307 N Walnut St
LansingMI48933
Cheap Homes for Rent in the Downtown Lansing Neighborhood of Lansing, MI from $600 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lansing area of Lansing.
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
220 W Lapeer St
LansingMI48933
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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 4 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Downtown Lansing Neighborhood of Lansing, MI.
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Best Value Apartments for Rent in Downtown Lansing, MI
As of July 29, 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 2 Bed 2 Bath Model at Stadium District Apartments starting at $1,555 with a $1.71 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 | $0.26 |
| Stadium District Apartments | 2 Bed 2 Bath | 2BR,2BA | $1.71 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $0.83 |
| Metro Place Apartments | B1 Senator | 2BR,1BA | $1.91 |
| The Arbaugh | The Arbaugh - One Bedroom Apartment | 1BR,1BA | $1.61 |
| Capitol Park | The One Bedroom | 1BR,1BA | $1.02 |
| 927 W. Shiawassee St. #2-12 | A * 1BR | 1BR,1BA | $1.07 |
| Ferris Park Towers | Efficiency | Studio ,1BA | $1.27 |
| Marketplace | 1 Bed, 1 Bath (572 Sq Ft) | 1BR,1BA | $2.21 |
| Lansing Tower Apartments | Ionia | Studio ,1BA | $1.93 |
Frequently Asked Questions about Downtown Lansing
What type of rentals are currently available in Downtown Lansing?
There are currently 70 Apartments for Rent in Downtown Lansing, MI with pricing that ranges from $595 to $2,214. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lansing ranging from $650 to $1,500.
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 $650 to $1,500 with an average monthly rent of $1,193.
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
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.