Apartments in REO Town Lansing

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14
$900
5500 and 5550 Kaynorth Lansing, MI
2 BR | Available Now
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10
$879 - 929
3110 Ellen Ave Lansing, MI
2 BR | Available Now
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Heat Included
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1
$570 - 600
5531 Kaynorth St. Lansing, MI
2 BR | Available Now
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4
$615
5509 Joshua Lansing, MI
1 BR | Available Now
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7
$700 - 770
2509 Maplewood Ave Lansing, MI
1 BR | Available Now
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Lansing Eaton
11
$995
6529 Sommerset RD Lansing, MI
2 BR | Available Now
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399
$150 - 1,100
Lansing, MI
Studio | Available Now
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11
$825
Lansing, MI
1 BR | Available Now
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5
$899
707 E Mt Lansing, MI
2 BR | Available Now
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Section 8
Air Conditioning
$1,025
1804 Ada St Lansing, MI
3 BR | Available Now
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23
$670 - 1,210
900 Long Blvd. Lansing, MI
1 - 3 BR | Available Now
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Lansing:
May Rent Report

Welcome to the May 2024 Lansing Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Lansing rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Lansing and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Lansing average rent prices in the chart below.

Monthly Rent Report

$1,100
$830
$550
$280
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Lansing Rent Prices Decrease From April to May

Lansing rent prices decreased over the last month. From April to May, the city experienced a -0.23% decrease for the price of a one-bedroom apartment. The rent price for a Lansing one-bedroom apartments currently stands at $863.0.

When we take a look at the two-bedroom comparison from April to May, Lansing experienced a -1.26% decrease for the price of a two-bedroom apartment. The rent price for a Lansing two-bedroom apartments currently stands at $1,017.0.

May Prices: Lansing vs. Surrounding Areas

Holt, MI
DeWitt, MI
Okemos, MI
East Lansing, MI
Lansing, MI
Grand Ledge, MI
Haslett, MI
Cortland, NY
$1,152
$1,112
$1,056
$1,008
$865
$855
$786
$669
$0
$400
$800
$1,200
$1,600
Median 1 BR Rent

Rent Prices in Lansing and Surrounding Areas

Rent prices have decreased in Lansing over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 5 of the Lansing suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Cortland, NY, Okemos, MI, Haslett, MI, DeWitt, MI, Grand Ledge, MI .

  • Rent decreased in East Lansing, MI, Holt, MI.

  • 4 suburbs are currently priced higher than the city of Lansing.

  • 3 suburbs are currently priced lower than the city of Lansing.

May 2024 Pricing Trends: Lansing vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Lansing, MI
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$865
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Lansing Rent Prices More Affordable Than Major Cities

Rent growth in Lansing over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Lansing average rent prices appear to be relatively affordable for local residents.

The price for a Lansing one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Lansing and surrounding area rent prices, take a look at the complete data set below.

Data set for Lansing and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Lansing, MI $865.0 -0.69% $1,030.0 -1.25%
East Lansing, MI $1,008.0 -1.18% $1,217.0 1.50%
Cortland, NY $669.0 2.92% $1,638.0 0.49%
Okemos, MI $1,056.0 1.44% $1,161.0 -0.26%
Haslett, MI $786.0 1.29% $925.0 -0.11%
Holt, MI $1,152.0 -2.62% $973.0 -0.41%
DeWitt, MI $1,112.0 9.23% $1,115.0 3.15%
Grand Ledge, MI $855.0 0.59% $1,049.0 2.64%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.