
Cheap Homes for Rent in Old Town Lansing Neighborhood of Lansing, MI from $800 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Old Town Lansing area of Lansing.


1016 N Capitol Ave

1021 Moores River Dr

220 W Lapeer St
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.

427 Seymour Ave

902 Chicago Ave, Unit 1

316 W Saginaw St

801 N Capitol Ave
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.

323 W Saginaw St
Old Town Lansing, Lansing, MI Local Guide

How much does it cost to rent a home in Old Town Lansing?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Town Lansing 2 Bedroom Homes for Rent | $1,221 | $1,095 | $1,329 |
| Old Town Lansing 3 Bedroom Homes for Rent | $1,341 | $1,050 | $1,550 |
| Old Town Lansing 4 Bedroom Homes for Rent | $1,618 | $1,100 | $1,955 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Old Town Lansing Neighborhood of Lansing, MI.
Explore Lansing
Old Town Lansing, Lansing, MI Local Guide
- Nearby Lansing neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Old Town Lansing Apartments for Rent
 The cheapest available apartment rental in the Old Town Lansing area of Lansing, MI is a 1 Bed unit found at Walnut Flatz priced from $700. Townsend Apartment ( Reo Vincent Townsend Apartment LLC) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Old Town Lansing apartments for rent in Lansing, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Walnut Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $700 |
| Townsend Apartment ( Reo Vincent Townsend Apartment LLC) | Townsend Apartments - One Bedroom | 1BR,1BA | $750 |
| Pennsylvania Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $750 |
Best Value Apartments for Rent in Old Town Lansing, MI
As of April 21, 2026 the best value apartment in the Old Town Lansing 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 Old Town Lansing apartment is the The Grace 60% Model at Abigail Senior starting at $925 with a $0.89 price per square foot in the North Lansing neighborhood. Here is today’s list of the best values for Old Town Lansing 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 | $0.27 |
| Abigail Senior | The Grace 60% | 2BR,1BA | $0.89 |
| Brentwood Apartments (460 Silver LLC) | Brentwood Apartments - Two Bedroom *FREE FIRST ... | 2BR,1BA | $1.08 |
| 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 |
| Blue Spruce Apartments | 2 BR / 1 Bath | 2BR,1BA | $1.12 |
| 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 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 LifestyleOld Town Lansing, Lansing, MI
Ranked #18
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Old Town Lansing
What type of rentals are currently available in Old Town Lansing?
There are currently 211 Apartments for Rent in Old Town Lansing, MI with pricing that ranges from $475 to $4,250. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Town Lansing ranging from $800 to $1,955.
What is the current price range for Rental Homes in Old Town Lansing?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Town Lansing ranges from $800 to $1,955 with an average monthly rent of $1,272.
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

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.