Cheap Apartments for Rent in the Colonial Village Neighborhood of Lansing, MI from $500 (56 Rentals)

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

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.

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.

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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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South Reo Apartments
1 Bedroom Apartments

South Reo Apartments

2920 S Washington AveLansing, MI 48910
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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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Capital Manor
Studio to 2 Bedroom Apartments

Capital Manor

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

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.

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Midtown Apartments
Studio to 1 Bedroom Apartments

Midtown Apartments

224 W Kalamazoo StLansing, MI 48933
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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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319 E Hillsdale
1 to 2 Bedroom Apartments

319 E Hillsdale

319 E Hillsdale StLansing, MI 48933
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Washington Apartments
Studio to 1 Bedroom Apartments

Washington Apartments

927 S Washington AveLansing, MI 48910
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532 Townsend St
1 to 2 Bedroom Apartments

532 Townsend St

532 Townsend StLansing, MI 48933
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Baltic Flatz
1 to 2 Bedroom Apartments

Baltic Flatz

927-1001 W Cavanaugh RdLansing, MI 48910

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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Cavanaugh Flatz
1 to 2 Bedroom Apartments

Cavanaugh Flatz

911 W Cavanaugh RdLansing, MI 48910
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Jolly Flatz
1 to 2 Bedroom Apartments

Jolly Flatz

645 E Jolly RdLansing, MI 48910
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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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Tamara Apartments
1 to 2 Bedroom Apartments

Tamara Apartments

335 E Saint Joseph StLansing, MI 48933
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Reo Lofts
1 Bedroom Apartments

Reo Lofts

1133-1137 S Washington AveLansing, MI 48910
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Ventnor Flatz
Studio to 2 Bedroom Apartments

Ventnor Flatz

1115-1156 Dorchester CirLansing, MI 48910

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

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 ListingModel NameBed/BathPriced From
MLK FlatzStudioStudio,1BA$690
Reside 30311 BR / 1 Bath1BR,1BA$725
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$750
Stone Ridge Meadows2 Bed 1 Bath2BR,1BA$770
Hiland Flatz2 Bedroom/1 Bath2BR,1BA$800
Westbay Club ApartmentsOne Bedroom Garden1BR,1BA$845
Pennsylvania Flats1 Bed 1 Bath Apt.1BR,1BA$850
Cherry HillStudioStudio,1BA$850
Fountain Place ApartmentsFountain Place - StudioStudio,1BA$875
The Grove @ Grove Park1 Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Cambridge ManorThree Bedroom3BR,2BA$0.95
Potomac VillagePotomac Apartments - Two Bedroom Upgraded **$50...2BR,1BA$1.20
Riverview Estates2 Beds, 2 Baths2BR,2BA$1.00
The "Wave"Two Bedroom Premium2BR,1BA$1.08
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Green Oaks Apartments2 BR / 1 Bath2BR,1BA$1.12
Stone Ridge Meadows2 Bed 1 Bath2BR,1BA$0.91
Hiland Flatz2 Bedroom/1 Bath2BR,1BA$0.94
Fred Louisa Flatz2 Bedroom/1 Bath2BR,1BA$1.12
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
Colonial Village, Lansing, MI

Ranked #36

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.

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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.