Cheap Apartments for Rent in Lansing, MI from $400 (237 Rentals)

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

property at 602 N Pennsylvania Ave

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650
Total Monthly Price
$650

Studio, 1 Bath Home for Rent

Available Now

602 N Pennsylvania Ave

LansingMI48912

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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property at 417 Liberty St

$725 - $850

Studio To 1 Bedroom Rentals

Available Now

417 Liberty St

LansingMI48906

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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517 W Shiawassee St
$900
Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900
2 Bedroom Apartment Available Now

517 W Shiawassee St

517 W Shiawassee StLansing, MI 48933
Cost Per Sq.Ft.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Lansing, MI Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lansing, MI

Pricing Updated: 05/03/2026

Current apartment rentals in the Lansing, MI area range in price from $450 to $3,750 with an overall median price of $2,048. The three Lansing neighborhoods with the lowest median rent pricing are Battenfield at $925, Creston Area at $1,250, and Averill Woods at $450. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lansing Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Battenfield$1,199$9251
Creston Area$1,250$1,2501
Averill Woods$1,300$45012
Churchill Downs$1,300$85010
Coachlight$1,300$1,0955
Outer Southside$1,300$9256
Scottsdale$1,300$9957
Wexford Heights$1,300$1,0956
Riverview Estates$1,350$85015
Lewton Rich$1,399$45018

Cheapest Available Lansing Apartments for Rent

 

The cheapest available apartment rental in Lansing, MI is a 2 Beds unit found at Abigail Senior in the North Lansing neighborhood priced from $475. Abbot Manor (910 Apartments, LLC) in the Square One neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $599. Here is today’s list of the most affordable Lansing apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Abigail SeniorThe Gertrude 30%2BR,1BA$475
Abbot Manor (910 Apartments, LLC)Abbot Manor - Four Bedroom4BR,2BA$599
The Cottages (Cottages Hunsaker 1 LLC)The Cottages Quad Split - Four Bedroom -JOIN OU...4BR,4BA$625
Reside 517 LLC1BR/1.0BA1BR,1BA$675
MLK FlatzStudioStudio,1BA$675
Fred ApartmentsStudioStudio,1BA$675
College Park ApartmentsOne Bedroom1BR,1BA$700
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$700
Fred Louisa Flatz1 Bedroom/1 Bath1BR,1BA$700

Best Value Apartments for Rent in Lansing, MI

As of May 03, 2026 the best value apartment in the Lansing area is the $0.27 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 $625. The second greatest value Lansing apartment is the 4 Bed/4.5 Bath Townhome Deluxe Model at Hannah Townhomes & Lofts starting at $1,055 with a $0.62 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.
501 N Walnut St, Unit 1501 N Walnut St1BR,1BA$0.27
Hannah Townhomes & Lofts4 Bed/4.5 Bath Townhome Deluxe4BR,4.5BA$0.62
The Club at Chandler Crossings4 BED 2 BATH - SPARTAN4BR,2BA$0.36
Skyvue MI4 BEDROOM/4 BATHROOM - D14BR,4BA$0.65
Block 364x44BR,4BA$0.41
Campus Village-E. Lansing3 Bedroom 3 Bathroom3BR,3BA$0.85
517 W Shiawassee St517 W Shiawassee St2BR,1.5BA$0.80
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Stone Ridge Meadows2 Bed 1 Bath2BR,1BA$0.91
The Quarters East LansingB - 2x12BR,1BA$0.87

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

Best Local Schools in
Lansing, MI

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

Explore Lansing, MI Rentals by Map

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See the most popular apartments and homes in Lansing, MI

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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 Fred Apartments listed at $675.

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

The lowest price for a Cheap One Bedroom Lansing Apartment is $675 at Reside 517 LLC.

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 $475 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 Abbot Manor (910 Apartments, LLC) and starts from $799.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.