
Cheap Apartments for Rent in the Old Fourth Ward Neighborhood of Ann Arbor, MI from $800 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Fourth Ward area of Ann Arbor.


533 Elizabeth St, Unit 533 Elizabeth

Courthouse Square - A 55+ Community

400 Maynard

Ann Arbor Woods

Island Drive

215 N Division St, Unit 3

501 N 5th Ave, Unit 3
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.

Briar Cove Apartments

522 N Division St, Unit #3
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Old Fourth Ward, Ann Arbor, MI Local Guide

How much does it cost to rent an apartment in Old Fourth Ward?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Old Fourth Ward Studio Apartments | $1,726 | $1,395 | $2,400 |
Old Fourth Ward 1 Bedroom Apartments | $2,162 | $1,150 | $2,699 |
Old Fourth Ward 2 Bedroom Apartments | $2,620 | $1,250 | $3,650 |
Old Fourth Ward 3 Bedroom Apartments | $2,273 | $889 | $4,145 |
Old Fourth Ward 4 Bedroom Apartments | $1,292 | $1,124 | $1,565 |
Old Fourth Ward 6 Bedroom Apartments | $4,698 | $895 | $6,600 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Old Fourth Ward Neighborhood of Ann Arbor, MI.
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Old Fourth Ward, Ann Arbor, MI Local Guide
- Nearby Ann Arbor neighborhoods
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Cheapest Available Old Fourth Ward Apartments for Rent
 The cheapest available apartment rental in the Old Fourth Ward area of Ann Arbor, MI is a Studio unit found at Island Drive priced from $1,395. Briar Cove Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,465. Here are the most affordable Old Fourth Ward apartments for rent in Ann Arbor, MI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Island Drive | Efficiency Phase 2 | Studio,1BA | $1,395 |
Briar Cove Apartments | Blue Ribbon | 1BR,1BA | $1,465 |
Ann Arbor Woods | Two Bedroom One Bath | 2BR,1BA | $1,485 |
307 Thompson | 0B1B | Studio,1BA | $1,599 |
400 Maynard | Studio | Studio,1BA | $1,950 |
The George | 1A | 1BR,1BA | $1,953 |
Beekman on Broadway | AA | Studio,1BA | $1,975 |
Ponds at Georgetown Apartments | Sheldrake | 2BR,2BA | $2,015 |
Ann Arbor City Club | Plan V | 1BR,1BA | $2,150 |
Best Value Apartments for Rent in Old Fourth Ward, MI
As of May 10, 2025 the best value apartment in the Old Fourth Ward area is the $0.43 price per square foot 533 Elizabeth St Model at 533 Elizabeth St, Unit 533 Elizabeth in the in the Chapel Hill neighborhood starting from $895. The second greatest value Old Fourth Ward 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 Old Fourth Ward 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 | $0.43 |
Saga Ann Arbor | D2 | 4BR,3BA | $0.75 |
Centerra Pointe | 2 Bed- Downstairs | 2BR,2BA | $1.91 |
Ponds at Georgetown Apartments | Sandpiper | 3BR,2BA | $2.18 |
Owl Creek | Willow | 3BR,2BA | $2.05 |
Corner House Apartments | Three-Bedroom | 3BR,1BA | $3.56 |
Briar Cove Apartments | Blue Ribbon | 1BR,1BA | $1.95 |
Ann Arbor Woods | Two Bedroom One Bath | 2BR,1BA | $2.28 |
The George | 1A | 1BR,1BA | $3.08 |
University Trails | TH1 | 1BR,1BA | $3.63 |
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 LifestyleOld Fourth Ward, Ann Arbor, MI
Ranked #53
Among neighborhoods in Ann Arbor, MI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Getting Around the Old Fourth Ward Neighborhood in Ann Arbor, MI
Walk Score®
94 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
86 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
74 / 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 Old Fourth Ward Apartments
What is the Cheapest Studio apartment in Old Fourth Ward?
Currently the most affordable Cheap Studio Apartment in Old Fourth Ward is at 400 Maynard listed at $1,114.
How much is rent for a Cheap One Bedroom Old Fourth Ward Apartment?
The lowest price for a Cheap One Bedroom Old Fourth Ward Apartment is $1,465 at Briar Cove Apartments.
What is the lowest price for a Cheap Two Bedroom Old Fourth Ward Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Old Fourth Ward is starting from $1,485 at Ann Arbor Woods.
What is the most affordable Old Fourth Ward Three Bedroom Apartment?
The best deal on a cheap Old Fourth Ward Three Bedroom Apartment rental is at Island Drive and starts from $1,920.
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
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.