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modified
Updated 5+ Days Ago

Highlights

  • Dishwasher
  • On-site laundry
  • Onsite laundry
  • Large kitchen
  • Large bedroom
  • Wood floors

Location

331 Packard St, Ann Arbor, MI 48104, USA
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Contact

Management

Varsity Management, Inc.

Leasing office

(734) 668-1100

Property Overview

Varsity Management offers strong value with an 8.6 expert rating, excellent scores for price, amenities, and location, and a trustworthy property description. It features on-site laundry, a dishwasher, a large kitchen, a large bedroom, and wood floors, while also standing out for nearby schools and a lively area with many restaurants, cultural spots, and event venues.

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

8.6
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

  • Middle school nearby
  • High school nearby
  • Central heat

Great for

  • Social life

Floor plans

3BR/1.0BA3 bed1 bath1,018 sqft$3,255 /mo1 unit availableCharming 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, and wood floors! Prices are listed for the full apartment, not per bedroom. Heat and water are an additional $65 per bedroom per month. Wi-Fi and electricity are the tenant’s responsibility. Rent is collected in 12 equal installments over a 50-week lease. Call for details. For details on optional tenancy fees, visit varsitymanagement com OTF Exact terms will be clearly outlined in your Lease Addendum. *Images have been staged using Ai

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Amenities for Varsity Management

Grounds

Assigned Parking
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

Parking Policy

Assigned Parking

Questions about this property’s policies and fees?

Building details

Property details

Units6

About Varsity Management

HomeApartments 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

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.6
/10
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.
How we rated Varsity Management
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.
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·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 goes above and beyond to provide sought-after conveniences and desirable perks, including assigned parking. 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·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 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 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 is great for:

Social life

  • 238 restaurants within 1 mile of this property
  • 3 local event hubs within 1 mile
  • 106 museums, art galleries, or cultural centers within 1 mile
  • 36 theaters, music venues, or sports arenas nearby

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 compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.9 miles away
High school nearby
There is a high school 0.6 miles away
Central heat
Climate controlled environment

Considerations

Lacks images
Fewer than 5 photos available for this property
No laundry facilities available
This property doesn't offer on-site washers and dryers

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Rent trends in Ann Arbor

3-bedroom apartments at Varsity Management cost about 2% more than the average rent price for 3-bedroom apartments in Ann Arbor.

Median rents as of Oct 24 2026.
Ann Arbor
A table of studio rental data trends in Ann Arbor
MonthMedian Rent
November 2024$1,354
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$1,335
September 2026$1,312
October 2026$1,333

Affordability calculator

Can I afford to live at 331 Packard St?

Bedrooms

3 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

$130,200/yr

With your selected rent-to-income ratio, you'd ideally want to make $130,200 annually to afford this 3-bedrooms monthly rent price of $3,255.
For more information on rent affordability, visit our rent calculator.

Schools near Varsity Management

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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Getting around Ann Arbor near 331 Packard 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
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

8/10
Popular public transit options are just a short walk from this location.

Points of interest for 331 Packard St, Ann Arbor

Groceries

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

Shopping

7/10
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

7/10
At least one elementary school within a 15-minute walk

High schools

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

Parks

7/10
Large amount of park space nearby

Nightlife

6/10
Some bars within a few minutes’ walk

Explore the area around 331 Packard St

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

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