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Rental market trends in Grand Rapids, MI

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Average Rent in Grand Rapids, MI

Average Rent in Grand Rapids, MI

Avg. RentAnnual Change
Studio - $1,2750%
1 Bed - $1,450+16%
2 Beds - $1,679+20%
Last updated 5/25/2024

Average Apartment Cost in Grand Rapids, MI

The average rent for apartments in Grand Rapids, MI, is between $1,275 and $1,679 in 2024. For a studio apartment in Grand Rapids, MI, the average rent is $1,275. When it comes to 1-bedroom apartments, the average rent in Grand Rapids, MI, is $1,450. For a 2-bedroom apartment, the average rent is $1,679.

Apartment Rent Ranges in Grand Rapids, MI

Apartment PricesProportion
0%
8%
31%
24%
38%

Neighborhood Apartment Rent Trends in Grand Rapids, MI

NeighborhoodStudio Avg RentAnnual Change
Downtown$1,344-20%
Heritage Hill$1,344--
Eastown$1,245+2%
Heartside$1,240--
Hillside$1,199--
West Grand$1,170--
Downtown Grand Rapids$989--
Center City$989--
Belknap Lookout$900--
Garfield Park$745--
Neighborhood1 Bed Avg RentAnnual Change
Belknap Lookout$1,945+18%
Heritage Hill$1,657--
Downtown$1,599+2%
Eastown$1,582-1%
Heartside$1,550+9%
Downtown Grand Rapids$1,550+9%
West Grand$1,449--
Midtown$1,240--
Creston$1,2220%
Neighborhood2 Beds Avg RentAnnual Change
Madison Area$2,900--
South Hill$2,900--
Belknap Lookout$2,560+2%
Heritage Hill$2,234--
Downtown$2,115+5%
Heartside$2,115+7%
Downtown Grand Rapids$2,115+7%
Eastown$1,810-3%
North East Citizens Action$1,699--
Midtown$1,500-25%
South West Area Neighbors$1,400--
Ridgemoor$1,395+8%
Creston$1,2800%
Center City$902--
West Grand$825--

How Other Cities Compare to Grand Rapids, MI

CityStudio Avg RentAnnual Change
Wyoming$1,949+2%
Hudsonville$1,501--
Kentwood$1,499-29%
Kalamazoo$8650%
City1 Bed Avg RentAnnual Change
Holland$1,785+60%
Hudsonville$1,736--
Lowell$1,695--
Wyoming$1,599+23%
Rockford$1,325+13%
Byron Center$1,275--
Grand Haven$1,225--
Grandville$1,085+16%
Greenville$1,080--
Kalamazoo$1,023-6%
Allendale$9000%
Grand Ledge$8750%
South Haven$7850%
Plainwell$740+17%
Norton Shores$7250%
Ionia$500--
City2 Beds Avg RentAnnual Change
Wyoming$2,146+43%
Hudsonville$1,888--
Lowell$1,795+14%
Walker$1,650--
Allendale$1,650--
Hastings$1,617-7%
Rockford$1,450+14%
Holland$1,381+9%
Greenville$1,327--
Grand Haven$1,2740%
Grandville$1,245+5%
Kalamazoo$1,233+7%
Grand Ledge$1,0750%
Kentwood$1,050--
South Haven$970--
Norton Shores$8750%
Plainwell$8500%

Grand Rapids, MI Rent Trends

Studio1 Bed2 Beds
May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023Dec 2023Jan 2024Feb 2024Mar 2024Apr 2024May 2024
$1270$1292$1270$1248$1225$1262$1225$1225$1187$1225$1276$1274$1275
$1250$1261$1165$1226$1182$1387$1471$1448$1447$1403$1484$1486$1451
$1403$1414$1401$1400$1355$1602$1669$1592$1578$1612$1674$1675$1688
$2100$1432$1400$1432$1995$2195$2195$2295$1400$2200$1360$1421$2395

Neighborhood Information for Grand Rapids, MI

What are the most affordable neighborhoods in Grand Rapids, MI?

The most affordable neighborhoods in Grand Rapids are Garfield Park, where the average 1-bedroom apartment rent goes for $745, Creston, where renters pay $1,222 on average for a 1-bedroom apartment, and Midtown, where the average 1-bedroom apartment rent goes for $1,240. If you're looking for other great deals, check out the listings in West Grand ($1,449 for a 1-bedroom apartment) or Heartside ($1,550 for a 1-bedroom apartment), compared to the $1,450 average for a Grand Rapids 1-bedroom apartment.

What are the most expensive neighborhoods in Grand Rapids, MI?

The most affordable neighborhoods in Grand Rapids are Belknap Lookout, where the average 1-bedroom apartment rent goes for $1,945, Heritage Hill, where renters pay $1,657 on average for a 1-bedroom apartment, and Downtown, where the average 1-bedroom apartment rent goes for $1,599. If you're looking for other great deals, check out the listings in Eastown ($1,582 for a 1-bedroom apartment) or Heartside ($1,550 for a 1-bedroom apartment), compared to the $1,450 average for a Grand Rapids 1-bedroom apartment.

What are the most popular neighborhoods in Grand Rapids, MI?

The most popular neighborhoods in Grand Rapids are Garfield Park, where the average 1-bedroom apartment rent goes for $745, Eastown, where renters pay $1,582 on average for a 1-bedroom apartment, and Heritage Hill, where the average 1-bedroom apartment rent goes for $1,657. If you're looking for other popular neighborhoods, check out the listings in Midtown ($1,240 for a 1-bedroom apartment) or Heartside ($1,550 for a 1-bedroom apartment), compared to the $1,450 average for a Grand Rapids 1-bedroom apartment.

Nearby Listings

  • Kingsley Building property

    $1,405+

    Kingsley Building

    1–2 Beds • 1–2 Baths

    652–1397 Sqft

    Available 7/27

  • 38 Commerce property

    $1,530+

    38 Commerce

    1–2 Beds • 1–2.5 Baths

    590–1806 Sqft

    1 Unit Available

  • The Orchards at Four Mile property

    $1,130+

    The Orchards at Four Mile

    1–2 Beds • 1 Bath

    540–670 Sqft

    7 Units Available

  • The Grove property

    $1,620+

    The Grove

    1–3 Beds • 1–2 Baths

    938–1475 Sqft

    4 Units Available

  • The Homes at Rivers Edge Apartments property

    $1,945+

    The Homes at Rivers Edge Apartments

    1–2 Beds • 1–2 Baths

    816–1333 Sqft

    1 Unit Available

  • Foote Hills property

    $1,262+

    Foote Hills

    1–3 Beds • 1–1.5 Baths

    680–1200 Sqft

    8 Units Available