Cheap Apartments for Rent in the Downtown Lansing Neighborhood of Lansing, MI from $500 (24 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
close
View Me
916 W Ottawa St
1 to 2 Bedroom Apartments

916 W Ottawa St

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

Riverfront Towers

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

Capital Manor

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

319 E Hillsdale

319 E Hillsdale StLansing, MI 48933
  • Utilities Included

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.

Read Article
close
View Me
Ferris Park Apartments
1 to 2 Bedroom Apartments

Ferris Park Apartments

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

Tamara Apartments

335 E Saint Joseph 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.

Read Article
Showing Results 1-24, 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. Townsend Apartment ( Reo Vincent Townsend Apartment LLC) 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
Townsend Apartment ( Reo Vincent Townsend Apartment LLC)Townsend Apartments - One Bedroom1BR,1BA$750
Capitol ParkThe One Bedroom1BR,1BA$807
Ferris Park TowersEfficiencyStudio,1BA$871
Lansing Tower ApartmentsIoniaStudio,1BA$905

Best Value Apartments for Rent in Downtown Lansing, MI

As of March 15, 2026 the best value apartment in the Downtown Lansing area is the $1.20 price per square foot The Arbaugh - Two Bedroom Apartment Model at The Arbaugh in the in the Downtown Lansing neighborhood starting from $1,355. The second greatest value Downtown Lansing apartment is the Garden Model at Lansing City View Apartments starting at $1,474 with a $1.48 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.
The ArbaughThe Arbaugh - Two Bedroom Apartment2BR,1BA$1.20
Lansing City View ApartmentsGarden2BR,2BA$1.48
711 N Chestnut St711 N Chestnut St2BR,1BA$1.73
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Capitol ParkThe One Bedroom1BR,1BA$1.02
Cherry Hill2 Bedroom2BR,1BA$1.48
1010 W Ionia St, Unit 1010 West Ionia1010 W Ionia St1BR,1BA$0.93
Ferris Park TowersEfficiencyStudio ,1BA$1.27
504 W Lapeer St, Unit #D504 W Lapeer St1BR,1BA$1.49
718 W Ionia St, Unit #3718 W Ionia StStudio ,1BA$1.49

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 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 $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

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.