
Cheap Homes for Rent in the Old Town Lansing Neighborhood of Lansing, MI from $550 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Old Town Lansing area of Lansing.


1021 N Walnut St

1023 N Walnut St

917 Seymour Ave

820 W Shiawassee St, Unit B- Upstairs

1016 N Capitol Ave

220 W Lapeer St
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1222 Parkview St

1018 N Pennsylvania Ave

329 S 8th St

2718 E Grand River Ave, Unit 1 BTR

917 Linden Grove Ave

225 martin luther jr Blvd, Unit Apt 2

801 N Capitol Ave
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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 | $1,199 | $899 | $1,600 |
| Old Town Lansing 3 Bedroom Homes for Rent | $1,364 | $550 | $1,700 |
| Old Town Lansing 4 Bedroom Homes for Rent | $1,498 | $1,100 | $1,895 |
Browse Homes for Rent in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Old Town Lansing Neighborhood of Lansing, MI.
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Old Town Lansing, Lansing, MI Local Guide
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Cheapest Available Old Town Lansing Apartments for Rent
 The cheapest available apartment rental in the Old Town Lansing area of Lansing, MI is a 2 Beds unit found at Abigail Senior priced from $479. Walnut Flatz has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Old Town Lansing apartments for rent in Lansing, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Abigail Senior | The Gertrude 30% | 2BR,1BA | $479 |
| Walnut Flatz | 1 Bedroom/1 Bath | 1BR,1BA | $700 |
| Windemere Apartments | 1 Bed, 1 bath | 1BR,1BA | $734 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $750 |
| Shiawassee Apartments | Shiawassee Apartments | Studio | One Bath | Studio,1BA | $750 |
Best Value Apartments for Rent in Old Town Lansing, MI
As of September 06, 2026 the best value apartment in the Old Town Lansing 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 Town Lansing apartment is the 1033 E Cesar E Chavez Ave Model at 1033 E Cesar E Chavez Ave, Unit Down starting at $1,250 with a $0.78 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 | $0.26 |
| 1033 E Cesar E Chavez Ave, Unit Down | 1033 E Cesar E Chavez Ave | 2BR,1BA | $0.78 |
| 422 W Saginaw St, Unit 1 - Down | 422 W Saginaw St | 2BR,1BA | $0.72 |
| 706 W Saginaw St, Unit 2 | 706 W Saginaw St | 3BR,1BA | $1.08 |
| Willis Apartments | 3 Bed / 1 Bath | 3BR,1BA | $1.09 |
| Kimberly House Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.91 |
| Brentwood Apartments (460 Silver LLC) | Brentwood Apartments | Two Bed | One Bath | Fir... | 2BR,1BA | $1.08 |
| Colonial Place Apartments | 1 BR / 1 Bath | 1BR,1BA | $0.83 |
| Capitol Park | The One Bedroom | 1BR,1BA | $1.02 |
| Walnut Flatz | 1 Bedroom/1 Bath | 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 ArticleNavigating the Rental Market: Tips for First-Time Renters
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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 Town Lansing, Lansing, MI
Ranked #15
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 222 Apartments for Rent in Old Town Lansing, MI with pricing that ranges from $479 to $4,250. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Town Lansing ranging from $550 to $1,895.
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 $550 to $1,895 with an average monthly rent of $1,215.
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

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.

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.

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.

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.