Apartments & Homes for Rent in 48906

Apartment for rent at 915 N Walnut St #1, Lansing, MI 48906

Live in beautiful downtown Lansing and make 915 N Walnut St #1, Lansing, MI 48906 you new home. This two bed, one bathroom apartment has a private entrance located on the first floor of the building with it's own private patio. It rents for $850 per month with an $850 security deposit. This apartment is within walking distance of the State Capitol and government offices. You will also be just minutes away from Golden Harvest, Olympic Broil, Meat Bbq, Lansing Brewing, El Azteco, Comstock Park, Quality Dairy, Family Dollar and the bus line.

Apartment for rent at 917 Seymour Ave #2, Lansing, MI 48906

Featured

Managed by Capitol Management

$850

Apartment2 Beds1 Bath850 ft²

917 Seymour Ave #2

Lansing, MI 48906

2-Bedroom Apartment in Downtown Lansing. Location: 917 Seymour St. Unit: Upper-Level, Two Bedroom. Looking for a charming place in the heart of Lansing? This smaller, upper-level 1-bedroom apartment is perfect for those who want a cozy space with all the essentials. Comfortable bedroom for restful nightsBright living area with a homey feelFunctional kitchen and bathroom for your daily needs. Located in an older, four-unit building, this apartment offers vintage charm and the convenience of downtown living. Enjoy quick access to shops, restaurants and all the city's best spots. Affordable and available now. Pet Details: Pet Policy.

Featured

Managed by Capitol Management

$800

Apartment1 Bed1 Bath700 ft²

1016 N Capitol Ave #1

Lansing, MI 48906

For Rent: Spacious 1-Bedroom Apartment in Downtown Lansing. Location: Lower-Level Unit in a Four-Unit House. Rent: $825/month + electric (heat and water included) This charming, older 1-bedroom apartment offers plenty of space and character in a prime downtown location. The unit features: Original hardwood flooring that adds warmth and charmIncludes refrigerator, stove and dishwasher for convenienceLocated in a four-unit house, providing a cozy and unique living experience. Enjoy the perks of downtown living with easy access to shops, dining and entertainment. Heat and water are included-just $825/month plus electric. Pet Details: Pet Policy.

Managed by Capitol Management

$750

Apartment1 Bed1 Bath475 ft²

917 Seymour Ave #3

Lansing, MI 48906

Cozy 1-Bedroom Apartment in Downtown Lansing. Location: 917 Seymour St. Unit: Upper-Level, One Bedroom. Looking for a charming place in the heart of Lansing? This smaller, upper-level 1-bedroom apartment is perfect for those who want a cozy space with all the essentials. Comfortable bedroomBright living area with a homey feelFunctional kitchen and bathroom for your daily needs. Located in an older, four-unit building, this apartment offers the convenience of downtown living. Enjoy quick access to shops, restaurants and all the city's best spots. Pet Details: Pet Policy. We welcome both cats and dogs in our apartment.

Updated - this week

Managed by TMF Properties

$825

Apartment1 Bed1 Bath

727 N Capitol Ave #209

Lansing, MI 48906

This studio in the Dean Heritage apartment building is on the 2nd floor and boasts plenty of natural light. Walk into the front door to the unit which leads you to the open living space. To the right you will see the cozy eating area which leads into the kitchen. The cozy unit is situated close to many restaurants, transit and parks. With original hardwood floors and large windows, this space offers a lot of character. The building offers on-site laundry, a bike room, courtyard and on-site parking. Welcome to The Dean Apartments.

Featured

Managed by Mike Brooks

$1,400

House3 Beds1 Bath864 ft²

1503 E Saginaw St

Lansing, MI 48906

New Photos Coming Soon - Property Undergoing Renovations - Getting Fresh Paint And Lvp Flooring. 3-bedroom 1-bath ranch on a slab (no basement). Located on the corner of E Saginaw and Maryland. Close to Frandor, Eastwood and MSU. Fresh paint and brand new Lvp flooring throughout. Spacious eat-in kitchen. Large, bright living room. Spacious bedrooms with ceiling fans. Utility room with washer/dryer hook-up. Pet friendly. $300 non-refundable pet fee. $25 monthly pet fee. Tenant pays all utilities. Tenant is responsible for lawn and snow maintenance. $40 non-refundable screening fee per applicant over the age of 18.

Updated - yesterday

Managed by DPMG Prime

$1,395

House3 Beds1 Bath

2814 Vermont

Lansing, MI 48906

Welcome to 2814 Vermont St. Lansing, MI 48906. This 3 Bed/1 Bath house is in a very quiet, rural neighborhood on the beautiful Grand River. It features a cute yard, garage, first floor laundry and a shared green space across the street with river access and a fire pit. Pet friendly. $1,395 /month + Utilities. Tenant is Not responsible for lawn care. $55 application fee per adult 18+. $1,395 security deposit. Check out the 3D virtual tour. Pet Friendly.

Updated - this week

Managed by GL Home

$785

Apartment1 Bed1 Bath

724 N Walnut St #2

Lansing, MI 48906

Unit 2 - Cozy One Bedroom Unit Near Downtown. $785/month rent. 1-bedroom 1-bathroom. Refrigerator, Stove and Oven. Washer & Dryer on-site. One off-street parking space. No pets allowed. This spacious 1-bedroom unit features brand-new carpet and flooring, offering a clean and modern feel. With plenty of natural light, it creates a warm and inviting atmosphere. Conveniently located near downtown, you'll have easy access to shopping, dining and public transportation. Utilities: $195/month for all utilities. Total: $980/month (Saving you the hassle of setting up separate utility accounts).

