601 Bond
601 Bond Ave,
Grand Rapids, MI 49503
1-2 Beds | $1,928 - $2,438
Rental Market Trends in Grand Rapids, MI
Updated July 2026
The average rent in Grand Rapids, MI is $1,382/month.
Rent in Grand Rapids is 17% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.
$1,382/month
Average Rent
672 Sq Ft
Average Size
+2.6%
Change / Year
2,644
Available Apartments
Grand Rapids rent varies by unit size and layout:
- Studio apartments in Grand Rapids average $1,171 per month.
- One-bedroom apartments in Grand Rapids average $1,382 per month.
- Two-bedroom apartments in Grand Rapids average $1,664 per month.
- Three-bedroom apartments in Grand Rapids average $2,252 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Grand Rapids, MI?
In the past year, rent has increased by 2.6%, which averages out to $36 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Grand Rapids, MI
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
4%
$700 - $1,000/month
40%
$1,001 - $1,500/month
38%
$1,501 - $2,000/month
14%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Grand Rapids?
Based on current rent prices, Millbrook, Highland Park and West Grand Rapids 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, Creston, Hillside and Northeast Grand Rapids 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 Downtown Grand Rapids, North Grand Rapids and Belknap Lookout .
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 $1,382, you’ll want to make about $4,606 per month or $55,272 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 3.3% higher than the national average. Generally, housing in Grand Rapids is 9.5% more expensive than the national average, with rent falling between $1,171 - $2,252. You can expect to pay 0.9% less for groceries, 5.4% less for utilities, and 3.5% 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.
View the Grand Rapids Area GuideStudio
-
$1,264/month
One Bedroom
$1,328/month
$1,342/month
Two Bedroom
$1,656/month
$1,522/month
Three Bedroom
$1,804/month
$2,181/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Grand Rapids?
The average rent in Grand Rapids is $1,382 per month, which is 16.8% lower than the national average of $1,662.
What is the average rent for a house in Grand Rapids?
The average rent for a house in Grand Rapids, MI is $2,252 per month.
What is the average rent for a townhome in Grand Rapids?
The average rent for a townhome in Grand Rapids, MI is $1,710 per month.
Are rents going up or down in Grand Rapids?
Rents in Grand Rapids, MI are increasing, with prices up 2.6% year-over-year and $36 more per month.
What rent range is most common in Grand Rapids?
In Grand Rapids, MI, 40% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 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.