Wyoming, MI Rental Market Trends
Highlights
The average rent for an apartment in Wyoming is $942, a 8% increase compared to the previous year, when the average rent was $870.
Average Rent in Wyoming, MI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $942 | 8% | 863 sq. ft. |
The average size for a Wyoming, MI apartment is 863 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
- $501-$7007%
- $701-$1,00067%
- $1,001-$1,50024%
- $1,501-$2,0002%
Wyoming, MI Occupied Housing Units
- Renter-occupied Households33%
- Owner-occupied Households66%
9,291 or 33% of the households in Wyoming, MI are renter-occupied while 18,440 or 66% are owner-occupied.
Wyoming, MI Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Wyoming, MI | $816 | $830 | $850 | $824 | $824 | $869 | $870 | $921 | $930 | $942 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Wyoming, MI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sparta | $759 |
| Greater Sparta | $759 |
| Spencer | $836 |
| Greater Sand Lake | $836 |
| Greater Cedar Springs | $836 |
| Cedar Springs | $836 |
| Algoma | $866 |
| Greater Comstock Park | $905 |
| Comstock Park | $906 |
| Greater Northview | $911 |
| Cutlerville | $916 |
| Oakfield | $960 |
| Courtland | $960 |
| East Grand Rapids | $965 |
| Kentwood | $991 |
| Byron Center | $995 |
| Gaines | $1,011 |
| Greater Cutlerville | $1,026 |
| Forest Hills | $1,037 |
| Rockford | $1,039 |
| Grand Rapids Township | $1,128 |
| Grattan | $1,136 |
| Northview | $1,144 |
| Greater Caledonia | $1,169 |
| Caledonia | $1,169 |
| Vergennes | $1,238 |
| Lowell | $1,238 |
| Greater Lowell | $1,238 |
| Cannon | $1,479 |
The most affordable neighborhoods in Wyoming are Greater Sparta, where the average rent goes for $759/month, Sparta, where renters pay $759/mo on average, and Cedar Springs, where the average rent goes for $836/mo. If you’re looking for other great deals, check out the listings from Greater Cedar Springs ($836), Greater Sand Lake ($836), and Spencer ($836), where the asking prices are below the average Wyoming rent of $942/mo.
The most expensive neighborhoods in Wyoming are Lowell ($1,238), Vergennes ($1,238) and Cannon ($1,479).
The most popular neighborhood in Wyoming is Kentwood, where there are 12 verified RENTCafé listings with an average rent of $991. Next up is Northview, where apartments go for $1,144/month, followed by Cutlerville with $916 If you’re looking to rent in Wyoming’s most popular neighborhoods, make sure to also check out Gaines, where renters pay $1,011 on average, and Comstock Park, where the average monthly rent is $906.
Wyoming | Rent Comparison by Neighborhood
Rent in Algoma is 13% lower than in Byron Center
Algoma rent is 8% lower than Wyoming average
| Average Rent | $866 |
|---|
Byron Center rent is 6% higher than Wyoming average
| Average Rent | $995 |
|---|
How Wyoming Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Grand Rapids | $1,082 | 5% |
| East Lansing | $1,294 | n/a |
| Detroit | $1,069 | 1% |
| Lansing | $880 | 3% |
| Ann Arbor | $1,580 | 3% |
| Wyoming | $942 | 8% |
| Kentwood | $991 | 5% |
| Walker | $972 | 9% |
| Holland | $990 | 4% |
| Grand Haven | $935 | -9% |
| Grandville | $1,034 | 11% |
For more information about the Wyoming rental trends, check out our monthly rent report
Check out Michigan Cities, Michigan Neighborhoods and Michigan Zip Codes for more details on verified listings, including the Michigan Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!