Cheap Apartments for Rent in the Downtown Lansing Neighborhood of Lansing, MI from $555 (45 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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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
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Midtown Apartments
Studio to 1 Bedroom Apartments

Midtown Apartments

224 W Kalamazoo StLansing, MI 48933
  • Utilities Included
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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
  • Utilities Included

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Tamara Apartments
1 to 2 Bedroom Apartments

Tamara Apartments

335 E Saint Joseph StLansing, MI 48933
  • Utilities Included
property at 220 W Lapeer St
$850 - $1,100
1 To 3 Bedroom Rentals
Available Now

220 W Lapeer St

LansingMI48933
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331 E Hillsdale
1 Bedroom Apartments

331 E Hillsdale

331 E Hillsdale StLansing, MI 48933
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 1-45, 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. Shiawassee Apartments has the second lowest priced unit, which is a Studio 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
Shiawassee ApartmentsShiawassee Apartments | Studio | One BathStudio,1BA$750
Capitol ParkThe One Bedroom1BR,1BA$807
Cherry HillStudioStudio,1BA$850
Captain's Walk Apartments1 Beds, 1 Baths1BR,1BA$850
Ferris Park TowersEfficiencyStudio,1BA$871
331 E Hillsdale1BR/1.0BA1BR,1BA$895
Lansing Tower ApartmentsThe Capitol House1BR,1BA$900

Best Value Apartments for Rent in Downtown Lansing, MI

As of September 12, 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 422 W Saginaw St Model at 422 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 ListingModel NameBed/BathPrice Per Sq.Ft.
501 N Walnut St, Unit 1501 N Walnut St1BR,1BA$0.26
422 W Saginaw St, Unit 1 - Down422 W Saginaw St2BR,1BA$0.72
706 W Saginaw St, Unit 2706 W Saginaw St3BR,1BA$1.08
The ArbaughThe Arbaugh - Two Bedroom Apartment2BR,1BA$1.11
Stadium District Apartments2 Bed 2 Bath2BR,2BA$1.69
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Metro Place ApartmentsB1 Senator2BR,1BA$1.85
Capitol ParkThe One Bedroom1BR,1BA$1.02
331 E Hillsdale1BR/1.0BA1BR,1BA$1.28
Ferris Park TowersEfficiencyStudio ,1BA$1.27

Frequently Asked Questions about Cheap Downtown Lansing Apartments

What is a cheap apartment in Downtown Lansing?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Lansing is under $900.

What is the price of a cheap apartment in Downtown Lansing?

The cheapest apartment in Downtown Lansing is Colonial Place Apartments which is listed at $750, while the average apartment in Downtown Lansing costs $1,299.

What types of apartments are the cheapest in Downtown 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 15 regular apartments in Downtown 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 Downtown Lansing?

Cheap apartments in Downtown Lansing have an average cost of $272 which is $1,027 cheaper than the average rent for all rentals in Downtown 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.