
Cheap Apartments for Rent in the Michigan State University Neighborhood of Lansing, MI from $600 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Michigan State University area of Lansing.


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Knob Hill Apartments
Michigan State University, Lansing, MI Local Guide

How much does it cost to rent an apartment in Michigan State University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Michigan State University Studio Apartments | $1,542 | $1,440 | $1,645 |
| Michigan State University 1 Bedroom Apartments | $1,198 | $700 | $1,867 |
| Michigan State University 2 Bedroom Apartments | $1,297 | $650 | $2,446 |
| Michigan State University 3 Bedroom Apartments | $1,671 | $1,250 | $2,946 |
| Michigan State University 4 Bedroom Apartments | $1,529 | $750 | $1,980 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Michigan State University Neighborhood of Lansing, MI.
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Cheapest Available Michigan State University Apartments for Rent
 The cheapest available apartment rental in the Michigan State University area of Lansing, MI is a 1 Bed unit found at College Park Apartments priced from $700. Trappers Cove Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $901. Here are the most affordable Michigan State University apartments for rent in Lansing, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| College Park Apartments | One Bedroom | 1BR,1BA | $700 |
| Trappers Cove Apartments | One Bedroom Cape Cod | 1BR,1BA | $901 |
| Tammany Hills Apartments | 1 Bedroom Garden Floor | 1BR,1BA | $925 |
Best Value Apartments for Rent in Michigan State University, MI
As of April 24, 2026 the best value apartment in the Michigan State University area is the $0.65 price per square foot 4 Bed/4.5 Bath Townhome Deluxe Model at Hannah Townhomes & Lofts in the in the Michigan State University neighborhood starting from $1,105. The second greatest value Michigan State University apartment is the The Varsity Model at College Towne Apartments starting at $1,525 with a $1.17 price per square foot in the Forest View neighborhood. Here is today’s list of the best values for Michigan State University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hannah Townhomes & Lofts | 4 Bed/4.5 Bath Townhome Deluxe | 4BR,4.5BA | $0.65 |
| College Towne Apartments | The Varsity | 3BR,3BA | $1.17 |
| Towne Square Apartments and Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.33 |
| Oakbrook Townhomes | 2 Bed TH | 2BR,1.5BA | $1.40 |
| Woodland Lakes Apartments | B | 2BR,2BA | $1.38 |
| Briarcliffe Apartments & Townhomes | 2 Bed 1.5 Bath Renovated | 2BR,1.5BA | $1.58 |
| Okemos Station Apartments | 2 Bedroom | 2BR,1BA | $1.51 |
| Tammany Hills Apartments | 1 Bedroom Second Floor | 1BR,1BA | $1.47 |
| Trappers Cove Apartments | One Bedroom Cape Cod | 1BR,1BA | $1.44 |
| College Park Apartments | One Bedroom | 1BR,1BA | $1.17 |
Frequently Asked Questions about Cheap Michigan State University Apartments
What is the price of a cheap apartment in Michigan State University?
The cheapest apartment in Michigan State University is College Park Apartments which is listed at $700, while the average apartment in Michigan State University costs $1,600.
What types of apartments are the cheapest in Michigan State University?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 24 regular apartments in Michigan State University that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Michigan State University?
Cheap apartments in Michigan State University have an average cost of $307 which is $1,293 cheaper than the average rent for all rentals in Michigan State University.
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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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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