If you are looking for the feel of big city life, but want that small rural town setting then Ann Arbor is the place to be. This city is known for education and research. This is a town that is rich in cultural experience. It features numerous art exhibits and is known for its jazz legacy. There are numerous museums including the University of Michigan's Art Museum all within the downtown area. This is haven for those who love the arts as well as the outdoors. Outdoor enthusiasts can enjoy everything from a game of golf and cycling to enjoying a picnic in the park and hiking. Warmer weather in this area brings a plethora of festivals and fairs to the area.
Ann Arbor is a town on the rise with an average household median of $60,000. As with any college oriented town, it's best to look for an apartment in March if you're looking for summer, June if you are looking for fall and November if you are looking for spring. You want to get ahead of the game in this town.
Finding an apartment can be hard, especially when there are so many choices. With our filters, you can narrow your search by price, floorplan, and amenities. Looking for an apartment building with a fitness center, swimming pool, and easy access to a dog park? We've got you covered.
As you can imagine the application process in this town is highly competitive. Be sure you have ample references to back up your application. Landlords are fair but selective. So what can you do to set yourself apart from other applicants? This is the question you need to ask yourself.
Ann Arbor has a public transportation system that can help get you around town. You can learn more by visiting www.theride.org. In addition there are various vendors who can provide transportation services. Transportation on campus is available to help students and faculty get from one location on campus to another.
Ann Arbor has so many things to do there is no chance of getting bored. There is an array of activities for the nature lover. A mecca of food establishments featuring a wide variety of things to try. It's a foodies dream location. In addition there are various nightclubs and local bars to keep the music pumping all night long.
Welcome to the May 2022 Ann Arbor Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2022 key findings and figures for the Ann Arbor rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Ann Arbor and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Ann Arbor average rent prices in the chart below.
Ann Arbor rent prices increased over the last month. From April to May, the city experienced a 4.02% increase for the price of a one-bedroom apartment. The rent price for a Ann Arbor one-bedroom apartments currently stands at $1,346.0.
When we take a look at the two-bedroom comparison from April to May, Ann Arbor experienced a 3.03% increase for the price of a two-bedroom apartment. The rent price for a Ann Arbor two-bedroom apartments currently stands at $1,805.0.
Rent prices have increased in Ann Arbor over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 6 of the Ann Arbor suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Ypsilanti, MI, Westland, MI, Belleville, MI, Wixom, MI, Novi, MI, Canton, MI .
Rent decreased in Northville, MI.
1 suburb is currently priced higher than the city of Ann Arbor.
6 suburbs are currently priced lower than the city of Ann Arbor.
Rent growth in Ann Arbor over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Ann Arbor average rent prices appear to be relatively affordable for local residents.
The price for a Ann Arbor one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of Rentable's May 2022 National Apartment Report and data set here.
For more information about Ann Arbor and surrounding area rent prices, take a look at the complete data set below.
|1 BR May||1 BR M/M % Change||2 BR May||2 BR M/M % Change|
|Ann Arbor, MI||$1,294.0||2.94%||$1,752.0||3.61%|
Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.