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$1,069 - $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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$1,481 - $1,746
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,481 - $1,746
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Westlake Place Apartments
825 W Lake StSouth Lyon, MI 48178
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$1,637 - $1,7071 to 3 Bedroom Apartments Available Now
Brookwood Farms Apartments
200 Brookwood DrSouth Lyon, MI 48178
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$1,290 - $1,480
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,290 - $1,480
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$1,290 - $1,480
Brookdale Apartments
22250 Swan 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
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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$1,500 - $1,7002 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
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 1-10, Page 1 of 1
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 | $1,298 | $1,069 | $1,531 |
| Downtown South Lyon 2 Bedroom Apartments | $1,583 | $1,250 | $1,929 |
| Downtown South Lyon 3 Bedroom Apartments | $2,058 | $1,700 | $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 2 Beds apartment currently listed from $1,414. 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 | 2 Bed / 1 Bath | 2BR,1BA | $1,414 |
| Westlake Place Apartments | C1 | 1BR,1BA | $1,481 |
Best Value Apartments for Rent in Downtown South Lyon, MI
As of June 14, 2026 the best value apartment in the Downtown South Lyon area is the $1.68 price per square foot A1 with 1 car attached garage Model at Ivy Townhomes in the in the Pinehurst neighborhood starting from $2,649. The second greatest value Downtown South Lyon apartment is the 2 Bedroom Model at Brookwood Farms Apartments starting at $1,637 with a $1.35 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 | $1.68 |
| Brookwood Farms Apartments | 2 Bedroom | 2BR,2BA | $1.35 |
| Donovan Townhomes | Spacious Renovated 3 bed / 1 Bath South Lyon To... | 3BR,1BA | $1.58 |
| 113 W Liberty St, Unit 3 Bedroom 1 Bathhroom | 113 W Liberty St | 3BR,1BA | $1.62 |
| 1256 Oxford Manor Ct, Unit 1 | 1256 Oxford Manor Ct | 2BR,1.5BA | $1.39 |
| Brookdale Apartments | 2 Bed / 1 Bath | 2BR,1BA | $1.63 |
| Waters Edge Apartments | 1BD 1BATH Upgraded | 1BR,1BA | $1.45 |
| 1257 Oxford Manor Ct, Unit 1 | 1257 Oxford Manor Ct | 1BR,1BA | $1.44 |
| Westlake Place Apartments | C1 | 1BR,1BA | $2.58 |
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 $1,269 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 $1,700.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.