ZIP 48103
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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 48103 usually run 1.5% below trend in December and 1.6% above it in June, about $64 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 48103 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 48103 changed +4.4% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.
From 2019 to 2024, rent in ZIP 48103 rose 30.7% while median household income rose 21.4% ($95,727 to $116,194). Rent outpaced income.
Rent in ZIP 48103 is 36.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 7 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($116,194) is $2,905 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,750).
3rd cheapest of 4 ZIP codes in Ann Arbor.
ZIP 48108, 6 miles away, rents for 23% less ($1,584/mo), about $5,600 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 48103. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 48103 (Ann Arbor, MI) is majority owner-occupied, has a median income above the national average, 75.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 48103 in Ann Arbor, MI has changed in 5 years
The median rent in ZIP 48103 in Ann Arbor, MI stood at $1,580 in 2021 and currently runs about $2,050, reflecting a 29.7% increase over the period. Median household income rose from $106,715 to $116,194 between 2021 and 2024, a 8.9% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.6% since 2021, moving from about 55,935 residents to roughly 55,054. Taken together, the five-year picture in ZIP 48103 in Ann Arbor, MI reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 48103
Last updated: October 17, 2026
ZIP code 48103 covers Ann Arbor, MI. The median rent here is $2,050/mo as of October 2026. A 1-bedroom rents for a median of $1,740/mo. A 2-bedroom rents for a median of $2,080/mo.
At 21% of local median household income ($116,194/yr), ZIP 48103 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.
Frequently asked questions
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How does ZIP 48103 compare to the rest of Ann Arbor?
At $2,050/mo, rent takes ~21% of ZIP 48103's median household income ($116,194/yr). The standard benchmark is 30%.
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