Cheap Homes for Rent in Shady Oak Neighborhood of Lansing, MI from $600 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Shady Oak area of Lansing.

property at 602 N Pennsylvania Ave

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

1 Bedroom, 1 Bath Home for Rent

Available Now

602 N Pennsylvania Ave, Unit #3

602 N Pennsylvania Ave
LansingMI48912

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.

property at 427 Seymour Ave

$850 - $1,300

1 To 2 Bedroom Rentals

Available Now

427 Seymour Ave

LansingMI48933

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.

Shady Oak, Lansing, MI Local Guide

Cheapest Available Shady Oak Apartments for Rent

 

The cheapest available apartment rental in the Shady Oak area of Lansing, MI is a 1 Bed unit found at Reside 517 LLC priced from $675. Walnut Flatz has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Shady Oak apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Reside 517 LLC1BR/1.0BA1BR,1BA$675
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$700
927 W. Shiawassee St. #2-12A * 1BR1BR,1BA$750
Shiawassee Apartments LLC (723 W Shiawassee, LLC)Shiawassee Apartments - StudioStudio,1BA$750
Shiawassee Apartments1 BR / 1 Bath1BR,1BA$775

Best Value Apartments for Rent in Shady Oak, MI

As of May 30, 2026 the best value apartment in the Shady Oak 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 Shady Oak apartment is the 424 W Saginaw St Model at 424 W Saginaw St, Unit 1 - Down starting at $975 with a $0.72 price per square foot in the Downtown Lansing neighborhood. Here is today’s list of the best values for Shady Oak 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
424 W Saginaw St, Unit 1 - Down424 W Saginaw St2BR,1BA$0.72
Abigail SeniorThe Grace 60%2BR,1BA$0.89
820 N Pennsylvania Ave, Unit 3820 N Pennsylvania Ave2BR,1BA$1.22
731 N Sycamore St, Unit 731.5731 N Sycamore St2BR,1BA$1.11
422 W Saginaw St, Unit Upper422 W Saginaw St1BR,1BA$1.08
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$1.00
927 W. Shiawassee St. #2-12A * 1BR1BR,1BA$1.07
Ferris Park TowersEfficiencyStudio ,1BA$1.27
Shiawassee Apartments1 BR / 1 Bath1BR,1BA$1.29

Don'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 Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Shady Oak, Lansing, MI

Ranked #54

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Shady Oak

What type of rentals are currently available in Shady Oak?

There are currently 110 Apartments for Rent in Shady Oak, MI with pricing that ranges from $585 to $4,250. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shady Oak ranging from $695 to $1,955.

What is the current price range for Rental Homes in Shady Oak?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Shady Oak ranges from $695 to $1,955 with an average monthly rent of $1,346.

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.