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Cheap Apartments for Rent in the Downtown Lansing Neighborhood of Lansing, MI from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Lansing area of Lansing.
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$850 - $1,175Studio to 2 Bedroom Apartments Available Now
Cherry Hill
313 E Saint Joseph StLansing, MI 48933
306 E Hillsdale St
LansingMI48933
533.5 Seymour Ave
LansingMI48933
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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Rent Specials
$871 - $1,201Studio to 2 Bedroom Apartments Available Now
Ferris Park Towers
323 N Walnut StLansing, MI 48933
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526 W Hillsdale St
LansingMI48933
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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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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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1 to 3 Bedroom Apartments
Capitol Commons Apartments and Townhomes
600 S Sycamore StLansing, MI 48933
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220 W Lapeer St
LansingMI48933
418 N Walnut St
LansingMI48933
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.
427 Seymour Ave
LansingMI48933
Showing Results 1-25, Page 1 of 1
Downtown Lansing, Lansing, MI Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Downtown Lansing?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lansing Studio Apartments | $1,047 | $795 | $1,270 |
| Downtown Lansing 1 Bedroom Apartments | $1,184 | $745 | $1,721 |
| Downtown Lansing 2 Bedroom Apartments | $1,428 | $850 | $2,500 |
| Downtown Lansing 3 Bedroom Apartments | $1,616 | $1,300 | $2,150 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Downtown Lansing Neighborhood of Lansing, MI.
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Cheapest Available Downtown Lansing Apartments for Rent
The cheapest available apartment rental in the Downtown Lansing area of Lansing, MI is a 1 Bed unit found at 927 W. Shiawassee St. #2-12 priced from $750. Capitol Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $807. Here are the most affordable Downtown Lansing apartments for rent in Lansing, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 927 W. Shiawassee St. #2-12 | A * 1BR | 1BR,1BA | $750 |
| Capitol Park | The One Bedroom | 1BR,1BA | $807 |
| Ferris Park Towers | Efficiency | Studio,1BA | $871 |
| Cherry Hill | 1 Bedroom | 1BR,1BA | $960 |
| Shiawassee Apartments LLC (723 W Shiawassee, LLC) | The New Brentwood Apartments - Two Bedroom | 2BR,1BA | $975 |
Best Value Apartments for Rent in Downtown Lansing, MI
As of December 14, 2025 the best value apartment in the Downtown Lansing area is the $0.72 price per square foot 422 W Saginaw St Model at 422 W Saginaw St, Unit Lower in the in the Downtown Lansing neighborhood starting from $975. The second greatest value Downtown Lansing apartment is the 424 W Saginaw St Model at 424 W Saginaw St, Unit 1 - Down starting at $975 with a $0.72 price per square foot in the Downtown Lansing neighborhood. Here is today’s list of the best values for Downtown Lansing apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 422 W Saginaw St, Unit Lower | 422 W Saginaw St | 2BR,1BA | $0.72 |
| 424 W Saginaw St, Unit 1 - Down | 424 W Saginaw St | 2BR,1BA | $0.72 |
| 426 W Saginaw St, Unit 1 Down | 426 W Saginaw St | 2BR,1BA | $0.72 |
| 706 W Saginaw St, Unit 1 | 706 W Saginaw St | 3BR,1BA | $1.17 |
| The Lofts at Washington Square | 2 Bedroom | 2BR,1BA | $1.17 |
| 329 S Washington Sq, Unit H | 329 S Washington Sq | 2BR,1BA | $1.17 |
| 507 N Sycamore St, Unit 1st Floor | 507 N Sycamore St | 2BR,1BA | $1.03 |
| 416 W Saginaw St, Unit 1st Floor | 416 W Saginaw St | 2BR,1BA | $1.11 |
| Capitol Park | The One Bedroom | 1BR,1BA | $1.02 |
| 927 W. Shiawassee St. #2-12 | A * 1BR | 1BR,1BA | $1.07 |
Getting Around the Downtown Lansing Neighborhood in Lansing, MI
Walk Score®
78 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
78 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
55 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Lansing Apartments
What is the Cheapest Studio apartment in Downtown Lansing?
Currently the most affordable Cheap Studio Apartment in Downtown Lansing is at Ferris Park Towers listed at $871.
How much is rent for a Cheap One Bedroom Downtown Lansing Apartment?
The lowest price for a Cheap One Bedroom Downtown Lansing Apartment is $750 at 927 W. Shiawassee St. #2-12.
What is the lowest price for a Cheap Two Bedroom Downtown Lansing Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Lansing is starting from $844 at Capitol Park.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.