Downtown Grand Rapids, Grand Rapids, MI Rental Market Trends
Last updated: November 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Grand Rapids is $1,762, a 0.43% decrease compared to the previous year, when the average rent was $1,770.
Studio Apartments at $1,331 offer the most budget-friendly option with 442 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 664 square feet for $1,662, balancing privacy and affordability.
Two-beedroom units at $2,012 offer 987 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,323 sq ft) for $2,159, suitable for larger households.
Average rent in Downtown Grand Rapids, Grand Rapids, MI
Last updated: November 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,762 | 774 sq. ft. |
| Studio | $1,331 | 442 sq. ft. |
| 1 Bed | $1,662 | 664 sq. ft. |
| 2 Beds | $2,012 | 987 sq. ft. |
| 3 Beds | $2,159 | 1,323 sq. ft. |
Downtown Grand Rapids, Grand Rapids, MI rent trends
Rental prices in Downtown Grand Rapids, Grand Rapids, MI have decreased by 0.43% over the past year. The average rent moved from $1,770 to $1,762.
What's the typical rent budget in Downtown Grand Rapids, Grand Rapids, MI?
The largest share of rentals in Downtown Grand Rapids, Grand Rapids, MI (46%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Grand Rapids, Grand Rapids, MI?
10,830 or 62% of the households in Downtown Grand Rapids, Grand Rapids, MI are renter-occupied while 6,505 or 38% are owner-occupied.
Most affordable neighborhoods in Downtown Grand Rapids?
Ridgemoor $1,414/month
Westside Grand Rapids $1,425/month
Millbrook $1,468/month
All of these neighborhoods fall below the city wide average of $1,564/month.Most expensive neighborhoods in Downtown Grand Rapids?
Downtown Grand Rapids $1,762/month
Midtown Grand Rapids $1,765/month
Belknap Lookout $1,844/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Grand Rapids, MI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Belknap Lookout | $1,844 |
| Midtown Grand Rapids | $1,765 |
| Downtown Grand Rapids | $1,762 |
| Michigan Oaks | $1,704 |
| Creston | $1,631 |
| West Grand | $1,594 |
| Northeast Grand Rapids | $1,580 |
| Heritage Hill | $1,480 |
| Millbrook | $1,468 |
| Westside Grand Rapids | $1,425 |
| Ridgemoor | $1,414 |
/
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Grand Rapids | Rent Comparison by Neighborhood
Rent in Downtown Grand Rapids is 4% lower than in Belknap Lookout
$1,762
Downtown Grand Rapids rent is the same as Grand Rapids average
Average Rent
$1,762
$1,844
Belknap Lookout rent is 5% higher than Grand Rapids average
Average Rent
$1,844
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Grand Rapids apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.