Homes & Apartments for Rent in 48906

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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 June 2026, Lansing's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Lansing's average rent is 19.2% ($274) lower than the Michigan average of $1,429 and 35.7% ($642) lower than the U.S. average of $1,797.

Average Rent
$1,155
Monthly ChangeMonth Over Month Change
Increased3.1% ($35)
Yearly ChangeYear Over Year Change
Increased3.5% ($39)
Avg. Days on MarketAverage Days on Market
41
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,077 Increased4.8% ($49) Increased6.5% ($66)
2 Beds $1,213 Increased3.8% ($44) Increased4.2% ($49)
3 Beds $1,481 Increased1.9% ($27) Increased3.6% ($51)
Nearby Cities Average Rent Avg. Rent vs. LansingAverage Rent vs. Lansing Avg. Days on MarketAverage Days on Market
East Lansing $1,614 Increased39.7% ($459) 41 days
Holt $991 Decreased14.2% ($164) 41 days
Okemos $1,386 Increased20% ($231) 41 days
Dewitt $1,470 Increased27.3% ($315) 39 days
Haslett $996 Decreased13.8% ($159) 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.

The average rent in Lansing, MI is $1,155 per month.
Homes in Lansing typically rent for between $754 and $1,925 per month, with an average of $1,155 per month.
In Lansing, the average rent for a 1-bedroom home is $1,077 per month, for a 2-bedroom home, $1,213 per month, and a 3-bedroom home is $1,481 per month.
The average rent in Lansing is 35.7% ($642) lower than the national average of $1,797 per month.
The average rent in Lansing has increased by 3.1% ($35) in the last month and increased by 3.5% ($39) over the past year.
The rental market in Lansing, MI, is currently stable, offering a predictable rental market where most units lease within a few weeks.
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.
There are currently 111 rental properties available in Lansing, MI.
Based on the current averages, a household would need an annual income of $48,520 to comfortably afford a 2-bedroom home in Lansing.
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