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15611 Stone Crossing Dr
(734) 662-6133
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The Waverly
(734) 807-3297
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The Yard
(734) 228-4705
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Six11
(734) 228-4704
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Westlake Apartments
(833) 644-1030
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Arbor Circle Apartments
(734) 472-4566
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Ponds at Georgetown Apartments
(567) 406-5830
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Southport Apartments
(989) 467-7634
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The George
(567) 406-5866
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Corner House Apartments
(734) 680-8673
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Traver Courts
(734) 888-9370
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Detroit - Ann Arbor - University South
(567) 707-1812
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Ann Arbor Woods
(567) 406-5935
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618 South Main Apartments
(567) 702-4543
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Uptown Ann Arbor
(419) 664-4527
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The Pines of Cloverlane Apartments
(567) 406-5939
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The Trilogy Apartments
(517) 312-0129
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Briar Cove Apartments
(989) 500-0146
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Aspen Chase Apartments
(734) 875-9475
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Detroit - Ann Arbor - Briarwood Mall
(567) 707-1852
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The Bedford Apartments
(734) 304-7117
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Westbrook Apartments
(734) 449-4213
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Glencoe Oaks Apartments & Town Houses
(734) 415-8185
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Traver Crossing Apartments
(734) 447-5063
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Meadowbrook Village Apartments
(734) 212-5049
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Roundtree Apartments
(734) 472-2604
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Traver Ridge Apartments
(734) 345-1138
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Traver Heights Apartments
(734) 349-1583
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The Villas Apartments
(734) 888-9244
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State Street Village Apartments
(734) 876-8602
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Schooner Cove Apartments
(734) 275-2425
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Apartments Under $500 in Ann Arbor, MI

1 of 1 Result
2
$420
15611 Stone Crossing Dr
Ann Arbor, MI
1 BR | Available Now
Contact
1 - 1 of 1 Results
Apartments in Ann Arbor, MI
1 of 765 Results
104
3D Tour
$1,005 - 2,056
The Waverly
Deal
49000 Denton Road Belleville, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
14
$949 - 2,525
PER
ROOM
The Yard
2.4
615 S Main St Ann Arbor, MI
Studio - 5 BR | Aug. 26, 2023
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Air Conditioning
18
$1,645 - 2,590
PER
ROOM
Six11
4.2
611 E University Ave Ann Arbor, MI
Studio - 6 BR | Aug. 23, 2023
Contact
Student
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
23
3D Tour
$1,348 - 2,017
Westlake Apartments
4.2
10341 Westlake Circle Belleville, MI
1 - 2 BR | Jun. 29, 2023
Contact
Heat Included
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
6
$1,094 - 1,335
Arbor Circle Apartments
2.6
2277 Grove Road, #211 Ypsilanti, MI
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
21
$1,865 - 2,825
Ponds at Georgetown Apartments
Deal
2511 Packard St Ann Arbor, MI
2 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
18
3D Tour
$1,183 - 1,824
Southport Apartments
2.2
10830 Oak Lane Belleville, MI
1 - 2 BR | Jun. 12, 2023
Contact
Heat Included
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
47
$1,659 - 3,400
The George
Deal
4.2
2502 Packard St Ann Arbor, MI
Studio - 3 BR | Available Now
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Dog Friendly
Cat Friendly
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
34
$3,075
Corner House Apartments
3.3
205 S State St Ann Arbor, MI
2 BR | Aug. 26, 2023
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Furnished
Cat Friendly
Air Conditioning
Surface Parking
Storage
24
3D Tour
$1,659 - 1,849
Traver Courts
Deal
1505 Natalie Ln Ann Arbor, MI
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
In Unit Laundry
30
$2,190
Detroit - Ann Arbor - University South
3265 Boardwalk Dr Ann Arbor, MI
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
20
$1,246 - 2,533
Ann Arbor Woods
3.2
2167 Medford RD Ann Arbor, MI
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
13
$2,608 - 3,957
618 South Main Apartments
Deal
618 S Main St Ann Arbor, MI
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
In Unit Laundry
Balcony, Deck, Patio
88
$1,990 - 6,184
Uptown Ann Arbor
4.2
3300 Ann Arbor-saline Road Ann Arbor, MI
1 - 3 BR | Jul. 22, 2023
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
37
$1,128 - 2,014
The Pines of Cloverlane Apartments
Deal
4907 Cloverlane Dr Ypsilanti, MI
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
Fitness Center
55
$985 - 1,533
The Trilogy Apartments
Deal
4.0
10910 Independence Ln Belleville, MI
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
39
$1,611 - 2,917
Briar Cove Apartments
2.9
650 Waymarket Dr Ann Arbor, MI
1 - 2 BR | Available Now
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Furnished
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
11
3D Tour
$999 - 1,249
Aspen Chase Apartments
Deal
2960 International Drive Ypsilanti, MI
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Balcony, Deck, Patio
41
$1,590
Detroit - Ann Arbor - Briarwood Mall
1501 Briarwood Circle Dr Ann Arbor, MI
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
13
$1,084 - 1,529
The Bedford Apartments
2.6
42256 Addison Ave Canton, MI
1 - 2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Balcony, Deck, Patio
Dishwasher
33
$1,507 - 2,350
Westbrook Apartments
700 Westbrook Whitmore Lake, MI
2 - 3 BR | Jun. 15, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
21
3D Tour
$2,249
Glencoe Oaks Apartments & Town Houses
Deal
2201 Glencoe Hills Drive Ann Arbor, MI
3 BR | Jul. 15, 2023
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
12
3D Tour
$1,689 - 1,929
Traver Crossing Apartments
1984 Traver Rd Ann Arbor, MI
2 BR | Jun. 23, 2023
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Balcony, Deck, Patio
17
3D Tour
$1,499 - 1,749
Meadowbrook Village Apartments
Deal
1550 Brookfield Drive Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
18
3D Tour
$1,209 - 1,379
Roundtree Apartments
Deal
2835 Roundtree Boulevard Ypsilanti, MI
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Balcony, Deck, Patio
17
3D Tour
$1,479 - 1,919
Traver Ridge Apartments
2395 Leslie Circle Ann Arbor, MI
1 - 3 BR | Jun. 16, 2023
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
In Unit Laundry
13
3D Tour
$1,599 - 2,499
Traver Heights Apartments
2395 Leslie Cir Ann Arbor, MI
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
10
3D Tour
$1,089 - 1,279
The Villas Apartments
Deal
2911 Bynan Dr. Ypsilanti, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Balcony, Deck, Patio
17
3D Tour
$1,919 - 2,909
State Street Village Apartments
2225 S State St Ann Arbor, MI
1 - 3 BR | Jun. 16, 2023
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
17
3D Tour
$1,049 - 1,840
Schooner Cove Apartments
Deal
5050 Schooner Cove Dr. Ypsilanti, MI
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Balcony, Deck, Patio
1 - 30 of 765 Results
  1. Home
  2. Ann Arbor
  3. Apartments Under $500

