601 Bond
601 Bond Ave,
Grand Rapids, MI 49503
$1,750 - $2,448
1-2 Beds
Rental Market Trends in Grand Rapids, MI
What is the average rent in Grand Rapids, MI?
$1,364/month
Average Rent
676 Sq Ft
Average Apartment Size
+1.1%
Increase in the Last Year
As of April 2026, the average rent in Grand Rapids, MI is $1,364 per month. This is 17% lower than the national average rent of $1,641/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 $1,154 per month for a studio, $1,364 for a one-bedroom apartment, and around $1,645 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,207 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 1.1%, which averages out to $15 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 April 2026
Legend
2025
2026
Rent Ranges in Grand Rapids, MI
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
5%
$700 - $1,000/month
44%
$1,001 - $1,500/month
35%
$1,501 - $2,000/month
14%
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, West Grand Rapids and Madison Area 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, Apple Valley, Center City and Hillside 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 $1,364, you’ll want to make about $4,546 per month or $54,552 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 3.7% higher than the national average. Generally, housing in Grand Rapids is 9.7% more expensive than the national average, with rent falling between $1,154 - $2,207. You can expect to pay 1.7% less for groceries, 5.7% less for utilities, and 1.8% 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
Apartment communities in Grand Rapids we think you'll love
Property Management Companies in Grand Rapids, MI
KMG Prestige
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68
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7,375
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45
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Eenhoorn, LLC
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34
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5,776
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Land & Company
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15
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5,826
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Monarch Investment and Management Group
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318
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145
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DTN Management
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41
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6,398
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21
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10 Communities in Grand Rapids
Pure Real Estate
-
12
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-
672
Units
-
5
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Edward Rose & Sons
-
136
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-
69,964
Units
-
84
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8 Communities in Grand Rapids
Trinity Property Consultants
-
172
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43,119
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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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.