
Cheap Homes for Rent in Shepard Street Area Lansing, MI from $600 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Shepard Street Area area of Lansing.


917 Seymour Ave

1023 N Walnut St

1016 N Capitol Ave

418 N Walnut St
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.

109 W Maple St

323 W Saginaw St

313 Rumsey Ave, Unit 1

2609 Maplewood Ave

801 N Capitol Ave
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.

2217 S Pennsylvania Ave

1911 Alpha St

511 W Lenawee St

1025 N Washington Ave

208 W Oakland Ave
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.
Shepard Street Area, Lansing, MI Local Guide

How much does it cost to rent a home in Shepard Street Area?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Shepard Street Area 2 Bedroom Homes for Rent | $1,167 | $895 | $1,799 |
Shepard Street Area 3 Bedroom Homes for Rent | $1,380 | $995 | $1,700 |
Shepard Street Area 4 Bedroom Homes for Rent | $1,235 | $675 | $1,795 |
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Shepard Street Area Neighborhood of Lansing, MI.
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Shepard Street Area, Lansing, MI Local Guide
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Cheapest Available Shepard Street Area Apartments for Rent
 The cheapest available apartment rental in the Shepard Street Area area of Lansing, MI is a 1 Bed unit found at Abigail Senior priced from $585. Reside 517 LLC has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable Shepard Street Area apartments for rent in Lansing, MI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Abigail Senior | The Barbara 40% | 1BR,1BA | $585 |
Reside 517 LLC | 1BR/1.0BA | 1BR,1BA | $775 |
TLA-Timber Lake | Canopy | Studio,1BA | $790 |
Capitol Park | The One Bedroom | 1BR,1BA | $807 |
Wilshire Apartments | One Bedroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in Shepard Street Area, MI
As of October 13, 2025 the best value apartment in the Shepard Street Area 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 Shepard Street Area apartment is the 4 BEDROOM/4 BATHROOM - D1 Model at Skyvue MI starting at $875 with a $0.65 price per square foot in the Square One neighborhood. Here is today’s list of the best values for Shepard Street Area apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
501 N Walnut St, Unit 1 | 501 N Walnut St | 1BR,1BA | $0.27 |
Skyvue MI | 4 BEDROOM/4 BATHROOM - D1 | 4BR,4BA | $0.65 |
Campus Village-E. Lansing | 3 Bedroom 3 Bathroom | 3BR,3BA | $0.85 |
829 N Walnut St, Unit 1 | 829 N Walnut St | 2BR,1BA | $1.09 |
Treehouse South Apartments | 3 Bedroom, 2 Full Bath | 3BR,2BA | $0.88 |
Abigail Senior | The Grace 60% | 2BR,1BA | $0.98 |
213 S Fairview Ave, Unit Lower | 213 S Fairview Ave | 2BR,1BA | $1.15 |
Woodbrook Village Apartments | 1 Bed, 1 Bath with or without Den | 1BR,1BA | $1.20 |
Capitol Park | The One Bedroom | 1BR,1BA | $1.02 |
Treehouse West Apartments | 2 bed lic up to 3 | 2BR,1BA | $1.11 |
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Pet Friendly LifestyleShepard Street Area, Lansing, MI
Ranked #9
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Shepard Street Area, Lansing, MI
School data provided by Great Schools
Frequently Asked Questions about Shepard Street Area
What type of rentals are currently available in Shepard Street Area?
There are currently 288 Apartments for Rent in Shepard Street Area, MI with pricing that ranges from $451 to $4,250. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shepard Street Area ranging from $675 to $1,799.
What is the current price range for Rental Homes in Shepard Street Area?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Shepard Street Area ranges from $675 to $1,799 with an average monthly rent of $1,186.
How much are larger Three and Four Bedroom Rentals in Shepard Street Area?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Shepard Street Area range from $1,035 to $3,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $1,700. Four Bedroom Single-Family rentals are also available starting from $675 and Four Bedroom Apartments start at $875.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.

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.