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Apartments Under $500 in Lansing, MI

1 - 5 of 5 Results
25
$475
Abigail Senior
715 W Willow St Lansing, MI
2 BR | Feb. 13, 2026
Contact
128
$200 - 443
835 Louisa St
Lansing, MI
Studio | Available Now
Contact
1
$ Ask - 775
821, 829, 837, 901, 905 E. Shiawassee Street
Lansing, MI
1 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Storage
Stadium District
3
$125 - 250
835 Louisa St Ste Lansing
Lansing, MI
Studio | Available Now
Contact
10
$490 - 515
Waverly Park Apartments
2.2
4030 Hartford Road Lansing, MI
1 BR | Available Now
Contact
Luxury
Air Conditioning
Pool
1 - 5 of 5 Results
  1. Home
  2. Lansing
  3. Apartments Under $500
Frequently Asked Questions

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

There are 5 apartments under $500 in Lansing currently available for rent on Rentable.co.

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

Rentable.co has 129 studio apartments under $500 available for rent in Lansing.

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

Rentable.co has 124 one-bedroom apartments under $500 available for rent in Lansing.

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

Rentable.co has 118 two-bedroom apartments under $500 available for rent in Lansing.

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

To comfortably afford a apartment under $500 in Lansing based on average rent prices, a household would need an annual income of $10,000.

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

  1. Downtown Lansing
  2. Hunter Park

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

Welcome to the February 2026 Lansing Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 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.
0 5 10 15 20 <$700 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280 $1,320 $1,360 >$1,400
This month, the typical cost to rent a one-bedroom apartment in Lansing stands at $990, with the majority falling between $670 and $1,430. Out of the 842 one-bedroom apartments currently on the market in Lansing, 4 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
24
10
9
In February 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 46. 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 February M/M % Change
Cortland, NY 24 +0.97%
Lansing, MI 11 +0.93%
East Lansing, MI 10 +1.02%
Grand Ledge, MI 1 +1.0%
Eaton Rapids, MI 0 +1.5%

Looking for Apartments Under $500 in Lansing?

Available apartments under $500 351
Top amenities Air Conditioning, Refrigerator, Range / Oven, High Speed Internet, Pet Friendly Community
Pet friendly 87
Utilities included 73
Studio 76
1 Bedroom 11
2 Bedroom 11
Square footage 178 - 926
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