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RentData.org Logo Lansing-East Lansing Fair Market Rent FY 2015 Lansing-East Lansing, MI MSA Rental Data

Fair Market Rent Prices in Lansing-East Lansing, MI :
$490 $624 $776 $1,032 $1,251
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 high compared to the national average. This FMR area is more expensive than 82% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lansing-East Lansing is $776 per month.

The previous year, rent for a two-bedroom home was $762 per month. This is a 1.84% 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 MSA spans one county or city in Michigan which is listed in the table below. Estimated population of Lansing-East Lansing, MI MSA FMR area is 75,382 people based on latest Census data.

Compared to the rest of Michigan, the Lansing-East Lansing FMR area is more expensive than 90% 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 $ 525
1-BR 1-Bedroom $ 669
2-BR 2-Bedroom $ 832
3-BR 3-Bedroom $ 1106
4-BR 4-Bedroom $ 1341
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

There is just one county (listed below) within the Lansing-East Lansing, MI MSA 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 75,382
Zip Codes in Lansing-East Lansing, MI MSA

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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