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 August 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 42.7% ($590) higher than the Michigan average of $1,383 and 10.2% ($183) higher than the U.S. average of $1,790.

Average Rent

$1,973

Monthly ChangeMonth Over Month Change

2% ($41)

Yearly ChangeYear Over Year Change

2.5% ($51)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,713	2.3% ($40)	8.2% ($152)
2 Beds	$2,307	3.4% ($80)	2.1% ($50)
3 Beds	$2,943	6.4% ($201)	5.9% ($184)

Nearby Cities	Average Rent	Avg. Rent vs. Ann ArborAverage Rent vs. Ann Arbor	Avg. Days on MarketAverage Days on Market
Ypsilanti	$1,275	35.4% ($698)	31 days
South Lyon	$1,593	19.3% ($380)	36 days
Plymouth	$2,722	38% ($749)	40 days
Canton	$1,684	14.6% ($289)	35 days
Chelsea	$2,685	36.1% ($712)	33 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.

What is the average rent in Ann Arbor, MI?

The average rent in Ann Arbor, MI is $1,973 per month.

What is the rental price range for apartments in Ann Arbor, MI?

Apartments in Ann Arbor typically rent for between $1,199 and $3,826 per month, with an average of $1,973 per month.

What is the average rent for different bedroom sizes in Ann Arbor, MI?

In Ann Arbor, the average rent for a 1-bedroom apartment is $1,713 per month, for a 2-bedroom apartment, $2,307 per month, and a 3-bedroom apartment is $2,943 per month.

How do rent prices in Ann Arbor, MI compare with the national average?

The average rent in Ann Arbor is 10.2% ($183) higher than the national average of $1,790 per month.

How have rent prices in Ann Arbor, MI changed recently?

The average rent in Ann Arbor has decreased by 2.0% ($41) in the last month and decreased by 2.5% ($51) over the past year.

How competitive is the rental market in Ann Arbor, MI?

The rental market in Ann Arbor, MI, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Ann Arbor, MI?

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.

How many rental properties are available in Ann Arbor, MI?

There are currently 128 rental properties available in Ann Arbor, MI.

Can I afford to rent an apartment in Ann Arbor, MI?

Based on the current averages, a household would need an annual income of $92,280 to comfortably afford a 2-bedroom apartment in Ann Arbor.