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

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1041 N Main St

1041 N Main St

Ann ArborMI48104
Showing Results 1-45, Page 1 of 1

Ann Arbor, MI Local Guide

Cheapest Neighborhoods for Apartments in Ann Arbor, MI

Pricing Updated: 03/26/2025

Current apartment rentals in the Ann Arbor, MI area range in price from $1,400 to $9,393 with an overall median price of $6,092. The three Ann Arbor neighborhoods with the lowest median rent pricing are Dicken at $1,730, Bryant at $1,500, and South Area at $1,865. 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
Dicken$2,600$1,730307
Bryant$3,100$1,500318
South Area$3,100$1,86589
Carpenter$3,350$1,500273
South Main$3,500$2,40076
Bryant Pattengill West$3,600$1,580194
Old West Side$3,800$1,800104
West Ann Arbor$3,800$1,700605
Abbot$3,950$1,730561
Glazier Way$3,950$1,900107

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 $899. 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$899
Camelot Apartments1BR/1BA Upgraded1BR,1BA$975
EvergreenBelmont1BR,1BA$1,049
The Pines of Cloverlane ApartmentsCaribou1BR,1BA$1,098
Nob Hill Apartments0B1BStudio,1BA$1,125
South GroveA1BR,1BA$1,130
Manchester FlatsThe Burlington1BR,1BA$1,179
The VillasThe Brightmoor2BR,1BA$1,179
Golfside LakeHuron1BR,1BA$1,189

Best Value Apartments for Rent in Ann Arbor, MI

As of March 27, 2025 the best value apartment in the Ann Arbor area is the $1.61 price per square foot C1 Model at Blue Heron Pointe in the in the Wellesley Gardens neighborhood starting from $2,329. The second greatest value Ann Arbor apartment is the The Starling Model at Meadowbrook Village starting at $1,799 with a $1.64 price per square foot in the Bryant Pattengill West 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.
Blue Heron PointeC13BR,2.5BA$1.61
Meadowbrook VillageThe Starling2BR,2BA$1.64
Cambridge ClubHarvard2BR,2BA$1.65
Lakestone Apartments2 Bedroom 1 Bath2BR,1BA$1.22
Brown Street Apartments2-Bedroom2BR,1BA$1.33
Arbor LandingsHolly1BR,1BA$1.67
The VillasThe Brightmoor2BR,1BA$1.34
Camelot Apartments1BR/1BA Upgraded1BR,1BA$1.22
Escher - Intentional Community Living in A2Small Single1BR,1BA$1.40
Aspen ChaseAlpena2BR,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

Frequently Asked Questions about Ann Arbor

What type of rentals are currently available in Ann Arbor?

There are currently 769 Apartments for Rent in Ann Arbor, MI with pricing that ranges from $775 to $9,900. There are also 138 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 $4,244.

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 $4,345, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $5,395. Four Bedroom Single-Family rentals are also available starting from $2,200 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.

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.