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

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

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.

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916 W Ottawa St
1 to 2 Bedroom Apartments

916 W Ottawa St

916 W Ottawa StLansing, MI 48915
  • Utilities Included
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Riverfront Towers
1 to 2 Bedroom Apartments

Riverfront Towers

601 N Cedar StLansing, MI 48912
Senior Living
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Walnut Flatz
1 to 2 Bedroom Apartments

Walnut Flatz

826 N Walnut StLansing, MI 48906

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.

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Chestnut Flatz
Studio to 1 Bedroom Apartments

Chestnut Flatz

1216 N Chestnut StLansing, MI 48906
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Ferris Park Apartments
1 to 2 Bedroom Apartments

Ferris Park Apartments

419 W Shiawassee StLansing, MI 48933
  • Utilities Included

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.

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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.

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Showing Results 1-29, Page 1 of 1

Walnut, Lansing, MI Local Guide

Cheapest Available Walnut Apartments for Rent

 

The cheapest available apartment rental in the Walnut area of Lansing, MI is a 2 Beds unit found at Abigail Senior priced from $479. Walnut Flatz has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Walnut apartments for rent in Lansing, MI:

Apartment ListingModel NameBed/BathPriced From
Abigail SeniorThe Gertrude 30%2BR,1BA$479
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$700
Reside 517 LLC1BR/1.0BA1BR,1BA$700
927 W. Shiawassee St. #2-12A * 1BR1BR,1BA$750
Shiawassee ApartmentsShiawassee Apartments - StudioStudio,1BA$750
Shiawassee Apartments1 BR / 1 Bath1BR,1BA$775
Capitol ParkThe One Bedroom1BR,1BA$807
Captain's Walk Apartments1 Beds, 1 Baths1BR,1BA$850
Ferris Park TowersEfficiencyStudio,1BA$871
Lansing Tower ApartmentsIoniaStudio,1BA$899

Best Value Apartments for Rent in Walnut, MI

As of August 02, 2026 the best value apartment in the Walnut area is the $0.82 price per square foot 609 Bluff St Model at 609 Bluff St in the in the North Lansing neighborhood starting from $1,400. The second greatest value Walnut apartment is the 3 Bed / 1 Bath Model at Willis Apartments starting at $1,213 with a $1.09 price per square foot in the North Lansing neighborhood. Here is today’s list of the best values for Walnut apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
609 Bluff St609 Bluff St3BR,1BA$0.82
Willis Apartments3 Bed / 1 Bath3BR,1BA$1.09
Abigail SeniorThe Bertha 60%2BR,1BA$1.15
435 N Pine St, Unit 2435 N Pine St2BR,1BA$1.20
Capitol ParkThe One Bedroom1BR,1BA$1.02
927 W. Shiawassee St. #2-12A * 1BR1BR,1BA$1.07
Walnut Flatz1 Bedroom/1 Bath1BR,1BA$1.00
Ferris Park TowersEfficiencyStudio ,1BA$1.27
1025 N Washington Ave1 Beds, 0.5 Baths1BR,0.5BA$1.50
Shiawassee Apartments1 BR / 1 Bath1BR,1BA$1.29

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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Walnut, Lansing, MI

Ranked #47

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Central Lansing, MI. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and the best outdoor access, kid and pet-friendly communities, availability of transit options, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Walnut Apartments

What is the Cheapest Studio apartment in Walnut?

Currently the most affordable Cheap Studio Apartment in Walnut is at Shiawassee Apartments listed at $750.

How much is rent for a Cheap One Bedroom Walnut Apartment?

The lowest price for a Cheap One Bedroom Walnut Apartment is $700 at Reside 517 LLC.

What is the lowest price for a Cheap Two Bedroom Walnut Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Walnut is starting from $479 at Abigail Senior.

What is the most affordable Walnut Three Bedroom Apartment?

The best deal on a cheap Walnut Three Bedroom Apartment rental is at Lansing Tower Apartments and starts from $1,200.

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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.