Cheap Apartments for Rent in the Downtown South Lyon Neighborhood of South Lyon, MI from $600 (10 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown South Lyon area of South Lyon.

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.

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Oxford Manor Apartments
Studio to 2 Bedroom Apartments

Oxford Manor Apartments

1245 Oxford Manor CtSouth Lyon, MI 48178
  • Utilities Included
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Northville Crossing
3 to 4 Bedroom Apartments

Northville Crossing

9800 Bloomsbury CirNorthville, MI 48167
  • Utilities Included
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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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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 Brookdale Apartments priced from $985. Waters Edge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,149. Here are the most affordable Downtown South Lyon apartments for rent in South Lyon, MI:

Apartment ListingModel NameBed/BathPriced From
Brookdale Apartments1 Bed / 1 Bath1BR,1BA$985
Waters Edge Apartments1BD 1BATH Upgraded1BR,1BA$1,149
Donovan TownhomesRenovated 2 Bed townhome with Laundry in South ...2BR,1BA$1,425

Best Value Apartments for Rent in Downtown South Lyon, MI

As of April 28, 2026 the best value apartment in the Downtown South Lyon area is the $1.56 price per square foot 3 Bedroom Model at Brookwood Farms Apartments in the in the Pinehurst neighborhood starting from $1,818. The second greatest value Downtown South Lyon apartment is the Renovated 2 Bed townhome with Laundry in South ... Model at Donovan Townhomes starting at $1,425 with a $1.46 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Brookwood Farms Apartments3 Bedroom3BR,2BA$1.56
Donovan TownhomesRenovated 2 Bed townhome with Laundry in South ...2BR,1BA$1.46
Waters Edge Apartments2BD 1BATH Upgraded2BR,1BA$1.44
1257 Oxford Manor Ct, Unit 11257 Oxford Manor Ct1BR,1BA$1.44
Brookdale Apartments1 Bed / 1 Bath1BR,1BA$1.41
Westlake Place ApartmentsC11BR,1BA$2.65

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 $985 at Brookdale 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 $1,134 at Brookdale Apartments.

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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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.

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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.

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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.