Nissan Lease Deals May 2026: Every Model Ranked

Nissan May 2026 lease programs: Murano remains the best value with a 1.61% APR (MF 0.00067). Rogue sees a slight rate drop to 3.67% APR. Kicks SV FWD drops to ~$326/mo with a $1,375 Lease Cash bump. Pathfinder continues its huge rate split: 6.55% APR on S trims vs 3.43% APR on SV+ trims.

QuoteDefender Team ·

The 2026 Murano continues to be the crown jewel of NMAC's lease programs in May 2026, holding steady with a 1.61% APR (MF 0.00067) program — the lowest rate of any Nissan. The Rogue sees a slight rate improvement to 3.67% APR, making the popular SV trim even more attractive. Meanwhile, the Pathfinder maintains its massive rate split, punishing base S trim buyers with a 6.55% APR while offering 3.43% on higher trims. Kicks SV models see a substantial Lease Cash bump, making them significantly cheaper than last month. The Z, LEAF, and Armada remain largely unsubsidized and poor values to lease.

0.00067
Best Rate
1.61% APR (Murano)
$3,325
Best LC
Rogue AWD Platinum
0.00305
Worst Rate
7.32% APR (Sentra S)
~$326
Best Value
Kicks SV FWD

May 2026 Nissan Lineup — Where the Money Is

NMAC's May programs continue to divide cleanly into two tiers. The Murano and Rogue offer real subsidized rates — 1.61% and 3.67% respectively. Most other models run 5–7% APR, which is standard market-rate financing. The Kicks gets a nice $750 Lease Cash increase on the SV trim, dropping the monthly payment significantly. The Pathfinder's internal gap remains, with S trims at 6.55% APR vs SV trims at 3.43% — a huge discrepancy.

ModelMF (36mo)APRBase RVLCvs April
Murano AWD0.000671.61%59–61%$1,350–$2,100Unchanged
Rogue 2026.50.001533.67%56–63%$1,325–$3,325Rate improved
Pathfinder SV+0.001433.43%59–63%$1,325Unchanged
Pathfinder S (base only)0.002736.55%56–57%$0Avoid
Altima SR0.002185.23%63%$2,275Unchanged
Frontier0.002305.52%61–68%$1,300Unchanged
Sentra SV0.002876.89%65%$800Slightly more expensive
Kicks SV/SR0.002736.55%61–64%$1,375LC +$750; much better
Z / LEAF / Armada0.00273–0.002956.55–7.08%varies$1–$625Unsubsidized

MF × 2400 = approximate APR. LC = NMAC Lease Cash, applied to cap cost at signing. Data from NMAC May 2026 programs, Northeast region, 36mo/12K. Conditional incentives (loyalty, military, college grad) are additional.

Murano — 1.61% APR Continues into May

The 2026 Murano, with standard AWD added across all trims, retains NMAC's aggressive MF 0.00067 (1.61% APR). This remains the lowest rate of any Nissan model this month and one of the lowest rates in the mainstream crossover segment anywhere. The SV AWD at $41,670 MSRP with $1,350 NMAC Lease Cash and 61% RV lands at ~$458/month. The SL AWD gets a larger $2,100 NMAC Lease Cash — making it ~$523/month for a fully-loaded AWD crossover at 1.61% APR.

Murano TrimMSRPMF (36mo)APRRV (36/12K)LC~Monthly*
AWD SV$41,6700.000671.61%61%$1,350~$458
AWD SL$46,7600.000671.61%59%$2,100~$523
AWD Platinum$49,8000.000671.61%60%$1,350~$568

*Pre-tax, 36mo/12K, cap = MSRP − NMAC Lease Cash.

Sample Math: Murano AWD SV

MSRP$41,670
− NMAC Lease Cash− $1,350
Adjusted Cap Cost$40,320
Residual ($41,670 × 61%)$25,419
Depreciation / 36 mo($40,320 − $25,419) / 36 = $413.92
Rent Charge (Cap+Res) × MF($40,320 + $25,419) × 0.00067 = $44.04
Pre-Tax Monthly~$458

Rogue — Slight Rate Improvement, Platinum Remains Strong

The Rogue 2026.5 sees a slight rate drop to MF 0.00153 (3.67% APR) with $1,325 base NMAC Lease Cash. At $30,090 base MSRP the FWD SV lands at ~$361/month. The AWD SV at $31,490 runs ~$372 — still a great value for an AWD crossover.

The AWD Platinum retains its $3,325 NMAC Lease Cash. At $38,990 MSRP with a 63% residual and $3,325 off the cap, the Platinum AWD produces ~$401/month. The $3,325 LC on the Platinum continues to make it the most attractive higher-trim deal.

Rogue TrimMSRPMF (36mo)APRRV (36/12K)LC~Monthly*
FWD S (trap)$29,0900.001533.67%56%$1,325~$386
FWD SV$30,0900.001533.67%61%$1,325~$361
AWD S$30,4900.001533.67%58%$1,325~$390
AWD SV$31,4900.001533.67%62%$1,325~$372
AWD Platinum$38,9900.001533.67%63%$3,325~$401

*Pre-tax, 36mo/12K, cap = MSRP − NMAC Lease Cash.

