Cheap Apartments for Rent in the Colonial Village Neighborhood of Lansing, MI from $500 (54 Rentals)

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

property at 147 Isbell St

$700 - $750

1 Bedroom Rentals

Available Now

147 Isbell St

LansingMI48910
property at 121 Island Ave

$800 - $1,100

1 To 3 Bedroom Rentals

Available Now

121 Island Ave

LansingMI48910

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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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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Del Marr Apartments
1 to 2 Bedroom Apartments

Del Marr Apartments

2934 Mersey LnLansing, MI 48911
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MLK Flatz
Studio Apartments

MLK Flatz

4620 S Martin Luther King Jr BlvdLansing, 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
  • Utilities Included

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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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
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Simken Flatz
1 to 2 Bedroom Apartments

Simken Flatz

3501 Simken DrLansing, MI 48910
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Hiland Flatz
1 to 2 Bedroom Apartments

Hiland Flatz

2901 Mersey LnLansing, MI 48911
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Baltic Flatz
1 to 2 Bedroom Apartments

Baltic Flatz

927-1001 W Cavanaugh RdLansing, 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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Holmes Flatz
1 to 2 Bedroom Apartments

Holmes Flatz

2222 W Holmes RdLansing, MI 48911

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Jolly Flatz
1 to 2 Bedroom Apartments

Jolly Flatz

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

Cavanaugh Flatz

911 W Cavanaugh 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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Reo Lofts
1 Bedroom Apartments

Reo Lofts

1133-1137 S Washington AveLansing, MI 48910
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Tamara Apartments
1 to 2 Bedroom Apartments

Tamara Apartments

335 E Saint Joseph StLansing, MI 48933
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Atlantic Flatz
1 Bedroom Apartments

Atlantic Flatz

909 E Jolly RdLansing, MI 48910
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Pennsylvania Flatz
1 Bedroom Apartments

Pennsylvania Flatz

1420-1424 S Pennsylvania AveLansing, MI 48910

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 Fred Apartments priced from $675. Brookewood South Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Colonial Village apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Fred ApartmentsStudioStudio,1BA$675
Brookewood South Apartments1 Bedroom1BR,1BA$745
Holmes Flatz1 Bedroom/1 Bath1BR,1BA$750
Jolly Flatz1 Bedroom/1 Bath1BR,1BA$750
Stone Ridge Meadows2 Bed 1 Bath2BR,1BA$770
The "Wave"One Bedroom1BR,1BA$775
910 E. Jolly Rd. #1-12A * 1BR1BR,1BA$795
Pennsylvania Flatz1 Bedroom/1 Bath1BR,1BA$800
Hiland Flatz2 Bedroom/1 Bath2BR,1BA$800
Atlantic Flatz1 Bedroom/1 Bath1BR,1BA$800

Best Value Apartments for Rent in Colonial Village, MI

As of January 13, 2026 the best value apartment in the Colonial Village area is the $0.96 price per square foot 1016 Kelsey Ave Model at 1016 Kelsey Ave in the in the Lansing Eaton neighborhood starting from $1,350. The second greatest value Colonial Village apartment is the Three Bedroom Model at Cambridge Manor starting at $1,375 with a $1.06 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.
1016 Kelsey Ave1016 Kelsey Ave3BR,1BA$0.96
Cambridge ManorThree Bedroom3BR,2BA$1.06
1039 S Pennsylvania Ave, Unit 1 - Down1039 S Pennsylvania Ave1BR,1BA$0.68
224 Crest St, Unit 2224 Crest St2BR,1BA$1.10
Potomac Village2 Bedroom2BR,1BA$1.00
124 E Barnes Ave, Unit Main124 E Barnes Ave2BR,1BA$0.98
Hiland Flatz2 Bedroom/1 Bath2BR,1BA$0.94
Stone Ridge Meadows2 Bed 1 Bath2BR,1BA$0.91
Holmes Flatz1 Bedroom/1 Bath1BR,1BA$1.07
Jolly 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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 #44

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 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 $800.

What is the price of a cheap apartment in Colonial Village?

The cheapest apartment in Colonial Village is Brookewood South Apartments which is listed at $745, 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 11 regular apartments in Colonial Village that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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 A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!