Cheap Homes for Rent in REO Town Neighborhood of Lansing, MI from $700 (22 Rentals)

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

property at 917 Seymour Ave

917 Seymour Ave

LansingMI48906

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.

Read Article

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

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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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

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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Frequently Asked Questions about REO Town

What type of rentals are currently available in REO Town?

There are currently 244 Apartments for Rent in REO Town, MI with pricing that ranges from $451 to $4,250. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in REO Town ranging from $750 to $99,999.

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 $750 to $99,999 with an average monthly rent of $2,488.

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.