
Cheap Homes for Rent in Colonial Village Neighborhood of Lansing, MI from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Colonial Village area of Lansing.


3407 W Mt Hope Ave

1911 Alpha St
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.

920 Vincent Ct, Unit 920

915 Loa St

3513 Jane Anne Terrace
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.

605 S Grand Ave
Colonial Village, Lansing, MI Local Guide

How much does it cost to rent a home in Colonial Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colonial Village 2 Bedroom Homes for Rent | $1,088 | $795 | $1,295 |
| Colonial Village 3 Bedroom Homes for Rent | $1,461 | $1,195 | $1,850 |
| Colonial Village 4 Bedroom Homes for Rent | $1,616 | $1,100 | $1,950 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fred Apartments | Studio | Studio,1BA | $675 |
| Brookewood South Apartments | 1 Bedroom | 1BR,1BA | $745 |
| Holmes Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $750 |
Best Value Apartments for Rent in Colonial Village, MI
As of December 26, 2025 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 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 | $0.96 |
| 1039 S Pennsylvania Ave, Unit 1 - Down | 1039 S Pennsylvania Ave | 1BR,1BA | $0.68 |
| Cambridge Manor | Three Bedroom | 3BR,2BA | $1.06 |
| Willis Apartments | 3 Bed / 1 Bath | 3BR,1BA | $1.04 |
| 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 |
| Stone Ridge Meadows | 2 Bed 1 Bath | 2BR,1BA | $0.91 |
| The "Wave" | One Bedroom | 1BR,1BA | $1.11 |
| Holmes Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $1.07 |
| Jolly Flatz | 1 Bedroom/1 Bath | 1BR,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 ArticleThe 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.
Read ArticleCash 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 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 #44
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Colonial Village, Lansing, MI
Dwight Rich School of the Arts
School data provided by Great Schools
Frequently Asked Questions about Colonial Village
What type of rentals are currently available in Colonial Village?
There are currently 175 Apartments for Rent in Colonial Village, MI with pricing that ranges from $675 to $2,500. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Village ranging from $795 to $1,950.
What is the current price range for Rental Homes in Colonial Village?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Colonial Village ranges from $795 to $1,950 with an average monthly rent of $1,266.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!