Cheap Apartments for Rent in the Shepard Street Area Lansing, MI from $400 (109 Rentals)

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

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624 W Lapeer St
$600 - $925
Total Monthly Price

Total Monthly Price

Base Rent
$600 - $925
Total Monthly Price
$600 - $925
Studio to 1 Bedroom Apartment Available Now

624 W Lapeer St

624 W Lapeer StLansing, MI 48933
Affordability

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.

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424 W Saginaw St
$775 - $975
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $975
Total Monthly Price
$775 - $975
1 to 2 Bedroom Apartment Available Now

424 W Saginaw St

424 W Saginaw StLansing, MI 48933
Cost Per Sq.Ft.
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426 W Saginaw St
$775 - $975
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $975
Total Monthly Price
$775 - $975
1 to 2 Bedroom Apartment Available Now

426 W Saginaw St

426 W Saginaw StLansing, MI 48933
Cost Per Sq.Ft.
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124 E Barnes Ave
$800 - $975
Total Monthly Price

Total Monthly Price

Base Rent
$800 - $975
Total Monthly Price
$800 - $975
1 to 2 Bedroom Apartment Available Now

124 E Barnes Ave

124 E Barnes AveLansing, MI 48910
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416 W Saginaw St
$825 - $990
Total Monthly Price

Total Monthly Price

Base Rent
$825 - $990
Total Monthly Price
$825 - $990
1 to 2 Bedroom Apartment Available Now

416 W Saginaw St

416 W Saginaw StLansing, MI 48933
Cost Per Sq.Ft.

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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422 W Saginaw St
$850 - $975
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $975
Total Monthly Price
$850 - $975
1 to 2 Bedroom Apartment Available Now

422 W Saginaw St

422 W Saginaw StLansing, MI 48933
Cost Per Sq.Ft.

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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Lansing Tower Apartments
Rent Specials
$905 - $1,580
Total Monthly Price

Total Monthly Price

Base Rent
$883 - $1,558
Required Monthly Fees
$22
Total Monthly Price
$905 - $1,580
Studio to 3 Bedroom Apartments Available Now

Lansing Tower Apartments

610 W Ottawa StLansing, MI 48933
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Brentwood Apartments
Rent Specials
$930 - $999
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $944
Required Monthly Fees
$55
Total Monthly Price
$930 - $999
2 Bedroom Apartments Available Now

Brentwood Apartments

2928 Kenwick CirLansing, MI 48912
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Shepard Street Area, Lansing, MI Local Guide

Cheapest Available Shepard Street Area Apartments for Rent

 

The cheapest available apartment rental in the Shepard Street Area area of Lansing, MI is a 2 Beds unit found at Abigail Senior priced from $475. Pennsylvania Flatz has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Shepard Street Area apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Abigail SeniorThe Gertrude 30%2BR,1BA$475
Pennsylvania Flatz1 Bedroom/1 Bath1BR,1BA$700
Pacific FlatzA1. 1 Bedroom/1 Bath1BR,1BA$700
Reside 517 LLC1BR/1.0BA1BR,1BA$750
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$750
Shiawassee Apartments1 BR / 1 Bath1BR,1BA$775

Best Value Apartments for Rent in Shepard Street Area, MI

As of March 06, 2026 the best value apartment in the Shepard Street Area 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 Shepard Street Area 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 Shepard Street Area 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$0.96
Skyvue MI4 BEDROOM/4 BATHROOM - D14BR,4BA$0.65
Campus Village-E. Lansing3 Bedroom 3 Bathroom3BR,3BA$0.85
Abigail SeniorThe Christin 60%2BR,1BA$0.94
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
424 W Saginaw St424 W Saginaw St1BR,1BA$0.98
426 W Saginaw St426 W Saginaw St1BR,1BA$0.98
Pacific FlatzA1. 1 Bedroom/1 Bath1BR,1BA$1.00

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Best Local Schools in
Shepard Street Area, Lansing, MI

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Shepard Street Area, 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 filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Shepard Street Area Apartments

What is a cheap apartment in Shepard Street Area?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Shepard Street Area is under $775.

What is the price of a cheap apartment in Shepard Street Area?

The cheapest apartment in Shepard Street Area is Pacific Flatz which is listed at $700, while the average apartment in Shepard Street Area costs $1,476.

What types of apartments are the cheapest in Shepard Street Area?

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 46 regular apartments in Shepard Street Area 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 Shepard Street Area?

Cheap apartments in Shepard Street Area have an average cost of $395 which is $1,081 cheaper than the average rent for all rentals in Shepard Street Area.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.