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5+ Days Ago

Highlights

  • Modern finishes
  • Utilities included
  • Fresh, spacious living areas
  • Beautifully designed apartments
  • Upgraded kitchens and baths
  • Downtown shopping

Location

541 Elizabeth St, Ann Arbor, MI 48104, USA
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Property Overview

Varsity Management features modern finishes and beautifully designed apartments, complemented by spacious living areas and upgraded kitchens and baths. It holds an impressive Zumper expert rating of 8.3, with high marks for price, amenities, and location, making it an excellent choice for renters seeking convenience and a vibrant social life. The property’s trustworthiness rating underscores its commitment to transparency and reliability for prospective tenants.

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

Things you’ll love

  • More space
  • High school nearby

Great for

  • Social life

Floor plans

2BR/1.0BA2 bed1 bath1,100 sqftWelcome to this beautifully renovated two-unit home on Ann Arbor’s highly desirable North Side, offering the perfect blend of charm, comfort, and walkable city living. Each unit is a bright and stylish 2-bedroom, 1-bath apartment, thoughtfully updated with modern finishes while keeping the warm character of the neighborhood. Step inside to find fresh, spacious living areas, and well-proportioned bedrooms ideal for relaxing, working from home, or hosting friends. The kitchens and baths have been upgraded, giving you a clean, polished feel you’ll love coming home to. Outside your door, enjoy one of Ann Arbor’s best locations—just a short walk to Kerrytown, the Farmers Market, local cafés, shops, and restaurants. Whether you’re grabbing a morning coffee, biking downtown, or spending a Saturday at the market, everything you want is close by. 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. Call for details.

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Rent trends in Ann Arbor

Median rents as of Apr 25 2026.
Ann Arbor
A table of studio rental data trends in Ann Arbor
MonthMedian Rent
May 2024$1,634
June 2024$1,726
July 2024$1,642
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

Schools near Varsity Management

Ann Arbor Open at Mack School

920 miller ave

ann arbor, MI, 48103

K-8Public
A

Bach Elementary School

600 w jefferson st

ann arbor, MI, 48103

K-5Public
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

Getting around Ann Arbor near 541 Elizabeth St

Walking

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

Driving

6/10
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

7/10
Popular public transit options are just a short walk from this location.

Points of interest for 541 Elizabeth St, Ann Arbor

Groceries

8/10
At least one supermarket within a 15-minute walk

Shopping

6/10
Several shops within a few minutes’ walk

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

3/10
At least one elementary school within a 30-minute walk

High schools

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

Parks

8/10
Large amount of park space nearby

Nightlife

5/10
Some bars within a few minutes’ walk

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