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$1,099 - $1,6091 to 2 Bedroom Apartments Available Now
Waters Edge Apartments
549 Lakewood DrSouth Lyon, MI 48178
Cheap Apartments for Rent in the Downtown South Lyon Neighborhood of South Lyon, MI from $600 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown South Lyon area of South Lyon.
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$1,456 - $1,711
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,456 - $1,711
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Westlake Place Apartments
825 W Lake StSouth Lyon, MI 48178
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$1,181 - $1,486
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,181 - $1,486
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$1,181 - $1,486
Brookdale Apartments
22250 Swan DrSouth Lyon, MI 48178
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$1,369 - $1,7991 to 3 Bedroom Apartments Available Aug 14
Brookwood Farms Apartments
200 Brookwood DrSouth Lyon, MI 48178
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$1,879 - $1,9292 Bedroom Apartments Contact Us For Availability
Parkside Apartments
365 S Warren StSouth Lyon, MI 48178
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,500 - $1,6752 to 3 Bedroom Apartments Available Now
Donovan Townhomes
425 Donovan StSouth Lyon, MI 48178
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2 Bedroom Apartments
Donovan Street Apartment Homes
322 Donovan StSouth Lyon, MI 48178
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2 Bedroom Apartments
235 Washington Apartments
235 Washington StSouth Lyon, MI 48178
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Studio to 2 Bedroom Apartments
Oxford Manor Apartments
1245 Oxford Manor CtSouth Lyon, MI 48178
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3 to 4 Bedroom Apartments
Northville Crossing
9800 Bloomsbury CirNorthville, MI 48167
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Downtown South Lyon, South Lyon, MI Local Guide
How much does it cost to rent an apartment in Downtown South Lyon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown South Lyon 1 Bedroom Apartments | $1,301 | $1,099 | $1,459 |
| Downtown South Lyon 2 Bedroom Apartments | $1,632 | $1,289 | $1,929 |
| Downtown South Lyon 3 Bedroom Apartments | $1,966 | $1,475 | $2,899 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Downtown South Lyon Neighborhood of South Lyon, MI.
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Cheapest Available Downtown South Lyon Apartments for Rent
The cheapest available apartment rental in the Downtown South Lyon area of South Lyon, MI is a 1 Bed unit found at Waters Edge Apartments priced from $1,159. Brookdale Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,219. Here are the most affordable Downtown South Lyon apartments for rent in South Lyon, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waters Edge Apartments | 1BD 1BATH Upgraded | 1BR,1BA | $1,159 |
| Brookdale Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1,219 |
| Westlake Place Apartments | C1 | 1BR,1BA | $1,456 |
Best Value Apartments for Rent in Downtown South Lyon, MI
As of July 31, 2026 the best value apartment in the Downtown South Lyon area is the $1.65 price per square foot A1 with 1 car attached garage Model at Ivy Townhomes in the in the Pinehurst neighborhood starting from $2,599. The second greatest value Downtown South Lyon apartment is the Spacious Renovated 3 bed / 1 Bath South Lyon To... Model at Donovan Townhomes starting at $1,675 with a $1.55 price per square foot in the Pinehurst neighborhood. Here is today’s list of the best values for Downtown South Lyon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ivy Townhomes | A1 with 1 car attached garage | 3BR,2.5BA | $1.65 |
| Donovan Townhomes | Spacious Renovated 3 bed / 1 Bath South Lyon To... | 3BR,1BA | $1.55 |
| 329 McMunn St, Unit Unit B | 329 McMunn St | 3BR,1BA | $1.69 |
| Waters Edge Apartments | 1BD 1BATH Upgraded | 1BR,1BA | $1.45 |
| Brookdale Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1.69 |
| Westlake Place Apartments | C1 | 1BR,1BA | $2.54 |
Frequently Asked Questions about Cheap Downtown South Lyon Apartments
How much is rent for a Cheap One Bedroom Downtown South Lyon Apartment?
The lowest price for a Cheap One Bedroom Downtown South Lyon Apartment is $1,159 at Waters Edge Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown South Lyon Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown South Lyon is starting from $1,289 at Waters Edge Apartments.
What is the most affordable Downtown South Lyon Three Bedroom Apartment?
The best deal on a cheap Downtown South Lyon Three Bedroom Apartment rental is at Donovan Townhomes and starts from $1,675.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.