
Cheap Homes for Rent in Old Forest Neighborhood of Lansing, MI from $700 (21 Rentals)
Search the lowest-cost Homes available for rent right now in the Old Forest area of Lansing.


1021 N Walnut St

1023 N Walnut St

220 W Lapeer St

1016 N Capitol Ave

427 Seymour Ave

1018 N Pennsylvania Ave
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.

316 W Saginaw St

801 N Capitol Ave

3528 Queens Point Terrace

819 Cross St

233 N Chestnut St, Unit A

1007 Mahlon St

832 N Larch St, Unit apt 3
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.

3521 Kings Point Terrace

1206 Leslie St

307 N Walnut St

1010 N Pine St, Unit B

811 Call St

605 S Grand Ave

1136 N Martin Luther King Jr Blvd
Cash 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.
Old Forest, Lansing, MI Local Guide

How much does it cost to rent a home in Old Forest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Forest 2 Bedroom Homes for Rent | $1,093 | $899 | $1,500 |
| Old Forest 3 Bedroom Homes for Rent | $1,434 | $1,100 | $1,800 |
| Old Forest 4 Bedroom Homes for Rent | $1,588 | $1,100 | $1,955 |
| Old Forest 5 Bedroom Homes for Rent | $1,650 | $1,650 | $1,650 |
Browse Homes for Rent in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Old Forest Neighborhood of Lansing, MI.
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Old Forest, Lansing, MI Local Guide
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Cheapest Available Old Forest Apartments for Rent
 The cheapest available apartment rental in the Old Forest area of Lansing, MI is a 1 Bed unit found at Reside 517 LLC priced from $675. Walnut Flatz has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Old Forest apartments for rent in Lansing, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Reside 517 LLC | 1BR/1.0BA | 1BR,1BA | $675 |
| Walnut Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $700 |
| Pennsylvania Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $750 |
| 927 W. Shiawassee St. #2-12 | A * 1BR | 1BR,1BA | $750 |
| Shiawassee Apartments | Shiawassee Apartments - Studio | Studio,1BA | $750 |
Best Value Apartments for Rent in Old Forest, MI
As of June 14, 2026 the best value apartment in the Old Forest 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 Old Forest apartment is the 3 Beds, 1 Baths Model at 433 N Seymour St starting at $1,395 with a $1.12 price per square foot in the Downtown Lansing neighborhood. Here is today’s list of the best values for Old Forest apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 501 N Walnut St, Unit 1 | 501 N Walnut St | 1BR,1BA | $0.26 |
| 433 N Seymour St | 3 Beds, 1 Baths | 3BR,1BA | $1.12 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $0.83 |
| Green Oaks Apartments | 2 BR / 1 Bath | 2BR,1BA | $1.12 |
| 731 N Sycamore St, Unit 731.5 | 731 N Sycamore St | 2BR,1BA | $1.11 |
| 610 N Sycamore St, Unit 1 | 610 N Sycamore St | 1BR,1BA | $1.09 |
| Walnut Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $1.00 |
| Pennsylvania Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $1.07 |
| 927 W. Shiawassee St. #2-12 | A * 1BR | 1BR,1BA | $1.07 |
| 1407 West Ottawa Street, Unit 3 | 1407 West Ottawa Street | 1BR,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 ArticleReal 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.
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 LifestyleOld Forest, Lansing, MI
Ranked #24
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Old Forest
What type of rentals are currently available in Old Forest?
There are currently 191 Apartments for Rent in Old Forest, MI with pricing that ranges from $595 to $4,250. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Forest ranging from $750 to $1,955.
What is the current price range for Rental Homes in Old Forest?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Forest ranges from $750 to $1,955 with an average monthly rent of $1,327.
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 I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.