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What to Know About

Living in 48103

Ann Arbor is a bustling college town with a reputation for its energetic ambiance and excellent quality of life. The city boasts several museums, including the University of Michigan Museum of Art, the Kelsey Museum of Archaeology, and the Ann Arbor Hands-On Museum. In addition, it's the home to the prestigious University of Michigan, one of the top public universities in the country. Ann Arbor's economy is on the rise, with several thriving industries ranging from tech to healthcare playing a crucial role in its success.

Nature enthusiasts can explore Ann Arbor's many parks and preserves, such as the Matthaei Botanical Gardens, Nichols Arboretum, and the Huron River. Ann Arbor is known for its love of sports, particularly football, with the University of Michigan football team drawing huge crowds. Ann Arbor offers many events and festivals, such as Ann Arbor Art Fair, Ann Arbor Folk Festival, the Ann Arbor Film Festival, and the Ann Arbor Summer Festival.

Ann Arbor offers a high quality of life, excellent education opportunities, and a strong and growing economy, making it a wonderful place to live.

Rental Market Trends

Ann Arbor, MI

As of April 2025, Ann Arbor's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Ann Arbor's average rent is 51.9% ($714) higher than the Michigan average of $1,376 and 16.9% ($302) higher than the U.S. average of $1,788.

Average Rent
$2,090
Monthly ChangeMonth Over Month Change
Decreased1.6% ($33)
Yearly ChangeYear Over Year Change
Decreased2.9% ($63)
Avg. Days on MarketAverage Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,769 Increased2.3% ($39) Increased8.1% ($132)
2 Beds $2,432 Increased1% ($24) Increased13.6% ($291)
3 Beds $3,533 Decreased2.6% ($95) Increased6.5% ($217)
Nearby Cities Average Rent Avg. Rent vs. Ann ArborAverage Rent vs. Ann Arbor Avg. Days on MarketAverage Days on Market
Ypsilanti $1,292 Decreased38.2% ($798) 31 days
Whitmore Lake $1,457 Decreased30.3% ($633) 34 days
Plymouth $1,465 Decreased29.9% ($625) 40 days
Canton $1,576 Decreased24.6% ($514) 35 days
Northville $1,813 Decreased13.3% ($277) 39 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Ann Arbor Rental Market FAQs

Explore rental prices, market trends, and availability in Ann Arbor, MI.

The average rent in Ann Arbor, MI is $2,090 per month.
Homes in Ann Arbor typically rent for between $1,238 and $4,593 per month, with an average of $2,090 per month.
In Ann Arbor, the average rent for a 1-bedroom home is $1,769 per month, for a 2-bedroom home, $2,432 per month, and a 3-bedroom home is $3,533 per month.
The average rent in Ann Arbor is 16.9% ($302) higher than the national average of $1,788 per month.
The average rent in Ann Arbor has decreased by 1.6% ($33) in the last month and decreased by 2.9% ($63) over the past year.
The rental market in Ann Arbor, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Ann Arbor, MI, the average rental stays on the market for approximately 36 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 438 rental properties available in Ann Arbor, MI.
Based on the current averages, a household would need an annual income of $97,280 to comfortably afford a 2-bedroom home in Ann Arbor.
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