Rental market snapshot for Ann Arbor, Michigan
Ann Arbor, Michigan Rental Property Market Overview
Ann Arbor, Michigan is a vibrant city located in the southeastern part of the state. With a population of 121,536 according to the US Census in 2021, it is the sixth largest city in Michigan. Ann Arbor is home to the University of Michigan, which is one of the top universities in the country. The city is known for its diverse culture, vibrant nightlife, and abundance of outdoor activities. Ann Arbor is also home to a variety of restaurants, shops, and entertainment venues.
The average rent for an apartment in Ann Arbor is $1,634. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by 6.5% over the past year.
Last Updated April 22, 2023
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Average monthly rent graph in Ann Arbor Michigan | Cost of Living
- The most expensive ZIP code in Ann Arbor is 48105 with an average price of $2,075
- The cheapest ZIP code in Ann Arbor is 48108 with an average price of $1,239
Ann Arbor ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 48105 | $2,075 |
| 2 | 48104 | $2,069 |
| 3 | 48103 | $1,578 |
| 4 | 48108 | $1,250 |
Live near Ann Arbor, Michigan's Top Sights and Attractions
The Diag is a large open area in the center of a college campus. It is surrounded by iconic buildings, including a library and a chapel. The Diag is a popular gathering spot for students, faculty, and visitors alike. It is a great place to relax, people watch, and take in the sights and sounds of the campus.
University of Michigan is a large public research university located in Ann Arbor, Michigan. Founded in 1817, it is the oldest university in the state and one of the most prestigious universities in the world. The university is home to a diverse student body of over 45,000 students from all 50 states and over 100 countries. The university is known for its top-ranked programs in business, engineering, law, medicine, and social sciences. The university also offers a wide range of activities and events for students, including sports, performing arts, and cultural events. The university's campus is home to a variety of museums, libraries, and other attractions, making it a great place to explore and learn.
Broadway Dog Park is a large, fenced-in dog park located in a residential area. It features a large, grassy area for dogs to run and play, as well as a separate area for small dogs. There are benches and picnic tables for owners to relax and watch their pets, and a water fountain for both dogs and humans. The park also has a few agility obstacles for dogs to practice their skills.
Southeast Area Park is a large, lush park located in a residential area. It features a variety of outdoor activities, including walking trails, a playground, a picnic area, and a pond. The park also has a large open field, perfect for playing sports or having a picnic. The park is well-maintained and offers a peaceful escape from the hustle and bustle of the city.
Douglas Park is a large public park located in Ann Arbor, Michigan. It features a variety of outdoor activities, including a playground, walking trails, picnic areas, and a large pond. The park also has a large open field, perfect for sports and other activities. The park is well-maintained and offers a peaceful and tranquil atmosphere for visitors to enjoy.
Bromley Park is a popular outdoor destination located in Ann Arbor, Michigan. It features a large pond, walking trails, and a variety of wildlife. The park also has a playground, picnic areas, and a pavilion. Visitors can enjoy fishing, bird watching, and other recreational activities. The park is also home to a variety of native plants and trees, making it a great spot for nature lovers.
South University Park is a large public park located in the heart of a bustling college town. It features a variety of recreational activities, including walking trails, playgrounds, and sports fields. The park also has a large pond, which is home to a variety of wildlife, including ducks, geese, and turtles. In addition, the park is home to a variety of trees, shrubs, and flowers, making it a great place to relax and enjoy nature.
Gallup Park is a beautiful park located on the Huron River in Ann Arbor. It features a variety of outdoor activities, including walking and biking trails, a canoe livery, a playground, and a picnic area. The park also features a variety of wildlife, including birds, turtles, and fish. The park is a great place to relax and enjoy nature, as well as take in the stunning views of the river.
The Towsley Museum is a museum located in Schembechler Hall that celebrates the history of college football. It features interactive exhibits, artifacts, and memorabilia from the University of Michigan's football program, as well as other college football teams. Visitors can explore the history of the game, learn about the coaches and players who have made an impact, and view artifacts from the early days of the sport. The museum also hosts special events and lectures throughout the year.
Veterans Memorial Park is a tranquil and beautiful park located in a bustling college town. It is a popular spot for locals and visitors alike, and features a large pond, walking paths, and plenty of green space. The park is home to a memorial honoring veterans, and also has a playground, picnic areas, and a gazebo. Visitors can also enjoy the park's many trees, shrubs, and flowers, as well as the occasional wildlife.
Ann Arbor, Michigan area median rent change by ZIP code map
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How does Ann Arbor compare to other cities in Michigan ?
| city | median price |
|---|---|
| Muskegon | $1,295 |
| Rochester Hills | $1,995 |
| Howell | $2,070 |
| Berkley | $1,995 |
| Fenton | $1,499 |
| East Lansing | $898 |
| Southgate | $999 |
| Roseville | $1,060 |
| Waterford | $1,295 |
Average household income in Ann Arbor area graph - US Census
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The median household income in Ann Arbor in 2021 was $73,276. This represents a 37.3% change from 2011 when the median was $53,377.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 10.5% |
| 1 | $10,000 to $14,999 | 4.3% |
| 2 | $15,000 to $19,999 | 3.3% |
| 3 | $20,000 to $24,999 | 3.6% |
| 4 | $25,000 to $29,999 | 3.6% |
| 5 | $30,000 to $34,999 | 3.6% |
| 6 | $35,000 to $39,999 | 2.6% |
| 7 | $40,000 to $44,999 | 3.0% |
| 8 | $45,000 to $49,999 | 3.5% |
| 9 | $50,000 to $59,999 | 6.8% |
| 10 | $60,000 to $74,999 | 7.8% |
| 11 | $75,000 to $99,999 | 11.2% |
| 12 | $100,000 to $124,999 | 9.5% |
| 13 | $125,000 to $149,999 | 5.8% |
| 14 | $150,000 to $199,999 | 9.0% |
| 15 | $200,000 or more | 12.0% |
