Apartments in Red Cedar East Lansing

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Red Cedar

An East Lansing Neighborhood

Summary

The Red Cedar neighborhood is located right outside of the MSU’s West campus. Though this neighborhood is largely populated by MSU students, it is much quieter than other MSU neighborhoods like Chesterfield, Glencarin, and Oakwood. Spartan Village – the University’s campus apartments for upperclassman and grad students – is located only a few minutes south. This same crowd bleeds over into the Red Cedar community. Though its further away from the main academic buildings, Red Cedar is a great option for MSU students looking to live off campus, without the ragin’ undergrad culture.

Budget

If you're not sure how much an apartment will cost, the table below shows the average price by size.

$776
Studio
$850
1 Bedroom
$1,012
2 Bedrooms
$1,454
3 Bedrooms
$2,454
4 Bedrooms
$3,217
5+ Bedrooms
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East Lansing:
December Rent Report

Welcome to the December 2020 East Lansing Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the December 2020 key findings and figures for the East Lansing rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in East Lansing and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of East Lansing rent prices in the chart below.

Monthly Rent Report

East Lansing Rent Prices Increase From November to December

East Lansing rent prices increased over the last month. From November to December, the city experienced a 0.37% increase for the price of a one-bedroom apartment. The rent price for a East Lansing one-bedroom apartments currently stands at $823.0.

When we take a look at the two-bedroom comparison from November to December, East Lansing experienced a 2.7% increase for the price of a two-bedroom apartment. The rent price for a East Lansing two-bedroom apartments currently stands at $1,215.0.

December Prices: East Lansing vs. Surrounding Areas

Rent Prices in East Lansing and Surrounding Areas

Rent prices have increased in East Lansing over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the East Lansing suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Lansing, MI, Cortland, NY .

  • Rent decreased in Okemos, MI, Haslett, MI, Holt, MI.

  • 3 suburbs are currently priced higher than the city of East Lansing.

  • 2 suburbs are currently priced lower than the city of East Lansing.

December 2020 Pricing Trends: East Lansing vs. National Comparisons

East Lansing Rent Prices More Affordable Than Major Cities

Rent growth in East Lansing over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, East Lansing rent prices appear to be relatively affordable for local residents.

The price for a East Lansing one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of ABODO's December 2020 National Apartment Report and data set here.

For more information about East Lansing and surrounding area rent prices, take a look at the complete data set below.

Data set for East Lansing and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Lansing, MI $717.0 0.56% $906.0 -0.66%
East Lansing, MI $820.0 0.99% $1,183.0 1.20%
Okemos, MI $850.0 -0.35% $998.0 0.50%
Haslett, MI $772.0 -2.03% $907.0 0.67%
Cortland, NY $1,076.0 22.83% $1,167.0 1.13%
Holt, MI $1,141.0 -0.09% $1,255.0 -10.23%

Methodology

Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.