Cheap Homes for Rent in Old Town Lansing Neighborhood of Lansing, MI from $700 (17 Rentals)

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Search the lowest-cost Homes available for rent right now in the Old Town Lansing area of Lansing.

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Old Town Lansing, Lansing, MI Local Guide

Cheapest Available Old Town Lansing Apartments for Rent

 

The cheapest available apartment rental in the Old Town Lansing area of Lansing, MI is a Studio unit found at Chestnut Flatz priced from $800. Capitol Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $807. Here are the most affordable Old Town Lansing apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Chestnut FlatzStudioStudio,1BA$800
Capitol ParkThe One Bedroom1BR,1BA$807
Fountain Place ApartmentsFountain Place - StudioStudio,1BA$875
REO Town Apartments300 Building 1 Bedroom1BR,1BA$895

Best Value Apartments for Rent in Old Town Lansing, MI

As of July 22, 2025 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 609 Bluff St Model at 609 Bluff St starting at $1,400 with a $0.82 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 ListingModel NameBed/BathPrice Per Sq.Ft.
501 N Walnut St, Unit 1501 N Walnut St1BR,1BA$0.27
609 Bluff St609 Bluff St3BR,1BA$0.82
220 W Oakland Ave220 W Oakland Ave3BR,1BA$0.78
1033 E Cesar E Chavez Ave, Unit Down1033 E Cesar E Chavez Ave2BR,1BA$0.72
426 W Saginaw St, Unit 1 Down426 W Saginaw St2BR,1BA$0.72
424 W Saginaw St, Unit 1 - Down424 W Saginaw St2BR,1BA$0.72
422 W Saginaw St, Unit Lower422 W Saginaw St2BR,1BA$0.70
1039 S Pennsylvania Ave, Unit 1 - Down1039 S Pennsylvania Ave1BR,1BA$0.68
1224 E Malcolm X St, Unit #11224 E Malcolm X St1BR,1BA$0.83
1425 Knollwood Ave, Unit #Down1425 Knollwood Ave2BR,1BA$1.01

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Frequently Asked Questions about Old Town Lansing

What type of rentals are currently available in Old Town Lansing?

There are currently 229 Apartments for Rent in Old Town Lansing, MI with pricing that ranges from $625 to $4,250. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Town Lansing ranging from $750 to $99,999.

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 $750 to $99,999 with an average monthly rent of $2,594.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.