The George
2502 Packard St,
Ann Arbor, MI 48104
Studio - 3 Beds | $1,744 - 3,195
Rental Market Trends in Ann Arbor, MI
What is the average rent in Ann Arbor, MI?
$1,627/month
Average Rent
718 Sq Ft
Average Apartment Size
+2.4%
Increase in the Last Year
As of November 2024, the average rent in Ann Arbor, MI is $1,627 per month. For comparison, the national average rent price in the US is currently $1,559/month, which means Ann Arbor rent prices are 4% higher than the national average. When you rent an apartment in Ann Arbor, you can expect to pay about $1,588 per month for a studio, $1,627 for a one-bedroom apartment, and around $1,903 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,422 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Ann Arbor, MI?
In the past year, rent has increased by 2.4%, which averages out to $39 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2024
Legend
2023
2024
Rent Ranges in Ann Arbor, MI
Last Updated November 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
4%
$700 - $1,000/month
32%
$1,001 - $1,500/month
37%
$1,501 - $2,000/month
27%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Ann Arbor?
Based on current rent prices, Bryant, Vet's Park Triangle and Kimberly Hills are the most affordable neighborhoods in Ann Arbor.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Ann Arbor?
Based on current rent prices, Southeast Ann Arbor, Plansmart and Downtown Ann Arbor are the most expensive neighborhoods in Ann Arbor.
Neighborhood
Average Rent
Average Sq Ft
Which Ann Arbor neighborhoods have the most rentals available?
The neighborhoods in Ann Arbor with the most apartments available are Ann Arbor Scio, Pittsfield Lodi and Plansmart .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Ann Arbor, MI?
Because the average rent in Ann Arbor is $1,627, you’ll want to make about $5,423 per month or $65,076 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Ann Arbor, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Ann Arbor, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$905/month
One Bedroom
-
$1,269/month
Two Bedroom
-
$1,748/month
Three Bedroom
-
$2,073/month
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.