Cheap Apartments for Rent in the Riverside Neighborhood of Lansing, MI from $500 (85 Rentals)

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

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.

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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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property at 230 S Holmes St

230 S Holmes St

LansingMI48912

Navigating the Rental Market: Tips for First-Time Renters

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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 Baltic Flatz priced from $700. The "Wave" 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
Baltic Flatz1 Bedroom/1 Bath1BR,1BA$700
The "Wave"One Bedroom1BR,1BA$775
Reside 517 LLC1BR/1.0BA1BR,1BA$785
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$800
Hiland Flatz2 Bedroom/1 Bath2BR,1BA$800
Capitol ParkThe One Bedroom1BR,1BA$807
Holmes Flatz2 Bedroom/1 Bath2BR,1BA$825
The Grove @ Grove Park1 Bed, 1 bath1BR,1BA$850

Best Value Apartments for Rent in Riverside, MI

As of June 30, 2025 the best value apartment in the Riverside area is the $0.82 price per square foot 609 Bluff St Model at 609 Bluff St in the in the North Lansing neighborhood starting from $1,400. The second greatest value Riverside apartment is the 220 W Oakland Ave Model at 220 W Oakland Ave starting at $1,250 with a $0.78 price per square foot in the North Lansing 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.
609 Bluff St609 Bluff St3BR,1BA$0.82
220 W Oakland Ave220 W Oakland Ave3BR,1BA$0.78
1016 Kelsey Ave1016 Kelsey Ave3BR,1BA$0.93
426 W Saginaw St, Unit 1 Down426 W Saginaw St2BR,1BA$0.72
424 W Saginaw St, Unit 1 - Down424 W Saginaw St2BR,1BA$0.72
422 W Saginaw St, Unit Lower422 W Saginaw St2BR,1BA$0.70
1039 S Pennsylvania Ave, Unit 1 - Down1039 S Pennsylvania Ave1BR,1BA$0.68
1224 E Malcolm X St, Unit #11224 E Malcolm X St1BR,1BA$0.83
Holmes Flatz2 Bedroom/1 Bath2BR,1BA$0.97
Hiland Flatz2 Bedroom/1 Bath2BR,1BA$0.94

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 #16

Among neighborhoods in Lansing, MI 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 the Cheapest Studio apartment in Riverside?

Currently the most affordable Cheap Studio Apartment in Riverside is at Fountain Place Apartments listed at $875.

How much is rent for a Cheap One Bedroom Riverside Apartment?

The lowest price for a Cheap One Bedroom Riverside Apartment is $700 at Baltic Flatz.

What is the lowest price for a Cheap Two Bedroom Riverside Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Riverside is starting from $800 at Hiland Flatz.

What is the most affordable Riverside Three Bedroom Apartment?

The best deal on a cheap Riverside Three Bedroom Apartment rental is at Cambridge Manor and starts from $1,375.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.