601 Bond
601 Bond Ave,
Grand Rapids, MI 49503
1-2 Beds | $1,599 - $2,630
Rental Market Trends in Grand Rapids, MI
What is the average rent in Grand Rapids, MI?
$1,339/month
Average Rent
685 Sq Ft
Average Apartment Size
+2.3%
Increase in the Last Year
As of July 2025, the average rent in Grand Rapids, MI is $1,339 per month. This is 18% lower than the national average rent of $1,637/month, making renting in Grand Rapids more affordable than most cities in the US. When you rent an apartment in Grand Rapids, you can expect to pay about $1,144 per month for a studio, $1,339 for a one-bedroom apartment, and around $1,616 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,186 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Grand Rapids, MI?
In the past year, rent has increased by 2.3%, which averages out to $31 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated July 2025
Legend
2024
2025
Rent Ranges in Grand Rapids, MI
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
5%
$700 - $1,000/month
46%
$1,001 - $1,500/month
34%
$1,501 - $2,000/month
12%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Grand Rapids?
Based on current rent prices, East Leonard Heights, Wingate and North Quarter are the most affordable neighborhoods in Grand Rapids.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Grand Rapids?
Based on current rent prices, Gatehouse Condominiums, Apple Valley and Center City are the most expensive neighborhoods in Grand Rapids.
Neighborhood
Average Rent
Average Sq Ft
Which Grand Rapids neighborhoods have the most rentals available?
The neighborhoods in Grand Rapids with the most apartments available are North Grand Rapids, Downtown Grand Rapids and Heartside .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Grand Rapids, MI?
Because the average rent in Grand Rapids is $1,339, you’ll want to make about $4,463 per month or $53,556 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Grand Rapids, MI is 0.9% lower than the national average. Generally, housing in Grand Rapids is 8.0% less expensive than the national average, with rent falling between $1,144 - $2,186. You can expect to pay 1.6% less for groceries, 2.7% less for utilities, and 0.9% less for transportation.
How does Grand Rapids, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Grand Rapids, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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Property Management Companies in Grand Rapids, MI
KMG Prestige
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56
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DTN Management
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42
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Eenhoorn, LLC
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32
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Monarch Investment and Management Group
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306
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Land & Company
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16
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6,347
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10
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Edward Rose & Sons
-
140
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70,911
Units
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85
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Pure Real Estate
-
11
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628
Units
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4
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Trinity Property Consultants
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44,535
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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 June 2025.
* Percentages may not total 100 due to rounding.