
Cheap Homes for Rent in the REO Town Neighborhood of Lansing, MI from $800 (21 Rentals)
Search the lowest-cost Homes available for rent right now in the REO Town area of Lansing.


820 W Shiawassee St, Unit B- Upstairs

1016 N Capitol Ave

220 W Lapeer St

1018 N Pennsylvania Ave

2718 E Grand River Ave, Unit 1 BTR

534 Norman St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

917 Linden Grove Ave

225 martin luther jr Blvd, Unit Apt 2

600 W Hodge Ave

512 W Ionia St, Unit B

605 S Grand Ave

1010 N Pine St, Unit B

1006 Mahlon St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

831 N Chestnut St

427 Seymour Ave

321 Denver Ave

619 Cooper Ave

1226 Clark St

811 Summerville Ave

820 Middle St
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.
REO Town, Lansing, MI Local Guide

How much does it cost to rent a home in REO Town?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| REO Town 2 Bedroom Homes for Rent | $1,199 | $899 | $1,600 |
| REO Town 3 Bedroom Homes for Rent | $1,554 | $1,250 | $2,099 |
| REO Town 4 Bedroom Homes for Rent | $1,688 | $1,100 | $2,455 |
| REO Town 5 Bedroom Homes for Rent | $1,825 | $1,650 | $2,000 |
Browse Homes for Rent in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the REO Town Neighborhood of Lansing, MI.
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Best Value Homes for Rent in REO Town, MI
As of September 22, 2026 the best value rental home in the REO Town area is the $0.89 price per square foot 1028 N Cedar St Model at 1028 N Cedar St in the North Lansing neighborhood starting from $1,650. The second greatest value REO Town rental home is the 1004 Cleo St Model at 1004 Cleo St in the North Lansing neighborhood starting at $1,595 with a $1.16 price per square foot. Here is today’s list of the best values for REO Town homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1028 N Cedar St | 1028 N Cedar St | 3BR, 1BA | $0.89 |
| 1004 Cleo St | 1004 Cleo St | 3BR, 1.5BA | $1.16 |
| 506 N Sycamore St | 506 N Sycamore St | 3BR, 1BA | $1.21 |
| 1627 S Pennsylvania Ave | 1627 S Pennsylvania Ave | 2BR, 1BA | $1.54 |
| 601 Lathrop St | 601 Lathrop St | 3BR, 1BA | $1.36 |
| 1216 W Mt Hope Ave | 1216 W Mt Hope Ave | 2BR, 1BA | $1.34 |
| 322 Pere Marquette Dr, Unit 322 Pere Marquette | 322 Pere Marquette Dr | 3BR, 2BA | $1.78 |
| 1018 N Pennsylvania Ave | 1018 N Pennsylvania Ave | 2BR, 1BA | $1.20 |
Frequently Asked Questions about REO Town
What type of rentals are currently available in REO Town?
There are currently 247 Apartments for Rent in REO Town, MI with pricing that ranges from $479 to $4,250. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in REO Town ranging from $800 to $2,455.
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 $800 to $2,455 with an average monthly rent of $1,340.
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

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
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.