
Cheap Apartments for Rent in the Michigan State University Neighborhood of Lansing, MI from $700 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Michigan State University area of Lansing.


Tammany Hills Apartments

Towne Square Apartments and Townhomes

Briarcliffe Apartments & Townhomes

Pinewood Club Apartments
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.

College Park Apartments

Arbor Forest Apartments

Waterfront Apartments (TCT 1600, LLC)

Okemos Station Apartments

Knob Hill Apartments
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.
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 | $1,363 | $1,050 | $1,600 |
| Michigan State University 1 Bedroom Apartments | $1,184 | $700 | $1,915 |
| Michigan State University 2 Bedroom Apartments | $1,339 | $998 | $2,446 |
| Michigan State University 3 Bedroom Apartments | $1,741 | $1,250 | $2,946 |
| Michigan State University 4 Bedroom Apartments | $1,476 | $750 | $1,899 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Michigan State University Neighborhood of Lansing, MI.
See all Apartments in LansingExplore Lansing
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 $916. 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 | $916 |
| Tammany Hills Apartments | 1 Bedroom Garden Floor | 1BR,1BA | $925 |
Best Value Apartments for Rent in Michigan State University, MI
As of June 08, 2026 the best value apartment in the Michigan State University area is the $0.62 price per square foot 4 Bed/4.5 Bath Townhome Model at Hannah Townhomes & Lofts in the in the Michigan State University neighborhood starting from $1,045. The second greatest value Michigan State University apartment is the The Final Four Model at College Towne Apartments starting at $1,575 with a $1.08 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 | 4BR,4BA | $0.62 |
| College Towne Apartments | The Final Four | 4BR,2BA | $1.08 |
| Towne Square Apartments and Townhomes | 3 Bed 2.5 Bath | 3BR,2.5BA | $1.19 |
| Woodland Lakes Apartments | B | 2BR,2BA | $1.46 |
| Trappers Cove Apartments | Two Bedroom Alpine | 2BR,1BA | $1.55 |
| Capitol Villa Apartments | 1 bed, 1 bath | 1BR,1BA | $1.34 |
| Okemos Station Apartments | 2 Bedroom | 2BR,1BA | $1.57 |
| Glenwood Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.82 |
| Tammany Hills Apartments | 1 Bedroom Second Floor | 1BR,1BA | $1.47 |
| 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 $1,650.
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 18 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 $309 which is $1,341 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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.