Cheap Apartments for Rent in the REO Town Neighborhood of Lansing, MI from $400 (61 Rentals)

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

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.

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.

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.

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916 W Ottawa St
1 to 2 Bedroom Apartments

916 W Ottawa St

916 W Ottawa StLansing, MI 48915
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Somerset Apartments
1 to 2 Bedroom Apartments

Somerset Apartments

1401 W Holmes RdLansing, MI 48910
Senior Living
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Chestnut Flatz
Studio to 1 Bedroom Apartments

Chestnut Flatz

1216 N Chestnut StLansing, MI 48906
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Colonial Woods
1 to 2 Bedroom Apartments

Colonial Woods

2001 W Mount Hope AveLansing, MI 48910
Senior Living
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Reside 3031 Apartments
1 to 2 Bedroom Apartments

Reside 3031 Apartments

3031 S Washington AveLansing, MI 48910
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Riverfront Towers
1 to 2 Bedroom Apartments

Riverfront Towers

601 N Cedar StLansing, MI 48912
Senior Living
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Capital Manor
Studio to 2 Bedroom Apartments

Capital Manor

515-524 S Chestnut StLansing, MI 48933
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Shiawassee Apartments
Studio to 2 Bedroom Apartments

Shiawassee Apartments

906 E Shiawassee StLansing, MI 48912
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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.

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Walnut Flatz
1 to 2 Bedroom Apartments

Walnut Flatz

826 N Walnut StLansing, MI 48906
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Simken Flatz
1 to 2 Bedroom Apartments

Simken Flatz

3501 Simken DrLansing, MI 48910
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319 E Hillsdale
1 to 2 Bedroom Apartments

319 E Hillsdale

319 E Hillsdale StLansing, MI 48933
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Pinewood Club Apartments
1 to 3 Bedroom Apartments

Pinewood Club Apartments

2115-2125 Provincial House DrLansing, MI 48910
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Washington Apartments
Studio to 1 Bedroom Apartments

Washington Apartments

927 S Washington AveLansing, MI 48910
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Windemere Apartments
1 to 2 Bedroom Apartments

Windemere Apartments

2410-2414 W Willow StLansing, MI 48917
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Blakeview  Apartments
1 to 2 Bedroom Apartments

Blakeview Apartments

1110 Blake AveLansing, MI 48912
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Ferris Park Apartments
1 to 2 Bedroom Apartments

Ferris Park Apartments

419 W Shiawassee StLansing, MI 48933
  • Utilities Included

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.

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 Abigail Senior priced from $585. Reside 517 LLC has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable REO Town apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Abigail SeniorThe Barbara 40%1BR,1BA$585
Reside 517 LLC1BR/1.0BA1BR,1BA$775
Holmes Flatz1 Bedroom/1 Bath1BR,1BA$800
Capitol ParkThe One Bedroom1BR,1BA$807
The Grove @ Grove Park1 Bed, 1 bath1BR,1BA$850
Ferris Park TowersEfficiencyStudio,1BA$871
REO Town Apartments300 Building 1 Bedroom1BR,1BA$895
Highland Holmes ApartmentsTwo Bedroom2BR,1BA$895

Best Value Apartments for Rent in REO Town, MI

As of October 13, 2025 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 829 N Walnut St Model at 829 N Walnut St, Unit 1 starting at $1,195 with a $1.09 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
829 N Walnut St, Unit 1829 N Walnut St2BR,1BA$1.09
213 S Fairview Ave, Unit Lower213 S Fairview Ave2BR,1BA$1.15
319 N Sycamore St, Unit 319 #2319 N Sycamore St1BR,1BA$1.22
Blakeview Apartments2 Bedrooms, 1 Bathroom2BR,1BA$1.22
Highland Holmes ApartmentsTwo Bedroom2BR,1BA$1.12
Capitol ParkThe One Bedroom1BR,1BA$1.02
Abigail SeniorThe Phebe 60%1BR,1BA$1.23
The Grove @ Grove Park1 Bed, 1 bath1BR,1BA$1.21
Holmes Flatz1 Bedroom/1 Bath1BR,1BA$1.14

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Reo Town, Lansing, MI

Ranked #38

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

Getting Around the REO Town Neighborhood in Lansing, MI

Walk Score®

71 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

73 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

45 / 100

Some Transit

A few nearby public transportation options

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 $895.

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

The cheapest apartment in REO Town is Abigail Senior which is listed at $585, while the average apartment in REO Town costs $1,625.

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 $223 which is $1,402 cheaper than the average rent for all rentals in REO Town.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.