724 N Walnut St
LansingMI48906
Cheap Homes for Rent in Shepard Street Area Lansing, MI from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Shepard Street Area area of Lansing.
917 Seymour Ave
LansingMI48906
1016 N Capitol Ave
LansingMI48906
801 N Capitol Ave
LansingMI48906
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$9501 Bedroom Apartments Available Now
902 Chicago Ave, Unit 1
902 Chicago AveLansing, MI 48915
316 W Saginaw St
LansingMI48933
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$9951 Bedroom Apartments Available Now
1604 Coleman Ave, Unit 1
1604 Coleman AveLansing, MI 48910
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.
323 W Saginaw St
LansingMI48933
1007 Mahlon St
LansingMI48906
923 N Sycamore St
LansingMI48906
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$1,1002 Bedroom Apartments Available Now
1010 N Pine St, Unit B
1010 N Pine StLansing, MI 48906
605 S Grand Ave
LansingMI48933
307 N Walnut St
LansingMI48933
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.
Showing Results 1-14, Page 1 of 1
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 | $1,165 | $1,095 | $1,200 |
| Shepard Street Area 3 Bedroom Homes for Rent | $1,395 | $1,100 | $1,700 |
| Shepard Street Area 4 Bedroom Homes for Rent | $1,527 | $1,100 | $1,955 |
| Shepard Street Area 5 Bedroom Homes for Rent | $3,625 | $3,500 | $3,750 |
| Shepard Street Area 6 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 14 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 2 Beds unit found at Abigail Senior priced from $475. Walnut 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Abigail Senior | The Gertrude 30% | 2BR,1BA | $475 |
| Walnut Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $700 |
| 532 Townsend St | Townsend Apartments - One Bedroom | 1BR,1BA | $750 |
| Pennsylvania Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $750 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $750 |
Best Value Apartments for Rent in Shepard Street Area, MI
As of April 12, 2026 the best value apartment in the Shepard Street Area area is the $0.78 price per square foot 220 W Oakland Ave Model at 220 W Oakland Ave in the in the North Lansing neighborhood starting from $1,250. 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. |
|---|---|---|---|
| 220 W Oakland Ave | 220 W Oakland Ave | 3BR,1BA | $0.78 |
| Skyvue MI | 4 BEDROOM/4 BATHROOM - D1 | 4BR,4BA | $0.65 |
| Lansing Tower Apartments | Shiawassee | 2BR,2BA | $0.96 |
| Campus Village-E. Lansing | 3 Bedroom 3 Bathroom | 3BR,3BA | $0.85 |
| Abigail Senior | The Grace 60% | 2BR,1BA | $0.89 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $0.83 |
| Capitol Park | The One Bedroom | 1BR,1BA | $1.02 |
| Walnut Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $1.00 |
| Pennsylvania Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $1.07 |
| 927 W. Shiawassee St. #2-12 | A * 1BR | 1BR,1BA | $1.07 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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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Best Local Schools in Shepard Street Area, Lansing, MI
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Frequently Asked Questions about Shepard Street Area
What type of rentals are currently available in Shepard Street Area?
There are currently 289 Apartments for Rent in Shepard Street Area, MI with pricing that ranges from $475 to $4,250. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shepard Street Area ranging from $790 to $3,750.
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 $790 to $3,750 with an average monthly rent of $1,908.
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 $1,100 to $1,700. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $875.
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
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.
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.
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.
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.