Cheap Homes for Rent in REO Town Neighborhood of Lansing, MI from $400 (15 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.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
property at 427 Seymour Ave

$895 - $1,300

1 To 2 Bedroom Rentals

Available Now

427 Seymour Ave

LansingMI48933

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

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
Showing Results 1-15, Page 1 of 1

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 $475. Reside 517 LLC has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable REO Town apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Abigail SeniorThe Gertrude 30%2BR,1BA$475
Reside 517 LLC1BR/1.0BA1BR,1BA$675
Walnut 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 May 09, 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 Shiawassee Model at Lansing Tower Apartments starting at $1,299 with a $0.96 price per square foot in the Downtown 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
Lansing Tower ApartmentsShiawassee2BR,2BA$0.96
517 W Shiawassee St517 W Shiawassee St2BR,1.5BA$0.80
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
522 N Walnut St, Unit Lower522 N Walnut St1BR,1BA$1.07
424 W Saginaw St424 W Saginaw St1BR,1BA$0.98
Holmes Flatz1 Bedroom/1 Bath1BR,1BA$1.08
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$1.00
Pennsylvania Flatz1 Bedroom/1 Bath1BR,1BA$1.07
927 W. Shiawassee St. #2-12A * 1BR1BR,1BA$1.07

Frequently Asked Questions about REO Town

What type of rentals are currently available in REO Town?

There are currently 230 Apartments for Rent in REO Town, MI with pricing that ranges from $475 to $4,250. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in REO Town ranging from $450 to $2,300.

What is the current price range for Rental Homes in REO Town?

Today's rental pricing for Homes for Rent, Condos and Townhomes in REO Town ranges from $450 to $2,300 with an average monthly rent of $1,271.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.