Elevation
3595 Jolly Oak Rd,
Okemos, MI 48864
Studio - 3 Beds | $1,399 - $2,861
Rental Market Trends in Lansing, MI
What is the average rent in Lansing, MI?
$980/month
Average Rent
651 Sq Ft
Average Apartment Size
+3%
Increase in the Last Year
As of May 2025, the average rent in Lansing, MI is $980 per month. This is 40% lower than the national average rent of $1,625/month, making renting in Lansing more affordable than most cities in the US. When you rent an apartment in Lansing, you can expect to pay about $878 per month for a studio, $980 for a one-bedroom apartment, and around $1,195 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,459 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lansing, MI?
In the past year, rent has increased by 3%, which averages out to $30 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated May 2025
Legend
2024
2025
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lansing?
Based on current rent prices, Old Forest, Waverly Park and Kensington Meadows are the most affordable neighborhoods in Lansing.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lansing?
Based on current rent prices, Fairview Area, Eastfield and Oak Park are the most expensive neighborhoods in Lansing.
Neighborhood
Average Rent
Average Sq Ft
Which Lansing neighborhoods have the most rentals available?
The neighborhoods in Lansing with the most apartments available are Downtown Lansing, Southeast Lansing and Delta Township .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lansing, MI?
Because the average rent in Lansing is $980, you’ll want to make about $3,266 per month or $39,192 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Lansing, MI is 8.8% lower than the national average. Generally, housing in Lansing is 17.9% less expensive than the national average, with rent falling between $878 - $1,459. You can expect to pay 11.5% less for groceries, 2.6% more for utilities, and 6.1% more for transportation.
How does Lansing, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Lansing, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$700/month
$1,100/month
One Bedroom
$800/month
$1,314/month
Two Bedroom
$950/month
$1,569/month
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Lansing we think you'll love
Property Management Companies in Lansing, MI
DTN Management
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41
Communities
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6,218
Units
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20
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10 Communities in Lansing
MTH Management
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57
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2,902
Units
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35
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7 Communities in Lansing
Edward Rose & Sons
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141
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70,987
Units
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86
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4 Communities in Lansing
BEZTAK Properties
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110
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24,708
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60
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4 Communities in Lansing
Princeton Management
-
118
Communities
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20,407
Units
-
59
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4 Communities in Lansing
Greystar
-
3,265
Communities
-
907,672
Units
-
842
Cities
3 Communities in Lansing
Village Green
-
173
Communities
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37,260
Units
-
102
Cities
3 Communities in Lansing
LR Management
-
63
Communities
-
14,162
Units
-
39
Cities
3 Communities in Lansing
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.