Apartment for rent

2 Days Ago

8.6

Very Good

Varsity Management Apartments
331 Packard St, Ann Arbor, MI 48104, USA

Varsity Management, Inc.

331 Packard St, Ann Arbor, MI 48104, USA

8.6

Very Good

Monthly rent	$900–$3,150
Beds	Studios–3
Baths	1
Sqft	164–1,018

Monthly rent	$900–$3,150
Beds	Studios–3
Baths	1
Sqft	164–1,018

2 Days Ago

Location

331 Packard St, Ann Arbor, MI 48104, USA

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Contact

Managed by

Management

Varsity Management, Inc.

Leasing office

(734) 668-1100

Property Overview

Varsity Management achieves a significant Zumper expert rating of 8.6 out of 10, highlighting its strong appeal for renters. The property features competitive pricing and excellent amenities, earning a price rating of 10 and an amenities rating of 9, reflecting outstanding value and lifestyle offerings. Additionally, the location rating of 9 underscores its proximity to schools, numerous dining options, and fitness facilities, while the trustworthiness rating of 8 assures potential renters of the property’s transparency and management quality.

Zumper Expert Rating

8.6

Very Good

With a solid 8.6 out of 10 overall, Varsity Management is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Varsity Management 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

Less expensive
More space
Middle school nearby

Great for

Social life
Wellness

Floor plans

0BR/1.0BA	Studio	1 bath	164+ sqft	$900–$995 /mo	2 units available	Affordable opportunity to rent a room in a large house near South Quad! This private bedroom comes furnished and shares a kitchen and bathroom in a common hallway with one other tenant who rents the room next door. Electricity included. On-site laundry. 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.
1BR/1.0BA	1 bed	1 bath	889 sqft	$1,850 /mo	1 unit available	Spacious one bedroom apartment with a private entrance and covered porch located in a converted home near South Quad. The apartment has a large eat-in kitchen with dishwasher, air conditioning, hardwood floors, new paint, new kitchen, and new bathroom. The apartment is fully furnished and includes a parking space. https www youtube com watch?v=NKnQbAMwbYc&list=PLRj1zzvl6wlftLNpzJLJWo8LbCXts-XvU 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.
2BR/1.0BA	2 bed	1 bath	954+ sqft	$2,150–$2,250 /mo	2 units available	Spacious two bedroom apartment on the first floor of a Victorian home. This apartment has a spacious living room and eat-in kitchen with dishwasher, air conditioning, as well as hardwood floors in the living room, nice size bedrooms, and lots of sunlight from the windows! One parking spot is included. https www youtube com watch?v=K2wmnTgtvN0&list=PLRj1zzvl6wlfx3Xyzhuj8-TPh-Zh8uprt 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.
3BR/1.0BA	3 bed	1 bath	1,018 sqft	$3,150 /mo	1 unit available	Charming Victorian style home converted into apartments- very close to the Union and a short walk to the Law Quad. One of the bedrooms is very large, a great double! This apartment has a large kitchen with a bar and dishwasher, onsite laundry, wood floors, and parking included! 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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Amenities for Varsity Management

Apartment Amenities

Central Heat	Electricity
Heating	Utilities Included
Water

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

Building details

Property details

Units	6

About Varsity Management

Home

Apartments in Ann Arbor

Varsity Management

Charming Victorian Apartments Near Downtown Ann Arbor. This gorgeous Victorian home has been thoughtfully converted into unique apartments, each with its own character and modern updates. Perfectly located within walking distance to campus and downtown Ann Arbor, residents enjoy both convenience and charm. Floor plans range from private bedrooms to spacious three-bedroom apartments, all featuring updated flooring and comfortable layouts. The building offers on-site laundry, and parking is available with select units. An ideal choice for students or professionals seeking a beautiful, affordable home close to everything Ann Arbor has to offer.

Zumper Expert Rating

8.6

/10

Very Good

How we rated Varsity Management

Price·10

Varsity Management 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·9

Varsity Management 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 receives one of the highest amenities scores.

Location·9

Varsity Management 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·6

While Varsity Management does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.

Trustworthiness·8

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 is great for:

Social life

321 restaurants within 1 mile of this property
289 mixed-use spaces nearby
34 local event hubs within 1 mile
84 museums, art galleries, or cultural centers within 1 mile

Wellness

Ample windows and natural lighting
HVAC systems available onsite
23 sports facilities (like tennis courts) nearby
58 gyms or yoga centers nearby

Property highlights

How Varsity Management compares to other nearby properties.

Positives

Less expensive: Studio units are cheaper than other similar listings nearby
More space: The 1-bedroom is 304 sqft larger than other listings nearby
More space: Studio is 454 sqft larger than other listings nearby
Less expensive: The 3-bedrooms are cheaper than other similar listings nearby
Middle school nearby: There is a middle school 1 mile away
High school nearby: There is a high school 1 mile away
Less expensive: The 2-bedrooms are cheaper than other similar listings nearby
Images Available: There are at least 10 photos of this address

Considerations

Greater distance from grade schools: The nearest elementary school is farther than 0.5 mile away
No laundry facilities available: This property doesn't offer on-site or in-unit washers and dryers

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Rent trends in Ann Arbor

Studio apartments at Varsity Management cost about 33% less than the average rent price for studios in Ann Arbor.

1-bedroom apartments here are priced 26% higher than 1-bedrooms in Ann Arbor.

If you decide to upgrade your space, you can expect 2-bedrooms at Varsity Management to be 2% more than the average for similarly sized apartments in Ann Arbor.

3-bedroom apartments at Varsity Management cost about 5% more than the average rent price for 3-bedroom apartments in Ann Arbor.

Median rents as of Oct 25 2025.

Ann Arbor

A table of studio rental data trends in Ann Arbor
Month	Median Rent
November 2023	$1,302
December 2023	$1,280
January 2024	$1,293
February 2024	$1,275
March 2024	$1,245
April 2024	$1,305
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

Affordability calculator

Can I afford to live at 331 Packard 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

$36,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $36,000 annually to afford this studio monthly rent price of $900.

For more information on rent affordability, visit our rent calculator.

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