Lansing, MI Rental Market
Lansing is Michigan's state capital and home to Michigan State University (one of the largest land-grant universities in the US), which together provide a dual anchor of government and academic employment. Sparrow Health System and McLaren Greater Lansing support a large healthcare worker tenant base. The combination of low home values, stable government employment, and MSU enrollment creates a reliable cash-flow market for investors.
Get a rent estimate for an address in LansingAverage Rent in Lansing, MI
$1,020
per month · 2026-06
Market Score
Key Facts — Lansing, MI Rental Market
- Average rent in Lansing, MI:$1,020/mo
- Median rent:$938/mo
- Rent range:$500 – $2,250/mo
- Most common rental (2 bedrooms):$900/mo
- Active listings:620
- Avg days to lease:36 days
- Year-over-year change:+2.8%
- Median home value:$170,000
- Est. gross annual yield:7.2%
- Data as of:2026-06
Rent by Bedroom in Lansing, MI
Average monthly rent for each bedroom type based on current active listings in Lansing.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $725/mo |
2 Bedrooms | $900/mo |
3 Bedrooms | $1,150/mo |
4 Bedrooms | $1,400/mo |
5 Bedrooms | $1,600/mo |
Lansing Rental Market Statistics
Key indicators from the current Lansing, MI rental market.
620
Available now in Lansing
36
From list to lease
$0.81
Average across listings
1,255 sq ft
Typical rental size
$500 – $2,250
Min to max active listings
+2.8%
Avg rent vs. prior year
Investing in Lansing, MI Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$170,000
Typical purchase price in Lansing
Est. Gross Annual Yield
7.2%
Before expenses & vacancy
Avg Monthly Income
$1,020
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Lansing for a full cash-flow breakdown including all costs.
Lansing, MI Rental Market FAQ
Common questions about renting and investing in Lansing, MI.
What is the average rent in Lansing, MI?
The average rent in Lansing, MI is $1,020 per month as of 2026. One-bedroom apartments average $725/mo, two-bedrooms $900/mo, and three-bedroom homes $1,150/mo. East Lansing, adjacent to MSU, commands above-average rents driven by student demand.
Is Lansing, MI a good place to invest in rental property?
Lansing offers a 7.2% estimated gross annual yield with dual anchors of state government and Michigan State University. Low median home values (~$170,000) make entry accessible, and the stable public-sector employment base reduces vacancy risk compared to manufacturing-dependent markets.
How competitive is the Lansing, MI rental market?
Lansing averages 36 days on market with approximately 620 active listings. East Lansing properties within the MSU commuter belt are competitive year-round. The broader Lansing market is moderately paced, with government and healthcare workers providing steady baseline demand throughout the year.
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