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Homes & Apartments for Rent in Ann Arbor, MI 48104

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What to Know About

Living in 48104

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

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As of November 2026, Ann Arbor's rental market is stable, with rentals spending about 24 days on the market, about the same as in Michigan (24), and rents down 3.2% over the past year. Ann Arbor's average rent is 40.9% ($641) higher than the Michigan average of $1,569 and 8.5% ($174) higher than the U.S. average of $2,036.

Average Rent
$2,210
Monthly ChangeMonth Over Month Change
Decreased0.09% ($2)
Yearly ChangeYear Over Year Change
Decreased3.2% ($73)
Days on Market
24
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,536 Increased0.30% ($5) Decreased0.9% ($15)
2 Beds $2,146 Decreased0.61% ($13) Decreased6.6% ($151)
3 Beds $3,337 Increased0.50% ($17) Increased2.7% ($87)
Nearby Cities Average Rent Avg. Rent vs. Ann ArborAverage Rent vs. Ann Arbor Days on Market
Ypsilanti $1,279 Decreased42.1% ($931) 22 days
Whitmore Lake $1,689 Decreased23.6% ($521) 24 days
Dexter $2,278 Increased3.1% ($68) 25 days
Saline $2,179 Decreased1.4% ($31) 24 days
South Lyon $2,300 Increased4.1% ($90) 27 days
Based on rentals advertised on RentalSource in and around Ann Arbor.
Frequently Asked Questions
Ann Arbor Rental Market FAQs

Explore rental prices, market conditions, and affordability in Ann Arbor, MI.

The average rent in Ann Arbor, MI is $2,210 per month.
In Ann Arbor, the average rent is $1,536 per month for a 1-bedroom home, $2,146 for a 2-bedroom home and $3,337 for a 3-bedroom home.
The average rent in Ann Arbor is 8.5% ($174) higher than the national average of $2,036 per month.
The rental market in Ann Arbor, MI is currently stable, with rentals spending about 24 days on the market, about the same as in Michigan (24), and rents down 3.2% over the past year.
Based on the current averages, a household would need an annual income of $85,800 to comfortably afford a 2-bedroom home in Ann Arbor.
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