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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
17
$1,924 - 2,525
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
26
$999 - 1,979
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
24
$1,873
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
29
$2,820
618 South Main Apartments
618 S Main St Ann Arbor, MI
1 BR | Aug. 31, 2026
Contact
Luxury
Covered Parking
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
39
$1,963
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
$1,484 - 1,814
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
20
$1,695
Ivanhoe
1533 Pine Valley Blvd Ann Arbor, MI
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Pool
1
$4,400
1335 Hill
1335 Hill St Ann Arbor, MI
4 BR | Aug. 22, 2026
Contact
North Burns Park
1
$1,800
111 Fieldcrest #104
Ann Arbor, MI
1 BR | Available Now
Contact
Fitness Center
Dishwasher
Pool
1
$2,015 - 2,500
913 Dewey
Ann Arbor, MI
2 BR | Available Now
Contact
Dishwasher
North Burns Park
1
$2,700 - 3,500
3Bed | 1Bth - Ann Arbor, Mi - On Campus - Easy Move In
1032 Vaughn St Ann Arbor, MI
3 BR | Available Now
Contact
North Burns Park
34
$1,499 - 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
16
$949 - 1,719
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
$1,349 - 1,449
Traver Courts
Deal
1505 Natalie Ln Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
25
$999 - 1,319
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
$1,549 - 1,629
Meadowbrook Village
Deal
1550 Brookfield Dr Ann Arbor, MI
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
57
$1,995 - 4,956
The Harlan
Deal
920 Briarwood Cir Ann Arbor, MI
Studio - 3 BR | Sep. 15, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
39
$1,569 - 3,279
PER
ROOM
Sterling Arbor Blu
624 Church St Ann Arbor, MI
1 - 5 BR | Available Now
Contact
Student
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
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
$1,795
832 Packard St
Ann Arbor, MI
2 BR | Available Now
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
53
$1,689 - 3,536
The George
Deal
2502 Packard St Ann Arbor, MI
Studio - 3 BR | Available Now
Contact
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
19
$1,349 - 1,549
Manchester West
Deal
1900 W Liberty St Ann Arbor, MI
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
40
$899 - 1,559
Evergreen
Deal
3089 Woodland Hills Dr Ann Arbor, MI
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Dishwasher
44
$2,199
Traver Heights
2395 Leslie Cir Ann Arbor, MI
2 BR | Aug. 21, 2026
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
11
$949 - 1,199
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
20
$1,549 - 2,199
Traver Ridge
Deal
2395 Leslie Cir Ann Arbor, MI
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
42
$1,849 - 1,899
Glencoe Oaks
Deal
2201 Glencoe Hills Dr Ann Arbor, MI
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
36
$1,329 - 2,089
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
$1,099 - 1,649
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
48
$1,699 - 2,999
State Street Village
Deal
2225 S State St Ann Arbor, MI
1 - 4 BR | Available Now
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 16 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 40 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: August Rental Information

Welcome to the August 2026 Ann Arbor Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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 <$1,000 $1,080 $1,240 $1,400 $1,560 $1,720 $1,880 $2,040 $2,200 $2,360 $2,520 $2,680 $2,840 $3,000 $3,160

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

Ann Arbor, MI
Ypsilanti, MI
42
12
In the month of August 2026, Rentable has a total inventory of 58 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 August M/M % Change
Ann Arbor, MI 43 +1.0%
Ypsilanti, MI 12 +1.03%
Belleville, MI 2 +1.0%
Westland, MI 1 +1.0%
Pittsfield, MI 1 +1.0%
Wixom, MI 1 +1.0%
South Lyon, MI 1 +0.67%
Tecumseh, MI 0 +1.0%
Plymouth, MI 0 +1.5%
Novi, MI 0 +1.0%

Looking for Apartments Under $500 in Ann Arbor?

Available apartments under $500 167
Top amenities Refrigerator, Garbage Disposal, Range / Oven, Near Campus, Student
Deals 10
Pet friendly 15
Utilities included 32
Furnished 42
3 Bedroom 13
4 Bedroom 10
6 Bedroom 10
Square footage 498 - 2,636

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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