Apartments & Condos for Rent in Ann Arbor, MI

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What to Know About

Living in Ann Arbor, MI

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 48.9% ($668) higher than the Michigan average of $1,367 and 13.1% ($236) higher than the U.S. average of $1,799.

Average Rent
$2,035
Monthly ChangeMonth Over Month Change
Decreased2.6% ($55)
Yearly ChangeYear Over Year Change
Decreased2.7% ($56)
Avg. Days on MarketAverage Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,761 Decreased0.5% ($8) Increased10.4% ($166)
2 Beds $2,430 Decreased0.1% ($2) Increased15.4% ($324)
3 Beds $3,626 Increased2.6% ($93) Increased10.2% ($337)
Nearby Cities Average Rent Avg. Rent vs. Ann ArborAverage Rent vs. Ann Arbor Avg. Days on MarketAverage Days on Market
Ypsilanti $1,220 Decreased40% ($815) 31 days
Whitmore Lake $1,457 Decreased28.4% ($578) 34 days
Plymouth $1,472 Decreased27.7% ($563) 40 days
Canton $1,641 Decreased19.4% ($394) 35 days
Northville $1,813 Decreased10.9% ($222) 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 $2,035 per month.
Apartments in Ann Arbor typically rent for between $1,233 and $4,714 per month, with an average of $2,035 per month.
In Ann Arbor, the average rent for a 1-bedroom apartment is $1,761 per month, for a 2-bedroom apartment, $2,430 per month, and a 3-bedroom apartment is $3,626 per month.
The average rent in Ann Arbor is 13.1% ($236) higher than the national average of $1,799 per month.
The average rent in Ann Arbor has decreased by 2.6% ($55) in the last month and decreased by 2.7% ($56) 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 $97,200 to comfortably afford a 2-bedroom apartment in Ann Arbor.
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