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ZIP Code · MI

ZIP 48103

Pop. 55,054·Washtenaw County·11th most expensive ZIP in Michigan
Median rent (all units)
$2,087/mo
Year-over-Year
-9.7%
Month-over-Month
-0.9%
vs US Median
+$122
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 48103 · $2,087
More expensive than 65% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,710
1 BR
$1,740
2 BR
$2,080
3 BR
$2,490
4 BR+
$2,750
Research median
$2,080/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$25,044/yr
At $2,087/mo median
Location
StateMI
CountyWashtenaw County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 9.7% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-9.7% YoY, -0.9% MoM), not inventory.
Demographics

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.

Population
55,054
Median income
$116,194
Median age
39.7
Renters
33.5%
Age distribution
19.5%
23.7%
25.9%
12.2%
18.7%
Under 1819.5%
18–3423.7%
35–5425.9%
55–6412.2%
65+18.7%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
70.8%
White70.8%
Black5.8%
Hispanic7.2%
Asian9.5%
Other6.7%
Education (25+)
14.2%
75.3%
No HS diploma2.4%
HS diploma8.1%
Some college14.2%
Bachelor's+75.3%
Housing tenure
66.5%
33.5%
Owner66.5%
Renter33.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 48103 in Ann Arbor, MI has changed in 5 years

Rent
$1,781 → $2,087
up 17.2%
Income
$106,715 → $116,194
up 8.9%
Population
55,935 → 55,054
down 1.6%
Renter share
32.2% → 33.5%
+1.3 pts
Bachelor's+
76.2% → 75.3%
-0.9 pts
Median age
38.9 → 39.7
+0.8 yrs

The median rent in ZIP 48103 in Ann Arbor, MI stood at $1,781 in 2021 and currently runs about $2,087, reflecting a 17.2% 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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Local insights

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About renting in ZIP 48103

Last updated: July 20, 2026

ZIP code 48103 covers Ann Arbor, MI. The median rent here is $2,087/mo as of July 2026. A 1-bedroom rents for a median of $1,740/mo. A 2-bedroom rents for a median of $2,080/mo.

At 22% of local median household income ($116,194/yr), ZIP 48103 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 9.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48103?

As of July 20, 2026, the median monthly rent in ZIP 48103 (Ann Arbor, MI) is $2,087. This is based on aggregated data from public sources and community submissions.

How does ZIP 48103 rent compare to the US average?

ZIP 48103's median rent of $2,087/mo is $122 (6%) above the US national median of $1,965/mo.

How does ZIP 48103 compare to other ZIPs in Michigan?

ZIP 48103 is one of the pricier ZIP codes in Michigan, ranking #11 out of 165 ZIPs tracked at $2,087/mo.

How much income do you need to rent in ZIP 48103?

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (~$40/hour full-time) to afford the median rent of $2,087/mo in ZIP 48103. The local median household income is $116,194/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48103?

Rent in ZIP 48103 has decreased 9.7% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 48103 an affordable place to rent?

ZIP 48103 is considered very affordable for renters. At $2,087/mo, rent takes approximately 22% of the local median household income ($116,194/yr). The standard benchmark is 30%. ZIP 48103 falls comfortably within that range.

What percentage of ZIP 48103 residents rent vs. own?

According to Census data, approximately 33.5% of ZIP 48103 households are renters, while 66.5% are owner-occupied. ZIP 48103 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48103 compare to the rest of Ann Arbor?

ZIP 48103 is more affordable than Ann Arbor overall. At $2,087/mo, it's $72 below the Ann Arbor citywide median of $2,159/mo.

When was rent data for ZIP 48103 last updated?

Rent data for ZIP 48103 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $2,087/mo, rent takes ~22% of ZIP 48103's median household income ($116,194/yr). The standard benchmark is 30%.

ZIP 48103 22%Benchmark 30%
State income tax4.25%
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