Cheap Apartments for Rent in the Downtown Lansing Neighborhood of Lansing, MI from $500 (33 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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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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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
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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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Midtown Apartments
Studio to 1 Bedroom Apartments

Midtown Apartments

224 W Kalamazoo StLansing, MI 48933
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319 E Hillsdale
1 to 2 Bedroom Apartments

319 E Hillsdale

319 E Hillsdale StLansing, MI 48933
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532 Townsend St
1 to 2 Bedroom Apartments

532 Townsend St

532 Townsend StLansing, MI 48933
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Ferris Park Apartments
1 to 2 Bedroom Apartments

Ferris Park Apartments

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

Tamara Apartments

335 E Saint Joseph StLansing, MI 48933
  • Utilities Included

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

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property at 427 Seymour Ave

$850 - $1,300

1 To 2 Bedroom Rentals

Available Now

427 Seymour Ave

LansingMI48933

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Showing Results 1-33, Page 1 of 1

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 Colonial Place Apartments priced from $750. 927 W. Shiawassee St. #2-12 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Downtown Lansing apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$750
927 W. Shiawassee St. #2-12A * 1BR1BR,1BA$750
Shiawassee ApartmentsShiawassee Apartments - StudioStudio,1BA$750
Cherry HillStudioStudio,1BA$850
Captain's Walk Apartments1 Beds, 1 Baths1BR,1BA$850
Ferris Park TowersEfficiencyStudio,1BA$871
Lansing Tower ApartmentsOttawaStudio,1BA$975

Best Value Apartments for Rent in Downtown Lansing, MI

As of June 14, 2026 the best value apartment in the Downtown 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 Downtown Lansing apartment is the 3 Beds, 1 Baths Model at 433 N Seymour St starting at $1,395 with a $1.12 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$0.26
433 N Seymour St3 Beds, 1 Baths3BR,1BA$1.12
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
The ArbaughThe Arbaugh - One Bedroom Apartment1BR,1BA$1.61
610 N Sycamore St, Unit 1610 N Sycamore St1BR,1BA$1.09
Capitol ParkThe One Bedroom1BR,1BA$1.43
529 W Ionia St, Unit #3529 W Ionia StStudio ,1BA$1.36
927 W. Shiawassee St. #2-12A * 1BR1BR,1BA$1.07
Ferris Park TowersEfficiencyStudio ,1BA$1.27
Lansing Tower ApartmentsOttawaStudio ,1BA$1.95

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 Shiawassee Apartments listed at $750.

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 Colonial Place Apartments.

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 $975 at Shiawassee Apartments.

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

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

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.