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ZIP Code · MI

ZIP 48915

Part of Lansing, MI
Pop. 9,428·Ingham County·145th most expensive ZIP in Michigan
Median rent (all units)
$1,165/mo
Year-over-Year
Stable
Month-over-Month
+7.8%
vs US Median
-$797
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 48915 · $1,165
More affordable than 93% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,000
1 BR
$1,040
2 BR
$1,300
3 BR
$1,670
4 BR+
$1,720
Research median
$1,300/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: August 17, 2026

Annual cost
$13,980/yr
At $1,165/mo median
Location
StateMI
CountyIngham 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, +7.8% MoM), not inventory.
Demographics

Who lives here

ZIP 48915 (Lansing, MI) is majority owner-occupied, skews toward younger working-age adults, has a median income below the national average, 27.9% of residents hold a bachelor's degree or higher.

Population
9,428
Median income
$54,465
Median age
34.1
Renters
35.3%
Age distribution
18.8%
34.6%
21.3%
14.7%
Under 1818.8%
18–3434.6%
35–5421.3%
55–6410.6%
65+14.7%
Gender
51.7%
48.3%
Male51.7%
Female48.3%
Race & ethnicity
54.3%
22.7%
17.4%
White54.3%
Black22.7%
Hispanic17.4%
Asian1.4%
Other4.1%
Education (25+)
12.8%
25.3%
34%
27.9%
No HS diploma12.8%
HS diploma25.3%
Some college34%
Bachelor's+27.9%
Housing tenure
64.7%
35.3%
Owner64.7%
Renter35.3%

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

2021 vs 2026

How ZIP 48915 in Lansing, MI has changed in 5 years

Income
$46,544 → $54,465
up 17.0%
Population
9,557 → 9,428
down 1.3%
Renter share
43.7% → 35.3%
-8.4 pts
Bachelor's+
34.6% → 27.9%
-6.7 pts
Median age
29.9 → 34.1
+4.2 yrs

On the earnings side, the typical household in ZIP 48915 in Lansing, MI now reports about $54,465, up from $46,544 in 2021. Census counts show ZIP 48915 in Lansing, MI losing about 129 residents over the five-year window, down 1.3% on net. The renter share has eased from 43.7% to 35.3%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 34.6% to 27.9% across the same window.

Community

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Local insights

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About renting in ZIP 48915

Last updated: August 17, 2026

ZIP code 48915 covers Lansing, MI. The median rent here is $1,165/mo as of August 2026. A 1-bedroom rents for a median of $1,040/mo. A 2-bedroom rents for a median of $1,300/mo.

At 26% of local median household income ($54,465/yr), ZIP 48915 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 48915?

As of August 17, 2026, the median monthly rent in ZIP 48915 (Lansing, MI) is $1,165. This is based on aggregated data from public sources and community submissions.

How does ZIP 48915 rent compare to the US average?

ZIP 48915's median rent of $1,165/mo is $797 (41%) below the US national median of $1,962/mo.

How does ZIP 48915 compare to other ZIPs in Michigan?

ZIP 48915 is among the more affordable ZIP codes in Michigan, ranking #145 out of 170 ZIPs at $1,165/mo.

How much income do you need to rent in ZIP 48915?

To keep rent at or below 30% of gross income, you would need to earn at least $47,000/year (~$23/hour full-time) to afford the median rent of $1,165/mo in ZIP 48915. The local median household income is $54,465/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 48915?

Rent in ZIP 48915 has been relatively stable over the past year, with a 0.0% change year over year as of August 17, 2026.

Is ZIP 48915 an affordable place to rent?

ZIP 48915 is considered affordable for renters. At $1,165/mo, rent takes approximately 26% of the local median household income ($54,465/yr). The standard benchmark is 30%. ZIP 48915 falls comfortably within that range.

What percentage of ZIP 48915 residents rent vs. own?

According to Census data, approximately 35.3% of ZIP 48915 households are renters, while 64.7% are owner-occupied. ZIP 48915 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 48915 compare to the rest of Lansing?

ZIP 48915 is more affordable than Lansing overall. At $1,165/mo, it's $66 below the Lansing citywide median of $1,231/mo.

When was rent data for ZIP 48915 last updated?

Rent data for ZIP 48915 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,165/mo, rent takes ~26% of ZIP 48915's median household income ($54,465/yr). The standard benchmark is 30%.

ZIP 48915 26%Benchmark 30%
State income tax4.25%
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Public schools near ZIP 48915 (Lansing, MI)

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