Grand Ledge, Michigan Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Grand Ledge, Michigan rental market.
Grand Ledge, Michigan
Average Apartment Rent
$1,418
Y-o-Y Change in Average
Apartment Rent
Infinity%
As of August 2026
Compared to a year ago, Grand Ledge, Michigan apartments have recorded a Infinity% rent increase.
Grand Ledge, Michigan Average Apartment Rent
Grand Ledge, Michigan Apartment rent ranges
At 45.74%, apartments priced $1,500 - $2,000 represent the bulk of Grand Ledge, Michigan rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 1.48%.
Grand Ledge, Michigan Housing tenure**
Renters take up 35% of Grand Ledge, Michigan real estate, occupying a total of 1,229 units, while homeowners live in 2,297 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$48,693
Average household size of renter-occupied housing units**
1.98
Rental vacancy rate**
4.4%
Grand Ledge, Michigan Renter-occupied housing units by no. of bedrooms**
There are 681 rentals in Grand Ledge, Michigan with 2 beds making up the highest share of the market, at 55%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 15 units. Overall, the median number of rooms in Grand Ledge, Michigan homes for rent is 4.2.
Grand Ledge, Michigan Renter-occupied units by age of householder**
Most condos for rent in Grand Ledge, Michigan are occupied by residents in the 25 - 34 years age group (21%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 6%.
Grand Ledge, Michigan Renter-occupied housing units by family type**
Grand Ledge, Michigan Renter-occupied housing units by the presence of own children**
A total of 572 apartments for rent in Grand Ledge, Michigan, or 47% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 299 units. All in all, the median size of a renter-occupied household in Grand Ledge, Michigan is 1.98.
Grand Ledge, Michigan Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 19% of the rental market. In contrast, residents with less than a high school degree reside in 3% of the homes for rent in Grand Ledge, Michigan.
Grand Ledge, Michigan Renter-occupied units by year structure built**
The highest share of Grand Ledge, Michigan apartment rentals, namely 40% or 490 units, were Built 1970 - 1979, followed by those Built 1939 or earlier (17%, 208 units), and the ones Built 1980 - 1989 (14%, 169 units).
Grand Ledge, Michigan Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Grand Ledge, Michigan renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Grand Ledge, Michigan condos for rent is 2017.
Grand Ledge, Michigan Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Grand Ledge, Michigan renters have 2 or more vehicles available per household, 40% of them have 1 vehicle available, and 16% have No vehicle available.
Grand Ledge, Michigan Means of transportation to work of householders living in renter-occupied housing units**
Grand Ledge, Michigan Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Grand Ledge, Michigan apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
