Cheap Apartments for Rent in the River Forest Neighborhood of Lansing, MI from $400 (29 Rentals)

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

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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.

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Showing Results 1-29, Page 1 of 1

Cheapest Available River Forest Apartments for Rent

 

The cheapest available apartment rental in the River Forest area of Lansing, MI is a 1 Bed unit found at Colonial Place Apartments priced from $750. Reside 517 LLC has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable River Forest apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$750
Reside 517 LLC1BR/1.0BA1BR,1BA$750
Shiawassee Apartments LLC (723 W Shiawassee, LLC)Shiawassee Apartments - StudioStudio,1BA$750
Delta Park1 Bedroom 1 Bath1BR,1BA$775
Shiawassee Apartments1 BR / 1 Bath1BR,1BA$775
Westbay Club ApartmentsOne Bedroom Garden1BR,1BA$845
Cherry HillStudioStudio,1BA$850

Best Value Apartments for Rent in River Forest, MI

As of April 22, 2026 the best value apartment in the River Forest 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 River Forest apartment is the The Arbaugh - Two Bedroom Apartment Model at The Arbaugh starting at $1,355 with a $1.20 price per square foot in the Downtown Lansing neighborhood. Here is today’s list of the best values for River Forest 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
The ArbaughThe Arbaugh - Two Bedroom Apartment2BR,1BA$1.20
Abigail SeniorThe Grace 60%2BR,1BA$0.89
The "Wave"Two Bedroom Premium2BR,1BA$1.08
Colonial Place Apartments1 BR / 1 Bath1BR,1BA$0.83
Green Oaks Apartments2 BR / 1 Bath2BR,1BA$1.12
731 N Sycamore St, Unit 731.5731 N Sycamore St2BR,1BA$1.11
Delta Park2 Bedroom 1 Bath2BR,1BA$1.20
522 N Walnut St, Unit Lower522 N Walnut St1BR,1BA$1.16
Reside 517 LLC1BR/1.0BA1BR,1BA$1.25

Frequently Asked Questions about Cheap River Forest Apartments

What is a cheap apartment in River Forest?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in River Forest is under $850.

What is the price of a cheap apartment in River Forest?

The cheapest apartment in River Forest is Colonial Place Apartments which is listed at $750, while the average apartment in River Forest costs $1,577.

What types of apartments are the cheapest in River Forest?

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 15 regular apartments in River Forest 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 River Forest?

Cheap apartments in River Forest have an average cost of $217 which is $1,360 cheaper than the average rent for all rentals in River Forest.

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 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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.