
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.


Brookdale Apartments

Brookwood Farms Apartments

Parkside Apartments

Donovan Townhomes
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.

Donovan Street Apartment Homes

235 Washington Apartments

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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 | $1,233 | $1,039 | $1,429 |
| Downtown South Lyon 2 Bedroom Apartments | $1,465 | $1,239 | $1,715 |
| Downtown South Lyon 3 Bedroom Apartments | $2,599 | $2,499 | $2,699 |
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 $1,039. Oxford Manor Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,050. 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 | 1BDRM 1BATH | 1BR,1BA | $1,039 |
| Oxford Manor Apartments | 2 Bedroom 1.5 Bathroom | 2BR,1BA | $1,050 |
| Brookdale Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1,153 |
Best Value Apartments for Rent in Downtown South Lyon, MI
As of January 23, 2026 the best value apartment in the Downtown South Lyon area is the $1.59 price per square foot A1 with 1 car attached garage Model at Ivy Townhomes in the in the Pinehurst neighborhood starting from $2,499. The second greatest value Downtown South Lyon apartment is the 2B/1B Model at Donovan Townhomes starting at $1,395 with a $1.43 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 | $1.59 |
| Donovan Townhomes | 2B/1B | 2BR,1BA | $1.43 |
| Waters Edge Apartments | 2BD 1BATH Upgraded | 2BR,1BA | $1.44 |
| Oxford Manor Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.31 |
| Brookwood Farms Apartments | 1 Bedroom | 1BR,1BA | $1.90 |
| Brookdale Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1.65 |
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 $1,039 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 $1,050 at Oxford Manor 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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.