Cheap Apartments for Rent in Lansing, MI from $400 (238 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lansing.

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.

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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

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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Lansing, MI Local Guide

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Cheapest Neighborhoods for Apartments in Lansing, MI

Pricing Updated: 08/01/2026

Current apartment rentals in the Lansing, MI area range in price from $650 to $3,750 with an overall median price of $1,161. The three Lansing neighborhoods with the lowest median rent pricing are Downtown Lansing at $950, Genesee at $950, and Northwestside at $950. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lansing Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Lansing$950$6504
Genesee$950$65011
Northwestside$950$65012
Walnut$950$65014
Westside$950$6505
Edgemont Park$995$65013
Potter Walsh$1,022$65019
Riverside$1,029$65020
Bassett Park$1,039$65019
Fairview Area$1,047$65017

Cheapest Available Lansing Apartments for Rent

 

The cheapest available apartment rental in Lansing, MI is a 3 Beds unit found at Woodward Way in the Meridian Township Okemos neighborhood priced from $437. Abigail Senior in the North Lansing neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $479. Here is today’s list of the most affordable Lansing apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Woodward Way3x23BR,2BA$437
Abigail SeniorThe Gertrude 30%2BR,1BA$479
The Cottages (Cottages Hunsaker 1 LLC)The Cottages Quad Split - Four Bedroom -JOIN OU...4BR,4BA$625
Reside 517 LLC1BR/1.0BA1BR,1BA$700
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$700
Meridian Stratford Place Senior 55+ ApartmentsThe Avon1BR,1BA$713
Reside 30311 BR / 1 Bath1BR,1BA$725
Abbot Manor (910 Apartments, LLC)Two Bed | One Bath2BR,1BA$725
Windemere Apartments1 Bed, 1 bath1BR,1BA$734
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$750

Best Value Apartments for Rent in Lansing, MI

As of August 01, 2026 the best value apartment in the Lansing area is the $0.82 price per square foot 609 Bluff St Model at 609 Bluff St in the in the North Lansing neighborhood starting from $1,400. The second greatest value Lansing apartment is the 4 Bed/4.5 Bath Townhome Model at Hannah Townhomes & Lofts starting at $1,205 with a $0.72 price per square foot in the Michigan State University neighborhood. Here is today’s list of the best values for Lansing apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
609 Bluff St609 Bluff St3BR,1BA$0.82
Hannah Townhomes & Lofts4 Bed/4.5 Bath Townhome4BR,4BA$0.72
Cambridge ManorThree Bedroom3BR,2BA$0.96
Kimberly House Apartments2 Beds, 1 bath2BR,1BA$0.91
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
The Village at Chandler Crossings2 BED 2 BATH - SPARTAN2BR,2BA$0.89
Stone Ridge Meadows2 Bed 1 Bath2BR,1BA$0.91
Hiland Flatz2 Bedroom/1 Bath2BR,1BA$0.94
Woodward Way1x11BR,1BA$0.92
Cedar Village Apartments2 bed, 1 bath for 3 people (rate per person)2BR,1BA$0.81

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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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Lansing Overview

Apartments in Lansing, MI are numerous and unique. You’ll get the best of both worlds by living in Lansing. Grand Rapids is only a short drive away if you want more city life. If you end up needing a break from the crowds, all you have to do is head north.

Why live in Lansing, MI?

Lansing, MI has plenty going for it. North of the city, there are virtually unlimited opportunities to get away from the big city when you need a retreat. There are plenty of rivers, lakes, trails and forests at your disposal. You’ll find that the city is perfectly situated in the US to give you the full experience of all four seasons. The Grand River near the city offers both scenic and recreational opportunities. Museums, theaters and a zoo can be found within the city, giving you plenty to do on your days off. It is a great place to locate an apartment and settle down.

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Lansing, MI

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Lansing Apartments

What is the Cheapest Studio apartment in Lansing?

Currently the most affordable Cheap Studio Apartment in Lansing is at Shiawassee Apartments listed at $750.

How much is rent for a Cheap One Bedroom Lansing Apartment?

The lowest price for a Cheap One Bedroom Lansing Apartment is $630 at Woodward Way.

What is the lowest price for a Cheap Two Bedroom Lansing Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lansing is starting from $479 at Abigail Senior.

What is the most affordable Lansing Three Bedroom Apartment?

The best deal on a cheap Lansing Three Bedroom Apartment rental is at Woodward Way and starts from $437.

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.

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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.