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RentData.org Logo Lansing-East Lansing Fair Market Rent FY 2024 Lansing-East Lansing, MI HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Lansing-East Lansing, MI :
$847 $887 $1,092 $1,423 $1,454
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Lansing-East Lansing are average compared to the national average. This FMR area is more expensive than 74% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lansing-East Lansing is $1,092 per month.

The previous year, rent for a two-bedroom home was $1,063 per month. This is a 2.73% increase year-over-year.

This FMR rate applies to Eureka, MI, Maple Rapids, MI, Bannister, MI, Hubbardston, MI, Pewamo, MI, Perrinton, MI, Westphalia, MI, Fowler, MI, Eagle, MI, Elsie, MI and other cities within the region. The Metro Code or CBSA code for this region is METRO29620M29620.

Additionally, This Fair Market Rent (FMR) area Lansing-East Lansing, MI HUD Metro FMR Area spans one county or city in Michigan which is listed in the table below. Estimated population of Lansing-East Lansing, MI HUD Metro FMR Area FMR area is 78,957 people based on latest Census data.

Compared to the rest of Michigan, the Lansing-East Lansing FMR area is more expensive than 84% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Lansing-East Lansing. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lansing-East Lansing

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 900
1-BR 1-Bedroom $ 942
2-BR 2-Bedroom $ 1160
3-BR 3-Bedroom $ 1512
4-BR 4-Bedroom $ 1545
Change Year:
2022 2023 2024 2025

There is just one county (listed below) within the Lansing-East Lansing, MI HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers three metro areas: Flint - Saginaw - Bay City, Lansing and Grand Rapids - Kalmzoo - B. Crk.

County / Region Est. Population
Lansing-East Lansing, MI Metro 78,957
Zip Codes in Lansing-East Lansing, MI HUD Metro FMR Area

There are 20 unique zip codes in this Fair Market Rent (FMR) area:

48807, 48808, 48820, 48822, 48823, 48831, 48833, 48835, 48837, 48840, 48845, 48848, 48853, 48866, 48871, 48873, 48875, 48879, 48894 and 48906

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What's Next?

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