Looking for a cheap apartment for rent in Ypsilanti, MI? With RENTCafé, finding an affordable apartment in Ypsilanti, MI has never been easier. We feature 1 low-priced rental directly from property managers, with rents lower than the Ypsilanti, MI average. What is a cheap rent in Ypsilanti, MI? The average apartment rent in Ypsilanti is $1,065 per month so any rental south of $852 would be considered cheap here. Size matters though, so if you are in a market for a studio, expect to pay around $606 per month. If you’re looking to upgrade to a 1-bedroom apartment you’ll pay around $659, while a cheap 2-bedroom apartment will cost you about $775 per month. If you’re looking to rent in the cheapest Ypsilanti neighborhood, check out the rentals in Ann Arbor, where the average rent is $1,472/month.