Cheap Apartments for Rent in the Fabulous Acres Neighborhood of Lansing, MI from $555 (103 Rentals)

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

property at 312 Jones St
$550

Total Monthly Price

Base Rent$550
Total Monthly Price$550
3 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

312 Jones St

LansingMI48912

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.

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property at 128 S Hosmer St
$795 - $1,050
Studio To 3 Bedroom Rentals
Available Now

128 S Hosmer St

LansingMI48912

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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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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property at 607 Shepard St
$950 - $1,100
1 Bedroom Rentals
Available Sep 15

607 Shepard St

LansingMI48912
property at 214 E Elm St
$995
1 Bedroom Rentals
Available Now

214 E Elm St

LansingMI48910

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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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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Showing Results 1-50, Page 1 of 3

Fabulous Acres, Lansing, MI Local Guide

Cheapest Available Fabulous Acres Apartments for Rent

 

The cheapest available apartment rental in the Fabulous Acres area of Lansing, MI is a 1 Bed unit found at Walnut Flatz priced from $700. MLK Flatz has the second lowest priced unit, which is a Studio apartment currently listed from $720. Here are the most affordable Fabulous Acres apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$700
MLK FlatzStudioStudio,1BA$720
Reside 30311 BR / 1 Bath1BR,1BA$725
Shiawassee ApartmentsShiawassee Apartments | Studio | One BathStudio,1BA$750
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$750
Shiawassee Apartments1 BR / 1 Bath1BR,1BA$775
Pennsylvania Flats1 Bed 1 Bath Apt.1BR,1BA$775

Best Value Apartments for Rent in Fabulous Acres, MI

As of September 10, 2026 the best value apartment in the Fabulous Acres area is the $0.26 price per square foot 501 N Walnut St Model at 501 N Walnut St, Unit 1 in the in the Downtown Lansing neighborhood starting from $595. The second greatest value Fabulous Acres apartment is the 422 W Saginaw St Model at 422 W Saginaw St, Unit 1 - Down starting at $975 with a $0.72 price per square foot in the Downtown Lansing neighborhood. Here is today’s list of the best values for Fabulous Acres apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
501 N Walnut St, Unit 1501 N Walnut St1BR,1BA$0.26
422 W Saginaw St, Unit 1 - Down422 W Saginaw St2BR,1BA$0.72
706 W Saginaw St, Unit 2706 W Saginaw St3BR,1BA$1.08
The ArbaughThe Arbaugh - Two Bedroom Apartment2BR,1BA$1.11
Willis Apartments3 Bed / 1 Bath3BR,1BA$1.09
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Holmes Flatz2 Bedroom/1 Bath2BR,1BA$1.06
Capitol ParkThe One Bedroom1BR,1BA$1.02
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$1.00
Pennsylvania Flats1 Bed 1 Bath Apt.1BR,1BA$1.11

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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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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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
Fabulous Acres, Lansing, MI

Ranked #24

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

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Michigan, including Lansing. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, places that make kids happy, raising pets, transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Fabulous Acres Apartments

What is a cheap apartment in Fabulous Acres?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fabulous Acres is under $775.

What is the price of a cheap apartment in Fabulous Acres?

The cheapest apartment in Fabulous Acres is Walnut Flatz which is listed at $700, while the average apartment in Fabulous Acres costs $1,250.

What types of apartments are the cheapest in Fabulous Acres?

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 27 regular apartments in Fabulous Acres 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 Fabulous Acres?

Cheap apartments in Fabulous Acres have an average cost of $272 which is $978 cheaper than the average rent for all rentals in Fabulous Acres.

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 Rent According to Income: A Look at Income-Restricted Rentals article

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 Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.