Cheap Homes for Rent in South Lyon, MI from $1,000 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in 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.

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.

South Lyon, MI Local Guide

Cheapest Neighborhoods for Apartments in South Lyon, MI

Pricing Updated: 04/30/2026

Current apartment rentals in the South Lyon, MI area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for South Lyon Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown South Lyon$1,818$98518
Pinehurst$1,818$98518

Cheapest Available South Lyon Apartments for Rent

 

The cheapest available apartment rental in South Lyon, MI is a 1 Bed unit found at The Village Apartments in the Liberty Park neighborhood priced from $887. Flint Rd Apartments (Burneway Drive LLC) in the Downtown Brighton neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable South Lyon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Village ApartmentsPrimrose1BR,1BA$887
Flint Rd Apartments (Burneway Drive LLC)Flint Road Apartments - Studio **HALF OFF ONE M...Studio,1BA$900
Starlight Mobile Home ParkStarlight Mobile Home Park 2 bed / 1 bath homes...2BR,1BA$950
Stone Ridge ApartmentsOrchid1BR,1BA$953
Waterview Farms Apartments1x1 693sf1BR,1BA$985

Best Value Apartments for Rent in South Lyon, MI

As of April 30, 2026 the best value apartment in the South Lyon area is the $1.32 price per square foot Normandy Model at Westbrook Apartments in the starting from $1,690. The second greatest value South Lyon apartment is the Traditional Two Bedroom Two Bath Model at Harbor Cove starting at $1,419 with a $1.30 price per square foot . Here is today’s list of the best values for South Lyon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Westbrook ApartmentsNormandy3BR,2BA$1.32
Harbor CoveTraditional Two Bedroom Two Bath2BR,2BA$1.30
Rickett Road Apartments (Rickett Road Apartments LLC)Rickett Road Apartments - Two Bedroom **HALF OF...2BR,1BA$1.18
Whitmore Lake ApartmentsKirkmore Upper2BR,2BA$1.28
Waters Edge Apartments2BD 1BATH Upgraded2BR,1BA$1.44
Kensington Park Apartments2 Bedroom 1 Bath2BR,1BA$1.41
Starlight Mobile Home ParkStarlight Mobile Home Park 2 bed / 1 bath homes...2BR,1BA$1.19
1257 Oxford Manor Ct, Unit 11257 Oxford Manor Ct1BR,1BA$1.44
Brookdale Apartments1 Bed / 1 Bath1BR,1BA$1.41
Waterview Farms Apartments1x1 693sf1BR,1BA$1.42

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.

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The 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.

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Cash 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about South Lyon

What type of rentals are currently available in South Lyon?

There are currently 64 Apartments for Rent in South Lyon, MI with pricing that ranges from $887 to $4,043. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Lyon ranging from $1,050 to $13,300.

What is the current price range for Rental Homes in South Lyon?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Lyon ranges from $1,050 to $13,300 with an average monthly rent of $2,789.

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.