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ZIP Code · MI

ZIP 48906

Part of Lansing, MI
Pop. 25,901·Ingham County·135th most expensive ZIP in Michigan
Median rent (all units)
$1,212/mo
Year-over-Year
+12.6%
Month-over-Month
-5.2%
vs US Median
-$753
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 48906 · $1,212
More affordable than 91% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$970
1 BR
$1,010
2 BR
$1,270
3 BR
$1,630
4 BR+
$1,680
Research median
$1,270/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
$14,544/yr
At $1,212/mo median
Location
StateMI
CountyIngham County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (12.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+12.6% YoY, -5.2% MoM), not inventory.
Demographics

Who lives here

ZIP 48906 (Lansing, MI) is majority owner-occupied, has a median income below the national average, 29.2% of residents hold a bachelor's degree or higher.

Population
25,901
Median income
$64,315
Median age
35.8
Renters
30.7%
Age distribution
24%
25.1%
22.4%
12.8%
15.8%
Under 1824%
18–3425.1%
35–5422.4%
55–6412.8%
65+15.8%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
64.3%
14.5%
White64.3%
Black14.5%
Hispanic9.9%
Asian2.9%
Other8.5%
Education (25+)
27%
34.9%
29.2%
No HS diploma8.9%
HS diploma27%
Some college34.9%
Bachelor's+29.2%
Housing tenure
69.3%
30.7%
Owner69.3%
Renter30.7%

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

2021 vs 2026

How ZIP 48906 in Lansing, MI has changed in 5 years

Income
$53,125 → $64,315
up 21.1%
Population
26,627 → 25,901
down 2.7%
Renter share
34.1% → 30.7%
-3.4 pts
Bachelor's+
25.1% → 29.2%
+4.1 pts
Median age
35.2 → 35.8
+0.6 yrs

Median household income climbed from $53,125 to $64,315 between 2021 and 2024, a 21.1% shift. Census counts show ZIP 48906 in Lansing, MI losing about 726 residents over the five-year window, down 2.7% on net. The renter share has eased from 34.1% to 30.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 25.1% to 29.2% across the same window.

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Local insights

Tips for renters in ZIP 48906

About renting in ZIP 48906

Last updated: July 20, 2026

ZIP code 48906 covers Lansing, MI. The median rent here is $1,212/mo as of July 2026. A 1-bedroom rents for a median of $1,010/mo. A 2-bedroom rents for a median of $1,270/mo.

At 23% of local median household income ($64,315/yr), ZIP 48906 ranks as affordable compared to the national benchmark of 30%. Rents have increased 12.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 48906?

As of July 20, 2026, the median monthly rent in ZIP 48906 (Lansing, MI) is $1,212. This is based on aggregated data from public sources and community submissions.

How does ZIP 48906 rent compare to the US average?

ZIP 48906's median rent of $1,212/mo is $753 (38%) below the US national median of $1,965/mo.

How does ZIP 48906 compare to other ZIPs in Michigan?

ZIP 48906 is among the more affordable ZIP codes in Michigan, ranking #135 out of 165 ZIPs at $1,212/mo.

How much income do you need to rent in ZIP 48906?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (~$23/hour full-time) to afford the median rent of $1,212/mo in ZIP 48906. The local median household income is $64,315/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48906?

Rent in ZIP 48906 has increased 12.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 48906 an affordable place to rent?

ZIP 48906 is considered very affordable for renters. At $1,212/mo, rent takes approximately 23% of the local median household income ($64,315/yr). The standard benchmark is 30%. ZIP 48906 falls comfortably within that range.

What percentage of ZIP 48906 residents rent vs. own?

According to Census data, approximately 30.7% of ZIP 48906 households are renters, while 69.3% are owner-occupied. ZIP 48906 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48906 compare to the rest of Lansing?

ZIP 48906 is more affordable than Lansing overall. At $1,212/mo, it's $18 below the Lansing citywide median of $1,230/mo.

When was rent data for ZIP 48906 last updated?

Rent data for ZIP 48906 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,212/mo, rent takes ~23% of ZIP 48906's median household income ($64,315/yr). The standard benchmark is 30%.

ZIP 48906 23%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 48906 (Lansing, MI)

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