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South Lyon, MI Condos for Rent

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  • 151 E McHattie St Unit 6, South Lyon, MI 48178
    151 E McHattie St Unit 6, South Lyon, MI 48178
    151 E McHattie St Unit 6, South Lyon, MI 48178
    /11

    $1,350 Per Month

    • 2 Beds
    • 1 Bath
    • 750 Sq Ft
    • Condo for Rent

    151 E McHattie St Unit 6, South Lyon, MI 48178

    Leasing Special: Sign a lease before the end of the month and receive your second month free! Schedule your showing today before it’s gone. Welcome to this well-maintained and inviting 2 bedroom, 1 bath apartment located in the heart of downtown South Lyon. This unit offers a comfortable and functional layout, perfect for anyone looking to enjoy a low-maintenance lifestyle in a prime location.

    Krystal Salloum First Equity Realty Corporation

    151 E McHattie St Unit 6, South Lyon, MI 48178
  • 24817 Valleywood Dr, South Lyon, MI 48178
    24817 Valleywood Dr, South Lyon, MI 48178
    24817 Valleywood Dr, South Lyon, MI 48178
    /31

    $3,300 Per Month

    • 3 Beds
    • 3.5 Baths
    • 2,109 Sq Ft
    • Condo for Rent

    24817 Valleywood Dr, South Lyon, MI 48178

    Easy living condo in popular South Lyon. Great location near shopping, Tanglewood Golf & the Huron Valley Rail Trail that leads to Kensington Metropark and a short walk to Hardy Elementary and South Lyon East High School. Perfect for those who enjoy upgrades, such as: Granite Counters thru out kitchen & baths. Hardwood across entire entry level. The 10’ doors add to the feeling of this executive

    Donna Sanford Brookstone, Realtors LLC

    24817 Valleywood Dr, South Lyon, MI 48178
  • 204 Princeton Dr Unit 48, South Lyon, MI 48178
    204 Princeton Dr Unit 48, South Lyon, MI 48178
    204 Princeton Dr Unit 48, South Lyon, MI 48178
    /26

    $1,350 Per Month

    • 2 Beds
    • 1 Bath
    • 746 Sq Ft
    • Condo for Rent

    204 Princeton Dr Unit 48, South Lyon, MI 48178

    Welcome Home to this recently renovated (2026) cozy 2 bedroom 1 bathroom upper unit condo near downtown South Lyon and Mchattie Park. This condo has everything you need from brand new washer/Dryer (2026), a full appliance kitchen, modern light fixtures, newly renovated full bath (2026), a spacious living area, ample space for storage, and a covered parking space. Water included in rent. Quick

    Smitha Krothapalli Clients First, REALTORS®

    204 Princeton Dr Unit 48, South Lyon, MI 48178
  • 20905 Pontiac Trail Unit 224, South Lyon, MI 48178
    20905 Pontiac Trail Unit 224, South Lyon, MI 48178
    20905 Pontiac Trail Unit 224, South Lyon, MI 48178
    /21

    $3,150 Per Month

    • 1 Bed
    • 1 Bath
    • 730 Sq Ft
    • Condo for Rent

    20905 Pontiac Trail Unit 224, South Lyon, MI 48178

    Looking for a place that feels like home, but without the hassle? Lockwood of Lyon has you covered. Our apartments are designed for comfort and ease, with spacious layouts, a friendly community, and perks that make everyday life just a little sweeter. Enjoy the convenience of two delicious chef-prepared meals included daily, and take advantage of on-site amenities like a fitness center, beauty

    Rachele Evers NextHome One

    20905 Pontiac Trail Unit 224, South Lyon, MI 48178
  • 20905 Pontiac Trail Unit 236, South Lyon, MI 48178
    20905 Pontiac Trail Unit 236, South Lyon, MI 48178
    20905 Pontiac Trail Unit 236, South Lyon, MI 48178
    /21

    $3,850 Per Month

    • 2 Beds
    • 2 Baths
    • 962 Sq Ft
    • Condo for Rent

    20905 Pontiac Trail Unit 236, South Lyon, MI 48178

    Looking for a place that feels like home, but without the hassle? Lockwood of Lyon has you covered. Our apartments are designed for comfort and ease, with spacious layouts, a friendly community, and perks that make everyday life just a little sweeter. Enjoy the convenience of two delicious chef-prepared meals included daily, and take advantage of on-site amenities like a fitness center, beauty

    Rachele Evers NextHome One

    20905 Pontiac Trail Unit 236, South Lyon, MI 48178
Michigan Oakland County South Lyon

Condos for Rent in South Lyon, MI

Frequently Asked Questions

How much does it cost to rent a condo in South Lyon, MI?
The median rent for a condo in South Lyon, MI is $1,350 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in South Lyon, MI?
To comfortably afford the median rent in South Lyon, MI, a household needs to earn roughly $106,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,650 per month in South Lyon, MI, renters typically need to show $7,950 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in South Lyon, MI?
In South Lyon, MI, the price-to-rent ratio is 14.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in South Lyon, MI are best for renting a condo?
The best neighborhood for renting in South Lyon, MI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Orchard Hills-Maplewood, Northern Ann Arbor, Broadway, West Bloomfield Township and Kerrytown, each with its own character and price range.

Rental Home Trends in South Lyon, MI

There are currently 5 condos available for rent in South Lyon, MI. The median rent is $1,350 per month, with 1-bedroom condos renting at $3,150 and 2-bedroom condos at $1,150.

Rental Home Trends

Number of Condos for Rent
5
Median Condo Rent
$1,350
Median 1 Bedroom Condo Rent
$3,150
Median 2 Bedroom Condo Rent
$1,150
How to Rent a Home

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