Cheap Homes for Rent in the Downtown East Lansing Neighborhood of East Lansing, MI from $700 (4 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown East Lansing area of East Lansing.

property at 123 S Francis Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

3 Bedroom, 2 Bath Home for Rent

Available Now

123 S Francis Ave

LansingMI48912
property at 418 N Foster Ave

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

3 Bedroom, 1 Bath Home for Rent

Available Now

418 N Foster Ave

LansingMI48912

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Downtown East Lansing, East Lansing, MI Local Guide

Best Value Apartments for Rent in Downtown East Lansing, MI

As of August 16, 2026 the best value apartment in the Downtown East Lansing area is the $0.72 price per square foot 4 Bed/4.5 Bath Townhome Model at Hannah Townhomes & Lofts in the in the Michigan State University neighborhood starting from $1,205. The second greatest value Downtown East Lansing apartment is the 2 Beds, 1 bath Model at Kimberly House Apartments starting at $1,000 with a $0.91 price per square foot in the North Lansing neighborhood. Here is today’s list of the best values for Downtown East Lansing apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hannah Townhomes & Lofts4 Bed/4.5 Bath Townhome4BR,4BA$0.72
Kimberly House Apartments2 Beds, 1 bath2BR,1BA$0.91
Woodbrook Village Apartments2 Bed, 1 Bath2BR,1BA$1.20
Brentwood Apartments (460 Silver LLC)Two Bed | One Bath | First Month's Rent FREE!2BR,1BA$1.08
213 S Fairview Ave, Unit .5213 S Fairview Ave2BR,1BA$1.15
Abbott Pointe Apartments2 Bedroom 1 Bath -2BR,1BA$1.11
The Quarters East LansingB - 2x12BR,1BA$0.97
Woodward Way1x11BR,1BA$0.92
Cedar Village Apartments2 bed, 1 bath for 3 people (rate per person)2BR,1BA$0.81
Meridian Stratford Place Senior 55+ ApartmentsThe Avon1BR,1BA$1.12

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Downtown East Lansing, East Lansing, MI

Ranked #2

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Downtown East Lansing

What type of rentals are currently available in Downtown East Lansing?

There are currently 261 Apartments for Rent in Downtown East Lansing, MI with pricing that ranges from $437 to $4,600. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown East Lansing ranging from $750 to $3,750.

What is the current price range for Rental Homes in Downtown East Lansing?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown East Lansing ranges from $750 to $3,750 with an average monthly rent of $2,094.

How much are larger Three and Four Bedroom Rentals in Downtown East Lansing?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown East Lansing range from $437 to $4,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $660.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.