Cheap Homes for Rent in South Lyon, MI from $1,300 (15 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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South Lyon, MI Local Guide

Cheapest Neighborhoods for Apartments in South Lyon, MI

Pricing Updated: 07/22/2025

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$1,834$1,00416
Pinehurst$1,834$1,00416

Cheapest Available South Lyon Apartments for Rent and Nearby

 

The cheapest available apartment rental in South Lyon, MI is a 1 Bed unit found at Waterview Farms Apartments in the Liberty Park neighborhood priced from $965. Stone Ridge Apartments in the Liberty Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,011. Here is today’s list of the most affordable South Lyon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Waterview Farms Apartments1x1 693sf1BR,1BA$965
Stone Ridge ApartmentsOrchid View1BR,1BA$1,011
Brookdale Apartments1 Bed / 1 Bath1BR,1BA$1,030
Waters Edge Apartments1BDRM 1BATH1BR,1BA$1,039
Lexington Manor1 bedroom 1 bath1BR,1BA$1,050

Best Value Apartments for Rent in South Lyon, MI and Nearby

As of July 22, 2025 the best value apartment in the South Lyon area is the $1.56 price per square foot 3B Model at Encore at Lake Forest Trail in the starting from $2,697. The second greatest value South Lyon apartment is the The Carnegie Model at Central Park Estates starting at $2,230 with a $1.53 price per square foot in the Island Lake of Novi neighborhood. 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.
Encore at Lake Forest Trail3B3BR,2.5BA$1.56
Central Park EstatesThe Carnegie2BR,2BA$1.53
Brookwood Farms Apartments2 Bedroom2BR,2BA$1.32
Whitmore Lake ApartmentsWhitmore Upper3BR,2BA$1.40
Donovan TownhomesSpacious Renovated 3 bed / 1 Bath South Lyon To...3BR,1BA$1.58
Town & Country Apartments - Wixom, MIAthena II2BR,1BA$1.54
Waters Edge Apartments2BD 1BATH Upgraded2BR,1BA$1.47
Brookdale Apartments2 Bed / 1 Bath2BR,1BA$1.46
Kensington Park Apartments2 Bedroom 1 Bath2BR,1BA$1.49
Waterview Farms Apartments1x1 693sf1BR,1BA$1.39

Quick Rent Budget Calculator

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Frequently Asked Questions about South Lyon

What type of rentals are currently available in South Lyon?

There are currently 61 Apartments for Rent in South Lyon, MI with pricing that ranges from $936 to $4,300. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Lyon ranging from $1,345 to $5,500.

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 $1,345 to $5,500 with an average monthly rent of $3,285.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.