Grand Rapids, MI Rental Market Trends
What is the average rent in Grand Rapids?
The average rent for an apartment in Grand Rapids is $1,153, a 5% increase compared to the previous year.
Average Rent in Grand Rapids, MI
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,153||5%||864 sq. ft.|
What is the average apartment size in Grand Rapids?
The average size for a Grand Rapids, MI apartment is 864 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Grand Rapids, MI Apartment Rent Ranges
- > $2,0002%
Grand Rapids, MI Occupied Housing Units
- Renter-occupied Households45%
- Owner-occupied Households54%
34,027 or 45% of the households in Grand Rapids, MI are renter-occupied while 41,395 or 54% are owner-occupied.
Grand Rapids, MI Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||May / 2021|
Average Rent in Grand Rapids, MI By Neighborhood
|Downtown Grand Rapids||$1,393|
|Midtown Grand Rapids||$1,393|
|Southeast Grand Rapids||$1,393|
|Northeast Grand Rapids||$1,251|
|Westside Grand Rapids||$1,206|
|John Ball Park||$1,074|
|South East End Grand Rapids||$992|
What are the most affordable neighborhoods in Grand Rapids?
The most affordable neighborhoods in Grand Rapids are Garfield Park, where the average rent goes for $936/month, Baxter, where renters pay $992/mo on average, and Eastgate, where the average rent goes for $992/mo. If you’re looking for other great deals, check out the listings from Eastown ($992), Fuller Avenue ($992), and Ottawa Hills ($992), where the asking prices are below the average Grand Rapids rent of $1,153/mo.
What are the most expensive neighborhoods in Grand Rapids?
The most expensive neighborhoods in Grand Rapids are Roosevelt Park ($1,393), South Hill ($1,393) and Southeast Grand Rapids ($1,393).
What are the most popular neighborhoods in Grand Rapids?
The most popular neighborhood in Grand Rapids is Downtown Grand Rapids, where there are 23 verified RENTCafé listings with an average rent of $1,393. Next up is Belknap Lookout, where apartments go for $1,393/month, followed by West Grand with $1,206 If you’re looking to rent in Grand Rapids’s most popular neighborhoods, make sure to also check out Heritage Hill, where renters pay $1,393 on average, and S.W.A.N., where the average monthly rent is $1,206.
Grand Rapids | Rent Comparison by Neighborhood
Rent in Alger Heights is 7% higher than in Baxter
Alger Heights rent is 8% lower than Grand Rapids average
Baxter rent is 14% lower than Grand Rapids average
How Grand Rapids Compares to Other Cities
|Average Rent||Y-o-Y Change|