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Updated 1 hour ago

515 Walnut


Ann Arbor, MI

Studio - 2 Bed
•
1 - 2 Bath

535 - 1,382 Sq. Ft.

Available starting Aug. 21st
Floor plans
Studio • 1 Bath
$1,625
535 ft2
1 Available
Managed By: Varsity Management Inc.
Unit 01
$1,625
Available Aug 21st, 2026
View
1 Bed • 1 Bath
$1,850
682 ft2
4 Available
Managed By: Varsity Management Inc.
Unit 03
$1,850
Available Aug 21st, 2026
View
Unit 04
$1,850
Available Aug 21st, 2026
View
Unit 05
$1,850
Available Aug 21st, 2026
View
Unit 06
$1,850
Available Aug 21st, 2026
View
View Rented Units
2 Beds • 1 Bath
$2,425
947 ft2
1 Available
Managed By: Varsity Management Inc.
Unit 02
$2,425
Available Aug 21st, 2026
View
2 Beds • 2 Bath
$2,880
914 ft2
2 Available
Managed By: Varsity Management Inc.
Unit 07
$2,880
Available Aug 21st, 2026
View
Unit 08
$2,880
Available Aug 21st, 2026
View
2 Beds • 2 Bath
$3,340
1382 ft2
4 Available
Managed By: Varsity Management Inc.
Unit 09
$3,340
Available Aug 21st, 2026
View
Unit 10
$3,340
Available Aug 21st, 2026
View
Unit 11
$3,340
Available Aug 21st, 2026
View
Unit 12
$3,340
Available Aug 21st, 2026
View
Where you'll live
Street View
Map View
Satellite View
515 Walnut
515 Walnut
515 Walnut
Location ratings
Walk Score®
87
Very Walkable
Transit Score®
70
Excellent Transit
Bike Score®
79
Very Bikeable
Amenities
Storage
Water Included
Fees & leasing info
Lease & Fees
Security Deposit:

2437.5 - 5010

Property details
Description

Spacious Apartments Near CC Little and Central Campus
This large, conveniently located building offers a variety of floor plans ranging from cozy studios to expansive two-bedroom, two-bath apartments. Each unit provides ample living space, with select apartments featuring upgraded kitchens, new flooring, and living rooms accented by beautifully designed windows.
Perfect for individuals or groups, these apartments offer easy access to bus routes for both classes and work. Additional amenities include on-site laundry facilities and plenty of parking for residents.

Additional Details
Total Unit Count: 12
Last Updated: Updated 1 hour ago
Contact Number: (734) 668-1100
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
ViaSat, Inc. 100.0 3.0
AT&T Inc. 75.0 20.0
Hughes Network Systems, LLC 25.0 3.0
AT&T Inc. 18.0 0.768
AT&T Inc. 3.0 0.384
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
Renters Also Viewed
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 515 Walnut by bedroom type below.
Studio
Suggested income:
$58,500
per year
1 Bedroom
Suggested income:
$66,600
per year
2 Bedroom
Suggested income:
$110,800
per year
Rent report

515 Walnut Rent vs. Ann Arbor Average

 515 Walnut      Ann Arbor Average
Studio
$1,625
$1,577
$0
$550
$1,100
$1,650
$2,200
1BR
$1,850
$1,850
$0
$650
$1,300
$1,950
$2,600
2BR
$3,078
$2,283
$0
$1,050
$2,100
$3,150
$4,200

515 Walnut is asking 3% more than the average studio apartment in Ann Arbor.

If you upsized to an average priced Ann Arbor 1 bedroom apartment, you would pay 15% more per month.

515 Walnut provides 26% more square footage than the average Ann Arbor studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
515 Walnut
Studio $1,625 $3.00 $4,875
1BR $1,850 $2.70 $5,550
2BR $3,078 $2.60 $9,234
Ann Arbor Average
Studio $1,577 $3.70 $4,731
1BR $1,850 $2.90 $5,549
2BR $2,283 $2.50 $6,848
3BR $3,179 $2.70 $9,536
4BR $4,853 $3.10 $14,559

Availability in Ann Arbor

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 667 2BR units on the market in Ann Arbor. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
10% 34% 39% 7% 7%
Available Units in Ann Arbor
Studio 180
1BR 584
2BR 667
3BR 126
4BR 123
Location
Nearby Colleges

University of Michigan

Concordia University Ann Arbor

Washtenaw Community College

Eastern Michigan University

Campus Buildings and Attractions
Distance Walking Biking Driving
Law Library 0.7 mi 13 min 6 min 2 min
Michigan Union 0.7 mi 13 min 6 min 2 min
University of Michigan Medical Center 0.7 mi 14 min 7 min 3 min
Medical School 0.7 mi 14 min 6 min 2 min
Michigan Stadium 1.7 mi 32 min 13 min 4 min
Nearby Hospitals
Name Distance
University Of Michigan Health System 0.49 mi.
University Of Michigan Medical Center 0.54 mi.
Va Ann Arbor Healthcare System 1.05 mi.
Nearby Fire Stations
Name Distance
Pittsfield Township Fire Department 0.68 mi.
City Of Ann Arbor Fire Department 0.93 mi.
Ann Arbor Township Fire Department 2.86 mi.
FAQs
Is this property currently leasing units?
Yes. There are 12 available units at this property.
How many units are move-in ready in the next 2 months?
There are no units with move-in dates in the next 2 months. The next unit is available for move-in on August 21, 2026.
What's the square footage of the available units?
The available units range from 535 to 1,382 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
Where is this property located?
This property is at 515 Walnut in Ann Arbor, MI. It's 2.1 miles northwest from the center of Ann Arbor.
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