Metro Place Apartments
301 W Lenawee St,
Lansing, MI 48933
Studio - 2 Beds | $1,160 - $2,480
Rental Market Trends in Lansing, MI
What is the average rent in Lansing, MI?
$959/month
Average Rent
650 Sq Ft
Average Apartment Size
+3.2%
Increase in the Last Year
As of December 2024, the average rent in Lansing, MI is $959 per month. This is 39% lower than the national average rent of $1,560/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 $891 per month for a studio, $959 for a one-bedroom apartment, and around $1,161 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,413 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 3.2%, which averages out to $31 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 December 2024
Legend
2023
2024
Rent Ranges in Lansing, MI
Last Updated December 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
21%
Below $700/month
42%
$700 - $1,000/month
29%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
1%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lansing?
Based on current rent prices, Fabulous Acres, Northwestside and Old Forest 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 Northtown 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 $959, you’ll want to make about $3,196 per month or $38,352 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.
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
-
$1,100/month
One Bedroom
$850/month
$1,300/month
Two Bedroom
$1,106/month
$1,506/month
Three Bedroom
-
-
Nearby City Rent Trends
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Princeton Management
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Gillespie Group
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11
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1,111
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7
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Village Green
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177
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LR Management
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60
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Methodology
† 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.
* Percentages may not total 100 due to rounding.