Cheap Homes for Rent in Ann Arbor, MI from $1,400 (45 Rentals)

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property at 1201 Joyce Ln

1201 Joyce Ln

Ann ArborMI48103
property at 1041 N Main St

1041 N Main St

Ann ArborMI48104
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Ann Arbor, MI Local Guide

Cheapest Neighborhoods for Apartments in Ann Arbor, MI

Pricing Updated: 04/13/2025

Current apartment rentals in the Ann Arbor, MI area range in price from $775 to $9,900 with an overall median price of $5,575. The three Ann Arbor neighborhoods with the lowest median rent pricing are Allen at $975, Northeast Ann Arbor at $1,049, and Woodhaven Hills 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$975217
Northeast Ann Arbor$1,974$1,049278
Woodhaven Hills$1,975$1,049303
Yost$2,000$1,12414
Huron Parkway$2,016$1,035263
Kerrytown$2,016$77599
Huron Hills Woodlands$2,074$1,049297
Carpenter$2,169$1,04982
Westover Hills$2,255$899105
Sister Lakes$2,259$899150

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 $949. 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$949
Camelot Apartments1BR/1BA Upgraded1BR,1BA$975
EvergreenAbbot1BR,1BA$1,049
South GroveA1BR,1BA$1,100
Nob Hill Apartments0B1BStudio,1BA$1,125
Golfside LakeHuron1BR,1BA$1,129
The VillasThe Archibald2BR,1BA$1,149
The Pines of Cloverlane ApartmentsEspresso1BR,1BA$1,190
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 April 14, 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
Legends Rosewood VillageAspen2BR,2BA$1.51
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 Brightmoor2BR,1BA$1.44
Camelot Apartments1BR/1BA Upgraded1BR,1BA$1.22
Escher - Intentional Community Living in A2Small Single1BR,1BA$1.40
Golfside LakeHuron1BR,1BA$1.61

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Frequently Asked Questions about Ann Arbor

What type of rentals are currently available in Ann Arbor?

There are currently 770 Apartments for Rent in Ann Arbor, MI with pricing that ranges from $775 to $9,900. There are also 129 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ann Arbor ranging from $1,400 to $9,393.

What is the current price range for Rental Homes in Ann Arbor?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Ann Arbor ranges from $1,400 to $9,393 with an average monthly rent of $4,387.

How much are larger Three and Four Bedroom Rentals in Ann Arbor?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Ann Arbor range from $1,320 to $4,630, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $5,395. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $999.

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.

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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.

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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.

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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.