Cheap Homes for Rent in Lansing, MI from $400 (27 Rentals)

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

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.

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.

property at 3417 Snow Rd

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Home for Rent

Available May 8

3417 Snow Rd

LansingMI48917
property at 1007 Mahlon St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Home for Rent

Available Jun 15

1007 Mahlon St

LansingMI48906

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.

property at 128 Whitehills Dr

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Jun 1

128 Whitehills Dr, Unit 3, Unit 3

128 Whitehills Dr
East LansingMI48823
property at 1828 Davis Ave

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

1828 Davis Ave

LansingMI48910

The Art of the Rental Viewing: What to look for during a property tour

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: 05/06/2026

Current apartment rentals in the Lansing, MI area range in price from $475 to $4,600 with an overall median price of $1,981. The three Lansing neighborhoods with the lowest median rent pricing are Averill Woods at $725, Colonial Village at $675, and Moores River Drive Area at $625. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lansing Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Averill Woods$1,295$72527
Colonial Village$1,395$675106
Moores River Drive Area$1,395$625125
Lewton Rich$1,472$725118
Edgemont Park$1,477$47567
Riverview Estates$1,477$62560
Northwestside$1,499$47556
Scottsdale$1,499$725132
Groesbeck Area$1,531$499188
River Forest$1,532$475152

Cheapest Available Lansing Apartments for Rent

 

The cheapest available apartment rental in Lansing, MI is a 4 Beds unit found at Abbot Manor (910 Apartments, LLC) in the Square One neighborhood priced from $599. The Cottages (Cottages Hunsaker 1 LLC) 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 ListingModel NameBed/BathPriced From
Abbot Manor (910 Apartments, LLC)Abbot Manor - Four Bedroom4BR,2BA$599
The Cottages (Cottages Hunsaker 1 LLC)The Cottages Quad Split - Four Bedroom -JOIN OU...4BR,4BA$625
Reside 517 LLC1BR/1.0BA1BR,1BA$675
Fred FlatzStudioStudio,1BA$675
College Park ApartmentsOne Bedroom1BR,1BA$700
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$700
Fred Louisa Flatz1 Bedroom/1 Bath1BR,1BA$700
Woodbridge Manor Apartments1 Bedroom Standard1BR,1BA$715
Reside 30311 BR / 1 Bath1BR,1BA$725

Best Value Apartments for Rent in Lansing, MI

As of May 06, 2026 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 4 Bed/4.5 Bath Townhome Deluxe Model at Hannah Townhomes & Lofts starting at $1,055 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 ListingModel NameBed/BathPrice Per Sq.Ft.
501 N Walnut St, Unit 1501 N Walnut St1BR,1BA$0.27
Hannah Townhomes & Lofts4 Bed/4.5 Bath Townhome Deluxe4BR,4.5BA$0.62
Skyvue MI4 BEDROOM/4 BATHROOM - D14BR,4BA$0.65
Cambridge ManorTwo Bedroom2BR,2BA$0.92
Block 364x44BR,4BA$0.41
Campus Village-E. Lansing3 Bedroom 3 Bathroom3BR,3BA$0.85
517 W Shiawassee St517 W Shiawassee St2BR,1.5BA$0.80
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Stone Ridge Meadows2 Bed 1 Bath2BR,1BA$0.91
The Quarters East LansingB - 2x12BR,1BA$0.87

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lansing, MI Rentals by Map

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Frequently Asked Questions about Lansing

What type of rentals are currently available in Lansing?

There are currently 677 Apartments for Rent in Lansing, MI with pricing that ranges from $423 to $4,600. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lansing ranging from $450 to $3,999.

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 $450 to $3,999 with an average monthly rent of $1,912.

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 $423 to $4,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $450 to $3,000. 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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.