Ann Arbor, MI Rental Market
Ann Arbor is home to the University of Michigan — a world-class research university with over 47,000 students — and has parlayed that foundation into one of the strongest tech ecosystems in the Midwest. Major employers include Michigan Medicine (U-M Health), Toyota's North American Research & Development Center, and a flourishing startup scene. Consistent student and professional demand, top-ranked schools, and a vibrant downtown make Ann Arbor the most premium rental market in Michigan.
Get a rent estimate for an address in Ann ArborAverage Rent in Ann Arbor, MI
$1,650
per month · 2026-06
Market Score
Key Facts — Ann Arbor, MI Rental Market
- Average rent in Ann Arbor, MI:$1,650/mo
- Median rent:$1,518/mo
- Rent range:$825 – $3,650/mo
- Most common rental (2 bedrooms):$1,450/mo
- Active listings:820
- Avg days to lease:27 days
- Year-over-year change:+3.8%
- Median home value:$380,000
- Est. gross annual yield:5.2%
- Data as of:2026-06
Rent by Bedroom in Ann Arbor, MI
Average monthly rent for each bedroom type based on current active listings in Ann Arbor.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,200/mo |
2 Bedrooms | $1,450/mo |
3 Bedrooms | $1,850/mo |
4 Bedrooms | $2,275/mo |
5 Bedrooms | $2,600/mo |
Ann Arbor Rental Market Statistics
Key indicators from the current Ann Arbor, MI rental market.
820
Available now in Ann Arbor
27
From list to lease
$1.25
Average across listings
1,318 sq ft
Typical rental size
$825 – $3,650
Min to max active listings
+3.8%
Avg rent vs. prior year
Investing in Ann Arbor, MI Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$380,000
Typical purchase price in Ann Arbor
Est. Gross Annual Yield
5.2%
Before expenses & vacancy
Avg Monthly Income
$1,650
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Ann Arbor for a full cash-flow breakdown including all costs.
Ann Arbor, MI Rental Market FAQ
Common questions about renting and investing in Ann Arbor, MI.
What is the average rent in Ann Arbor, MI?
The average rent in Ann Arbor, MI is $1,650 per month as of 2026. One-bedroom apartments average $1,200/mo, two-bedrooms $1,450/mo, and three-bedroom homes $1,850/mo — the highest rents in Michigan outside of select Detroit submarkets.
Is Ann Arbor, MI a good place to invest in rental property?
Ann Arbor offers a 5.2% estimated gross yield — lower than Detroit metro suburbs due to high home prices — but provides exceptional tenant quality, near-zero vacancy during academic terms, and consistent 3–4% annual rent growth. U of M's 47,000-student enrollment creates a perpetually renewing demand base that survives any individual employer cycle.
How competitive is the Ann Arbor, MI rental market?
Ann Arbor averages just 27 days on market with approximately 820 active listings. The market is highly competitive year-round, driven by U of M demand, Michigan Medicine staff, and tech workers. Properties within walking distance of central campus or downtown are among the fastest-leasing in Michigan.
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