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ZIP Code · MI

ZIP 48837

Pop. 19,947·Eaton County·86th most expensive ZIP in Michigan
Median rent (all units)
$1,443/mo
Year-over-Year
Stable
Month-over-Month
+4.2%
vs US Median
-$522
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 48837 · $1,443
More affordable than 77% of US ZIP codes · National median $1,965/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: May 18, 2026

Annual cost
$17,316/yr
At $1,443/mo median
Location
StateMI
CountyEaton County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +4.2% 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

Tips for renters in ZIP 48837

About renting in ZIP 48837

Last updated: May 18, 2026

ZIP code 48837 covers Grand Ledge, MI. The median rent here is $1,443/mo as of May 2026. A 1-bedroom rents for a median of $960/mo. A 2-bedroom rents for a median of $1,200/mo.

At 18% 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 is rent in ZIP code 48837?

As of May 18, 2026, the median monthly rent in ZIP 48837 (Grand Ledge, MI) is $1,443. This is based on aggregated data from public sources and community submissions.

How does ZIP 48837 rent compare to the US average?

ZIP 48837's median rent of $1,443/mo is $522 (27%) below the US national median of $1,965/mo.

How does ZIP 48837 compare to other ZIPs in Michigan?

ZIP 48837 falls in the middle range for Michigan, ranking #86 out of 167 ZIPs at $1,443/mo.

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 $58,000/year (~$28/hour full-time) to afford the median rent of $1,443/mo in ZIP 48837. The local median household income is $96,517/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48837?

Rent in ZIP 48837 has been relatively stable over the past year, with a 0.0% change year over year as of May 18, 2026.

Is ZIP 48837 an affordable place to rent?

ZIP 48837 is considered very affordable for renters. At $1,443/mo, rent takes approximately 18% of the local median household income ($96,517/yr). The standard benchmark is 30%. ZIP 48837 falls comfortably within that range.

What percentage of ZIP 48837 residents rent vs. own?

According to Census data, approximately 18.1% of ZIP 48837 households are renters, while 81.9% are owner-occupied. ZIP 48837 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48837 compare to the rest of Grand Ledge?

ZIP 48837 sits right at the Grand Ledge citywide median of $1,443/mo.

When was rent data for ZIP 48837 last updated?

Rent data for ZIP 48837 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $1,443/mo, rent takes ~18% of ZIP 48837's median household income ($96,517/yr). The standard benchmark is 30%.

ZIP 48837 18%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48837 (Grand Ledge, MI)

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