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Apartments Under $500 in Ann Arbor, MI

1 - 1 of 1 Result
2
$420
15611 Stone Crossing Dr
Ann Arbor, MI
1 BR | Available Now
Contact
1 - 1 of 1 Results

All Apartments in Ann Arbor, MI

30 Results
26
$1,181 - 2,054
Ann Arbor Woods
Deal
3.2
2167 Medford RD Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
Covered Parking
41
$1,949
Detroit - Ann Arbor - University South
3265 Boardwalk Dr Ann Arbor, MI
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
36
$1,473 - 1,719
Cambridge Club
5501 Cambridge Club Cir Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Luxury
Air Conditioning
Covered Parking
In Unit Laundry
Balcony/Deck/Patio
17
$2,099 - 2,902
Ponds at Georgetown Apartments
Deal
2511 Packard St Ann Arbor, MI
2 - 3 BR | Available Now
Contact
Luxury
Covered Parking
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
13
$1,961 - 3,228
618 South Main Apartments
Deal
618 S Main St Ann Arbor, MI
Studio - 2 BR | Available Now
Contact
Luxury
Covered Parking
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
41
$1,859
Detroit - Ann Arbor - Briarwood Mall
1501 Briarwood Circle Dr Ann Arbor, MI
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
22
$1,325 - 1,725
Ivanhoe
1533 Pine Valley Blvd Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Pool
1
$2,015 - 2,700
913 Dewey
Ann Arbor, MI
2 BR | Available Now
Contact
Dishwasher
North Burns Park
11
$1,319 - 1,639
Park Place
Deal
1980 Pauline Blvd Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Fitness Center
44
$1,819 - 2,749
Traver Heights
Deal
2395 Leslie Cir Ann Arbor, MI
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
19
$1,599 - 2,219
Traver Ridge
Deal
2395 Leslie Cir Ann Arbor, MI
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
41
$1,029 - 1,629
Evergreen
Deal
3089 Woodland Hills Dr Ann Arbor, MI
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Dishwasher
4
$1,650 - 1,750
813 S. Main
Ann Arbor, MI
2 BR | Aug. 20, 2026
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Old West Side
36
$1,449 - 1,949
Traver Crossing
Deal
1984 Traver Rd Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Balcony/Deck/Patio
32
$1,149 - 1,909
Glencoe Hills
Deal
2201 Glencoe Hills Dr Ann Arbor, MI
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
8
$6,120
426 S Fourth Ave
Ann Arbor, MI
6 BR | Aug. 29, 2026
Contact
Furnished
Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
6
$1,900 - 2,500
832 Packard St
Ann Arbor, MI
1 - 2 BR | Aug. 20, 2026
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
58
$1,449
McDonald Mansion
2201 Glencoe Hills Dr Ann Arbor, MI
2 BR | Jun. 12, 2026
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Disability Access
34
$1,659 - 1,869
Traver Courts
1505 Natalie Ln Ann Arbor, MI
1 - 2 BR | Jul. 3, 2026
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
33
$1,399 - 1,849
Medical Center Court
Deal
1005 Maiden Ln Ann Arbor, MI
Studio - 1 BR | Apr. 10, 2026
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Fitness Center
13
$1,199 - 1,329
Spruce Knob
Deal
2960 Birch Hollow Dr Ann Arbor, MI
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Pool
25
$1,249 - 1,549
Manchester Flats
Deal
1846 Stadium Pl Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Fitness Center
33
$1,679 - 1,949
Meadowbrook Village
1550 Brookfield Dr Ann Arbor, MI
1 - 2 BR | Jun. 12, 2026
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
18
$1,149 - 2,495
PER
ROOM
Foundry Lofts
413 E Huron St Ann Arbor, MI
Studio - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Luxury
39
$1,805 - 2,035
Valley Ranch
Deal
3.8
1315 Oak Valley Drive Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
54
$1,869 - 3,596
The George
2502 Packard St Ann Arbor, MI
Studio - 3 BR | Available Now
Contact
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
19
$2,700 - 2,850
912 S Forest Ave
Ann Arbor, MI
2 BR | May. 18, 2026
Contact
Heat Included
Furnished
Air Conditioning
Dishwasher
North Burns Park
16
$1,249 - 1,649
Hillcrest Manor
Deal
1980 Pauline Blvd Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Surface Parking
34
$1,699 - 1,999
The Park at Sagebrush Circle
Deal
2845 Sagebrush Cir Ann Arbor, MI
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
In Unit Laundry
Fitness Center
48
$1,999 - 2,969
State Street Village
2225 S State St Ann Arbor, MI
1 - 3 BR | May. 8, 2026
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
  1. Home
  2. Ann Arbor
  3. Apartments Under $500
Frequently Asked Questions

