ZIP Code · MI

ZIP 48915

Part of Lansing, MI

Pop. 9,428·Ingham County·133rd most expensive ZIP in Michigan

Median rent (all units)

$1,236/mo

Year-over-Year

Stable

Month-over-Month

+0.7%

vs US Median

-$696

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 48915 · $1,236

More affordable than 89% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($54,465) is $1,362 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,300); a 3-bedroom is $1,670.

Rank in Lansing

4th cheapest of 6 ZIP codes in Lansing.

From Zillow's monthly rent index (ZORI) for ZIP 48915. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,832/yr

At $1,236/mo median

Location

CityLansing

StateMI

CountyIngham County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.0% YoY, +0.7% 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: October 17, 2026

ZIP code 48915 covers Lansing, MI. The median rent here is $1,236/mo as of October 2026. A 1-bedroom rents for a median of $1,040/mo. A 2-bedroom rents for a median of $1,300/mo.

At 27% 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 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 $49,000/year (about $24/hour full-time) to afford the median rent of $1,236/mo in ZIP 48915. The local median household income is $54,465/yr, so the typical household meets that bar.