor have an average cost of $957 which is $1,398 cheaper than the average rent for all rentals in Downtown 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.
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.
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.
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.
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.