Cheap Homes for Rent in Lansing, MI from $700 (29 Rentals)

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Search the lowest-cost Homes available for rent right now in Lansing.

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property at 4701 Richmond St

4701 Richmond St

LansingMI48911

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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.

Lansing, MI Local Guide

Cheapest Neighborhoods for Apartments in Lansing, MI

Pricing Updated: 07/31/2025

Current apartment rentals in the Lansing, MI area range in price from $499 to $6,023 with an overall median price of $1,527. The three Lansing neighborhoods with the lowest median rent pricing are Old Everett at $995, Greencroft Park at $750, and Averill Woods at $785. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lansing Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Old Everett$1,200$9958
Greencroft Park$1,250$75090
Averill Woods$1,300$78526
Westside$1,325$62561
Groesbeck Area$1,326$499178
Colonial Village$1,337$67590
Churchill Downs$1,350$80043
Wexford Heights$1,350$80038
Lansing Eaton$1,375$80041
Lewton Rich$1,375$75089

Cheapest Available Lansing Apartments for Rent

 

The cheapest available apartment rental in Lansing, MI is a 4 Beds unit found at 25 East in the Eastfield neighborhood priced from $525. Fred Apartments in the Colonial Village neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here is today’s list of the most affordable Lansing apartments for rent:

Apartment ListingModel NameBed/BathPriced From
25 East4BR/2BA - Top Floor4BR,2BA$525
Fred ApartmentsStudioStudio,1BA$675
Bardaville ApartmentsSmall Unit1BR,1BA$675
Woodbridge Manor Apartments1 Bedroom Standard1BR,1BA$690
Carriage House ApartmentsOne Bedroom1BR,1BA$700
745 Burcham Dr2BR/1BA - 731 Burcham Drive2BR,1BA$750
Victory East Lansing2BR/1BA - 731 Burcham Drive2BR,1BA$750
Holmes Flatz1 Bedroom/1 Bath1BR,1BA$750
The "Wave"One Bedroom1BR,1BA$775

Best Value Apartments for Rent in Lansing, MI

As of July 31, 2025 the best value apartment in the 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 Lansing apartment is the 4x4.5 Townhome B Model at Hannah Lofts starting at $990 with a $0.58 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 ListingModel NameBed/BathPrice Per Sq.Ft.
501 N Walnut St, Unit 1501 N Walnut St1BR,1BA$0.27
Hannah Lofts4x4.5 Townhome B4BR,4.5BA$0.58
1033 E Cesar E Chavez Ave, Unit Down1033 E Cesar E Chavez Ave2BR,1BA$0.72
Campus Village-E. Lansing4 Bedroom 4 Bathroom4BR,4BA$0.63
Skyvue MI4 BEDROOM/4 BATHROOM - D14BR,4BA$0.65
426 W Saginaw St, Unit 1 Down426 W Saginaw St2BR,1BA$0.72
422 W Saginaw St, Unit Lower422 W Saginaw St2BR,1BA$0.70
1039 S Pennsylvania Ave, Unit 1 - Down1039 S Pennsylvania Ave1BR,1BA$0.68
Block 364x44BR,4BA$0.39
Arbor Glen Apartments2 Bed 1 Bath (for 2 people rate per person)2BR,1BA$0.57

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Frequently Asked Questions about Lansing

What type of rentals are currently available in Lansing?

There are currently 708 Apartments for Rent in Lansing, MI with pricing that ranges from $525 to $6,023. There are also 103 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lansing ranging from $745 to $99,999.

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 $745 to $99,999 with an average monthly rent of $1,967.

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 $670 to $6,023, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,700. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $525.

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 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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.