I don't know the apartment prices, 'cause my GF bought a condo. But, I can tell you by comparing the condo markets in A2, Ypsi, and Milan, that Milan is far, far cheaper. A condo that goes for $170,000 in A2, and $150,000 in Ypsi, goes for about $100,000 in Milan.Right now the rental market is soft around Ypsi and EMU. Ann Arbor is always hot for rentals because of U of M.
My apartment is in a decent neighborhood and I got a 2 bedroom for around $600. Of course I also began my lease in March. Last month the lady in the office told me that they were charging 680 a month for it (to new leasors) and it would rise to about $800 by September. You might want to consider doing a six-month lease, and then renewing for a full year after the six months. The tough part about the housing industry here being so dependant on students is that all the apartments will be more expensive around the time school starts.
I hope you have looked at rent.com or similar places for apartments to look at. It took me 2 full days to look at apartments, but you can do it in one if you set up the interviews before you get there. On a side note I have to say that I was very disappointed at about 70% of the apartments I looked at. The majority of apartments seem grimmy and run down. A friend told me Ann Arbor students are notoriously hard on apartments and it shows at many. Some were very nice though. If you have a list of complexes your looking at I can let you know if I visited any of them.
I only visited a few apartments in Ann Arbor. Most of the apartments I looked at were in Ypsi.