Cheap Apartments for Rent in the Averill Woods Neighborhood of Lansing, MI from $500 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Averill Woods area of Lansing.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Del Marr Apartments
1 to 2 Bedroom Apartments

Del Marr Apartments

2934 Mersey LnLansing, MI 48911
  • Utilities Included
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Somerset Apartments
1 to 2 Bedroom Apartments

Somerset Apartments

1401 W Holmes RdLansing, MI 48910
Senior Living
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Sandhurst
Studio to 1 Bedroom Apartments

Sandhurst

3811 Sandhurst DrLansing, MI 48911
  • Utilities Included
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Colonial Woods
1 to 2 Bedroom Apartments

Colonial Woods

2001 W Mount Hope AveLansing, MI 48910
Senior Living
  • Utilities Included
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Capital Manor
Studio to 2 Bedroom Apartments

Capital Manor

515-524 S Chestnut StLansing, MI 48933
Corporate Housing
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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MLK Flatz
Studio Apartments

MLK Flatz

4620 S Martin Luther King Jr BlvdLansing, MI 48910
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Hiland Flatz
1 to 2 Bedroom Apartments

Hiland Flatz

2901 Mersey LnLansing, MI 48911
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Simken Flatz
1 to 2 Bedroom Apartments

Simken Flatz

3501 Simken DrLansing, MI 48910
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Baltic Flatz
1 to 2 Bedroom Apartments

Baltic Flatz

927-1001 W Cavanaugh RdLansing, MI 48910
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Cavanaugh Flatz
1 to 2 Bedroom Apartments

Cavanaugh Flatz

911 W Cavanaugh RdLansing, MI 48910

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Holmes Flatz
1 to 2 Bedroom Apartments

Holmes Flatz

2222 W Holmes RdLansing, MI 48911
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Lansing Park Terrace
2 to 3 Bedroom Apartments

Lansing Park Terrace

3435 W Saint Joseph StLansing, MI 48917
  • Utilities Included
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Kensington Meadows
3 to 4 Bedroom Apartments

Kensington Meadows

4245 W Jolly RdLansing, MI 48911
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Carolina Flatz
1 to 3 Bedroom Apartments

Carolina Flatz

2411 Risdale AveLansing, MI 48911

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Averill Woods, Lansing, MI Local Guide

Cheapest Available Averill Woods Apartments for Rent

 

The cheapest available apartment rental in the Averill Woods area of Lansing, MI is a 1 Bed unit found at Reside 3031 priced from $725. Townsend Apartment ( Reo Vincent Townsend Apartment LLC) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Averill Woods apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Reside 30311 BR / 1 Bath1BR,1BA$725
Townsend Apartment ( Reo Vincent Townsend Apartment LLC)Townsend Apartments - One Bedroom1BR,1BA$750
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$750
Holmes Flatz1 Bedroom/1 Bath1BR,1BA$755
Hiland Flatz2 Bedroom/1 Bath2BR,1BA$800
Westbay Club ApartmentsOne Bedroom Garden1BR,1BA$845
Brookewood South Apartments2 Bedroom2BR,1BA$875
The Grove @ Grove Park1 Bedroom1BR,1BA$900
Summerhill Estates ApartmentsOne Bedroom1BR,1BA$1,013
Potomac Village (Lansing Property Holdings LLC)Potomac Apartments - Two Bedroom Upgraded2BR,1BA$1,100

Best Value Apartments for Rent in Averill Woods, MI

As of April 24, 2026 the best value apartment in the Averill Woods area is the $0.92 price per square foot Two Bedroom Model at Cambridge Manor in the in the Lansing Eaton neighborhood starting from $1,195. The second greatest value Averill Woods apartment is the Potomac Apartments - Two Bedroom Upgraded Model at Potomac Village (Lansing Property Holdings LLC) starting at $1,100 with a $1.10 price per square foot in the Lansing Eaton neighborhood. Here is today’s list of the best values for Averill Woods apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cambridge ManorTwo Bedroom2BR,2BA$0.92
Potomac Village (Lansing Property Holdings LLC)Potomac Apartments - Two Bedroom Upgraded2BR,1BA$1.10
Summerhill Estates ApartmentsTwo Bedroom2BR,1BA$1.43
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Hiland Flatz2 Bedroom/1 Bath2BR,1BA$0.94
The Grove @ Grove Park1 Bedroom1BR,1BA$1.29
Holmes Flatz1 Bedroom/1 Bath1BR,1BA$1.08
Westbay Club ApartmentsOne Bedroom Garden1BR,1BA$1.30
Brookewood South Apartments2 Bedroom2BR,1BA$1.36
Reside 30311 BR / 1 Bath1BR,1BA$1.18

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Averill Woods, Lansing, MI

Ranked #53

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Averill Woods Apartments

How much is rent for a Cheap One Bedroom Averill Woods Apartment?

The lowest price for a Cheap One Bedroom Averill Woods Apartment is $725 at Reside 3031.

What is the lowest price for a Cheap Two Bedroom Averill Woods Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Averill Woods is starting from $800 at Hiland Flatz.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.