Grand Rapids, MI Rental Market Trends
What is the average rent in Grand Rapids?
The average rent for an apartment in Grand Rapids is $1,450. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Grand Rapids, MI
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,450 | 887 sq. ft. |
What is the average apartment size in Grand Rapids?
The average size for a Grand Rapids, MI apartment is 887 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.
Grand Rapids, MI apartment rent ranges
Grand Rapids, MI Occupied Housing Units
35,938 or 45% of the households in Grand Rapids, MI are renter-occupied while 43,071 or 55% are owner-occupied.
Grand Rapids, MI rent trends
Average Rent in Grand Rapids, MI By Neighborhood
| City | Average Rent |
|---|---|
| Belknap Lookout | $1,779 |
| Heritage Hill | $1,779 |
| Roosevelt Park | $1,779 |
| Southeast Grand Rapids | $1,779 |
| Northeast Grand Rapids | $1,599 |
| Michigan Oaks | $1,555 |
| Ridgemoor | $1,443 |
| Millbrook | $1,402 |
| Alger Heights | $1,355 |
| Garfield Park | $1,163 |
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What are the most affordable neighborhoods in Grand Rapids?
The most affordable neighborhoods in Grand Rapids are Garfield Park, where the average rent goes for $1,163/month, Alger Heights, where renters pay $1,355/mo on average, and Millbrook, where the average rent goes for $1,402/mo. If you’re looking for other great deals, check out the listings from Ridgemoor ($1,443), Michigan Oaks ($1,555), and Northeast Grand Rapids ($1,599), where the asking prices are below the average Grand Rapids rent of $1,450/mo.
What are the most expensive neighborhoods in Grand Rapids?
The most expensive neighborhoods in Grand Rapids are Heritage Hill ($1,779), Roosevelt Park ($1,779) and Southeast Grand Rapids ($1,779).
What are the most popular neighborhoods in Grand Rapids?
The most popular neighborhood in Grand Rapids is Heritage Hill, where there are 1 listings with an average rent of $1,779. Next up is Alger Heights, where apartments go for $1,355/month, followed by Belknap Lookout with $1,779 If you’re looking to rent in Grand Rapids’s most popular neighborhoods, make sure to also check out Garfield Park, where renters pay $1,163 on average, and Michigan Oaks, where the average monthly rent is $1,555.
Grand Rapids | Rent Comparison by Neighborhood
Rent in Alger Heights is 24% lower than in Belknap Lookout
$1,355
Alger Heights rent is 7% lower than Grand Rapids average
Average Rent
$1,355
$1,779
Belknap Lookout rent is 23% higher than Grand Rapids average
Average Rent
$1,779
How Grand Rapids Compares to Other Cities
| State | Average Rent |
|---|---|
| Detroit | $1,202 |
| Ypsilanti | $1,437 |
| Davison | $1,058 |
| Edwardsburg | $925 |
| Farmington Hills | $1,382 |
| Fenton | $1,320 |
| Gibraltar | $1,115 |
| Grand Haven | $1,256 |
| Holland | $1,472 |
| Hudsonville | $1,409 |
| Wyoming | $1,312 |
| Grand Rapids | $1,450 |
What is the average price for a storage unit in Grand Rapids?
The average rent for a non-climate-controlled 10'x10' storage unit in Grand Rapids is $110.71. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.