Pathfinder — The S Trim Rate Trap Remains

The Pathfinder still has a massive rate split. The S trim (2WD and 4WD) runs MF 0.00273 (6.55% APR) with zero NMAC Lease Cash. Every other trim — SV, SL, Rock Creek, Platinum — runs MF 0.00143 (3.43% APR) with $1,325 NMAC Lease Cash.

The result: the Pathfinder S 2WD at $37,500 produces ~$618/month. The SV 2WD at $39,900 produces ~$485/month — $133/month less. You save money by spending more.

Pathfinder TrimMSRPMF (36mo)APRRVLC~Monthly*
S 2WD ✗ avoid$37,5000.002736.55%56%$0~$618
SV 2WD$39,9000.001433.43%61%$1,325~$485
SV 4WD$41,9000.001433.43%63%$1,325~$490

*Pre-tax, 36mo/12K.

Altima — SR Trim Remains the Sweet Spot

The Altima carries its solid program from April into May. The SR FWD and AWD models sit at MF 0.00218 (5.23% APR) with $2,275 NMAC Lease Cash. At $28,980 MSRP with 63% RV, the SR FWD lands at an attractive ~$333/month.

Frontier — Best Mid-Size Truck Lease Value

The Frontier is steady at MF 0.00230 (5.52% APR) with $1,300 NMAC Lease Cash. The Crew Cab 4x4 S at $36,550 with a strong 68% RV runs ~$427/month.

Sentra + Kicks — Big Boost for Kicks SV

The Sentra SV at $23,370 runs MF 0.00287 (6.89% APR) with $800 LC and a 65% residual — landing at ~$313/month.

The big news is the Kicks SV FWD ($24,170). It gets a lower MF 0.00273 (6.55% APR) and a much larger $1,375 LC, dropping its payment to an excellent ~$326/month. It is a far better deal than it was last month.

Z, LEAF, and Armada

Nothing has improved here. These models still suffer from market-rate or above-market MFs and virtually no Lease Cash. The Z and LEAF are especially poor leases.

May 2026 — Models to Avoid Leasing

×Nissan Z — MF 0.00286, $1 LC. Sport at ~$653, NISMO at ~$1,097. No subsidy; full market rate financing cost.
×LEAF — S+ MF 0.00273 (6.55%), Platinum+ MF 0.00295 (7.08%). $0–$300 NMAC Lease Cash. No EV rate support; Platinum+ at ~$676 is particularly poor value with 53% RV.
×Armada — MF 0.00273 most trims (0.00291 on 4x4 SV / 4x4 Platinum Reserve), $625 NMAC Lease Cash, RVs as low as 53%. SV 4x4 at ~$987/month. Near-market rate + low residual on a full-size body-on-frame SUV. Armada NMAC Loyalty Cash ($2,500 Northeast) helps but can't fix the program.
×Rogue Plug-In Hybrid — MF 0.00288–0.00214, $325 LC. AWD SL at ~$724, AWD Platinum at ~$730. No meaningful EV rate support; $324/month premium over standard Rogue Platinum for PHEV capability.

How These Payments Are Calculated

All payments are pre-tax estimates, 36-month term, 12,000 miles/year, Northeast region (NMAC national programs). Cap cost = MSRP minus base NMAC Lease Cash only — no dealer discount, no additional incentives applied, no cap cost reduction. Residual is applied to MSRP (not cap cost). Payment formula:

// Standard lease payment formula
Monthly = (Cap − Residual) / Term
+ (Cap + Residual) × MoneyFactor
Cap = MSRP − NMAC Lease Cash
Residual = MSRP × RV%
MoneyFactor × 2400 ≈ APR

Payments will differ by state and region. Tax on lease payments varies: some states tax only the monthly payment, others tax the full vehicle value upfront. States with upfront or higher tax structures will have higher effective monthly costs. All figures here are the pre-tax base payments as published by NMAC for the reference region.

Conditional incentives not included. NMAC's May programs include stackable conditional credits for qualifying buyers:

Service to Sales New Vehicle Offer (most models)$1,000
EV NMAC Loyalty (Murano, LEAF, Rogue PHEV — current EV/hybrid lessee)$1,000
Armada NMAC Loyalty Cash — Northeast (Armada only)$2,500
College Graduate Program$500
Military Program$500
Max stackable on Murano (STS + EV Loyalty + college/military)up to $3,000

Eligibility requirements apply. Service to Sales requires existing NMAC contract. EV NMAC Loyalty requires current EV/hybrid lease through NMAC. College grad requires degree within 24 months or offer of employment. Military requires active/retired status. Conditional credits reduce cap cost and improve monthly payment by ~$17–28/month each at standard cap levels.

The Bottom Line

The Murano at 1.61% APR is the headline deal in May's Nissan lineup. The 2026 adds standard AWD across all trims, and NMAC is backing it with the lowest rate in the lineup. If you're cross-shopping mainstream crossovers, the Murano deserves a look. The Rogue Platinum AWD and the Kicks SV FWD are the second-best value stories this month.

The Pathfinder S is the trap to avoid — costing much more per month than the better-equipped SV. The Altima SR at ~$333 is quietly one of the better compact sedan lease values. The Z, LEAF, and Armada remain unattractive leases and nothing in May changes that.

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