Parkway Flats
807 Central Park Cir,
Kalamazoo, MI 49006
$1,245 - $2,285
1-3 Beds
$1,094/month
Average Rent
708 Sq Ft
Average Apartment Size
+2.6%
Increase in the Last Year
As of January 2026, the average rent in Kalamazoo, MI is $1,094 per month. This is 33% lower than the national average rent of $1,624/month, making renting in Kalamazoo more affordable than most cities in the US. When you rent an apartment in Kalamazoo, you can expect to pay about $963 per month for a studio, $1,094 for a one-bedroom apartment, and around $1,287 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,583 or more.
In the past year, rent has increased by 2.6%, which averages out to $29 more per month.
Based on current rent prices, Colonial Manor, Nottingham Place and Leisure Time Condominiums are the most affordable neighborhoods in Kalamazoo.
Based on current rent prices, Downtown Kalamazoo, Haymarket Historic District and Vine are the most expensive neighborhoods in Kalamazoo.
The neighborhoods in Kalamazoo with the most apartments available are Downtown Kalamazoo, South Westnedge and Westwood .
Because the average rent in Kalamazoo is $1,094, you’ll want to make about $3,646 per month or $43,752 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.
The cost of living in Kalamazoo, MI is 14.7% lower than the national average. Generally, housing in Kalamazoo is 37.9% less expensive than the national average, with rent falling between $963 - $1,583. You can expect to pay 2.6% less for groceries, 3.3% less for utilities, and 2.1% less for transportation.
Use the tool below to compare Kalamazoo, 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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† 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 November 2025.
* Percentages may not total 100 due to rounding.