Cheapest Neighborhoods in Ypsilanti, MI
Some of the cheapest neighborhoods in Ypsilanti are Depot Town, Downtown Ypsilanti, and Ford Lake. These neighborhoods offer some of the lowest rent prices in Ypsilanti, making them ideal for renters on a budget. As of September 19, 2026, the average rent in Ypsilanti is $1,104, which is 3.4% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Depot Town
Average Rent
$1,050/Month
Year-Over-Year Rent Change
1.5%
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Ypsilanti, Depot Town might be the perfect place! It has an average rent price of $1,050, while the city’s average stands at $1,104. In the last year, prices have increased by 1.5%. Depot Town is near Michigan, Ypsilanti Plaza, and Rolling Hills Park.
Downtown Ypsilanti
Average Rent
$1,078/Month
Year-Over-Year Rent Change
0.6%
Units Available
32 Rentals
Downtown Ypsilanti is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Ypsilanti is $1,078 while the city average is $1,104. This is a 0.6% difference from last year. Residents enjoy convenient access to Matthaei Botanical Gardens, Nichols Arboretum, and Detroit Metro Wayne County.
Ford Lake
Average Rent
$1,138/Month
Year-Over-Year Rent Change
10.5%
Units Available
26 Rentals
When you’re looking for a great Ypsilanti neighborhood on a budget, check out Ford Lake. The average rent is $1,138, compared to the city average of $1,104. Rent prices have increased by 10.5%. Ford Lake is convenient to Eastern Michigan University, Detroit Metro Wayne County, and Michigan.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.