Zumper
modified
3 Days Ago

Highlights

  • Private balcony
  • Spacious apartments
  • Air conditioning
  • Fireplaces
  • Onsite laundry
  • Cozy fireplace

Location

723 W Madison St, Ann Arbor, MI 48103, USA|Old West Side
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Tour Varsity Management – 723 W Madison

Contact

Management

Varsity Management, Inc.

Leasing office

(734) 668-1100

Property Overview

Varsity Management – 723 W Madison offers spacious, well-priced apartments with features like private balconies, air conditioning, onsite laundry, and cozy fireplaces, reflected in its strong overall Zumper Expert Rating of 8.3/10 and excellent 9/10 scores for price, amenities, and location. Its high value per square foot, detailed listing with many photos, proximity to a highly rated elementary school, walkable and lively neighborhood with hundreds of nearby restaurants, multiple internet options, and nearby coworking-friendly spots make it appealing for both active social lives and work-from-home routines.

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

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, Varsity Management – 723 W Madison is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Varsity Management – 723 W Madison has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Elementary school nearby
  • Images Available

Great for

  • Social life
  • Work-from-home

Floor plans

1BR/1.0BA1 bed1 bath721 sqft$1,630 /mo1 unit availableDiscover comfort and convenience in this inviting 1-bedroom apartment, located in Ann Arbor’s historic Old West Side. Perfect for graduate students or professionals, this pet-friendly home features a built-in microwave, air conditioning, and dishwasher for everyday ease. Enjoy onsite laundry, included parking, and an AATA bus stop right outside, providing quick access to downtown Ann Arbor and the University of Michigan. Pet-friendly—bring your dog or cat for a small monthly fee! Rent is collected in 12 equal installments over a 50 week lease. An increase in occupancy can lead to an increase in rent. Prices are listed for the full apartment, not per bedroom. If any utilities are included, they are included for a fee. A one-time administrative fee shall apply for each tenant. Furniture may also be provided for an additional monthly fee. Call for details. **Images have been staged using Ai
2BR/1.0BA2 bed1 bath1,004 sqft$1,795–$1,935 /mo5 units available​Enjoy modern comfort in this spacious 2-bedroom apartment featuring updated finishes, a cozy fireplace, built-in microwave, air conditioning, and a private balcony. Located in Ann Arbor’s charming Old West Side, you’ll have included parking, onsite laundry, and a bus stop right outside. This pet-friendly building welcomes both cats and dogs for a small monthly fee and is just minutes from downtown. Rent is collected in 12 equal installments over a 50 week lease. An increase in occupancy can lead to an increase in rent. Prices are listed for the full apartment, not per bedroom. If any utilities are included, they are included for a fee. A one-time administrative fee shall apply for each tenant. Furniture may also be provided for an additional monthly fee. Call for details. **Images have been staged using Ai

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Amenities for Varsity Management – 723 W Madison

Apartment Amenities

Central HeatHeating
Utilities IncludedWater
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

Units12
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About Varsity Management – 723 W Madison

HomeApartments in Ann ArborOld West Side Varsity Management – 723 W Madison

723 W. Madison – Comfort and Convenience in the Heart of Ann Arbor Nestled in the charming Old West Side neighborhood, 723 W. Madison offers the perfect balance of city access and neighborhood tranquility. Ideal for graduate students and working professionals, this pet-friendly building features spacious 1- and 2-bedroom apartments with updated finishes in select units, including fireplaces and double-vanity bathrooms. Enjoy onsite laundry, included parking, and easy commuting with an AATA bus stop right outside your door. With dishwashers in every unit and a welcoming atmosphere for cats and dogs (for a small monthly fee), 723 W. Madison is where comfort meets convenience just minutes from downtown Ann Arbor.


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.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, Varsity Management – 723 W Madison is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Varsity Management – 723 W Madison 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 Varsity Management – 723 W Madison
Price·9A 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.
Varsity Management – 723 W Madison stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·9A 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.
Varsity Management – 723 W Madison goes above and beyond to provide sought-after conveniences and desirable perks, including central heat. Renters looking for popular or luxurious features will find them here—and for that reason, Varsity Management – 723 W Madison receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Varsity Management – 723 W Madison 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 Varsity Management – 723 W Madison 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.

Varsity Management – 723 W Madison is great for:

Social life

  • Areas nearby are accessible by walking
  • 251 restaurants within 1 mile of this property
  • A bustling neighborhood
  • Diverse age groups live in this area

Work-from-home

  • Utilities included in the rent
  • Quiet environment with little noise pollution
  • 4 internet service provider options nearby
  • 5 coworking spaces or cafes within 1 mile

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 Varsity Management – 723 W Madison compares to other nearby properties.

Positives

More space
The 2-bedroom is 64 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.2 mile away
More space
The 1-bedroom is 84 sqft larger than other listings nearby
Images Available
There are at least 10 photos of this address

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Rent trends in Old West Side

1-bedroom apartments here are priced 3% higher than 1-bedrooms in Old West Side.

If you decide to upgrade your space, you can expect 2-bedrooms at Varsity Management – 723 W Madison to be 8% less than the average for similarly sized apartments in Old West Side.

Median rents as of May 30 2026.
Old West Side
Ann Arbor
A table of 1-bedroom apartment rental data trends in Ann Arbor
MonthMedian Rent
June 2024$1,995
July 2024$1,995
August 2024$1,986
September 2024$1,880
October 2024$1,635
November 2024$1,596
December 2024$1,683
January 2025$1,696
February 2025$1,672
March 2025$1,647
April 2025$1,687
May 2025$1,695
June 2025$1,737
July 2025$1,677
August 2025$1,455
September 2025$1,462
October 2025$1,437
November 2025$1,520
December 2025$1,594
January 2026$1,587
February 2026$1,593
March 2026$1,597
April 2026$1,563
May 2026$1,486
A table of 1-bedroom apartment rental data trends in Old West Side
MonthMedian Rent
July 2024$1,620
August 2024$1,398
September 2024$1,507
October 2024$1,660
November 2024$1,639
December 2024$1,614
January 2025$1,595
February 2025$1,651
March 2025$1,429
April 2025$1,425
May 2025$1,612
June 2025$1,745
August 2025$1,461
September 2025$1,400
November 2025$1,480
December 2025$1,500
January 2026$1,500
February 2026$1,500
March 2026$1,550
April 2026$1,514
May 2026$1,586

Affordability calculator

Can I afford to live at 723 W Madison St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$65,200/yr

With your selected rent-to-income ratio, you'd ideally want to make $65,200 annually to afford this 1-bedroom monthly rent price of $1,630.
For more information on rent affordability, visit our rent calculator.

Schools near Varsity Management – 723 W Madison

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 Varsity Management – 723 W Madison

Neighborhood

Old West Side | Ann Arbor, MI

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Ann Arbor near 723 W Madison St

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 723 W Madison St, Ann Arbor

Groceries

8/10
At least one supermarket within a 10-minute walk

Shopping

6/10
Several shops within a few minutes’ walk

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Variety of restaurants within a few minutes' walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

6/10
At least one high school within a 15-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

4/10
Some bars within a few minutes’ walk

Explore the area around 723 W Madison St

Main St Clark
601 S Main St
Knights Market
420 Miller Ave
Babo Market
403 E Washington St
Fustini's Oils & Vinegars
407 N 5th Ave
Sergeant Pepper's General Store
1028 E University Ave

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