Cheap Apartments for Rent in the Holmes Street Area Lansing, MI from $450 (96 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Holmes Street Area 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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property at 1018 N Pennsylvania Ave
$899
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

1018 N Pennsylvania Ave

LansingMI48906
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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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Coolidge Arms
1 to 2 Bedroom Apartments

Coolidge Arms

921 Coolidge RdLansing, MI 48912
  • Utilities Included
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South Reo Apartments
1 Bedroom Apartments

South Reo Apartments

2920 S Washington AveLansing, MI 48910
  • Utilities Included
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916 W Ottawa St
1 to 2 Bedroom Apartments

916 W Ottawa St

916 W Ottawa StLansing, MI 48915
  • Utilities Included

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 2

Holmes Street Area, Lansing, MI Local Guide

Cheapest Available Holmes Street Area Apartments for Rent

 

The cheapest available apartment rental in the Holmes Street Area area of Lansing, MI is a 1 Bed unit found at Walnut Flatz priced from $700. Reside 3031 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Holmes Street Area apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$700
Reside 30311 BR / 1 Bath1BR,1BA$725
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$750
Shiawassee ApartmentsShiawassee Apartments | Studio | One BathStudio,1BA$750
Pennsylvania Flats1 Bed 1 Bath Apt.1BR,1BA$775
Shiawassee Apartments1 BR / 1 Bath1BR,1BA$775
Highland ApartmentsHighland Apartments | The Glade | One Bed | One...1BR,1BA$800

Best Value Apartments for Rent in Holmes Street Area, MI

As of September 08, 2026 the best value apartment in the Holmes Street Area 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 Holmes Street Area apartment is the 4 BEDROOM/4 BATHROOM - D1 Model at Skyvue MI starting at $805 with a $0.49 price per square foot in the Square One neighborhood. Here is today’s list of the best values for Holmes Street Area 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
Skyvue MI4 BEDROOM/4 BATHROOM - D14BR,4BA$0.49
1033 E Cesar E Chavez Ave, Unit Down1033 E Cesar E Chavez Ave2BR,1BA$0.78
Campus Village-E. Lansing4 Bedroom 4 Bathroom4BR,4BA$0.75
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
Kimberly House Apartments2 Beds, 1 bath2BR,1BA$0.91
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Capitol ParkThe One Bedroom1BR,1BA$1.02
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$1.00

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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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
Holmes Street Area, Lansing, MI

Ranked #6

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

This website is proud to bring you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Lansing, Michigan. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, and much more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Holmes Street Area Apartments

What is a cheap apartment in Holmes Street Area?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Holmes Street Area is under $800.

What is the price of a cheap apartment in Holmes Street Area?

The cheapest apartment in Holmes Street Area is Walnut Flatz which is listed at $700, while the average apartment in Holmes Street Area costs $1,262.

What types of apartments are the cheapest in Holmes Street Area?

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 33 regular apartments in Holmes Street Area 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 Holmes Street Area?

Cheap apartments in Holmes Street Area have an average cost of $446 which is $816 cheaper than the average rent for all rentals in Holmes Street Area.

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.

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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.