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

There is 1 apartment under $500 in Ann Arbor currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Ann Arbor?

Rentable.co has 37 studio apartments under $500 available for rent in Ann Arbor.

How many one-bedroom apartments under $500 are available in Ann Arbor?

Rentable.co has 169 one-bedroom apartments under $500 available for rent in Ann Arbor.

How many two-bedroom apartments under $500 are available in Ann Arbor?

Rentable.co has 173 two-bedroom apartments under $500 available for rent in Ann Arbor.

Can I afford a apartment under $500 in Ann Arbor, MI?

To comfortably afford a apartment under $500 in Ann Arbor based on average rent prices, a household would need an annual income of $17,000.

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. South Main

Apartments Under $500 in Ann Arbor, MI: April Rental Information

Welcome to the April 2026 Ann Arbor Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2026 key findings and figures for the Ann Arbor rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Ann Arbor and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Ann Arbor. Whether you're a student on a budget or someone simply looking for affordable housing, this report can help you make informed decisions about your next rental in the vibrant city of Ann Arbor.
0 7 15 22 30 <$1,100 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 $1,620 $1,700 $1,780 $1,860 $1,940 $2,020 $2,100 $2,180 $2,260 $2,340 >$2,420

Available Apartments Under $500: Ann Arbor vs. Surrounding Areas

Ann Arbor, MI
Ypsilanti, MI
42
16
In the month of April 2026, Rentable has a total inventory of 62 apartments available under $500 in the Ann Arbor, MI metro area. This includes apartments in Ann Arbor itself and the surrounding cities of Chelsea, Tecumseh, Milan, Clinton, Belleville, Walled Lake, Romulus, Westland, Northville, Saline, Novi, Dexter, Brighton, Wixom, Wolverine Lake, Ypsilanti, Manchester, South Lyon, Pinckney, Howell, Plymouth, Milford, Canton, Whitmore Lake, New Hudson, Willis, Superior Township, Pittsfield, Hamburg Twp, and Royal Oaks. Prospective renters looking for budget-friendly options in this area can explore a variety of apartments within their price range.

Apartments Under $500 Now vs. Last Month: Ann Arbor and Surrounding Areas

City Apartments Under $500 in April M/M % Change
Ann Arbor, MI 43 +0.98%
Ypsilanti, MI 16 +1.06%
Belleville, MI 3 +1.06%
South Lyon, MI 1 +1.25%
Pittsfield, MI 1 +1.0%
Westland, MI 1 +1.0%
Wixom, MI 1 +1.0%
Romulus, MI 1 +1.33%
Canton, MI 0 +1.33%

Looking for Apartments Under $500 in Ann Arbor?

Available apartments under $500 500
Top amenities Refrigerator, Garbage Disposal, Range / Oven, Near Campus, Student
Deals 10
Pet friendly 15
Utilities included 32
Furnished 42
1 Bedroom 12
2 Bedroom 11
3 Bedroom 13
Square footage 642 - 2,470

Where are Ann Arbor Apartments Under $500?

Top Neighborhoods Downtown, North burns park, Old west side, South main
Downtown 13
North Burns Park 9
Old West Side 3
South Main 2
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