Cheap Apartments for Rent in the Colonial Village Neighborhood of Lansing, MI from $500 (87 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Del Marr Apartments
1 to 2 Bedroom Apartments

Del Marr Apartments

2934 Mersey LnLansing, MI 48911
  • Utilities Included
close
View Me
South Reo Apartments
1 Bedroom Apartments

South Reo Apartments

2920 S Washington AveLansing, MI 48910
  • Utilities Included
close
View Me
Cavanaugh West
1 to 2 Bedroom Apartments

Cavanaugh West

1120-1122 Mary AveLansing, MI 48910
  • Utilities Included
close
View Me
Somerset Apartments
1 to 2 Bedroom Apartments

Somerset Apartments

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

Sandhurst

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

Colonial Woods

2001 W Mount Hope AveLansing, MI 48910
Senior Living
  • Utilities Included
close
View Me
MLK Flatz
Studio Apartments

MLK Flatz

4620 S Martin Luther King Jr BlvdLansing, MI 48910

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.

Read Article
Showing Results 1-50, Page 1 of 2

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 $660. 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$660
Reside 30311 BR / 1 Bath1BR,1BA$725
Pennsylvania Flatz1 Bedroom/1 Bath1BR,1BA$750
Baltic Flatz1 Bedroom/1 Bath1BR,1BA$750
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$750
Stone Ridge Meadows2 Bed 1 Bath2BR,1BA$770
Hiland Flatz2 Bedroom/1 Bath2BR,1BA$800
Waverly Park ApartmentsOne Bedroom1BR,1BA$802
910 E. Jolly Rd. #1-12A * 2BR2BR,1BA$825
Westbay Club ApartmentsOne Bedroom Garden1BR,1BA$845

Best Value Apartments for Rent in Colonial Village, MI

As of June 08, 2026 the best value apartment in the Colonial Village 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 Colonial Village apartment is the 917 S Pennsylvania Ave Model at 917 S Pennsylvania Ave, Unit Lower starting at $990 with a $0.90 price per square foot in the Square One 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 ManorTwo Bedroom2BR,2BA$0.94
917 S Pennsylvania Ave, Unit Lower917 S Pennsylvania Ave1BR,1BA$0.90
The "Wave"Two Bedroom Premium2BR,1BA$1.08
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Hiland Flatz2 Bedroom/1 Bath2BR,1BA$0.94
Stone Ridge Meadows2 Bed 1 Bath2BR,1BA$0.91
Ventnor Flatz2 Bedroom/1 Bath2BR,1BA$1.00
910 E. Jolly Rd. #1-12A * 2BR2BR,1BA$1.10
Baltic Flatz1 Bedroom/1 Bath1BR,1BA$1.07
Pennsylvania Flatz1 Bedroom/1 Bath1BR,1BA$1.07

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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Colonial Village, Lansing, MI

Ranked #26

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Colonial Village, Lansing, MI

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 the Cheapest Studio apartment in Colonial Village?

Currently the most affordable Cheap Studio Apartment in Colonial Village is at MLK Flatz listed at $660.

How much is rent for a Cheap One Bedroom Colonial Village Apartment?

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

What is the lowest price for a Cheap Two Bedroom Colonial Village Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Colonial Village is starting from $770 at Stone Ridge Meadows.

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

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.