Wyoming, MI Rental Market Trends
What is the average rent in Wyoming?
The average rent for an apartment in Wyoming is $1,015, a 8% increase compared to the previous year, when the average rent was $942.
Average Rent in Wyoming, MI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,015 | 8% | 870 sq. ft. |
What is the average apartment size in Wyoming?
The average size for a Wyoming, MI apartment is 870 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.
Wyoming, MI Apartment Rent Ranges
- < $5001%
- $501-$7002%
- $701-$1,00057%
- $1,001-$1,50034%
- $1,501-$2,0006%
- > $2,0001%
Wyoming, MI Occupied Housing Units
- Renter-occupied Households33%
- Owner-occupied Households66%
9,320 or 33% of the households in Wyoming, MI are renter-occupied while 18,453 or 66% are owner-occupied.
Wyoming, MI Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jun / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Wyoming, MI | $824 | $824 | $869 | $870 | $921 | $930 | $942 | $959 | $983 | $1,015 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 |
Average Rent in Wyoming, MI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Cannon | $1,503 |
| Greater Lowell | $1,414 |
| Lowell | $1,414 |
| Vergennes | $1,414 |
| Grattan | $1,304 |
| Caledonia | $1,228 |
| Greater Caledonia | $1,228 |
| Grand Rapids Township | $1,177 |
| Northview | $1,167 |
| Byron Center | $1,154 |
| Greater Cutlerville | $1,143 |
| Forest Hills | $1,111 |
| Rockford | $1,110 |
| Gaines | $1,105 |
| Kentwood | $1,065 |
| Courtland | $1,023 |
| Oakfield | $1,023 |
| Cutlerville | $994 |
| East Grand Rapids | $992 |
| Greater Northview | $960 |
| Comstock Park | $954 |
| Greater Comstock Park | $949 |
| Algoma | $941 |
| Cedar Springs | $888 |
| Greater Cedar Springs | $888 |
| Greater Sand Lake | $888 |
| Spencer | $888 |
| Greater Sparta | $847 |
| Sparta | $847 |
What are the most affordable neighborhoods in Wyoming?
The most affordable neighborhoods in Wyoming are Greater Sparta, where the average rent goes for $847/month, Sparta, where renters pay $847/mo on average, and Cedar Springs, where the average rent goes for $888/mo. If you’re looking for other great deals, check out the listings from Greater Cedar Springs ($888), Greater Sand Lake ($888), and Spencer ($888), where the asking prices are below the average Wyoming rent of $1,015/mo.
What are the most expensive neighborhoods in Wyoming?
The most expensive neighborhoods in Wyoming are Lowell ($1,414), Vergennes ($1,414) and Cannon ($1,503).
What are the most popular neighborhoods in Wyoming?
The most popular neighborhood in Wyoming is Kentwood, where there are 9 verified RENTCafé listings with an average rent of $1,065. Next up is Cutlerville, where apartments go for $994/month, followed by Gaines with $1,105 If you’re looking to rent in Wyoming’s most popular neighborhoods, make sure to also check out Northview, where renters pay $1,167 on average, and Comstock Park, where the average monthly rent is $954.
Wyoming | Rent Comparison by Neighborhood
Rent in Algoma is 18% lower than in Byron Center
Algoma rent is 7% lower than Wyoming average
| Average Rent | $941 |
|---|
Byron Center rent is 14% higher than Wyoming average
| Average Rent | $1,154 |
|---|
How Wyoming Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Grand Rapids | $1,153 | 5% |
| Detroit | $1,123 | 4% |
| East Lansing | $1,299 | n/a |
| Lansing | $925 | 6% |
| Ann Arbor | $1,636 | 2% |
| Kalamazoo | $1,023 | 6% |
| Walker | $1,063 | 9% |
| Wyoming | $1,015 | 8% |
| Kentwood | $1,065 | 7% |
| Holland | $1,072 | 8% |
| Grandville | $1,141 | 10% |