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Average Rent in Grand Rapids, MI

Avg. RentAnnual Change
Grand Rapids Studio - $1,2750%
Grand Rapids 1 Bed - $1,450+16%
Grand Rapids 2 Beds - $1,679+20%
Last updated 6/18/2024

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Local Guide

See what Grand Rapids, MI has to offer.

Affordability

Last updated 6/18/2024

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Downtown, Grand Rapids, MI

In Grand Rapids, MI, as of 2024, the average rent for apartments ranges from $1,275 to $1,679. Specifically, the average rent for a studio apartment in Downtown, Grand Rapids, MI is $1,275. For those seeking a 1-bedroom apartments, the average rent is $1,450. And for a 2-bedroom apartment, renters can expect to pay an average of $1,679.

Annual Rent Change Over the Past 12 Months

Studio

0%

Changed from $1,275 to $1,275
1 Bed

+16%

Changed from $1,250 to $1,450
2 Beds

+20%

Changed from $1,399 to $1,679
Last updated 6/18/2024

Cost of Living

Compared to State Average

3.2%

Compared to National Average

2.9%

The cost of living in Downtown, Grand Rapids, MI is 3.2% lower than the state average and 2.9% lower than the national average. Downtown, Grand Rapids, MI housing is 7% less expensive than the U.S average, while utilities are about 2.2% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 1.4% less in Downtown, Grand Rapids, MI than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 2.4% less here compared to the U.S. average.
Cost of Living in Downtown, Grand Rapids, MICompared to State AverageCompared to National Average
Housing
7.3%
7%
Utilities
1.3%
2.2%
Food
2.6%
1.4%
Transportation
0.5%
1.5%
Healthcare
6.8%
2.4%

Compare Other Cities

CityStudio Avg RentAnnual Change
Wyoming$1,949+2%
Hudsonville$1,501--
Kentwood$1,499-29%
Grand Rapids$1,2750%
Kalamazoo$8650%
City1 Bed Avg RentAnnual Change
Holland$1,785+60%
Hudsonville$1,736--
Lowell$1,695--
Caledonia$1,662+35%
Wyoming$1,599+23%
Grand Rapids$1,450+16%
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%
Allegan$7070%
Ionia$500--
City2 Beds Avg RentAnnual Change
Wyoming$2,146+43%
Caledonia$1,910+30%
Hudsonville$1,888--
Lowell$1,795+14%
Grand Rapids$1,679+20%
Allendale$1,650--
Hastings$1,617-7%
Wayland$1,500+54%
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--
Allegan$8720%
Plainwell$8500%

Compare Neighborhoods

Creston

$1,222

1 Bed Avg. Rent

Midtown

$1,240

1 Bed Avg. Rent

West Grand

$1,449

1 Bed Avg. Rent

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

For renters in Grand Rapids seeking more affordable options, the neighborhoods to watch are Creston, Midtown, and West Grand, where average rents for 1-bedroom apartments stand at $1,222, $1,240, and $1,449 respectively. Additional areas offering value are Downtown Grand Rapids and Eastown, where the rents are $1,550 and $1,582, a favorable comparison to Grand Rapids's overall 1-bedroom average of $1,450.

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

In Grand Rapids, the neighborhoods commanding the highest rents are Belknap Lookout, Heritage Hill, and Downtown. A 1-bedroom apartment in Belknap Lookout averages at $1,945, in Heritage Hill it averages $1,657, and in Downtown, the average is $1,599. For additional high-end living options, Eastown offers 1-bedroom apartments at $1,582, and Downtown Grand Rapids at $1,550. These rates compare to the overall average rent of $1,450 for a 1-bedroom apartment in Grand Rapids, highlighting the premium nature of these specific neighborhoods.

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

In Grand Rapids, the most sought-after neighborhoods for renters include Midtown, Eastown, and Belknap Lookout. In Midtown, the average rent for a 1-bedroom apartment is $1,240. Eastown sees average rents of $1,582 for a 1-bedroom unit. Belknap Lookout offers similar appeal with 1-bedroom apartments averaging $1,945. For those seeking other popular areas, Downtown presents 1-bedroom apartments at $1,599, and Downtown Grand Rapids at $1,550. These prices are set against the backdrop of the city-wide average of $1,450 for a 1-bedroom apartment in Grand Rapids, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
Downtown$1,344-20%
Heritage Hill$1,344--
Eastown$1,245+2%
Hillside$1,199--
West Grand$1,170--
Downtown Grand Rapids$989--
Neighborhood1 Bed Avg RentAnnual Change
Belknap Lookout$1,945+18%
Heritage Hill$1,657--
Downtown$1,599+2%
Eastown$1,582-1%
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--
Belknap Lookout$2,560+2%
Heritage Hill$2,234--
Downtown$2,115+5%
Downtown Grand Rapids$2,115+7%
Eastown$1,810-3%
Midtown$1,500-25%
South West Area Neighbors$1,400--
Creston$1,2800%
West Grand$825--

Schools

Top Schools in Downtown Grand Rapids

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Houses in Nearby Cities

City1 Bed Price2 Beds Price
Grand Rapids, MI 0.3 miles$1,450$1,679
Wyoming, MI 3.6 miles$1,599$2,146
Kentwood, MI 6.4 miles---$1,050
Holland, MI 25.1 miles$1,785$1,381
Grandville, MI 5.8 miles$1,085$1,245
East Grand Rapids, MI 3.4 miles------
Rockford, MI 12.4 miles$1,325$1,450
Walker, MI 5.7 miles---$1,650
Grand Haven, MI 29 miles$1,225$1,274
Jenison, MI 7.1 miles---$1,950

Find Houses in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
Downtown$1,599$2,115
Heritage Hill 0.7 miles$1,657$2,234
Eastown 1.9 miles$1,582$1,810
South West Area Neighbors 0.9 miles---$1,400
Belknap Lookout 1.3 miles$1,945$2,560
Midtown 1.3 miles$1,240$1,500