ZIP Code · MI

ZIP 48917

Part of Lansing, MI

Pop. 32,483·Eaton County·102nd most expensive ZIP in Michigan

Median rent (all units)

$1,374/mo

Year-over-Year

+4.4%

Month-over-Month

+0.7%

vs US Median

-$558

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 48917 · $1,374

More affordable than 82% 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

Compared with the peak

Rent in ZIP 48917 is at its highest level since Zillow's records here began in March 2023.

Past year vs. the rest of Michigan

Rent in ZIP 48917 changed +4.4% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.

Recent direction

Rent has risen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($70,990) is $1,775 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,720).

Rank in Lansing

6th cheapest of 6 ZIP codes in Lansing.

Cheaper nearby

ZIP 48915, 4 miles away, rents for 10% less ($1,236/mo), about $1,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 48917. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,488/yr

At $1,374/mo median

Location

CityLansing

StateMI

CountyEaton County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.4% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 48917 (Lansing, MI) is majority owner-occupied, has a large retiree population, 40.4% of residents hold a bachelor's degree or higher.

Population

32,483

Median income

$70,990

Median age

41.7

Renters

40%

Age distribution

17.4%

22.2%

24.5%

13.3%

22.6%

Under 1817.4%

18–3422.2%

35–5424.5%

55–6413.3%

65+22.6%

Gender

47.9%

52.1%

Male47.9%

Female52.1%

Race & ethnicity

67%

14.1%

White67%

Black14.1%

Hispanic9.3%

Asian5.3%

Other4.3%

Education (25+)

20.8%

32.3%

40.4%

No HS diploma6.5%

HS diploma20.8%

Some college32.3%

Bachelor's+40.4%

Housing tenure

60%

40%

Owner60%

Renter40%

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

2023 vs 2026

How ZIP 48917 in Lansing, MI has changed in 5 years

Rent

$1,178 → $1,374

up 16.6%

Income

$66,096 → $70,990

up 7.4%

Population

32,218 → 32,483

up 0.8%

Renter share

41% → 40%

-1.0 pts

Bachelor's+

39.2% → 40.4%

+1.2 pts

Median age

42.3 → 41.7

-0.6 yrs

Rent in ZIP 48917 in Lansing, MI has climbed 16.6% since 2023, going from about $1,178 per month to roughly $1,374 today. Median household income grew from $66,096 to $70,990 between 2021 and 2024, a 7.4% shift. Rent outpaced income growth by roughly 9.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Taken together, the five-year picture in ZIP 48917 in Lansing, MI reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 48917

Last updated: October 17, 2026

ZIP code 48917 covers Lansing, MI. The median rent here is $1,374/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 23% of local median household income ($70,990/yr), ZIP 48917 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 48917?

To keep rent at or below 30% of gross income, you would need to earn at least $55,000/year (about $26/hour full-time) to afford the median rent of $1,374/mo in ZIP 48917. The local median household income is $70,990/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 48917?

Rent in ZIP 48917 has risen 4.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2023.

How does ZIP 48917 compare to other ZIPs in Michigan?

ZIP 48917 is in the middle among Michigan ZIP codes for rent, ranking #102 of 168 at $1,374/mo. Over the year to September 2026, rent in ZIP 48917 changed +4.4%, against a typical +4.4% across the 134 Michigan ZIP codes Zillow tracks.