Dear anonymous, The price of rent at a specific site is determined on local market surveys and availability that ensures that our price is fair and competitive to the rest of the market. According to rent o meter, a nationally recognized website that analyzes rents specific to an area, the rent rate on a two- bedroom apartment at The Ponds at Georgetown is considered reasonable: The rent o meter findings are as follows: Rental comparison results for: 2511 Packard Road, Ann Arbor, MI 48104 Your rent is reasonable for your area. . 35 2-bedroom rentals in a 0.32-mile radius. . Median rent: $1145 . Average rent: $1119 . 60% between: $947 - $1291 . 80% between: $857 - $1381 Again, rents are a supply and demand calculation. Based on the proximity of this property for graduate students at U of M, less than 1 mile from campus, and the consistently high ratings for award winning customer service, this is a highly desirable community. Ponds at Georgetown offers spacious homes with an amenity package including dishwashers, washer and dryers in unit, tranquil setting with woods or pond views, recycling, Wi-Fi, allows pets, fireplaces, pool, hot tub, 24 hour maintenance and on-site management team, and flexible lease terms, just to name a few.