Cheap Apartments for Rent in the Riverside Neighborhood of Lansing, MI from $500 (77 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Riverside area of Lansing.

property at 3900 Stabler St

3900 Stabler St

LansingMI48910
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Del Marr Apartments
1 to 2 Bedroom Apartments

Del Marr Apartments

2934 Mersey LnLansing, MI 48911
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916 W Ottawa St
1 to 2 Bedroom Apartments

916 W Ottawa St

916 W Ottawa StLansing, MI 48915
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Somerset Apartments
1 to 2 Bedroom Apartments

Somerset Apartments

1401 W Holmes RdLansing, MI 48910
Senior Living
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Colonial Woods
1 to 2 Bedroom Apartments

Colonial Woods

2001 W Mount Hope AveLansing, MI 48910
Senior Living
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Reside 3031 Apartments
1 to 2 Bedroom Apartments

Reside 3031 Apartments

3031 S Washington AveLansing, MI 48910
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Riverfront Towers
1 to 2 Bedroom Apartments

Riverfront Towers

601 N Cedar StLansing, MI 48912
Senior Living
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Capital Manor
Studio to 2 Bedroom Apartments

Capital Manor

515-524 S Chestnut StLansing, MI 48933
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Sandhurst
Studio to 1 Bedroom Apartments

Sandhurst

3811 Sandhurst DrLansing, MI 48911
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Showing Results 1-50, Page 1 of 2

Riverside, Lansing, MI Local Guide

Cheapest Available Riverside Apartments for Rent

 

The cheapest available apartment rental in the Riverside area of Lansing, MI is a 1 Bed unit found at The "Wave" priced from $775. Reside 517 LLC has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Riverside apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
The "Wave"One Bedroom1BR,1BA$775
Reside 517 LLC1BR/1.0BA1BR,1BA$775
Holmes Flatz1 Bedroom/1 Bath1BR,1BA$800
Capitol ParkThe One Bedroom1BR,1BA$807
The Grove @ Grove Park1 Bed, 1 bath1BR,1BA$850
Ferris Park TowersEfficiencyStudio,1BA$871
Carolina Flatz1 Bedroom/1 Bath Townhome1BR,1BA$880
REO Town Apartments300 Building 1 Bedroom1BR,1BA$895

Best Value Apartments for Rent in Riverside, MI

As of October 13, 2025 the best value apartment in the Riverside 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 Riverside apartment is the Three Bedroom Model at Cambridge Manor starting at $1,375 with a $1.06 price per square foot in the Lansing Eaton neighborhood. Here is today’s list of the best values for Riverside 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
Cambridge ManorThree Bedroom3BR,2BA$1.06
829 N Walnut St, Unit 1829 N Walnut St2BR,1BA$1.09
319 N Sycamore St, Unit 319 #2319 N Sycamore St1BR,1BA$1.22
Highland Holmes ApartmentsTwo Bedroom2BR,1BA$1.12
Capitol ParkThe One Bedroom1BR,1BA$1.02
Fountain Place ApartmentsOne bedroom1BR,1BA$1.26
The "Wave"One Bedroom1BR,1BA$1.11
The Grove @ Grove Park1 Bed, 1 bath1BR,1BA$1.21
Holmes Flatz1 Bedroom/1 Bath1BR,1BA$1.14

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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Pet Friendly Lifestyle
Riverside, Lansing, MI

Ranked #28

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Riverside, Lansing, and the greater Lansing area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, family-friendly amenities, raising pets, transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Riverside Neighborhood in Lansing, MI

Walk Score®

46 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

30 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Riverside Apartments

What is a cheap apartment in Riverside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverside is under $895.

What is the price of a cheap apartment in Riverside?

The cheapest apartment in Riverside is The "Wave" which is listed at $775, while the average apartment in Riverside costs $1,625.

What types of apartments are the cheapest in Riverside?

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 5 regular apartments in Riverside 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 Riverside?

Cheap apartments in Riverside have an average cost of $165 which is $1,460 cheaper than the average rent for all rentals in Riverside.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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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.