ZIP Code · MI

ZIP 48837

Part of Grand Ledge, MI

Pop. 19,947·Eaton County·109th most expensive ZIP in Michigan

Median rent (all units)

$1,356/mo

Year-over-Year

Stable

Month-over-Month

-18.5%

vs US Median

-$576

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 48837 · $1,356

More affordable than 83% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$920

1 BR

$960

2 BR

$1,200

3 BR

$1,540

4 BR+

$1,600

Research median

$1,200/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

What a typical income covers

30% of the median household income ($96,517) is $2,413 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,600).

From Zillow's monthly rent index (ZORI) for ZIP 48837. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,272/yr

At $1,356/mo median

Location

CityGrand Ledge

StateMI

CountyEaton County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (+0.0% YoY, -18.5% MoM), not inventory.

Demographics

Who lives here

ZIP 48837 (Grand Ledge, MI) is majority owner-occupied, has a large retiree population, has a median income above the national average, 40.7% of residents hold a bachelor's degree or higher.

Population

19,947

Median income

$96,517

Median age

44.3

Renters

18.1%

Age distribution

19.3%

18.1%

25.7%

15.3%

21.5%

Under 1819.3%

18–3418.1%

35–5425.7%

55–6415.3%

65+21.5%

Gender

50.2%

49.8%

Male50.2%

Female49.8%

Race & ethnicity

88.5%

White88.5%

Black2%

Hispanic4.4%

Asian1.2%

Other3.9%

Education (25+)

23.6%

33%

40.7%

No HS diploma2.7%

HS diploma23.6%

Some college33%

Bachelor's+40.7%

Housing tenure

81.9%

18.1%

Owner81.9%

Renter18.1%

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

2021 vs 2026

How ZIP 48837 in Grand Ledge, MI has changed in 5 years

Income

$85,527 → $96,517

up 12.8%

Population

20,536 → 19,947

down 2.9%

Renter share

19.2% → 18.1%

-1.1 pts

Bachelor's+

38.2% → 40.7%

+2.5 pts

Median age

42.5 → 44.3

+1.8 yrs

On the earnings side, the typical household in ZIP 48837 in Grand Ledge, MI now reports about $96,517, up from $85,527 in 2021. Census counts show ZIP 48837 in Grand Ledge, MI losing about 589 residents over the five-year window, down 2.9% on net. Bachelor's-degree-or-higher attainment moved from 38.2% to 40.7% across the same window.

Community

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Local insights

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About renting in ZIP 48837

Last updated: October 17, 2026

ZIP code 48837 covers Grand Ledge, MI. The median rent here is $1,356/mo as of October 2026. A 1-bedroom rents for a median of $960/mo. A 2-bedroom rents for a median of $1,200/mo.

At 17% of local median household income ($96,517/yr), ZIP 48837 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48837?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (about $26/hour full-time) to afford the median rent of $1,356/mo in ZIP 48837. The local median household income is $96,517/yr, so the typical household meets that bar.