Most Affordable Neighborhoods in Lansing, MI
Some of the cheapest neighborhoods in Lansing are Seymours, Old Forest, and Waverly Park. These neighborhoods offer some of the lowest rent prices in Lansing, making them ideal for renters on a budget. As of June 13, 2025, the average rent in Lansing is $984, which is 3.2% 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.
Seymours
Average Rent
$814/Month
TransitScore® Rating
46/100
Units Available
17 Rentals
If you’re looking for a great, affordable neighborhood in Lansing, Seymours might be the perfect place! It has an average rent price of $814, while the city’s average stands at $984. Seymours is near Davenport University, Impression 5 Science Center, and LTG Central.
Old Forest
Average Rent
$817/Month
TransitScore® Rating
46/100
Units Available
20 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.
Waverly Park
Average Rent
$875/Month
TransitScore® Rating
31/100
Units Available
27 Rentals
Waverly Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Waverly Park is $875 while the city average is $984. Residents enjoy convenient access to Waverly Holmes Center, Western Michigan University, and Potter Park Zoo. The neighborhood is considered car-dependent with a WalkScore® of 23.
Kensington Meadows
Average Rent
$875/Month
TransitScore® Rating
30/100
Units Available
27 Rentals
When you’re looking for a great Lansing neighborhood on a budget, check out Kensington Meadows. The average rent is $875, compared to the city average of $984. Kensington Meadows is convenient to Michigan State Univ. Observatory, Capital Region International, and Western Michigan University. The community is car-dependent with a WalkScore® of 20.
Genesse
Average Rent
$896/Month
TransitScore® Rating
52/100
Units Available
25 Rentals
Genesse is an affordable neighborhood in Lansing with an average rent price of $896. Compare this to the city average of $984. Genesse provides easy access to Davenport University, Willow Plaza, and Potter Park Zoo. It’s a walkable neighborhood with a WalkScore® of 74.
Averill Woods
Average Rent
$904/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
27/100
Units Available
13 Rentals
Averill Woods offers a peaceful, residential neighborhood offering a mix of spacious homes and access to local parks. Renters will enjoy the suburban feel while being close to the bustling Waltham city center. The area is perfect for families and individuals seeking a quiet, tree-lined retreat.
Groesbeck Area
Average Rent
$912/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
9/100
Units Available
11 Rentals
Groesbeck Area is a well-established neighborhood featuring spacious homes, parks, and access to local schools. Renters will enjoy the suburban feel and proximity to Eastwood Towne Center for shopping and dining. The area is ideal for families and individuals seeking a quiet, community-focused environment.
Holmes Street Area
Average Rent
$952/Month
TransitScore® Rating
43/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Lansing, Holmes Street Area might be the perfect place! It has an average rent price of $952, while the city’s average stands at $984. Holmes Street Area is near Impression 5 Science Center, Davenport University, and Fenner Nature Center.
Old Everett
Average Rent
$953/Month
Year-Over-Year Rent Change
0.6%
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.
Hunter Park West
Average Rent
$955/Month
TransitScore® Rating
46/100
Units Available
13 Rentals
Hunter Park West is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hunter Park West is $955 while the city average is $984. Residents enjoy convenient access to Riverfront Mall, Western Michigan University, and LTG Central. The neighborhood is considered walkable with a WalkScore® of 71.
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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.