ZIP 48104
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
August. Asking rents in ZIP 48104 usually run 1.2% below trend in August and 0.8% above it in November, about $41 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 48104 is at its highest level since Zillow's records here began in May 2016.
Rent in ZIP 48104 changed +1.9% 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 48104 rose 31.7% while median household income rose 9.3% ($58,788 to $64,231). Rent outpaced income.
Rent in ZIP 48104 is 42.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($64,231) is $1,606 a month. That is less than HUD's Fair Market Rent for a studio ($1,620).
2nd cheapest of 4 ZIP codes in Ann Arbor.
ZIP 48108, 3 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 48104. 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 48104 (Ann Arbor, MI) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 80.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 48104 in Ann Arbor, MI has changed in 5 years
Since 2021, the typical rent in ZIP 48104 in Ann Arbor, MI has climbed from $1,549 to $2,048, a 32.2% change over five years. On the earnings side, the typical household in ZIP 48104 in Ann Arbor, MI now reports about $64,231, up from $58,082 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 48104 in Ann Arbor, MI reflects that arc in its own way.
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Tips for renters in ZIP 48104
Last updated: October 17, 2026
ZIP code 48104 covers Ann Arbor, MI. The median rent here is $2,048/mo as of October 2026. A 1-bedroom rents for a median of $1,650/mo. A 2-bedroom rents for a median of $1,970/mo.
At 38% of local median household income ($64,231/yr), ZIP 48104 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.
Frequently asked questions
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How does ZIP 48104 compare to the rest of Ann Arbor?
At $2,048/mo, rent takes ~38% of ZIP 48104's median household income ($64,231/yr). The standard benchmark is 30%.
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