Apartments Under $500 in Lansing, MI

Apartments Under $500 in Lansing, MI: August Rental Information

Welcome to the August 2026 Lansing Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 2026 key findings and figures for the Lansing rental landscape.

Our experts have analyzed the inventory trends for apartments under $500 in Lansing, MI. This report provides valuable insights into the overall market rent-distribution, availability by bedroom count, and month-over-month comparisons in Lansing and surrounding areas. Additionally, this summary offers information on the features and amenities available in apartments under $500, as well as location options for renters in Lansing.

This month, the typical cost to rent a one-bedroom apartment in Lansing stands at $940, with the majority falling between $660 and $1,430. Out of the 1,529 one-bedroom apartments currently on the market in Lansing, 7 are priced below $500, accounting for 0% of the total available one-bedroom units in Lansing.

Available Apartments Under $500: Lansing vs. Surrounding Areas

Cortland, NY

Lansing, MI

East Lansing, MI

22

11

8

In August 2026, Rentable's rental data reveals the number of available apartments under $500 in Lansing, MI and the surrounding cities. This chart includes information on the total inventory in the metro area, which is currently 32. The surrounding city names displayed in the chart provide prospective renters with a comprehensive view of the available options outside of Lansing. Whether you are searching for affordable housing in Lansing or exploring neighboring cities like Portland, Morrice, Lake Odessa, Grand Ledge, St Johns, Westphalia, DeWitt, Dimondale, East Lansing, Eaton Rapids, Perry, Mason, Charlotte, Cortland, Trumansburg, Union Springs, Dryden, Moravia, Lansing, Holt, Haslett, Elsie, Fowler, Williamston, Muir, Sunfield, Okemos, Laingsburg, Ovid, Maple Rapids, Pewamo, Fowlerville, Bath, Webberville, Potterville, and Dansville, this information will help guide your apartment search.

Apartments Under $500 Now vs. Last Month: Lansing and Surrounding Areas

City	Apartments Under $500 in August	M/M % Change
Cortland, NY	23	+1.03%
Lansing, MI	12	+1.04%
East Lansing, MI	8	+1.02%
Grand Ledge, MI	1	+1.0%

Looking for Apartments Under $500 in Lansing?

Available apartments under $500	449
Top amenities	Air Conditioning, Refrigerator, Range / Oven, High Speed Internet, 24 Hour Maintenance
Pet friendly	84
Utilities included	72
Studio	77
1 Bedroom	11
2 Bedroom	13
Square footage	167 - 980

Apartments Under $500 in Lansing, MI

How many apartments under $500 are available in Lansing, MI on Rentable.co?

How many studio apartments under $500 are available in Lansing?

How many one-bedroom apartments under $500 are available in Lansing?

How many two-bedroom apartments under $500 are available in Lansing?

Can I afford a apartment under $500 in Lansing, MI?

Which neighborhoods have the most apartments under $500 for rent in Lansing, MI?