Homes & Apartments for Rent in 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

As of May 2026, 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 43.4% ($618) higher than the Michigan average of $1,424 and 14.1% ($253) higher than the U.S. average of $1,789.

Average Rent
$2,042
Monthly ChangeMonth Over Month Change
Decreased0.5% ($10)
Yearly ChangeYear Over Year Change
Increased1.3% ($26)
Avg. Days on MarketAverage Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,652 Decreased1.9% ($32) Decreased5.9% ($104)
2 Beds $2,277 Decreased0.3% ($7) Decreased4.5% ($107)
3 Beds $3,409 Decreased7.3% ($267) Decreased4.3% ($155)
Nearby Cities Average Rent Avg. Rent vs. Ann ArborAverage Rent vs. Ann Arbor Avg. Days on MarketAverage Days on Market
Ypsilanti $1,209 Decreased40.8% ($833) 31 days
South Lyon $1,693 Decreased17.1% ($349) 36 days
Plymouth $1,367 Decreased33.1% ($675) 40 days
Canton $1,708 Decreased16.4% ($334) 35 days
Northville $2,087 Increased2.2% ($45) 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 $2,042 per month.
Homes in Ann Arbor typically rent for between $1,156 and $4,432 per month, with an average of $2,042 per month.
In Ann Arbor, the average rent for a 1-bedroom home is $1,652 per month, for a 2-bedroom home, $2,277 per month, and a 3-bedroom home is $3,409 per month.
The average rent in Ann Arbor is 14.1% ($253) higher than the national average of $1,789 per month.
The average rent in Ann Arbor has decreased by 0.5% ($10) in the last month and increased by 1.3% ($26) 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 290 rental properties available in Ann Arbor, MI.
Based on the current averages, a household would need an annual income of $91,080 to comfortably afford a 2-bedroom home in Ann Arbor.
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