
Cheap Apartments for Rent in the Averill Woods Neighborhood of Lansing, MI from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Averill Woods area of Lansing.


2417 W Jolly Rd

Reside 3031

Colonial Place Apartments

Waverly Park Apartments

Westbay Club Apartments

1021 Moores River Dr

Brookewood South Apartments
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.

The Grove @ Grove Park

The Porter Senior Apartments

Del Marr Apartments

Executive House Apartments

Somerset Apartments

Sandhurst

Colonial Woods

Capital Manor
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.

MLK Flatz

Pine Street Apartments

Hiland Flatz

Simken Flatz

Philip C. Dean Apartments

Townsend Apartment ( Reo Vincent Townsend Apartment LLC)

Baltic Flatz

Cavanaugh Flatz
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.

Holmes Flatz

Lansing Park Terrace

Kensington Meadows

Capitol Commons Seniors Apartments

Capitol Commons Apartments and Townhomes

Rivershell Lansing Apartments

Highland Holmes Apartments

Carolina Flatz
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

How much does it cost to rent an apartment in Averill Woods?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Averill Woods Studio Apartments | $1,089 | $725 | $1,220 |
| Averill Woods 1 Bedroom Apartments | $911 | $725 | $1,400 |
| Averill Woods 2 Bedroom Apartments | $1,186 | $875 | $2,485 |
| Averill Woods 3 Bedroom Apartments | $1,295 | $1,295 | $1,295 |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Averill Woods Neighborhood of Lansing, MI.
See all Apartments in LansingExplore Lansing
Averill Woods, Lansing, MI Local Guide
- Nearby Lansing neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Reside 3031 | 1 BR / 1 Bath | 1BR,1BA | $725 |
| Townsend Apartment ( Reo Vincent Townsend Apartment LLC) | Townsend Apartments - One Bedroom | 1BR,1BA | $750 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $750 |
| Holmes Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $755 |
| Hiland Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $800 |
| Westbay Club Apartments | One Bedroom Garden | 1BR,1BA | $845 |
| Brookewood South Apartments | 2 Bedroom | 2BR,1BA | $875 |
| The Grove @ Grove Park | 1 Bedroom | 1BR,1BA | $900 |
| Summerhill Estates Apartments | One Bedroom | 1BR,1BA | $1,013 |
| Potomac Village (Lansing Property Holdings LLC) | Potomac Apartments - Two Bedroom Upgraded | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cambridge Manor | Two Bedroom | 2BR,2BA | $0.92 |
| Potomac Village (Lansing Property Holdings LLC) | Potomac Apartments - Two Bedroom Upgraded | 2BR,1BA | $1.10 |
| Summerhill Estates Apartments | Two Bedroom | 2BR,1BA | $1.43 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $0.83 |
| Hiland Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $0.94 |
| The Grove @ Grove Park | 1 Bedroom | 1BR,1BA | $1.29 |
| Holmes Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $1.08 |
| Westbay Club Apartments | One Bedroom Garden | 1BR,1BA | $1.30 |
| Brookewood South Apartments | 2 Bedroom | 2BR,1BA | $1.36 |
| Reside 3031 | 1 BR / 1 Bath | 1BR,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.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleQuick 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.
Pet Friendly LifestyleAverill Woods, Lansing, MI
Ranked #53
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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

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.

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.

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.

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.