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ZIP Code · MI

ZIP 48823

Pop. 50,034·Ingham County·119th most expensive ZIP in Michigan
Median rent (all units)
$1,267/mo
Year-over-Year
-0.3%
Month-over-Month
+6.9%
vs US Median
-$698
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 48823 · $1,267
More affordable than 88% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$15,204/yr
At $1,267/mo median
Location
StateMI
CountyIngham County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (-0.3% YoY, +6.9% 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

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Local insights

Tips for renters in ZIP 48823

About renting in ZIP 48823

Last updated: July 20, 2026

ZIP code 48823 covers East Lansing, MI. The median rent here is $1,267/mo as of July 2026. A 1-bedroom rents for a median of $1,160/mo. A 2-bedroom rents for a median of $1,450/mo.

At 29% of local median household income ($52,018/yr), ZIP 48823 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48823?

As of July 20, 2026, the median monthly rent in ZIP 48823 (East Lansing, MI) is $1,267. This is based on aggregated data from public sources and community submissions.

How does ZIP 48823 rent compare to the US average?

ZIP 48823's median rent of $1,267/mo is $698 (36%) below the US national median of $1,965/mo.

How does ZIP 48823 compare to other ZIPs in Michigan?

ZIP 48823 is among the more affordable ZIP codes in Michigan, ranking #119 out of 165 ZIPs at $1,267/mo.

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 $51,000/year (~$25/hour full-time) to afford the median rent of $1,267/mo in ZIP 48823. The local median household income is $52,018/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48823?

Rent in ZIP 48823 has been relatively stable over the past year, with a 0.3% change year over year as of July 20, 2026.

Is ZIP 48823 an affordable place to rent?

ZIP 48823 is considered affordable for renters. At $1,267/mo, rent takes approximately 29% of the local median household income ($52,018/yr). The standard benchmark is 30%. ZIP 48823 falls comfortably within that range.

What percentage of ZIP 48823 residents rent vs. own?

According to Census data, approximately 57.8% of ZIP 48823 households are renters, while 42.2% are owner-occupied. With a majority renter population, ZIP 48823 has a strong rental market.

How does ZIP 48823 compare to the rest of East Lansing?

ZIP 48823 is pricier than East Lansing as a whole. At $1,267/mo, it's $6 above the East Lansing citywide median of $1,261/mo.

When was rent data for ZIP 48823 last updated?

Rent data for ZIP 48823 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,267/mo, rent takes ~29% of ZIP 48823's median household income ($52,018/yr). The standard benchmark is 30%.

ZIP 48823 29%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48823 (East Lansing, MI)

Recent submissions

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