Rental market snapshot for Grand Rapids, Michigan

Grand Rapids, Michigan Rental Property Market Overview

Grand Rapids, Michigan is a vibrant city located in the western part of the state. According to the US Census, the population of Grand Rapids in 2021 is 197,416. The city is known for its diverse culture, thriving art and music scene, and numerous outdoor activities. Grand Rapids is home to a variety of attractions, including the Grand Rapids Art Museum, the Grand Rapids Public Museum, and the John Ball Zoo. The city also offers a variety of restaurants, shopping, and entertainment options. Grand Rapids is a great place to live, work, and play.

The average rent for an apartment in Grand Rapids is $1,517. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -5.5% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Grand Rapids Michigan | Cost of Living

  • The most expensive ZIP Code in Grand Rapids is 49546 with an average price of $2,320
  • The cheapest ZIP Code in Grand Rapids is 49508 with an average price of $900

Grand Rapids ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
149546$2,320
249525$1,739
349506$1,500
449507$1,395
549503$1,350
649508$1,295
749504$1,275
849505$1,250

Live near Grand Rapids, Michigan's Top Sights and Attractions

Oxford Place is a historic building located in the heart of Grand Rapids. It was built in 1891 and is listed on the National Register of Historic Places. It is a three-story brick building with a large central tower and a mansard roof. Inside, visitors can explore the grand staircase, ornate woodwork, and stained glass windows. The building is home to a variety of businesses, including a restaurant, a bar, and a retail store. Oxford Place is a popular destination for visitors to Grand Rapids, offering a unique glimpse into the city's past.

Shawmut Hills Park is a beautiful outdoor area located in Grand Rapids, Michigan. It features a large pond, walking trails, and plenty of open space for picnicking and playing. The park also has a playground, basketball court, and a pavilion for special events. The park is surrounded by lush trees and foliage, making it a great spot to relax and enjoy nature.

Dickinson Park is a large public park located in Grand Rapids, Michigan. It features a variety of outdoor activities, including a large playground, a walking trail, a pond, and a picnic area. The park also has a variety of sports fields, including baseball, softball, and soccer fields. There is also a large open space for activities such as Frisbee, kite flying, and other outdoor games. The park is a great place to spend time with family and friends, and is a popular spot for locals and visitors alike.

Frederik Meijer Gardens is a sprawling botanical garden and sculpture park located in the heart of Michigan. It features a variety of gardens, including a Japanese garden, a children's garden, a tropical conservatory, and a Victorian garden. The grounds also feature a variety of sculptures, including works by Auguste Rodin, Henry Moore, and Louise Bourgeois. The gardens also host a variety of events, including concerts, art exhibits, and educational programs.

Dickinson Buffer Park is a large green space located in the heart of the city. It features a variety of outdoor activities, including walking trails, a playground, picnic areas, and a pond. The park also has a large open field, perfect for sports and other activities. The park is surrounded by trees, providing a peaceful and serene atmosphere. In the summer, the park is a popular spot for families and friends to gather and enjoy the outdoors.

Riverside Park is a beautiful outdoor area located on the banks of the Grand River. It features a variety of activities, including walking trails, picnic areas, playgrounds, and a beach. The park also has a large pond with a fountain, a boat launch, and a skate park. Visitors can also enjoy the many sculptures and monuments scattered throughout the park.

Belknap Park is a scenic outdoor area located on the banks of the Grand River. It features a variety of recreational activities, including walking trails, fishing, and a playground. There are also picnic areas, a boat launch, and a beach. The park is a great spot for a family outing or a romantic evening stroll.

Crescent Park is a popular outdoor destination located along the Grand River. It features a large grassy area with plenty of space for picnics, games, and other activities. There is also a playground, a walking path, and a fishing pier. The park is home to a variety of wildlife, including ducks, geese, and other birds. The park is a great spot to relax and enjoy the beauty of nature.

Wilcox Park is a beautiful green space located in the heart of the city. It features a large pond, walking trails, and plenty of open space for picnics and outdoor activities. The park is also home to a variety of wildlife, including ducks, geese, and other birds. In addition, Wilcox Park is home to a variety of sculptures, monuments, and other works of art. The park is a popular destination for locals and visitors alike, and is a great place to relax and take in the beauty of the city.

Oakes Street Park is a beautiful outdoor space located in Grand Rapids, Michigan. It features a large pond with a fountain, a playground, a walking path, and plenty of green space. The park is surrounded by trees and is a great spot for a picnic or a leisurely stroll. It is also home to a variety of wildlife, making it a great place to observe nature.

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Grand Rapids, Michigan area median rent change by ZIP Code map

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How does Grand Rapids compare to other cities in Michigan ?

citymedian price
Howell$2,035
Canton$1,612
Ypsilanti$1,349
Battle Creek$1,065
Detroit$1,300
Warren$1,350
Wyoming$1,295
Harper Woods$1,050
Grosse Pointe$1,225
Plymouth$1,100

Average household income in Grand Rapids area graph - US Census

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The median household income in Grand Rapids in 2021 was $51,333. This represents a 32.5% change from 2011 when the median was $38,731.

#categorypercent
0Less than $10,0008.4%
1$10,000 to $14,9994.7%
2$15,000 to $19,9995.1%
3$20,000 to $24,9996.5%
4$25,000 to $29,9994.1%
5$30,000 to $34,9995.2%
6$35,000 to $39,9994.7%
7$40,000 to $44,9995.2%
8$45,000 to $49,9994.5%
9$50,000 to $59,9998.3%
10$60,000 to $74,99911.3%
11$75,000 to $99,99912.9%
12$100,000 to $124,9998.5%
13$125,000 to $149,9994.0%
14$150,000 to $199,9993.7%
15$200,000 or more2.8%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected].com

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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