Cheap Apartments for Rent in the Downtown Lansing Neighborhood of Lansing, MI from $500 (34 Rentals)

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

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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916 W Ottawa St
1 to 2 Bedroom Apartments

916 W Ottawa St

916 W Ottawa StLansing, MI 48915
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Riverfront Towers
2 Bedroom Apartments

Riverfront Towers

601 N Cedar StLansing, MI 48912
Senior Living
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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.

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Capital Manor
Studio to 2 Bedroom Apartments

Capital Manor

515-524 S Chestnut StLansing, MI 48933
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319 E Hillsdale
2 Bedroom Apartments

319 E Hillsdale

319 E Hillsdale 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 Bedroom Apartments

Tamara Apartments

335 E Saint Joseph StLansing, MI 48933
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 427 Seymour Ave

427 Seymour Ave

LansingMI48933
Showing Results 1-34, 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 The "Wave" priced from $775. 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 ListingModel NameBed/BathPriced From
The "Wave"One Bedroom1BR,1BA$775
Capitol ParkThe One Bedroom1BR,1BA$807
Ferris Park TowersEfficiencyStudio,1BA$810
City View Apartments - 501 (501 S. Capitol Ave Lansing, MI)City View - Studio - The Clearwater *MOVE IN SP...Studio,1BA$975
Lansing Tower ApartmentsAllegan1BR,1BA$1,075
Capitol View ApartmentsSStudio,1BA$1,145
The ArbaughThe Arbaugh - One Bedroom Apartment1BR,1BA$1,200

Best Value Apartments for Rent in Downtown Lansing, MI

As of June 02, 2025 the best value apartment in the Downtown Lansing area is the $2.15 price per square foot 2 Bed 2 Bath Model at Stadium District Apartments in the in the Downtown Lansing neighborhood starting from $1,957. The second greatest value Downtown Lansing apartment is the The Arbaugh - One Bedroom Apartment Model at The Arbaugh starting at $1,200 with a $1.45 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.
Stadium District Apartments2 Bed 2 Bath2BR,2BA$2.15
The ArbaughThe Arbaugh - One Bedroom Apartment1BR,1BA$1.45
522 N Walnut St, Unit Lower522 N Walnut St1BR,1BA$1.07
Capitol ParkThe One Bedroom1BR,1BA$1.02
Hillcrest Village ApartmentsGeorgian2BR,1BA$1.60
Lansing Tower ApartmentsAllegan1BR,1BA$1.40
The "Wave"One Bedroom1BR,1BA$1.11
Ferris Park TowersEfficiencyStudio ,1BA$1.18
529 W Ionia St, Unit 1529 W Ionia StStudio ,1BA$1.36
800 W Ionia St, Unit 2800 W Ionia St2BR,1BA$1.38

Getting Around the Downtown Lansing Neighborhood in Lansing, MI

Walk Score®

78 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

77 / 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 $810.

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

The lowest price for a Cheap One Bedroom Downtown Lansing Apartment is $775 at The "Wave".

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.

What is the most affordable Downtown Lansing Three Bedroom Apartment?

The best deal on a cheap Downtown Lansing Three Bedroom Apartment rental is at The Arbaugh and starts from $1,500.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.