Current Tenants have first right to renew. If they do not renew, this unit will be available for an August 21, 2027 lease start. Reach out today to be added to the waitlist.
315 E Liberty is a unique loft-style house in the heart of downtown Ann Arbor. It offers a rare opportunity to live surrounded by great shops, bars, and restaurants, while being just a few blocks from the University of Michigan's central campus.
The house features: 5 bedrooms, all located on the second floor. 2 full bathrooms. A spacious 3rd floor loft with the kitchen and living room. Kitchen includes oven, refrigerator, and ample cabinet/countertop space. Basement laundry is available as an optional opt-in amenity. If tenants opt in, the cost will be $15/month per tenant for the entirety of the lease term (not pro-rated). Storage in the basement is not allowed. No parking included. Parking spaces may be available behind the building and will be an additional $180/month if approved. The unit comes unfurnished.
Details: Tenants are responsible for all utilities: gas, electric, water/sewer/trash/recycling, and internet. Lawn care and snow removal are included in rent. No pets allowed. Security deposit: 1.5x the rent. No application fee. Non-refundable $50 lease processing fee per tenant, only charged if lease is signed. Amenities: Range/Oven. Heating: forced air.
9 days on RentalSource
RentalSource last checked: 13 hours ago · Listing updated: November 3, 2026
This 5-bedroom, 2-bathroom apartment at 315 E Liberty St in Ann Arbor, MI 48104 rents for $4,950 a month. It has 1,590 square feet. 315 E Liberty St was advertised by Baker Street Properties on November 3, 2026.
How the Rent Compares
At $4,950 a month, this apartment is below the typical rent for 4+ bedroom apartments and condos in Ann Arbor (about $6,330).
Typical $6,330This home $4,950
$3,880$8,000
From 56 apartments and condos with four or more bedrooms listed in Ann Arbor on RentalSource in November 2026: the scale holds eight in ten of them, and the shaded band the middle half.
$6,330Typical rent for 4+ bedroom apartments and condos in Ann Arbor
Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.
Recommended income
$198,000 /year
With your chosen rent-to-income ratio, an annual income of $198,000 is recommended to comfortably afford this 5-bedroom rental priced at $4,950 per month.
How long would the trip to work or school be from here? Add where you go, and see the drive, bike ride or walk from this home and from every home you look at.
Drive times are for average traffic, so rush hour can take longer.
