Cheap Apartments for Rent in the REO Town Neighborhood of Lansing, MI from $479 (91 Rentals)

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

property at 312 Jones St
$550

Total Monthly Price

Base Rent$550
Total Monthly Price$550
3 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

312 Jones St

LansingMI48912

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property at 128 S Hosmer St
$795 - $1,050
Studio To 3 Bedroom Rentals
Available Now

128 S Hosmer St

LansingMI48912

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property at 1018 N Pennsylvania Ave
$899
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

1018 N Pennsylvania Ave

LansingMI48906
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 607 Shepard St
$950 - $1,100
1 Bedroom Rentals
Available Sep 15

607 Shepard St

LansingMI48912
property at 214 E Elm St
$995
1 Bedroom Rentals
Available Now

214 E Elm St

LansingMI48910

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South Reo Apartments
1 Bedroom Apartments

South Reo Apartments

2920 S Washington AveLansing, MI 48910
  • Utilities Included
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916 W Ottawa St
1 to 2 Bedroom Apartments

916 W Ottawa St

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

Somerset Apartments

1401 W Holmes RdLansing, MI 48910
Senior Living

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

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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 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 REO Town apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Abigail SeniorThe Gertrude 30%2BR,1BA$479
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$700
Reside 30311 BR / 1 Bath1BR,1BA$725
Windemere Apartments1 Bed, 1 bath1BR,1BA$734
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$750
Shiawassee ApartmentsShiawassee Apartments | Studio | One BathStudio,1BA$750
Pennsylvania Flats1 Bed 1 Bath Apt.1BR,1BA$775
Shiawassee Apartments1 BR / 1 Bath1BR,1BA$775

Best Value Apartments for Rent in REO Town, MI

As of September 07, 2026 the best value apartment in the REO Town 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 REO Town 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 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$0.26
1033 E Cesar E Chavez Ave, Unit Down1033 E Cesar E Chavez Ave2BR,1BA$0.78
422 W Saginaw St, Unit 1 - Down422 W Saginaw St2BR,1BA$0.72
706 W Saginaw St, Unit 2706 W Saginaw St3BR,1BA$1.08
Kimberly House Apartments2 Beds, 1 bath2BR,1BA$0.91
Brentwood Apartments (460 Silver LLC)Brentwood Apartments | Two Bed | One Bath | Fir...2BR,1BA$1.08
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Holmes Flatz2 Bedroom/1 Bath2BR,1BA$1.06
Capitol ParkThe One Bedroom1BR,1BA$1.02
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$1.00

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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.

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Real 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.

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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.

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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!

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 $775.

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

The cheapest apartment in REO Town is Walnut Flatz which is listed at $700, while the average apartment in REO Town costs $1,278.

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 12 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 $167 which is $1,111 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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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