How much does it cost to rent an apartment in Ann Arbor?

Ann Arbor Apartments
Bed Type Average Rent Range
Studio $1,600 $760 - $2,300
1BR $1,680 $990 - $2,900
2BR $2,000 $1,250 - $2,760
3BR $2,530 $1,580 - $3,850
4+BR $3,960 $2,080 - $8,000
Frequently Asked Questions

How many apartments are available in Ann Arbor, MI on Rentable.co?

Rentable.co has over 10,924 apartments available in Ann Arbor.

What is the average rent for a studio apartment in Ann Arbor, MI?

The average rent for a studio apartment in Ann Arbor is around $1,600 per month.

What is the average rent for a one-bedroom apartment in Ann Arbor, MI?

The average rent for a one-bedroom apartment in Ann Arbor is around $1,680 per month.

What is the average rent for a two-bedroom apartment in Ann Arbor, MI?

The average rent for a two-bedroom apartment in Ann Arbor is around $2,000 per month.

How expensive is living in Ann Arbor, MI?

Based on average rent prices in Ann Arbor, to afford a studio apartment you would need an annual salary of $64,000 to live comfortably.

How many apartments under $500 are available in Ann Arbor, MI on Rentable.co?

Rentable.co has 1 apartments under $500 available for rent in Ann Arbor.

Which neighborhoods have the most apartments under $500 for rent in Ann Arbor, MI?

  1. Downtown
  2. North Burns Park
  3. Old West Side
  4. Garden Homes
  5. South Main

Asset 2
Apartments by Bedrooms
2 Bedroom Apartments
3 Bedroom Apartments
4 Bedroom Apartments
Studio Apartments
1 Bedroom Apartments
Apartments by Affordability
Apartments Under $600
Apartments Under $1,200
Apartments Under $1,000
Apartments Under $900
Apartments Under $800
Apartments Under $700
Apartments Under $500
Cheap Apartments
Apartments with Amenities
Pet Friendly Apartments
Furnished Apartments
Virtual Tour Apartments
Apartments with Move In Specials
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Ann Arbor:
June Rent Report

Welcome to the June 2023 Ann Arbor Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2023 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.

Monthly Rent Report

Ann Arbor Rent Prices Increase From May to June

Ann Arbor rent prices increased over the last month. From May to June, the city experienced a 5.16% increase for the price of a one-bedroom apartment. The rent price for a Ann Arbor one-bedroom apartments currently stands at $1,589.0.

When we take a look at the two-bedroom comparison from May to June, Ann Arbor experienced a 3.65% increase for the price of a two-bedroom apartment. The rent price for a Ann Arbor two-bedroom apartments currently stands at $1,988.0.

June Prices: Ann Arbor vs. Surrounding Areas

Rent Prices in Ann Arbor and Surrounding Areas

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 4 of the Ann Arbor suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Novi, MI, Northville, MI, Belleville, MI, Westland, MI .

  • Rent decreased in Wixom, MI, Ypsilanti, MI, Canton, MI.

  • 7 suburbs are currently priced lower than the city of Ann Arbor.

June 2023 Pricing Trends: Ann Arbor vs. National Comparisons

Ann Arbor Rent Prices More Affordable Than Major Cities

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.

For more information about Ann Arbor and surrounding area rent prices, take a look at the complete data set below.

Data set for Ann Arbor and suburbs

1 BR June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Ann Arbor, MI $1,511.0 5.37% $1,918.0 2.95%
Wixom, MI $975.0 -2.01% $1,266.0 0.64%
Novi, MI $1,247.0 0.08% $1,537.0 -0.84%
Ypsilanti, MI $1,085.0 -1.99% $1,347.0 0.52%
Northville, MI $1,506.0 0.47% $1,771.0 2.37%
Canton, MI $1,496.0 -0.47% $1,809.0 0.00%
Belleville, MI $1,245.0 0.73% $1,350.0 0.82%
Westland, MI $1,036.0 0.98% $1,180.0 1.03%

Methodology

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.