Luxury Apartments for Rent in 48906
42 rentals
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PET FRIENDLY$725 - $899/mo
1-2 Beds
1 BathCapital Landings Apartments | 4515 N Grand River Ave #0de2f387a,
Lansing, MI 48906
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Average Rent Trends in 48906
Rent in 48906 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $950 |
| Jul 2025 | $999 |
| Aug 2025 | $990 |
| Sep 2025 | $1,100 |
| Oct 2025 | $1,000 |
| Nov 2025 | $990 |
| Dec 2025 | $1,000 |
| Jan 2026 | $1,000 |
| Feb 2026 | $1,100 |
| Mar 2026 | $1,000 |
| Apr 2026 | $1,100 |
| May 2026 | $1,150 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $900 | $1,150 | $1,400 | $2,100 | $1,095 |
| Townhomes | $775 | $950 | — | — | $950 |
| Apartments and Condos | $850 | $900 | $1,349 | — | $895 |
| Houses | $775 | $1,200 | $1,300 | $2,100 | $1,300 |
Frequently Asked Questions about Rentals in 48906
- What is the average rent of an apartment in 48906?The average rent of an apartment in 48906 is $1,172 per month. This is about 39% lower than the national average.
- What is the average rent of a house in 48906?The average rent of a house in 48906 is $1,300 per month. This is about 33% lower than the national average.
- What is the average rent of a townhome in 48906?The average rent of a townhome in 48906 is $950 per month. This is about 51% lower than the national average.
- When is the average rent cheapest in 48906?In the last year, the average rent in 48906 was lowest in May 2025 when it was $895 per month.
- When is the average rent most expensive in 48906?In the last year, the average rent in 48906 was highest in Sep 2025 when it was $1,100 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 48906?The average rent of a 1 bedroom apartment in 48906 is $900 per month. That is about $175 more than the cost of a studio apartment.
- How many available rental listings are in 48906?There are 45 available rental listings in 48906.
- What are some cities near 48906?Some nearby cities include: Lansing, Dewitt, East Lansing, Bath, Eagle, Grand Ledge. These cities may have more rental options to explore.