418 N Walnut St
LansingMI48933
Cheap Homes for Rent in Downtown Lansing Neighborhood of Lansing, MI from $800 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Lansing area of Lansing.
323 W Saginaw St
LansingMI48933
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.
427 Seymour Ave
LansingMI48933
220 W Lapeer St
LansingMI48933
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.
Showing Results 1-4, Page 1 of 1
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 4 Bedroom Homes for Rent | $2,000 | $1,800 | $2,200 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Lansing Neighborhood of Lansing, MI.
Explore Lansing
Let everyone know!
Do you know the Downtown Lansing area?
If you’re an expert on all things Downtown Lansing, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Value Apartments for Rent in Downtown Lansing, MI
As of September 10, 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 426 W Saginaw St Model at 426 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 501 N Walnut St, Unit 1 | 501 N Walnut St | 1BR,1BA | $0.27 |
| 426 W Saginaw St, Unit 1 Down | 426 W Saginaw St | 2BR,1BA | $0.72 |
| 424 W Saginaw St, Unit 1 - Down | 424 W Saginaw St | 2BR,1BA | $0.72 |
| 422 W Saginaw St, Unit Lower | 422 W Saginaw St | 2BR,1BA | $0.72 |
| 706 W Saginaw St, Unit 1 | 706 W Saginaw St | 3BR,1BA | $1.17 |
| Ferris Park Towers | One Bedroom | 1BR,1BA | $1.03 |
| 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 |
Frequently Asked Questions about Downtown Lansing
What type of rentals are currently available in Downtown Lansing?
There are currently 78 Apartments for Rent in Downtown Lansing, MI with pricing that ranges from $625 to $2,500. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Lansing ranging from $895 to $2,200.
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 $895 to $2,200 with an average monthly rent of $1,336.
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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.