Cheap Apartments for Rent in the Colonial Village Neighborhood of Lansing, MI from $500 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Village area of Lansing.

811 Larned St

Westbay Club Apartments

Waverly Park Apartments

917 S Pennsylvania Ave, Unit Upper

Cherry Hill
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.

306 E Hillsdale St

The Grove @ Grove Park

Fountain Place Apartments

3407 W Mt Hope Ave

1039 S Pennsylvania Ave, Unit 1 - Down

REO Town Apartments

Sandridge Townhomes & Apartments
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.
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.

Capitol Commons Apartments and Townhomes
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.
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 | $924 | $675 | $1,210 |
Colonial Village 1 Bedroom Apartments | $967 | $750 | $1,429 |
Colonial Village 2 Bedroom Apartments | $1,168 | $800 | $2,500 |
Colonial Village 3 Bedroom Apartments | $1,320 | $1,200 | $1,400 |
Browse Apartments in this Neighborhood
There are currently 47 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
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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 Fred Apartments priced from $675. Jolly Flatz has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Colonial Village apartments for rent in Lansing, MI:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Fred Apartments | Studio | Studio,1BA | $675 |
Jolly Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $700 |
Baltic Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $700 |
Holmes Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $750 |
The "Wave" | One Bedroom | 1BR,1BA | $775 |
Waverly Park Apartments | One Bedroom | 1BR,1BA | $794 |
Hiland Flatz | 2 Bedroom/1 Bath | 2BR,1BA | $800 |
The Grove @ Grove Park | 1 Bed, 1 bath | 1BR,1BA | $850 |
Best Value Apartments for Rent in Colonial Village, MI
As of June 21, 2025 the best value apartment in the Colonial Village area is the $0.93 price per square foot 1016 Kelsey Ave Model at 1016 Kelsey Ave in the in the Lansing Eaton neighborhood starting from $1,300. The second greatest value Colonial Village apartment is the 1039 S Pennsylvania Ave Model at 1039 S Pennsylvania Ave, Unit 1 - Down starting at $890 with a $0.68 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1016 Kelsey Ave | 1016 Kelsey Ave | 3BR,1BA | $0.93 |
1039 S Pennsylvania Ave, Unit 1 - Down | 1039 S Pennsylvania Ave | 1BR,1BA | $0.68 |
Cambridge Manor | Three Bedroom | 3BR,2BA | $1.06 |
224 Crest St, Unit 2 | 224 Crest St | 2BR,1BA | $1.10 |
124 E Barnes Ave, Unit Main | 124 E Barnes Ave | 2BR,1BA | $0.98 |
Jolly Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $1.00 |
Hiland Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $1.14 |
Baltic Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $1.00 |
The "Wave" | One Bedroom | 1BR,1BA | $1.11 |
Holmes Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $1.07 |
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.
Pet Friendly LifestyleColonial Village, Lansing, MI
Ranked #30
Among neighborhoods in Lansing, MI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet 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!
Getting Around the Colonial Village Neighborhood in Lansing, MI
Walk Score®
63 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
52 / 100
Bikeable
Some bike infrastructure
Transit Score®
33 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Fred Apartments listed at $675.
How much is rent for a Cheap One Bedroom Colonial Village Apartment?
The lowest price for a Cheap One Bedroom Colonial Village Apartment is $700 at Baltic Flatz.
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 $800 at Baltic Flatz.
What is the most affordable Colonial Village Three Bedroom Apartment?
The best deal on a cheap Colonial Village Three Bedroom Apartment rental is at Cambridge Manor and starts from $1,375.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.