Cheap Apartments for Rent in Lansing, MI from $437 (265 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 312 Jones St
$550

Total Monthly Price

Base Rent$550
Total Monthly Price$550
3 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

312 Jones St

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.

Read Article
property at 128 S Hosmer St
$795 - $1,050
Studio To 3 Bedroom Rentals
Available Now

128 S Hosmer St

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.

Read Article

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.

Read Article
property at 1018 N Pennsylvania Ave
$899
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

1018 N Pennsylvania Ave

LansingMI48906
  • Smoke Free

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 6

Lansing, MI Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lansing, MI

Pricing Updated: 09/16/2026

Current apartment rentals in the Lansing, MI area range in price from $479 to $4,509 with an overall median price of $1,224. The three Lansing neighborhoods with the lowest median rent pricing are Averill Woods at $1,045, Riverview Estates at $1,047, and Coachlight at $1,060. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lansing Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Averill Woods$1,045$72530
Riverview Estates$1,047$59550
Coachlight$1,060$79928
Wexford Heights$1,070$79932
Scottsdale$1,085$72584
Edgemont Park$1,095$47958
Northwestside$1,095$47946
Lewton Rich$1,097$72585
Colonial Village$1,109$72082
Churchill Downs$1,119$79937

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. 25 East in the East Lansing neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $620. Here is today’s list of the most affordable Lansing apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Woodward Way3x23BR,2BA$437
25 East4BR/2BA - Top Floor4BR,2BA$620
The Cottages (Cottages Hunsaker 1 LLC)The Cottages Quad Split - Four Bed | Four and a...4BR,4BA$625
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$700
Woodbridge Manor Apartments1 Bedroom Standard1BR,1BA$715
MLK FlatzStudioStudio,1BA$720
Reside 30311 BR / 1 Bath1BR,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 September 16, 2026 the best value apartment in the Lansing area is the $0.26 price per square foot 501 N Walnut St Model at 501 N Walnut St, Unit 1 in the in the Downtown Lansing neighborhood starting from $595. The second greatest value Lansing apartment is the 4 BEDROOM/4 BATHROOM - D3 Model at Skyvue MI starting at $970 with a $0.59 price per square foot in the Square One 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.
501 N Walnut St, Unit 1501 N Walnut St1BR,1BA$0.26
Skyvue MI4 BEDROOM/4 BATHROOM - D34BR,4BA$0.59
1033 E Cesar E Chavez Ave, Unit Down1033 E Cesar E Chavez Ave2BR,1BA$0.78
Campus Village-E. Lansing4 Bedroom 4 Bathroom4BR,4BA$0.74
422 W Saginaw St, Unit 1 - Down422 W Saginaw St2BR,1BA$0.72
25 East4BR/2BA - Top Floor4BR,2BA$0.51
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

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.

Read Article
Decorative image

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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.

Best Local Schools in
Lansing, MI

School data provided by Great Schools

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

Explore Lansing, MI Rentals by Map

Decorative image of map

See the most popular apartments and homes in Lansing, MI

View Map
Lansing, MI Apartments Map
View Map
Lansing, MI Rental Homes Map

Frequently Asked Questions about Cheap Lansing Apartments

What is a cheap apartment in Lansing?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lansing is under $750.

What is the price of a cheap apartment in Lansing?

The cheapest apartment in Lansing is Woodward Way which is listed at $630, while the average apartment in Lansing costs $1,224.

What types of apartments are the cheapest in Lansing?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3,031 regular apartments in Lansing that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lansing?

Cheap apartments in Lansing have an average cost of $363 which is $861 cheaper than the average rent for all rentals in Lansing.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.