220 W Lapeer St
LansingMI48933
Cheap Homes for Rent in Downtown Lansing Neighborhood of Lansing, MI from $800 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lansing area of Lansing.
418 N Walnut St
LansingMI48933
427 Seymour Ave
LansingMI48933
323 W Saginaw St
LansingMI48933
316 W Saginaw St
LansingMI48933
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Downtown Lansing, Lansing, MI Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Downtown Lansing?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Lansing 2 Bedroom Homes for Rent | $910 | $895 | $925 |
| Downtown Lansing 3 Bedroom Homes for Rent | $1,581 | $1,395 | $1,700 |
| Downtown Lansing 4 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Lansing Neighborhood of Lansing, MI.
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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 927 W. Shiawassee St. #2-12 priced from $750. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 927 W. Shiawassee St. #2-12 | A * 1BR | 1BR,1BA | $750 |
| Capitol Park | The One Bedroom | 1BR,1BA | $807 |
| Ferris Park Towers | Efficiency | Studio,1BA | $871 |
Best Value Apartments for Rent in Downtown Lansing, MI
As of October 27, 2025 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 501 N Walnut St, Unit 1 | 501 N Walnut St | 1BR,1BA | $0.27 |
| 422 W Saginaw St, Unit Lower | 422 W Saginaw St | 2BR,1BA | $0.72 |
| 424 W Saginaw St, Unit 1 - Down | 424 W Saginaw St | 2BR,1BA | $0.72 |
| 426 W Saginaw St, Unit 1 Down | 426 W Saginaw St | 2BR,1BA | $0.72 |
| 706 W Saginaw St, Unit 1 | 706 W Saginaw St | 3BR,1BA | $1.17 |
| 507 N Sycamore St, Unit 1st Floor | 507 N Sycamore St | 2BR,1BA | $1.03 |
| 319 N Sycamore St, Unit 319 #2 | 319 N Sycamore St | 1BR,1BA | $1.22 |
| 416 W Saginaw St, Unit 1st Floor | 416 W Saginaw St | 2BR,1BA | $1.11 |
| Capitol Park | The One Bedroom | 1BR,1BA | $1.02 |
| 927 W. Shiawassee St. #2-12 | A * 1BR | 1BR,1BA | $1.07 |
Frequently Asked Questions about Downtown Lansing
What type of rentals are currently available in Downtown Lansing?
There are currently 83 Apartments for Rent in Downtown Lansing, MI with pricing that ranges from $625 to $2,500. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lansing ranging from $850 to $1,800.
What is the current price range for Rental Homes in Downtown Lansing?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Lansing ranges from $850 to $1,800 with an average monthly rent of $1,297.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.