Cheap Homes for Rent in Holmes Street Area Lansing, MI from $600 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in the Holmes Street Area area of Lansing.

property at 602 N Pennsylvania Ave

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

1 Bedroom, 1 Bath Home for Rent

Available Now

602 N Pennsylvania Ave, Unit #3

602 N Pennsylvania Ave
LansingMI48912

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.

property at 427 Seymour Ave

$850 - $1,300

1 To 2 Bedroom Rentals

Available Now

427 Seymour Ave

LansingMI48933

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.

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 Reside 517 LLC priced from $650. Walnut Flatz has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Holmes Street Area apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Reside 517 LLC1BR/1.0BA1BR,1BA$650
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$700
Reside 30311 BR / 1 Bath1BR,1BA$725
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$750
3106 Holiday Apartments (Michael & Norma Coscarelli)3106 Holiday Drive | Studio Available starting ...Studio,1BA$750

Best Value Apartments for Rent in Holmes Street Area, MI

As of May 28, 2026 the best value apartment in the Holmes Street Area area is the $0.27 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 $625. The second greatest value Holmes Street Area apartment is the 4 BEDROOM/4 BATHROOM - D1 Model at Skyvue MI starting at $849 with a $0.63 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$0.27
Skyvue MI4 BEDROOM/4 BATHROOM - D14BR,4BA$0.63
424 W Saginaw St, Unit 1 - Down424 W Saginaw St2BR,1BA$0.72
Campus Village-E. Lansing3 Bedroom 3 Bathroom3BR,3BA$0.85
917 S Pennsylvania Ave, Unit Lower917 S Pennsylvania Ave1BR,1BA$0.90
Kimberly House Apartments2 Beds, 1 bath2BR,1BA$0.91
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Abigail SeniorThe Phebe 60%1BR,1BA$1.06
Pennsylvania Flatz1 Bedroom/1 Bath1BR,1BA$1.07
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.

Read Article
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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
Holmes Street Area, Lansing, MI

Ranked #11

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Holmes Street Area

What type of rentals are currently available in Holmes Street Area?

There are currently 255 Apartments for Rent in Holmes Street Area, MI with pricing that ranges from $585 to $4,250. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Holmes Street Area ranging from $695 to $3,750.

What is the current price range for Rental Homes in Holmes Street Area?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Holmes Street Area ranges from $695 to $3,750 with an average monthly rent of $1,561.

How much are larger Three and Four Bedroom Rentals in Holmes Street Area?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Holmes Street Area range from $1,035 to $3,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,175 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $849.

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 Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.