Cheapest Neighborhoods in Ypsilanti, MI
Some of the cheapest neighborhoods in Ypsilanti are Midtown Ypsilanti, Depot Town, and Ford Lake. These neighborhoods offer some of the lowest rent prices in Ypsilanti, making them ideal for renters on a budget. As of June 21, 2026, the average rent in Ypsilanti is $1,101, which is 0.1% lower 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.
Midtown Ypsilanti
Average Rent
$1,073/Month
Year-Over-Year Rent Change
1.4%
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Ypsilanti, Midtown Ypsilanti might be the perfect place! It has an average rent price of $1,073, while the city’s average stands at $1,101. In the last year, prices have increased by 1.4%. Midtown Ypsilanti is near Michigan, Parker Mill Park, and Eastern Plaza.
Depot Town
Average Rent
$1,081/Month
Year-Over-Year Rent Change
1.5%
Units Available
12 Rentals
Depot Town is a top choice for budget-conscious renters for a variety of reasons. The average rent in Depot Town is $1,081 while the city average is $1,101. This is a 1.5% difference from last year. Residents enjoy convenient access to Ypsilanti Plaza, Detroit Metro Wayne County, and Nichols Arboretum.
Ford Lake
Average Rent
$1,103/Month
Year-Over-Year Rent Change
4.4%
Units Available
46 Rentals
When you’re looking for a great Ypsilanti neighborhood on a budget, check out Ford Lake. The average rent is $1,103, compared to the city average of $1,101. Rent prices have increased by 4.4%. Ford Lake is convenient to Michigan, Parker Mill Park, and Wayne County C.C., Western.
Downtown Ypsilanti
Average Rent
$1,108/Month
Year-Over-Year Rent Change
0.6%
Units Available
60 Rentals
Downtown Ypsilanti is an affordable neighborhood in Ypsilanti with an average rent price of $1,108. Compare this to the city average of $1,101. In the past year, rent prices have increased by 0.6%. Downtown Ypsilanti provides easy access to Matthaei Botanical Gardens, Eastern Michigan University, 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.