How many apartments are available in Main Street on Rentable.co?

Rentable.co has over 6 apartments available near Main Street.

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

Rentable.co has over 10,620 apartments available in Ann Arbor.

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

The average rent for a <a href='/ann-arbor-mi/studio-apartments-for-rent' >studio apartment</a> in Ann Arbor is around $1,400 per month.

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

The average rent for a <a href='/ann-arbor-mi/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Ann Arbor is around $1,600 per month.

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

The average rent for a <a href='/ann-arbor-mi/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Ann Arbor is around $2,040 per month.

How expensive is it to rent an apartment in Ann Arbor, MI?

For a two-bedroom apartment in Ann Arbor, the average rent price is $2,040 per month, which is higher than the national average of $1,600 per month.

Can I afford an apartment for rent in Ann Arbor, MI?

Based on average rent prices in Ann Arbor, to afford a <a href='/ann-arbor-mi/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $56,000 to live comfortably.

Apartments in Main Street Ann Arbor

Ann Arbor:
April Rent Report

Welcome to the April 2024 Ann Arbor Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 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

$2,200

$1,650

$1,100

$550

May. 2023

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

1 BR 2 BR

Ann Arbor Rent Prices Increase From March to April

Ann Arbor rent prices increased over the last month. From March to April, the city experienced a 1.24% increase for the price of a one-bedroom apartment. The rent price for a Ann Arbor one-bedroom apartments currently stands at $1,553.0.

When we take a look at the two-bedroom comparison from March to April, Ann Arbor experienced a -0.94% decrease for the price of a two-bedroom apartment. The rent price for a Ann Arbor two-bedroom apartments currently stands at $2,004.0.

April Prices: Ann Arbor vs. Surrounding Areas

Ann Arbor, MI

Canton, MI

Northville, MI

Belleville, MI

Novi, MI

Ypsilanti, MI

Wixom, MI

Westland, MI

$1,534

$1,525

$1,357

$1,325

$1,232

$1,119

$1,057

$1,034

$500

$1,000

$1,500

$2,000

Median 1 BR Rent

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 7 of the Ann Arbor suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Novi, MI, Ypsilanti, MI, Wixom, MI, Westland, MI, Canton, MI, Northville, MI, Belleville, MI .
Rents did not decrease in any of the Ann Arbor suburbs.
7 suburbs are currently priced lower than the city of Ann Arbor.

April 2024 Pricing Trends: Ann Arbor vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Ann Arbor, MI

Minneapolis, MN

Columbus, OH

Pittsburgh, PA

$3,994

$3,038

$2,355

$2,347

$1,893

$1,534

$1,300

$1,264

$1,145

$1,300

$2,600

$3,900

$5,200

Median Rent

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 April	1 BR M/M % Change	2 BR April	2 BR M/M % Change
Ann Arbor, MI	$1,534.0	-1.16%	$2,023.0	-0.30%
Novi, MI	$1,232.0	0.74%	$1,608.0	0.13%
Ypsilanti, MI	$1,119.0	3.04%	$1,315.0	3.87%
Wixom, MI	$1,057.0	3.53%	$1,280.0	-0.70%
Westland, MI	$1,034.0	1.17%	$1,178.0	0.26%
Canton, MI	$1,525.0	0.66%	$1,931.0	0.00%
Northville, MI	$1,357.0	1.57%	$1,521.0	2.29%
Belleville, MI	$1,325.0	3.52%	$1,488.0	2.41%

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.