
Cheap Homes for Rent in Lansing, MI from $400 (27 Rentals)
Search the lowest-cost Homes available for rent right now in Lansing.


602 N Pennsylvania Ave, Unit #3, Unit #3

917 Seymour Ave

1016 N Capitol Ave

1021 Moores River Dr

220 W Lapeer St
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.

427 Seymour Ave

1018 N Pennsylvania Ave

316 W Saginaw St

801 N Capitol Ave

410 W Lapeer St

323 W Saginaw St
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.

1021 Moores River Dr, Unit 1

3417 Snow Rd

1007 Mahlon St

832 N Larch St, Unit apt 3

307 N Walnut St

605 S Grand Ave
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.

128 Whitehills Dr, Unit 3, Unit 3

807 Cawood St

923 N Sycamore St

1010 N Pine St, Unit B

1017 Hein Ave

1828 Davis Ave
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.

524 N Walnut St

730 Johnson Ave

1223 Bensch St
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 | $1,146 | $899 | $1,450 |
| Lansing 3 Bedroom Homes for Rent | $1,660 | $450 | $3,000 |
| Lansing 4 Bedroom Homes for Rent | $2,092 | $1,100 | $3,999 |
| 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: 05/06/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Averill Woods | $1,295 | $725 | 27 |
| Colonial Village | $1,395 | $675 | 106 |
| Moores River Drive Area | $1,395 | $625 | 125 |
| Lewton Rich | $1,472 | $725 | 118 |
| Edgemont Park | $1,477 | $475 | 67 |
| Riverview Estates | $1,477 | $625 | 60 |
| Northwestside | $1,499 | $475 | 56 |
| Scottsdale | $1,499 | $725 | 132 |
| Groesbeck Area | $1,531 | $499 | 188 |
| River Forest | $1,532 | $475 | 152 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Abbot Manor (910 Apartments, LLC) | Abbot Manor - Four Bedroom | 4BR,2BA | $599 |
| The Cottages (Cottages Hunsaker 1 LLC) | The Cottages Quad Split - Four Bedroom -JOIN OU... | 4BR,4BA | $625 |
| Reside 517 LLC | 1BR/1.0BA | 1BR,1BA | $675 |
| Fred Flatz | Studio | Studio,1BA | $675 |
| College Park Apartments | One Bedroom | 1BR,1BA | $700 |
| Walnut Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $700 |
| Fred Louisa Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $700 |
| Woodbridge Manor Apartments | 1 Bedroom Standard | 1BR,1BA | $715 |
| Reside 3031 | 1 BR / 1 Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 501 N Walnut St, Unit 1 | 501 N Walnut St | 1BR,1BA | $0.27 |
| Hannah Townhomes & Lofts | 4 Bed/4.5 Bath Townhome Deluxe | 4BR,4.5BA | $0.62 |
| Skyvue MI | 4 BEDROOM/4 BATHROOM - D1 | 4BR,4BA | $0.65 |
| Cambridge Manor | Two Bedroom | 2BR,2BA | $0.92 |
| Block 36 | 4x4 | 4BR,4BA | $0.41 |
| Campus Village-E. Lansing | 3 Bedroom 3 Bathroom | 3BR,3BA | $0.85 |
| 517 W Shiawassee St | 517 W Shiawassee St | 2BR,1.5BA | $0.80 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $0.83 |
| Stone Ridge Meadows | 2 Bed 1 Bath | 2BR,1BA | $0.91 |
| The Quarters East Lansing | B - 2x1 | 2BR,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.
Read Article10 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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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 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

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.

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.

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.

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.