
Cheap Apartments for Rent in the North Central Ann Arbor Neighborhood of Ann Arbor, MI from $400 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Central Ann Arbor area of Ann Arbor.


537 Elizabeth St, Unit 2

1544 Jones Dr

1550 Jones Dr

1548 Jones Dr

1546 Jones Dr

400 Maynard

1554 Jones Dr

Courthouse Square - A 55+ Community

1556 Jones
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Island Drive

807 W Madison St

528 S 5th Ave

215 N Division St, Unit 3

501 N 5th Ave, Unit 3

323 Packard St

806 Miller Ave, Unit 806 Miller

Forest Plaza Apartments
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North Central Ann Arbor, Ann Arbor, MI Local Guide

How much does it cost to rent an apartment in North Central Ann Arbor?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
North Central Ann Arbor Studio Apartments | $1,943 | $1,395 | $3,100 |
North Central Ann Arbor 1 Bedroom Apartments | $2,213 | $1,075 | $3,950 |
North Central Ann Arbor 2 Bedroom Apartments | $2,682 | $1,250 | $4,995 |
North Central Ann Arbor 3 Bedroom Apartments | $1,972 | $889 | $3,995 |
North Central Ann Arbor 4 Bedroom Apartments | $1,691 | $1,124 | $4,600 |
North Central Ann Arbor 5 Bedroom Apartments | $2,138 | $1,509 | $7,350 |
North Central Ann Arbor 6 Bedroom Apartments | $4,466 | $699 | $7,500 |
Browse Apartments in this Neighborhood
There are currently 54 rentals with your search options within a 1 mile radius of the North Central Ann Arbor Neighborhood of Ann Arbor, MI.
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North Central Ann Arbor, Ann Arbor, MI Local Guide
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Cheapest Available North Central Ann Arbor Apartments for Rent
 The cheapest available apartment rental in the North Central Ann Arbor area of Ann Arbor, MI is a Studio unit found at 400 Maynard priced from $1,114. Island Drive has the second lowest priced unit, which is a Studio apartment currently listed from $1,395. Here are the most affordable North Central Ann Arbor apartments for rent in Ann Arbor, MI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
400 Maynard | Studio | Studio,1BA | $1,114 |
Island Drive | Efficiency Phase 2 | Studio,1BA | $1,395 |
520 N Ashley St | One Bedroom Flat | 1BR,1BA | $1,495 |
Landmark | 4X2C | 4BR,2BA | $1,499 |
307 Thompson | 0B1B | Studio,1BA | $1,599 |
807 W Madison St | 2 Bedroom | 2BR,1BA | $1,695 |
323 Packard St | 1 Bedroom | 1BR,1BA | $1,700 |
125 Hill Street Apartments | The Hill | 2BR,1BA | $1,795 |
Beekman on Broadway | AA | Studio,1BA | $1,975 |
Best Value Apartments for Rent in North Central Ann Arbor, MI
As of May 17, 2025 the best value apartment in the North Central Ann Arbor area is the $0.34 price per square foot 533 Elizabeth St Model at 533 Elizabeth St, Unit 533 Elizabeth in the in the Chapel Hill neighborhood starting from $699. The second greatest value North Central Ann Arbor apartment is the D2 Model at Saga Ann Arbor starting at $1,124 with a $0.75 price per square foot in the Chapel Hill neighborhood. Here is today’s list of the best values for North Central Ann Arbor apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
533 Elizabeth St, Unit 533 Elizabeth | 533 Elizabeth St | 6BR,2BA | $0.34 |
Saga Ann Arbor | D2 | 4BR,3BA | $0.75 |
Corner House Apartments | Three-Bedroom | 3BR,1BA | $3.63 |
Landmark | 2X1 | 2BR,1BA | $2.38 |
807 W Madison St | 2 Bedroom | 2BR,1BA | $2.26 |
125 Hill Street Apartments | The Hill | 2BR,1BA | $2.39 |
520 N Ashley St | One Bedroom Townhome | 1BR,1BA | $2.08 |
Ann Arbor City Club | Plan A | 1BR,1BA | $3.71 |
323 Packard St | 1 Bedroom | 1BR,1BA | $2.83 |
400 Maynard | Studio | Studio ,1BA | $3.00 |
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.
Pet Friendly LifestyleNorth Central Ann Arbor, Ann Arbor, MI
Ranked #60
Among neighborhoods in Ann Arbor, MI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in North Central Ann Arbor, Ann Arbor, MI
School data provided by Great Schools
Frequently Asked Questions about Cheap North Central Ann Arbor Apartments
What is a cheap apartment in North Central Ann Arbor?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Central Ann Arbor is under $1,975.
What is the price of a cheap apartment in North Central Ann Arbor?
The cheapest apartment in North Central Ann Arbor is Island Drive which is listed at $1,495, while the average apartment in North Central Ann Arbor costs $5,561.
What types of apartments are the cheapest in North Central 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 20 regular apartments in North Central Ann Arbor that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
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