Cheap Apartments for Rent in the REO Town Neighborhood of Lansing, MI from $400 (81 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
624 W Lapeer St
$600 - $925
Total Monthly Price

Total Monthly Price

Base Rent
$600 - $925
Total Monthly Price
$600 - $925
Studio to 1 Bedroom Apartment Available Now

624 W Lapeer St

624 W Lapeer StLansing, MI 48933
Affordability

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.

Read Article
close
View Me
426 W Saginaw St
$775 - $975
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $975
Total Monthly Price
$775 - $975
1 to 2 Bedroom Apartment Available Now

426 W Saginaw St

426 W Saginaw StLansing, MI 48933
Cost Per Sq.Ft.
close
View Me
424 W Saginaw St
$775 - $975
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $975
Total Monthly Price
$775 - $975
1 to 2 Bedroom Apartment Available Now

424 W Saginaw St

424 W Saginaw StLansing, MI 48933
Cost Per Sq.Ft.
close
View Me
124 E Barnes Ave
$800 - $975
Total Monthly Price

Total Monthly Price

Base Rent
$800 - $975
Total Monthly Price
$800 - $975
1 to 2 Bedroom Apartment Available Now

124 E Barnes Ave

124 E Barnes AveLansing, MI 48910
Cost Per Sq.Ft.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
close
View Me
416 W Saginaw St
$825 - $990
Total Monthly Price

Total Monthly Price

Base Rent
$825 - $990
Total Monthly Price
$825 - $990
1 to 2 Bedroom Apartment Available Now

416 W Saginaw St

416 W Saginaw StLansing, MI 48933
Cost Per Sq.Ft.
close
View Me
224 Crest St
$850 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $1,150
Total Monthly Price
$850 - $1,150
1 to 2 Bedroom Apartment Available Now

224 Crest St

224 Crest StLansing, MI 48910
Affordability
close
View Me
422 W Saginaw St
$850 - $975
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $975
Total Monthly Price
$850 - $975
1 to 2 Bedroom Apartment Available Now

422 W Saginaw St

422 W Saginaw StLansing, MI 48933
Cost Per Sq.Ft.

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
close
View Me
Lansing Tower Apartments
Rent Specials
$905 - $1,755
Total Monthly Price

Total Monthly Price

Base Rent
$883 - $1,733
Required Monthly Fees
$22
Total Monthly Price
$905 - $1,755
Studio to 3 Bedroom Apartments Available Now

Lansing Tower Apartments

610 W Ottawa StLansing, MI 48933
  • Verified
  • Customer Reviewed
  • 3D Tour

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
close
View Me
Brentwood Apartments
Rent Specials
$930 - $999
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $944
Required Monthly Fees
$55
Total Monthly Price
$930 - $999
2 Bedroom Apartments Available Now

Brentwood Apartments

2928 Kenwick CirLansing, MI 48912
  • Verified
  • Utilities Included
  • 3D Tour

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article
Showing Results 1-50, Page 1 of 2

REO Town, Lansing, MI Local Guide

Cheapest Available REO Town Apartments for Rent

 

The cheapest available apartment rental in the REO Town area of Lansing, MI is a 1 Bed unit found at Pacific Flatz priced from $700. Pennsylvania Flatz has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable REO Town apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Pacific FlatzA1. 1 Bedroom/1 Bath1BR,1BA$700
Pennsylvania Flatz1 Bedroom/1 Bath1BR,1BA$700
Reside 30311 BR / 1 Bath1BR,1BA$725
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$750

Best Value Apartments for Rent in REO Town, MI

As of February 27, 2026 the best value apartment in the REO Town 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 REO Town 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 REO Town 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
1016 Kelsey Ave1016 Kelsey Ave3BR,1BA$0.96
Potomac Village2 Bedroom2BR,1BA$1.00
Abigail SeniorThe Christin 60%2BR,1BA$0.94
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
424 W Saginaw St424 W Saginaw St1BR,1BA$0.98
426 W Saginaw St426 W Saginaw St1BR,1BA$0.98
1010 W Ionia St, Unit 1010 West Ionia1010 W Ionia St1BR,1BA$0.93

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
Decorative image

The 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 Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across Michigan, including Lansing. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap REO Town Apartments

What is a cheap apartment in REO Town?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in REO Town is under $750.

What is the price of a cheap apartment in REO Town?

The cheapest apartment in REO Town is Pacific Flatz which is listed at $700, while the average apartment in REO Town costs $1,425.

What types of apartments are the cheapest in REO Town?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 11 regular apartments in REO Town that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in REO Town?

Cheap apartments in REO Town have an average cost of $230 which is $1,195 cheaper than the average rent for all rentals in REO Town.

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 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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.