Average Rent in Ann Arbor, MI

Ann Arbor rentals average $2,398 for a studio rental to $3,925 for a 4-bedroom rental. The median price of all currently available listings is $2,250, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $1,234 (106.09%) year-over-year from $1,163 to $2,398. 1-bedroom rentals prices have increased by $321 (22.14%) year-over-year from $1,449 to $1,770. 2-bedroom rentals prices have increased by $263 (13.55%) year-over-year from $1,938 to $2,200. 3-bedroom rentals prices have decreased by $242 (-9.51%) year-over-year from $2,542 to $2,300. 4-bedroom rentals prices have decreased by $415 (-9.51%) year-over-year from $4,365 to $3,950. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 47.61% this month. 1-bedroom rents have gone up by 10.67% this month. 2-bedroom rents have gone up by 1.03% this month. 3-bedroom rents have gone down by 16.36% this month. 4-bedroom rents have gone down by 27.21% this month.