
Cheap Homes for Rent in Lansing, MI from $700 (29 Rentals)
Search the lowest-cost Homes available for rent right now in Lansing.


1021 N Walnut St

1023 N Walnut St

1021 Moores River Dr

1016 N Capitol Ave

220 W Lapeer St

427 Seymour Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

1018 N Pennsylvania Ave

710 Cawood St

316 W Saginaw St

801 N Capitol Ave

3407 W Mt Hope Ave

1729 Maplewood Ave

3528 Queens Point Terrace
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.

233 N Chestnut St, Unit A

1007 Mahlon St

832 N Larch St, Unit apt 3

3521 Kings Point Terrace

1010 N Pine St, Unit B

3009 Greenbelt Dr

128 Whitehills Dr, Unit 3
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

1136 N Martin Luther King Jr Blvd

617 Dunlap St

605 S Grand Ave

307 N Walnut St

824 Cleveland St

2208 Marcus St

1223 Bensch St
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.

318 N Francis Ave
Lansing, MI Local Guide

How much does it cost to rent a home in Lansing?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lansing 2 Bedroom Homes for Rent | $1,217 | $899 | $1,600 |
| Lansing 3 Bedroom Homes for Rent | $1,807 | $1,100 | $3,200 |
| Lansing 4 Bedroom Homes for Rent | $1,835 | $1,100 | $2,695 |
| Lansing 5 Bedroom Homes for Rent | $3,750 | $3,750 | $3,750 |
Browse Top Homes for Rent in Lansing
Explore Lansing
Lansing, MI Local Guide
- Lansing Neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Lansing, MI
Pricing Updated: 06/20/2026Current apartment rentals in the Lansing, MI area range in price from $509 to $4,600 with an overall median price of $1,780. The three Lansing neighborhoods with the lowest median rent pricing are Old Everett at $750, Averill Woods at $725, and Colonial Village at $675. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lansing Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Old Everett | $949 | $750 | 14 |
| Averill Woods | $1,375 | $725 | 44 |
| Colonial Village | $1,375 | $675 | 139 |
| Lewton Rich | $1,395 | $725 | 140 |
| Moores River Drive Area | $1,395 | $595 | 131 |
| Riverview Estates | $1,395 | $595 | 49 |
| Scottsdale | $1,405 | $725 | 146 |
| Edgemont Park | $1,415 | $595 | 55 |
| Northwestside | $1,455 | $595 | 45 |
| Riverside | $1,480 | $595 | 149 |
Cheapest Available Lansing Apartments for Rent
 The cheapest available apartment rental in Lansing, MI is a 2 Beds unit found at Woodward Way in the Meridian Township Okemos neighborhood priced from $412. The Cottages in the Meridian Township Okemos neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $625. Here is today’s list of the most affordable Lansing apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Woodward Way | 2 Bedroom | 2BR,1BA | $412 |
| The Cottages | The Cottages Quad Split - Four Bedroom -JOIN OU... | 4BR,4BA | $625 |
| MLK Flatz | Studio | Studio,1BA | $660 |
| Reside 517 LLC | 1BR/1.0BA | 1BR,1BA | $675 |
| Walnut Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $700 |
| College Park Apartments | One Bedroom | 1BR,1BA | $700 |
| Woodbridge Manor Apartments | 1 Bedroom Standard | 1BR,1BA | $715 |
| Abbot Manor (910 Apartments, LLC) | Abbot Manor Apartments |Two Bedroom | Rent by t... | 2BR,1BA | $725 |
Best Value Apartments for Rent in Lansing, MI
As of June 20, 2026 the best value apartment in the 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 Lansing apartment is the 4 Bed/4.5 Bath Townhome Model at Hannah Townhomes & Lofts starting at $1,045 with a $0.62 price per square foot in the Michigan State University neighborhood. Here is today’s list of the best values for 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 |
| Hannah Townhomes & Lofts | 4 Bed/4.5 Bath Townhome | 4BR,4BA | $0.62 |
| Skyvue MI | 4 BEDROOM/4 BATHROOM - D1 | 4BR,4BA | $0.63 |
| Campus Village-E. Lansing | 3 Bedroom 3 Bathroom | 3BR,3BA | $0.85 |
| Kimberly House Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.91 |
| Woodward Way | 2 Bedroom | 2BR,1.5BA | $0.40 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $0.83 |
| The Village at Chandler Crossings | 2 BED 2 BATH - SPARTAN | 2BR,2BA | $0.89 |
| Stone Ridge Meadows | 2 Bed 1 Bath | 2BR,1BA | $0.91 |
| Glenwood Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.82 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Lansing, MI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lansing, MI Rentals by Map
See the most popular apartments and homes in Lansing, MI
Frequently Asked Questions about Lansing
What type of rentals are currently available in Lansing?
There are currently 690 Apartments for Rent in Lansing, MI with pricing that ranges from $412 to $4,600. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lansing ranging from $750 to $3,750.
What is the current price range for Rental Homes in Lansing?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lansing ranges from $750 to $3,750 with an average monthly rent of $1,910.
How much are larger Three and Four Bedroom Rentals in Lansing?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lansing range from $740 to $4,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,200. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $509.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.