Homes for Rent in 48823

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What to Know About

Living in 48823

Lansing, the capital of Michigan, is a vibrant city with a unique cultural scene. Some of its most famous attractions include the Michigan State Capitol, the Impression 5 Science Center, Michigan Historical Museum, Lansing Symphony Orchestra, the Potter Park Zoo, and Wharton Center for Performing Arts. In addition, the city is home to Michigan State University, one of the largest universities in the country, and Lansing Community College, both offering top-notch academic programs. Lansing's diverse economy includes government, education, healthcare, and manufacturing.

Take in the city's fresh air and natural beauty at River Trail, the Fenner Nature Center, and Hawk Island Park. Plenty of shopping and dining options exist, including the Lansing City Market and the Old Town neighborhood. Additionally, Lansing is home to various fantastic annual events you will want to attend, such as the Michigan BluesFest, the Common Ground Music Festival, and the Greater Lansing Food Truck and Craft Beer Festival.

Lansing is a great place to live for those looking for a diverse and welcoming community with plenty of opportunities for entertainment, education, and employment.

Rental Market Trends

East Lansing, MI

As of May 2025, East Lansing's rental market is stable, offering a predictable rental market where most units lease within a few weeks. East Lansing's average rent is 19.5% ($266) higher than the Michigan average of $1,363 and 9.1% ($164) lower than the U.S. average of $1,793.

Average Rent
$1,629
Monthly ChangeMonth Over Month Change
Increased2.6% ($42)
Yearly ChangeYear Over Year Change
Increased9.8% ($146)
Avg. Days on MarketAverage Days on Market
41
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,222 Increased3.6% ($42) Increased7.2% ($82)
2 Beds $1,657 Increased6.1% ($96) Increased15.1% ($217)
3 Beds $2,053 Increased2.8% ($55) Increased7.4% ($141)
Nearby Cities Average Rent Avg. Rent vs. East LansingAverage Rent vs. East Lansing Avg. Days on MarketAverage Days on Market
Okemos $1,139 Decreased30.1% ($490) 41 days
Lansing $1,152 Decreased29.3% ($477) 28 days
Haslett $1,026 Decreased37% ($603) 41 days
Holt $858 Decreased47.3% ($771) 41 days
Dewitt $1,393 Decreased14.5% ($236) 39 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
East Lansing Rental Market FAQs

Explore rental prices, market trends, and availability in East Lansing, MI.

The average rent in East Lansing, MI is $1,629 per month.
Homes in East Lansing typically rent for between $855 and $2,669 per month, with an average of $1,629 per month.
In East Lansing, the average rent for a 1-bedroom home is $1,222 per month, for a 2-bedroom home, $1,657 per month, and a 3-bedroom home is $2,053 per month.
The average rent in East Lansing is 9.1% ($164) lower than the national average of $1,793 per month.
The average rent in East Lansing has increased by 2.6% ($42) in the last month and increased by 9.8% ($146) over the past year.
The rental market in East Lansing, MI, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In East Lansing, MI, the average rental stays on the market for approximately 41 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 21 rental properties available in East Lansing, MI.
Based on the current averages, a household would need an annual income of $66,280 to comfortably afford a 2-bedroom home in East Lansing.
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