Cheap Apartments for Rent in the Averill Woods Neighborhood of Lansing, MI from $500 (51 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
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South Reo Apartments
1 Bedroom Apartments

South Reo Apartments

2920 S Washington AveLansing, MI 48910
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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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Cavanaugh West
1 to 2 Bedroom Apartments

Cavanaugh West

1120-1122 Mary AveLansing, MI 48910
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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
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Colonial Woods
1 to 2 Bedroom Apartments

Colonial Woods

2001 W Mount Hope AveLansing, MI 48910
Senior Living
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MLK Flatz
Studio Apartments

MLK Flatz

4620 S Martin Luther King Jr BlvdLansing, MI 48910
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Capital Manor
Studio to 2 Bedroom Apartments

Capital Manor

515-524 S Chestnut StLansing, MI 48933
Corporate Housing
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Midtown Apartments
Studio to 1 Bedroom Apartments

Midtown Apartments

224 W Kalamazoo StLansing, MI 48933
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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

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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Cavanaugh Flatz
1 to 2 Bedroom Apartments

Cavanaugh Flatz

911 W Cavanaugh RdLansing, 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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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
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Kensington Meadows
3 to 4 Bedroom Apartments

Kensington Meadows

4245 W Jolly RdLansing, MI 48911
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Ventnor Flatz
Studio to 2 Bedroom Apartments

Ventnor Flatz

1115-1156 Dorchester CirLansing, 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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Carolina Flatz
1 to 3 Bedroom Apartments

Carolina Flatz

2411 Risdale AveLansing, MI 48911
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Twin Oaks
2 Bedroom Apartments

Twin Oaks

3900 Burneway DrLansing, MI 48911
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Silver Stone Townhomes
1 to 3 Bedroom Apartments

Silver Stone Townhomes

5505 S Martin Luther King Jr BlvdLansing, MI 48911
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Regency Townhomes
2 to 4 Bedroom Apartments

Regency Townhomes

1001-1003 Vincent CtLansing, MI 48910
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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.

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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 Studio unit found at MLK Flatz priced from $660. Reside 3031 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Averill Woods apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
MLK FlatzStudioStudio,1BA$660
Reside 30311 BR / 1 Bath1BR,1BA$725
Baltic Flatz1 Bedroom/1 Bath1BR,1BA$750
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$750
Hiland Flatz2 Bedroom/1 Bath2BR,1BA$800
Waverly Park ApartmentsOne Bedroom1BR,1BA$802
Westbay Club ApartmentsOne Bedroom Garden1BR,1BA$845
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$850
The Grove @ Grove Park1 Bedroom1BR,1BA$900

Best Value Apartments for Rent in Averill Woods, MI

As of June 09, 2026 the best value apartment in the Averill Woods area is the $0.94 price per square foot Two Bedroom Model at Cambridge Manor in the in the Lansing Eaton neighborhood starting from $1,225. The second greatest value Averill Woods apartment is the Potomac Apartments - Two Bedroom Upgraded **$50... Model at Potomac Village (Lansing Property Holdings LLC) starting at $1,200 with a $1.20 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$0.94
Potomac Village (Lansing Property Holdings LLC)Potomac Apartments - Two Bedroom Upgraded **$50...2BR,1BA$1.20
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Hiland Flatz2 Bedroom/1 Bath2BR,1BA$0.94
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$1.00
2114 Ferrol St, Unit 21142114 Ferrol St2BR,1BA$1.36
The Grove @ Grove Park1 Bedroom1BR,1BA$1.29
Baltic Flatz1 Bedroom/1 Bath1BR,1BA$1.07
Westbay Club ApartmentsOne Bedroom Garden1BR,1BA$1.30
Reside 30311 BR / 1 Bath1BR,1BA$1.18

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #48

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

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.