Cheap Apartments for Rent in the Downtown Lansing Neighborhood of Lansing, MI from $500 (27 Rentals)

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

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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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916 W Ottawa St
1 to 2 Bedroom Apartments

916 W Ottawa St

916 W Ottawa StLansing, MI 48915
  • Utilities Included
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Riverfront Towers
1 to 2 Bedroom Apartments

Riverfront Towers

601 N Cedar StLansing, MI 48912
Senior Living
  • Utilities Included
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Capital Manor
Studio to 2 Bedroom Apartments

Capital Manor

515-524 S Chestnut StLansing, MI 48933
Corporate Housing
  • Utilities Included
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319 E Hillsdale
1 to 2 Bedroom Apartments

319 E Hillsdale

319 E Hillsdale StLansing, MI 48933
  • Utilities Included

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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Ferris Park Apartments
1 to 2 Bedroom Apartments

Ferris Park Apartments

419 W Shiawassee StLansing, MI 48933
  • Utilities Included
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Tamara Apartments
1 to 2 Bedroom Apartments

Tamara Apartments

335 E Saint Joseph StLansing, MI 48933
  • Utilities Included

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.

property at 427 Seymour Ave

$895 - $1,300

1 To 2 Bedroom Rentals

Available Now

427 Seymour Ave

LansingMI48933

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 Capitol Park priced from $807. Cherry Hill has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Downtown Lansing apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Capitol ParkThe One Bedroom1BR,1BA$807
Cherry HillStudioStudio,1BA$850
Ferris Park TowersEfficiencyStudio,1BA$871
Shiawassee Apartments LLC (723 W Shiawassee, LLC)The New Brentwood Apartments - Two Bedroom2BR,1BA$975

Best Value Apartments for Rent in Downtown Lansing, MI

As of January 29, 2026 the best value apartment in the Downtown 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 Downtown Lansing apartment is the 422 W Saginaw St Model at 422 W Saginaw St, Unit Lower 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 ListingModel NameBed/BathPrice Per Sq.Ft.
501 N Walnut St, Unit 1501 N Walnut St1BR,1BA$0.27
422 W Saginaw St, Unit Lower422 W Saginaw St2BR,1BA$0.72
424 W Saginaw St, Unit 1 - Down424 W Saginaw St2BR,1BA$0.72
426 W Saginaw St, Unit 1 Down426 W Saginaw St2BR,1BA$0.72
706 W Saginaw St, Unit 1706 W Saginaw St3BR,1BA$1.17
507 N Sycamore St, Unit 1st Floor507 N Sycamore St2BR,1BA$1.03
416 W Saginaw St, Unit 1st Floor416 W Saginaw St2BR,1BA$1.11
Capitol ParkThe One Bedroom1BR,1BA$1.02
1010 W Ionia St, Unit 1010 West Ionia1010 W Ionia St1BR,1BA$0.93
Ferris Park TowersEfficiencyStudio ,1BA$1.27

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 Cherry Hill listed at $850.

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

The lowest price for a Cheap One Bedroom Downtown Lansing Apartment is $807 at Capitol Park.

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

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.

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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.