
Cheap Apartments for Rent in the Colonial Village Neighborhood of Lansing, MI from $500 (56 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Village area of Lansing.


3319 Jewell Ave

Stone Ridge Meadows

Reside 3031

Colonial Place Apartments

Total Monthly Price
Green Oaks Apartments

The "Wave"

1615 Herbert St, Unit Upper Unit

Waverly Park Apartments

Total Monthly Price
124 E Barnes Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

318 E Hillsdale St

Westbay Club Apartments

Cherry Hill

1021 Moores River Dr

Pennsylvania Flats

Fountain Place Apartments

1016 E Greenlawn Ave

The Grove @ Grove Park

405 E Hodge Ave

Sandridge Townhomes & Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

The Porter Senior Apartments

Del Marr Apartments

Executive House Apartments

South Reo Apartments

Maplewood Manor Apartments

Cavanaugh West

Somerset Apartments

Sandhurst

Colonial Woods

Capital Manor
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Midtown Apartments

MLK Flatz

Pine Street Apartments

Hiland Flatz

Simken Flatz

319 E Hillsdale

Philip C. Dean Apartments

Washington Apartments

532 Townsend St

Baltic Flatz
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.

Cavanaugh Flatz

Jolly Flatz

Lansing Park Terrace

910 E. Jolly Rd. #1-12

Kensington Meadows

Tamara Apartments

Reo Lofts

Capitol Commons Seniors Apartments

Ventnor Flatz

Capitol Commons Apartments and Townhomes
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.
Colonial Village, Lansing, MI Local Guide

How much does it cost to rent an apartment in Colonial Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colonial Village Studio Apartments | $1,176 | $700 | $1,445 |
| Colonial Village 1 Bedroom Apartments | $1,167 | $700 | $1,725 |
| Colonial Village 2 Bedroom Apartments | $1,265 | $870 | $2,421 |
| Colonial Village 3 Bedroom Apartments | $1,380 | $1,200 | $1,560 |
Browse Apartments in this Neighborhood
There are currently 56 rentals with your search options within a 2 mile radius of the Colonial Village Neighborhood of Lansing, MI.
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Colonial Village, Lansing, MI Local Guide
- Nearby Lansing neighborhoods
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Cheapest Available Colonial Village Apartments for Rent
 The cheapest available apartment rental in the Colonial Village area of Lansing, MI is a Studio unit found at MLK Flatz priced from $690. Reside 3031 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Colonial Village apartments for rent in Lansing, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| MLK Flatz | Studio | Studio,1BA | $690 |
| Reside 3031 | 1 BR / 1 Bath | 1BR,1BA | $725 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $750 |
| Stone Ridge Meadows | 2 Bed 1 Bath | 2BR,1BA | $770 |
| Hiland Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $800 |
| Westbay Club Apartments | One Bedroom Garden | 1BR,1BA | $845 |
| Pennsylvania Flats | 1 Bed 1 Bath Apt. | 1BR,1BA | $850 |
| Cherry Hill | Studio | Studio,1BA | $850 |
| Fountain Place Apartments | Fountain Place - Studio | Studio,1BA | $875 |
| The Grove @ Grove Park | 1 Bedroom | 1BR,1BA | $900 |
Best Value Apartments for Rent in Colonial Village, MI
As of July 23, 2026 the best value apartment in the Colonial Village area is the $0.95 price per square foot Three Bedroom Model at Cambridge Manor in the in the Lansing Eaton neighborhood starting from $1,375. The second greatest value Colonial Village apartment is the Potomac Apartments - Two Bedroom Upgraded **$50... Model at Potomac Village 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 Colonial Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cambridge Manor | Three Bedroom | 3BR,2BA | $0.95 |
| Potomac Village | Potomac Apartments - Two Bedroom Upgraded **$50... | 2BR,1BA | $1.20 |
| Riverview Estates | 2 Beds, 2 Baths | 2BR,2BA | $1.00 |
| The "Wave" | Two Bedroom Premium | 2BR,1BA | $1.08 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $0.83 |
| Green Oaks Apartments | 2 BR / 1 Bath | 2BR,1BA | $1.12 |
| Stone Ridge Meadows | 2 Bed 1 Bath | 2BR,1BA | $0.91 |
| Hiland Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $0.94 |
| Fred Louisa Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $1.12 |
| Reside 3031 | 1 BR / 1 Bath | 1BR,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.
Read ArticleReal 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.
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 LifestyleColonial Village, Lansing, MI
Ranked #36
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Colonial Village, Lansing, MI
Dwight Rich School of the Arts
School data provided by Great Schools
Lifestyle Ratings
This website compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Michigan, including Lansing. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Colonial Village Apartments
What is a cheap apartment in Colonial Village?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Colonial Village is under $900.
What is the price of a cheap apartment in Colonial Village?
The cheapest apartment in Colonial Village is Reside 3031 which is listed at $725, while the average apartment in Colonial Village costs $1,375.
What types of apartments are the cheapest in Colonial Village?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Colonial Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Colonial Village?
Cheap apartments in Colonial Village have an average cost of $179 which is $1,196 cheaper than the average rent for all rentals in Colonial Village.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.