Cheap Apartments for Rent in Lansing, MI from $400 (256 Rentals)

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

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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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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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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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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Lansing, MI Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Lansing, MI

Pricing Updated: 06/17/2026

Current apartment rentals in the Lansing, MI area range in price from $499 to $4,600 with an overall median price of $1,975. The three Lansing neighborhoods with the lowest median rent pricing are Old Everett at $750, Averill Woods at $695, and Colonial Village at $695. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lansing Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Old Everett$949$75015
Averill Woods$1,375$69532
Colonial Village$1,375$695127
Moores River Drive Area$1,375$595142
Lewton Rich$1,385$695131
Riverview Estates$1,385$59555
Scottsdale$1,395$725138
Quentin Park$1,477$595161
Riverside$1,477$595159
Edgemont Park$1,495$59564

Cheapest Available Lansing Apartments for Rent

 

The cheapest available apartment rental in Lansing, MI is a 4 Beds unit found at The Cottages in the Meridian Township Okemos neighborhood priced from $625. MLK Flatz in the Colonial Village neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $670. Here is today’s list of the most affordable Lansing apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The CottagesThe Cottages Quad Split - Four Bedroom -JOIN OU...4BR,4BA$625
MLK FlatzStudioStudio,1BA$670
Reside 517 LLC1BR/1.0BA1BR,1BA$675
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$700
College Park ApartmentsOne Bedroom1BR,1BA$700
Woodbridge Manor Apartments1 Bedroom Standard1BR,1BA$715
Abbot Manor (910 Apartments, LLC)Abbot Manor Apartments |Two Bedroom | Rent by t...2BR,1BA$725
Reside 30311 BR / 1 Bath1BR,1BA$725

Best Value Apartments for Rent in Lansing, MI

As of June 17, 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 Bed/4.5 Bath Townhome Model at Hannah Townhomes & Lofts starting at $1,045 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$0.26
Hannah Townhomes & Lofts4 Bed/4.5 Bath Townhome4BR,4BA$0.62
Skyvue MI4 BEDROOM/4 BATHROOM - D14BR,4BA$0.63
Campus Village-E. Lansing3 Bedroom 3 Bathroom3BR,3BA$0.85
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
Glenwood Apartments2 Bed 1 Bath2BR,1BA$0.82
Cedar Village Apartments2 bed, 1 bath for 3 people (rate per person)2BR,1BA$0.93

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 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 $725.

What is the price of a cheap apartment in Lansing?

The cheapest apartment in Lansing is Reside 517 LLC which is listed at $675, while the average apartment in Lansing costs $1,975.

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 684 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 $417 which is $1,558 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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.