Average Rent in Grand Rapids, MI

Grand Rapids rentals average $1,748 for a 1-bedroom rental to $2,863 for a 2-bedroom rental. The median price of all currently available listings is $2,750, or roughly $2 per square feet.

For the apartment units and housing in May 2024, median rents have fallenover the last year. Studio rentals prices have decreased by $3 (-0.33%) year-over-year from $898 to $895. 1-bedroom rentals prices have decreased by $83 (-7.99%) year-over-year from $1,043 to $960. 2-bedroom rentals prices have increased by $337 (25.63%) year-over-year from $1,313 to $1,650. 3-bedroom rentals prices have increased by $120 (7.14%) year-over-year from $1,680 to $1,800. 4-bedroom rentals prices have increased by $587 (27.76%) year-over-year from $2,113 to $2,700. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 48.59% this month. 1-bedroom rents have gone down by 11.79% this month. 2-bedroom rents have gone up by 12.50% this month. 3-bedroom rents have gone up by 3.85% this month. 4-bedroom rents have gone up by 9.46% this month.