Rent in Okemos, MI
Across Okemos's 2 ZIP codes, a 2-bedroom typically rents for about $1,392 a month, with figures from $1,323–$1,460. The highest typical rent is in 48864 ($1,460) and the lowest in 48805 ($1,323). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Ingham County pay about 1.83% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,090 | $1,036–$1,143 | 2 |
| 1 bed | $1,085 | $1,054–$1,115 | 2 |
| 2 beds | $1,392 | $1,323–$1,460 | 2 |
| 3 beds | $1,535 | $1,384–$1,685 | 2 |
| 4 beds | $1,739 | $1,739 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Okemos ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Okemos, MI?
- About $1,392 a month: the median of the typical rents in 2 ZIP codes, which range from $1,323–$1,460. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Okemos, MI?
- About $1,085 a month: the median of the typical rents in 2 ZIP codes, which range from $1,054–$1,115. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Okemos, MI?
- About $1,535 a month: the median of the typical rents in 2 ZIP codes, which range from $1,384–$1,685. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Okemos, MI?
- About $1,090 a month: the median of the typical rents in 2 ZIP codes, which range from $1,036–$1,143. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Okemos, MI?
- About $1,739 a month: the median of the typical rents in 2 ZIP codes, which range from $1,739. Figures are gross rent (rent plus tenant-paid utilities).
- Which Okemos ZIP code has the highest rent?
- For a 2-bedroom, 48864 has the highest typical rent at $1,460 a month, and 48805 the lowest at $1,323.
- What is the property tax rate in Okemos, MI?
- Owner-occupied homes in Ingham County pay a typical 1.83% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Okemos rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).