Cheap Homes for Rent in REO Town Neighborhood of Lansing, MI from $700 (17 Rentals)

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

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.

property at 427 Seymour Ave

$895 - $1,300

1 To 2 Bedroom Rentals

Available Now

427 Seymour Ave

LansingMI48933

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.

property at 1007 Mahlon St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Home for Rent

Available Jun 15

1007 Mahlon St

LansingMI48906
property at 508 N Foster Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

508 N Foster Ave

LansingMI48912

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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.

property at 701 W Holmes Rd

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

3 Bedroom, 1 Bath Home for Rent

Available Now

701 W Holmes Rd

LansingMI48910

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. Chestnut Flatz has the second lowest priced unit, which is a Studio apartment currently listed from $625. 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
Chestnut FlatzStudioStudio,1BA$625
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 March 22, 2026 the best value apartment in the REO Town area is the $0.78 price per square foot 220 W Oakland Ave Model at 220 W Oakland Ave in the in the North Lansing neighborhood starting from $1,250. The second greatest value REO Town apartment is the The Grace 60% Model at Abigail Senior starting at $925 with a $0.89 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.
220 W Oakland Ave220 W Oakland Ave3BR,1BA$0.78
Abigail SeniorThe Grace 60%2BR,1BA$0.89
Brentwood ApartmentsBrentwood Apartments - Two Bedroom *FREE FIRST ...2BR,1BA$1.08
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Pacific FlatzB1. 2 Bedroom/1 Bath2BR,1BA$1.06
Capitol ParkThe One Bedroom1BR,1BA$1.02
1010 W Ionia St, Unit 1010 West Ionia1010 W Ionia St1BR,1BA$0.93
Holmes Flatz1 Bedroom/1 Bath1BR,1BA$1.07
Pennsylvania Flatz1 Bedroom/1 Bath1BR,1BA$1.00
Chestnut FlatzStudioStudio ,1BA$0.89

Frequently Asked Questions about REO Town

What type of rentals are currently available in REO Town?

There are currently 249 Apartments for Rent in REO Town, MI with pricing that ranges from $475 to $4,250. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in REO Town ranging from $790 to $2,800.

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 $790 to $2,800 with an average monthly rent of $1,605.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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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.