The Exchange
155 W Michigan Ave,
Kalamazoo, MI 49007
$1,255 - $3,400 | Studio - 2 Beds
Downtown Kalamazoo
Kalamazoo, MI
Downtown Kalamazoo - Kalamazoo, MI
Area Guide
A charming downtown district near several colleges
University
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Commuter
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Great Location
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Urban
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Community
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Renting in Downtown Kalamazoo will put you in the center of a lively city with an active community. Both Interstate 94 and East Michigan Avenue run through the neighborhood, connecting residents to nearby locales like Kalamazoo College and Western Michigan University in under 10 minutes. Those living in this area choose from a mix of lofts and condos for rent. Downtown is home to the Kalamazoo Mall, a three-block historic mall lined with shops and restaurants. Enjoy the newest film releases at the Alamo Drafthouse Cinema, or visit Bronson Park, a calm oasis in the heart of the city. Enjoy summer music festivals, explore local museums like the Kalamazoo Valley Museum, or try out one of the many local restaurants and bars in town.
Rent Trends
As of April 2025, the average apartment rent in Downtown Kalamazoo is $1,172 for a studio, $1,568 for one bedroom, $2,164 for two bedrooms, and $1,911 for three bedrooms. Apartment rent in Downtown Kalamazoo has decreased by -1.2% in the past year.
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Studio
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538 sq ft
Average Sq Ft
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$1,172/month
Average Rent
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1 BR
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737 sq ft
Average Sq Ft
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$1,568/month
Average Rent
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2 BR
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1,249 sq ft
Average Sq Ft
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$2,164/month
Average Rent
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3 BR
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1,191 sq ft
Average Sq Ft
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$1,911/month
Average Rent
Transportation
89
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
78
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- Kalamazoo Valley Museum
- Kalamazoo Nature Center
- Chipman Preserve
Commuter Rail
Airports
- Kalamazoo/Battle Creek International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.