ZIP Code · MI

ZIP 48823

Part of East Lansing, MI

Pop. 50,034·Ingham County·30th most expensive ZIP in Michigan

Median rent (all units)

$1,850/mo

Year-over-Year

+4.2%

Month-over-Month

+0.3%

vs US Median

-$82

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 48823 · $1,850

More expensive than 52% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,110

1 BR

$1,160

2 BR

$1,450

3 BR

$1,860

4 BR+

$1,920

Research median

$1,450/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Michigan

Rent in ZIP 48823 changed +4.2% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.

Recent direction

Rent has risen 7 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($52,018) is $1,300 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,160); a 2-bedroom is $1,450.

Cheaper nearby

ZIP 48912, 4 miles away, rents for 34% less ($1,223/mo), about $7,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48823. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,200/yr

At $1,850/mo median

Location

CityEast Lansing

StateMI

CountyIngham County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.2% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 48823 (East Lansing, MI) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 63.1% of residents hold a bachelor's degree or higher.

Population

50,034

Median income

$52,018

Median age

24.1

Renters

57.8%

Age distribution

13.3%

51.3%

15.1%

13.1%

Under 1813.3%

18–3451.3%

35–5415.1%

55–647.2%

65+13.1%

Gender

49.7%

50.3%

Male49.7%

Female50.3%

Race & ethnicity

71.9%

White71.9%

Black7.6%

Hispanic6.1%

Asian8.6%

Other5.7%

Education (25+)

14.1%

20.8%

63.1%

No HS diploma2.1%

HS diploma14.1%

Some college20.8%

Bachelor's+63.1%

Housing tenure

42.2%

57.8%

Owner42.2%

Renter57.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 48823 in East Lansing, MI has changed in 5 years

Income

$47,128 → $52,018

up 10.4%

Population

51,481 → 50,034

down 2.8%

Renter share

55.9% → 57.8%

+1.9 pts

Bachelor's+

65% → 63.1%

-1.9 pts

Household income in the area moved from $47,128 to $52,018 across the same window, up 10.4% versus 2021. Census counts show ZIP 48823 in East Lansing, MI losing about 1,447 residents over the five-year window, down 2.8% on net. The renter share has risen from 55.9% to 57.8%, with owner-occupied housing accounting for the remainder.

Community

Discussions about ZIP 48823

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Local insights

Tips for renters in ZIP 48823

About renting in ZIP 48823

Last updated: October 17, 2026

ZIP code 48823 covers East Lansing, MI. The median rent here is $1,850/mo as of October 2026. A 1-bedroom rents for a median of $1,160/mo. A 2-bedroom rents for a median of $1,450/mo.

At 43% of local median household income ($52,018/yr), ZIP 48823 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48823?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (about $36/hour full-time) to afford the median rent of $1,850/mo in ZIP 48823. The local median household income is $52,018/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 48823?

Rent in ZIP 48823 has risen 4.2% over the past year.

How does ZIP 48823 compare to other ZIPs in Michigan?

ZIP 48823 is one of the pricier among Michigan ZIP codes for rent, ranking #30 of 168 at $1,850/mo. Over the year to September 2026, rent in ZIP 48823 changed +4.2%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.