
Cheap Homes for Rent in South Lyon, MI from $1,000 (12 Rentals)
Search the lowest-cost Homes available for rent right now in South Lyon.


102 Princeton Dr

6194 Richards Dr

49643 Pine Dr

1824 Aldrin Ct

61035 11 Mile Rd, Unit 2-5, Unit 2-5
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.

151 E McHattie St, Unit 6

344 Boyne St

11222 Shady Brook Ct

249 Brookwood Dr, Unit 2

11803 Stoneridge Ct

173 Pinewood Cir
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

How much does it cost to rent a home in South Lyon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Lyon 2 Bedroom Homes for Rent | $1,888 | $1,200 | $3,000 |
| South Lyon 3 Bedroom Homes for Rent | $2,854 | $1,425 | $3,950 |
| South Lyon 4 Bedroom Homes for Rent | $4,354 | $1,549 | $10,000+ |
| South Lyon 5 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
Browse Top Homes for Rent in South Lyon
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South Lyon, MI Local Guide
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Cheapest Neighborhoods for Apartments in South Lyon, MI
Pricing Updated: 04/30/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown South Lyon | $1,818 | $985 | 18 |
| Pinehurst | $1,818 | $985 | 18 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Village Apartments | Primrose | 1BR,1BA | $887 |
| Flint Rd Apartments (Burneway Drive LLC) | Flint Road Apartments - Studio **HALF OFF ONE M... | Studio,1BA | $900 |
| Starlight Mobile Home Park | Starlight Mobile Home Park 2 bed / 1 bath homes... | 2BR,1BA | $950 |
| Stone Ridge Apartments | Orchid | 1BR,1BA | $953 |
| Waterview Farms Apartments | 1x1 693sf | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Westbrook Apartments | Normandy | 3BR,2BA | $1.32 |
| Harbor Cove | Traditional Two Bedroom Two Bath | 2BR,2BA | $1.30 |
| Rickett Road Apartments (Rickett Road Apartments LLC) | Rickett Road Apartments - Two Bedroom **HALF OF... | 2BR,1BA | $1.18 |
| Whitmore Lake Apartments | Kirkmore Upper | 2BR,2BA | $1.28 |
| Waters Edge Apartments | 2BD 1BATH Upgraded | 2BR,1BA | $1.44 |
| Kensington Park Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.41 |
| Starlight Mobile Home Park | Starlight Mobile Home Park 2 bed / 1 bath homes... | 2BR,1BA | $1.19 |
| 1257 Oxford Manor Ct, Unit 1 | 1257 Oxford Manor Ct | 1BR,1BA | $1.44 |
| Brookdale Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1.41 |
| Waterview Farms Apartments | 1x1 693sf | 1BR,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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in South Lyon, MI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in South Lyon, MI
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

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.

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.

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.

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.