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.