Property prices for rent in Lansing (Michigan)

The rent prices in real estate in Lansing, in the Michigan region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.

$1,117.17
Average price last 6 months
$1.25
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Lansing has had a strong fall during the last 6 months. In September, the average price per sq.feet was $1.44. In the following month the price per sq.feet fell to $1.28. The price for the following two months in (November, December) fell 90 % with regard to the previous two months. The price per sq.feet has fallen 91 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.29 to $1.17 during January, and February.

Average price

When referring to the price in Lansing (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $1,122. In October This price remains at $1,094. In the following two months the average price has hardly changed with regard to the previous two months from $1,108 to $1,108.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,108.25 and $1,135 between January and February.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,151 they are 15 % more affordable than the average price for Lansing . The properties with the highest average price have 4 bedrooms, Their price is 37 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,323.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.08 / sq.feet, with an average $1.2 / sq.feet price in Lansing. The properties with the most expensive average prices have 1 bedroom. They are 19 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.21 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,151 it is 26 % more affordable than the average price in Lansing. "Land" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Condo". At a price of $1,086 it is 2 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $0.95 / sq.feet followed by "Land" priced at $1 / sq.feet. "House" is the most expensive type of property with a $1.29 / sq.feet value followed by "Land" with an average price of $1 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Lansing
Number of properties used in region Michigan
$1,151
$1.2
3,404
171,170
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value