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University Towers
(734) 761-2680
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111 North Ashley Street
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529 Elizabeth St.
(734) 665-5552
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1120 White St
(734) 369-8239
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112 Koch St.
(734) 260-4003
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827 W Huron St
(734) 663-8989
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4206 Packard #2
(734) 663-8989
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15611 Stone Crossing Dr
(734) 662-6133
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Apartments Under $700 in Ann Arbor, MI

1 of 8 Results
13
$539
PER
BED
University Towers
Deal
2.8
536 South Forest Avenue Ann Arbor, MI
2 BR | Available Now
Contact
Heat Included
Furnished
Student
Virtual Tour
Fitness Center
19
$700
111 North Ashley Street
Ann Arbor, MI
1 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Covered Parking
In Unit Laundry
20
$700
529 Elizabeth St.
Ann Arbor, MI
Studio | Available Now
Contact
Heat Included
Furnished
Student
House
Air Conditioning
23
$700
1120 White St
Ann Arbor, MI
1 BR | Available Now
Contact
House
Surface Parking
Balcony, Deck, Patio
Disability Access
Dishwasher
19
$625 - 690
112 Koch St.
Ann Arbor, MI
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Student
House
Air Conditioning
2
$150
827 W Huron St
Ann Arbor, MI
Studio | Available Now
Contact
Balcony, Deck, Patio
Disability Access
Dishwasher
Old West Side
10
$598
4206 Packard #2
Ann Arbor, MI
2 BR | May. 1, 2023
Contact
House
Balcony, Deck, Patio
Disability Access
Dishwasher
Central
2
$420
15611 Stone Crossing Dr
Ann Arbor, MI
1 BR | Available Now
Contact
1 - 8 of 8 Results
  1. Home
  2. Ann Arbor
  3. Apartments Under $700

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

Ann Arbor Apartments
Bed Type Average Rent Range
Studio $1,280 $870 - $2,300
1BR $1,500 $960 - $2,830
2BR $1,840 $1,190 - $2,910
3BR $2,560 $1,540 - $3,930
4+BR $4,580 $2,600 - $8,400
Frequently Asked Questions

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

Rentable.co has over 10,746 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 $1,280 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 $1,500 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 $1,840 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 $51,000 to live comfortably.

How many apartments under $700 are available in Ann Arbor, MI on Rentable.co?

Rentable.co has 8 apartments under $700 available for rent in Ann Arbor.

Which neighborhoods have the most apartments under $700 for rent in Ann Arbor, MI?

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

Asset 2
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Apartments Under $500
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Apartments with Amenities
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Virtual Tour Apartments
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Ann Arbor:
March Rent Report

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

Ann Arbor rent prices decreased over the last month. From February to March, the city experienced a -1.25% decrease for the price of a one-bedroom apartment. The rent price for a Ann Arbor one-bedroom apartments currently stands at $1,424.0.

When we take a look at the two-bedroom comparison from February to March, Ann Arbor experienced a -2.04% decrease for the price of a two-bedroom apartment. The rent price for a Ann Arbor two-bedroom apartments currently stands at $1,873.0.

March Prices: Ann Arbor vs. Surrounding Areas

Rent Prices in Ann Arbor and Surrounding Areas

Rent prices have decreased 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 2 of the Ann Arbor suburbs increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Novi, MI, Wixom, MI .

  • Rent decreased in Ypsilanti, MI, Belleville, MI, Northville, MI, Westland, MI, Pittsfield, MI.

  • 1 suburb is currently priced higher than the city of Ann Arbor.

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

March 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 declining. 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 March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Ann Arbor, MI $1,442.0 -6.06% $1,912.0 -3.09%
Novi, MI $1,219.0 1.41% $1,596.0 -1.54%
Ypsilanti, MI $1,111.0 -1.07% $1,315.0 0.23%
Belleville, MI $1,214.0 -0.90% $1,392.0 -0.92%
Wixom, MI $1,028.0 1.48% $1,186.0 0.34%
Northville, MI $1,437.0 -0.83% $1,609.0 -1.53%
Westland, MI $1,037.0 -1.24% $1,191.0 -2.93%
Pittsfield, MI $1,339.0 -0.08% $1,451.0 0.35%

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.