Managed by Capitol Management

$750

Apartment1 Bed1 Bath500 ft²

1016 N Capitol Ave #3

Lansing, MI 48906

Cozy 1-Bedroom Apartment in Downtown Lansing. Location: Upper-Level Unit in a Four-Unit Building. Rent: $795/month + electric (heat and water included) This charming, smaller 1-bedroom apartment is located in an older building right in the heart of downtown Lansing. It features: Brand new carpet throughout the unitCozy living space perfect for one person or a coupleLocated in a quiet, historic four-unit building. With heat and water included, this apartment offers great value at just $795/month plus electric. Don't miss your chance to live in a convenient downtown location close to shops and restaurants. Contact us today to schedule a tour.

Managed by CheeverFam1

$1,500

House3 Beds1 Bath

407 W Oakland Ave

Lansing, MI 48906

Section 8 Accepted: Beautiful home. This spacious home features a brand-new roof (2024), a recently installed furnace and fresh paint throughout. Pictures coming soon.

Featured

Managed by Capitol Management

$950

Apartment1 Bed1 Bath550 ft²

801 N Capitol Ave #1

Lansing, MI 48906

Stunning Remodeled Apartment at 801 North Capitol. Experience the best of downtown living in Lansing with this beautifully remodeled apartment at 801 North Capitol. Nestled in a charming four-unit building, this apartment boasts brand new laminate hardwood flooring throughout and all-new stainless steel appliances. The space is bright, spacious and designed with modern living in mind. Key Features: Newly remodeled with contemporary finishesBrand new stainless steel appliancesElegant laminate hardwood flooring throughoutBright and spacious interiors. Location Highlights: Conveniently located in downtown LansingClose to shopping, dining and entertainment optionsEasy access to public transportation.

Managed by MTH Management

$1,225

Apartment2 Beds1 Bath

4221 N Grand River Ave

Lansing, MI 48906

Welcome to Skyline Apartments, presented by Mth Management. We have several units available for lease. For more information and to schedule a showing, please contact us. A/c, Oven, Range, Refrigerator, Parking, Laundry On-Site & Heat / Water / Sewer / Trash.

New - this week

Managed by GL Home

$790

Apartment1 Bed1 Bath

724 N Walnut St #3

Lansing, MI 48906

Unit 3 - Cozy One Bedroom Unit Near Downtown. $790/month rent. 1-bedroom 1-bathroom. Refrigerator, Stove and Oven. Washer & Dryer on-site. One off-street parking space. No pets allowed. This spacious 1-bedroom unit features brand-new carpet and flooring, offering a clean and modern feel. With plenty of natural light, it creates a warm and inviting atmosphere. Conveniently located near downtown, you'll have easy access to shopping, dining and public transportation. Utilities: $195/month for all utilities. Total: $985/month (Saving you the hassle of setting up separate utility accounts).

Managed by Capitol Management

$625

Apartment1 Bed1 Bath400 ft²

917 Seymour Ave #4

Lansing, MI 48906

Affordable Studio Apartment in Downtown Lansing - $625. Looking for a cozy and affordable place near Old Town and Lansing Community College? This studio apartment is located in a charming, older four-unit home in downtown Lansing, offering convenience and comfort at an unbeatable price. Apartment Features: Rent: $625/month. Utilities Included: Water, heat and trash (tenant pays only electric) Location: Close to Lcc, Old Town, restaurants and shopping. Size: Studio.

Viewing 1-14 of 14 rentals in 48906

What to Know About

Living in 48906

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

Lansing, MI

As of May 2025, Lansing's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Lansing's average rent is 15.5% ($211) lower than the Michigan average of $1,363 and 35.8% ($641) lower than the U.S. average of $1,793.

Average Rent

$1,152

Monthly ChangeMonth Over Month Change

1.5% ($17)

Yearly ChangeYear Over Year Change

8.1% ($86)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,080	2.4% ($27)	22.2% ($196)
2 Beds	$1,201	18% ($263)	7.5% ($84)
3 Beds	$1,455	22.4% ($420)	1.8% ($27)

Nearby Cities	Average Rent	Avg. Rent vs. LansingAverage Rent vs. Lansing	Avg. Days on MarketAverage Days on Market
East Lansing	$1,629	41.4% ($477)	41 days
Holt	$858	25.5% ($294)	41 days
Okemos	$1,139	1.1% ($13)	41 days
Dewitt	$1,393	20.9% ($241)	39 days
Haslett	$1,026	10.9% ($126)	41 days

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Lansing Rental Market FAQs

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

What is the average rent in Lansing, MI?

The average rent in Lansing, MI is $1,152 per month.

What is the rental price range for homes in Lansing, MI?

Homes in Lansing typically rent for between $756 and $1,892 per month, with an average of $1,152 per month.

What is the average rent for different bedroom sizes in Lansing, MI?

In Lansing, the average rent for a 1-bedroom home is $1,080 per month, for a 2-bedroom home, $1,201 per month, and a 3-bedroom home is $1,455 per month.

How do rent prices in Lansing, MI compare with the national average?

The average rent in Lansing is 35.8% ($641) lower than the national average of $1,793 per month.

How have rent prices in Lansing, MI changed recently?

The average rent in Lansing has decreased by 1.5% ($17) in the last month and increased by 8.1% ($86) over the past year.

How competitive is the rental market in Lansing, MI?

The rental market in Lansing, MI, is currently stable, offering a predictable rental market where most units lease within a few weeks.

How long do rentals stay on the market in Lansing, MI?

In 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.

How many rental properties are available in Lansing, MI?

There are currently 122 rental properties available in Lansing, MI.

Can I afford to rent a home in Lansing, MI?

Based on the current averages, a household would need an annual income of $48,040 to comfortably afford a 2-bedroom home in Lansing.

Living in 48906

Lansing, MI

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