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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
36
$1,667 - 1,707
Cambridge Club
5501 Cambridge Club Cir Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
13
$1,966 - 3,360
618 South Main Apartments
Deal
618 S Main St Ann Arbor, MI
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
In Unit Laundry
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
17
$1,899 - 2,860
Ponds at Georgetown Apartments
Deal
2511 Packard St Ann Arbor, MI
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
In Unit Laundry
41
$1,780
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
26
$1,181 - 2,049
Ann Arbor Woods
3.2
2167 Medford RD Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
Covered Parking
22
$1,145 - 1,725
Ivanhoe
1533 Pine Valley Blvd Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Pool
1
$2,500
Maintenance-free Condo Living In South Ann Arbor
1341 Millbrook Trl Ann Arbor, MI
2 BR | Available Now
Contact
Dog Friendly
House
Dishwasher
13
$1,279
Spruce Knob
2960 Birch Hollow Dr Ann Arbor, MI
1 BR | Jul. 10, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
Pool
34
$1,629 - 1,839
Medical Center Court
1005 Maiden Ln Ann Arbor, MI
Studio - 1 BR | Apr. 10, 2026
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Fitness Center
18
$1,149 - 2,495
PER
ROOM
Foundry Lofts
Deal
413 E Huron St Ann Arbor, MI
Studio - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Luxury
39
$1,795 - 1,925
Valley Ranch
3.8
1315 Oak Valley Drive Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
27
$2,049
518 E William St
Ann Arbor, MI
1 BR | Aug. 29, 2026
Contact
Furnished
Air Conditioning
Balcony/Deck/Patio
Fitness Center
Downtown
7
$1,000 - 1,925
121 E Hoover Ave
Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
41
$1,999 - 4,349
400 Maynard
Ann Arbor, MI
Studio - 2 BR | Aug. 29, 2026
Contact
Furnished
Air Conditioning
Balcony/Deck/Patio
Fitness Center
Downtown
54
$1,869 - 3,596
The George
Deal
2502 Packard St Ann Arbor, MI
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
48
$2,349
State Street Village
2225 S State St Ann Arbor, MI
2 BR | Jul. 31, 2026
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
4
$1,450 - 1,925
921 S main
Ann Arbor, MI
1 - 2 BR | Aug. 20, 2026
Contact
Furnished
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
8
$5,999
426 S Fourth Ave
Ann Arbor, MI
6 BR | Aug. 29, 2026
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Air Conditioning
19
$1,699
Manchester West
Deal
1900 W Liberty St Ann Arbor, MI
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
19
$1,799 - 2,650
ReNew Ann Arbor
Deal
275 Harbor Way Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
48
3D Tour
$3,500 - 4,475
Brookhaven Manor Senior Living
401 West Oakbrook Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
34
$1,399 - 1,799
The Park at Sagebrush Circle
2845 Sagebrush Cir Ann Arbor, MI
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
In Unit Laundry
Fitness Center
16
$1,199 - 1,549
Hillcrest Manor
1980 Pauline Blvd Ann Arbor, MI
1 - 2 BR | Feb. 20, 2026
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Surface Parking
30
$2,625
2869 E Eisenhower Pkwy
Ann Arbor, MI
4 BR | Aug. 29, 2026
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Balcony/Deck/Patio
4
$1,500 - 1,800
323 Packard St
Ann Arbor, MI
Studio - 1 BR | Aug. 20, 2026
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Downtown
36
$1,599 - 1,929
Traver Crossing
Deal
1984 Traver Rd Ann Arbor, MI
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Balcony/Deck/Patio
32
$1,029 - 1,849
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
27
$1,837 - 2,092
The Emerson Apartments
Deal
3000 Signature Blvd Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
52
$1,578 - 3,158
Arbor Landings Apartments
545 Landings Blvd Ann Arbor, MI
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Fitness Center
  1. Home
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  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 17 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 38 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 75 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: February Rental Information

Welcome to the February 2026 Ann Arbor Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 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 12 25 37 50 <$1,100 $1,160 $1,280 $1,400 $1,520 $1,640 $1,760 $1,880 $2,000 $2,120 $2,240 $2,360 $2,480 $2,600 $2,720 $2,840 $2,960

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

Ann Arbor, MI
Ypsilanti, MI
42
17
In the month of February 2026, Rentable has a total inventory of 67 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 February M/M % Change
Ann Arbor, MI 43 +1.03%
Ypsilanti, MI 18 +0.94%
Belleville, MI 3 +0.87%
South Lyon, MI 2 +1.17%
Westland, MI 1 +1.12%
Pittsfield, MI 1 +1.0%
Romulus, MI 1 +1.0%
Wixom, MI 1 +1.0%
Canton, MI 1 +1.25%

Looking for Apartments Under $500 in Ann Arbor?

Available apartments under $500 244
Top amenities Refrigerator, Garbage Disposal, Range / Oven, Near Campus, Student
Deals 10
Pet friendly 17
Utilities included 32
Furnished 42
3 Bedroom 13
4 Bedroom 10
6 Bedroom 10
Square footage 570 - 2,553

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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