Ann Arbor, Michigan is a desirable city that offers a great quality of life for both home buyers and renters. With a vibrant downtown, excellent educational opportunities, and plenty of outdoor activities, it’s no surprise that Ann Arbor has become one of the most sought-after cities in the Midwest.
The Ann Arbor rental market is strong and has seen steady growth in recent years. The average rent for a one-bedroom apartment in Ann Arbor is around $1,300, while two-bedroom apartments average around $1,650. Prices vary depending on the neighborhood, with some areas being quite expensive and others more affordable. Generally, the closer you are to downtown, the higher the rent.
When it comes to education, Ann Arbor has some of the highest-ranked schools in the country. The University of Michigan is the top-ranked university in the state and is home to a number of highly rated colleges and departments. There are also several other universities and colleges in Ann Arbor, making the city a great choice for students and families.
The Ann Arbor area is home to a number of great neighborhoods, such as downtown, Old West Side, Kerrytown, and Burns Park.
The average rental prices of an apartment, townhouse, condo, loft, and single family home in Ann Arbor, MI are:
Apartment: $1,140
Townhouse: $1,850
Condo: $2,000
Loft: $2,100
Single Family Home: $2,400
Rental prices in Ann Arbor, MI have increased substantially over the last 5 years. According to Zillow, the median rent price in Ann Arbor in 2015 was $1,450, while the median rent price in 2020 is $1,837, an increase of 26.6%. Additionally, the median rent price in Ann Arbor has increased by 4.6% year-over-year in the last five years.
1-Bedroom: $1,200
2-Bedroom: $1,500
3-Bedroom: $1,700
Ann Arbor Public Schools (AAPS) is one of the highest-performing school districts in the United States. AAPS consistently ranks in the top 10 in the nation for student achievement, according to U.S. News & World Report. The district has been recognized for its high-quality curriculum, innovative programs, and outstanding staff. Students in the district have access to a wide range of educational opportunities, including advanced placement courses, dual enrollment, and career and technical education programs. In addition, the district has excellent student support services, including an extensive mental health program. Ann Arbor is also known for its commitment to diversity, equity, and inclusion. The district has an active diversity, equity, and inclusion plan, as well as a number of initiatives designed to close achievement gaps between student groups.
Ann Arbor Public Schools (Washtenaw County)
Saline Area Schools (Washtenaw County)
Dexter Community Schools (Washtenaw County)
Chelsea School District (Washtenaw County)
Lincoln Consolidated Schools (Washtenaw County)
1. Downtown Ann Arbor
2. Kerrytown
3. Old West Side
4. Burns Park
5. Water Hill
1. Burning Tree
2. Barton Hills
3. Old West Side
4. Woodland Hills
5. The Geddes-Loch Alpine Neighborhood