Zumper
modified
Updated 15 Hours Ago

Highlights

  • Modern living
  • Ample space
  • On-site parking
  • Recently updated kitchens
  • Central ac
  • Recently updated bathrooms

Location

518 Monroe St, Ann Arbor, MI 48104, USA
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Tour 518 Monroe

Contact

Management

PROPERTY MANAGEMENT SPECIALISTS, INC.

Leasing office

(734) 665-5552

Property Overview

518 Monroe offers modern living with ample space, on-site parking, recently updated kitchens and bathrooms, and central AC. It earned a strong Zumper Expert Rating of 8.8, with standout marks for price, amenities, location, and trustworthiness, while its nearby restaurants, event hubs, parks, transit options, and walkability support an active, convenient lifestyle.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.8
Very Good
With a solid 8.8 out of 10 overall, 518 Monroe is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 518 Monroe has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Great for

  • Eco living
  • Social life

Floor plans

6BR/3.0BA6 bed3 bath$6,790 /mo1 unit availableLocated just steps from Central Campus, this Ann Arbor home offers an unbeatable location for University of Michigan students and professionals. With the Law School, Ross School of Business, and downtown Ann Arbor all nearby, you’ll be perfectly positioned to enjoy the convenience, energy, and excitement of campus living. This spacious residence, Available August 2026, boasts six bedrooms and three bathrooms, offering ample space for comfort and convenience. This home can occupy a maximum of seven people. 518 Monroe is equipped with central AC, ensuring a pleasant atmosphere throughout the year. The property also offers on-site parking, adding an extra layer of convenience to your daily routine. The house comes fully furnished, with a TV provided, allowing you to move in and start enjoying your new home immediately. The two kitchens and two bathrooms have been recently updated, combining modern aesthetics with functionality! This home is a perfect blend of comfort, convenience, and modern living. Don't miss out on this fantastic opportunity! Single Rooms for Rent -Just Steps from Campus!

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Amenities for 518 Monroe

Apartment Amenities

Air ConditioningFurnished

Appliances

Central A/CFridge
OvenRange
RefrigeratorStove

Grounds

Parking Onsite
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units2
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About 518 Monroe

HomeApartments in Ann Arbor 518 Monroe

Located just steps from Central Campus, this Ann Arbor home offers an unbeatable location for University of Michigan students and professionals. With the Law School, Ross School of Business, and downtown Ann Arbor all nearby, you’ll be perfectly positioned to enjoy the convenience, energy, and excitement of campus living. This spacious residence, Available August 2026, boasts six bedrooms and three bathrooms, offering ample space for comfort and convenience. This home can occupy a maximum of seven people. 518 Monroe is equipped with central AC, ensuring a pleasant atmosphere throughout the year. The property also offers on-site parking, adding an extra layer of convenience to your daily routine. The house comes fully furnished, with a TV provided, allowing you to move in and start enjoying your new home immediately. The two kitchens and two bathrooms have been recently updated, combining modern aesthetics with functionality! This home is a perfect blend of comfort, convenience, and modern living. Don't miss out on this fantastic opportunity! Single Rooms for Rent -Just Steps from Campus!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, 518 Monroe is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 518 Monroe has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 518 Monroe
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
518 Monroe offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
518 Monroe stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—furnished rental—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
518 Monroe is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 518 Monroe does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

518 Monroe is great for:

Eco living

  • Public transit available nearby
  • You can get around by foot in this area
  • 31 parks within a mile

Social life

  • Areas nearby are accessible by walking
  • 286 restaurants within 1 mile of this property
  • 51 local event hubs within 1 mile
  • The area has transit options

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 518 Monroe compares to other nearby properties.

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away
Lacks images
Fewer than 10 photos available for this location

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Rent trends in Ann Arbor

Median rents as of Aug 15 2026.
Ann Arbor
A table of studio rental data trends in Ann Arbor
MonthMedian Rent
August 2024$1,649
September 2024$1,539
October 2024$1,424
November 2024$1,370
December 2024$1,387
January 2025$1,375
February 2025$1,386
March 2025$1,423
April 2025$1,586
May 2025$1,779
June 2025$1,681
July 2025$1,524
August 2025$1,539
September 2025$1,434
October 2025$1,350
November 2025$1,395
December 2025$1,490
January 2026$1,453
February 2026$1,446
March 2026$1,435
April 2026$1,358
May 2026$1,350
June 2026$1,350
July 2026$1,350
August 2026$1,342

Schools near 518 Monroe

Bach Elementary School

600 w jefferson st

ann arbor, MI, 48103

K-5Public
A

Ann Arbor Open at Mack School

920 miller ave

ann arbor, MI, 48103

K-8Public
A

Local-Based Speced Programs

1735 s wagner rd

ann arbor, MI, 48103

K-12Public

High Point School

1735 s wagner rd

ann arbor, MI, 48103

PK, K-12Public

Progress Park

3890 research park dr

ann arbor, MI, 48108

K-12Public
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Internet available near 518 Monroe

Getting around Ann Arbor near 518 Monroe St

Walking

9/10
No car? No problem. Everything you need is within a few blocks.

Driving

5/10
This area is accessible to thoroughfares and has ample parking options.

Cycling

8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

8/10
Getting around is a breeze; rapid transit and bus lines are a few blocks away.

Points of interest for 518 Monroe St, Ann Arbor

Groceries

8/10
Wide variety of groceries within a few minutes' walk

Shopping

8/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

9/10
Wide variety of cafés within a few minutes’ walk

Restaurants

9/10
Wide variety of restaurants within a few minutes’ walk

Primary schools

5/10
At least one elementary school within a 20-minute walk

High schools

5/10
At least one high school within a 20-minute walk

Parks

6/10
Large amount of park space nearby

Nightlife

9/10
Wide variety of bars within a few minutes' walk

Explore the area around 518 Monroe St

Main St Clark
601 S Main St
The Sunday Artisan Market
317 S Division St
Sergeant Pepper's General Store
1028 E University Ave
Babo Market
403 E Washington St
Fustini's Oils & Vinegars
407 N 5th Ave

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