Best Affordable Neighborhoods in Lansing, MI
Some of the cheapest neighborhoods in Lansing are Fabulous Acres, Knollwood Park, and Knollwood Willow. These neighborhoods offer some of the lowest rent prices in Lansing, making them ideal for renters on a budget. As of March 13, 2026, the average rent in Lansing is $1,011, which is 2.7% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Fabulous Acres
Average Rent
$771/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
39/100
Units Available
12 Rentals
Fabulous Acres is an affordable neighborhood in Lansing with an average rent price of $771. Compare this to the city average of $1,011. In the past year, rent prices have increased by 1%. Fabulous Acres provides easy access to Pere Marquette Place, Davenport University, and W.J. Beal Botanical Garden. It’s a walkable neighborhood with a WalkScore® of 79.
Knollwood Park
Average Rent
$772/Month
TransitScore® Rating
38/100
Units Available
21 Rentals
If you’re looking for a great, affordable neighborhood in Lansing, Knollwood Park might be the perfect place! It has an average rent price of $772, while the city’s average stands at $1,011. Knollwood Park is near W.J. Beal Botanical Garden, Lansing C.C., Downtown Campus, and Western Michigan University.
Knollwood Willow
Average Rent
$777/Month
TransitScore® Rating
38/100
Units Available
22 Rentals
Knollwood Willow displays a peaceful neighborhood offering affordable housing and proximity to parks and schools. Renters will enjoy the suburban feel while being close to shopping and dining along West Saginaw Highway. The area is ideal for families and individuals seeking a quiet, suburban lifestyle.
Seymours
Average Rent
$780/Month
TransitScore® Rating
46/100
Units Available
32 Rentals
Seymours is a top choice for budget-conscious renters for a variety of reasons. The average rent in Seymours is $780 while the city average is $1,011. Residents enjoy convenient access to Lansing C.C., Downtown Campus, Western Michigan University, and Impression 5 Science Center. The neighborhood is considered walkable with a WalkScore® of 77.
Old Forest
Average Rent
$793/Month
Year-Over-Year Rent Change
6.3%
TransitScore® Rating
46/100
Units Available
35 Rentals
Old Forest offers a historic neighborhood with charming homes and a close-knit community feel. Renters will appreciate the tree-lined streets and easy access to downtown Lansing’s cultural attractions. The area is perfect for those seeking a blend of historic charm and modern conveniences.
Old Everett
Average Rent
$810/Month
Year-Over-Year Rent Change
5.3%
TransitScore® Rating
35/100
Units Available
14 Rentals
Old Everett is a neighborhood featuring spacious homes, local parks, and access to top-rated schools. Renters will appreciate the suburban atmosphere and proximity to shopping centers. The area is perfect for those seeking a suburban lifestyle with convenient amenities nearby.
Waverly Park
Average Rent
$839/Month
TransitScore® Rating
31/100
Units Available
27 Rentals
When you’re looking for a great Lansing neighborhood on a budget, check out Waverly Park. The average rent is $839, compared to the city average of $1,011. Waverly Park is convenient to Davenport University, Metro Plaza, and Impression 5 Science Center. The community is car-dependent with a WalkScore® of 23.
Kensington Meadows
Average Rent
$839/Month
TransitScore® Rating
30/100
Units Available
27 Rentals
Kensington Meadows is an affordable neighborhood in Lansing with an average rent price of $839. Compare this to the city average of $1,011. Kensington Meadows provides easy access to Lansing C.C., Downtown Campus, Woldumar Nature Center, and Michigan State Univ. Observatory. It’s a car-dependent neighborhood with a WalkScore® of 20.
Hunter Park
Average Rent
$851/Month
Year-Over-Year Rent Change
6.9%
TransitScore® Rating
42/100
Units Available
13 Rentals
Hunter Park is a lovely, community-focused neighborhood known for its namesake park, which offers plenty of recreational activities. Renters will enjoy the proximity to local schools, shopping, and dining. The area is ideal for those seeking an active, urban lifestyle with a strong sense of community.
Hunter Park West
Average Rent
$851/Month
TransitScore® Rating
46/100
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Lansing, Hunter Park West might be the perfect place! It has an average rent price of $851, while the city’s average stands at $1,011. Hunter Park West is near Lansing C.C., Downtown Campus, Impression 5 Science Center, and Fenner Nature Center.
Ready to make your move to Lansing? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.