Grand Rapids, 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 Rapids, Michigan rental market.
Grand Rapids, Michigan
Average Apartment Rent
$1,595
Y-o-Y Change in Average
Apartment Rent
2.2%
As of May 2026
Compared to a year ago, Grand Rapids, Michigan apartments have recorded a 2.2% rent increase.
Grand Rapids, Michigan Average apartment rent trend
Grand Rapids, Michigan Average Apartment Rent
Grand Rapids, Michigan Apartment rent ranges
At 41.55%, apartments priced $1,000 - $1,500 represent the bulk of Grand Rapids, Michigan rentals, while condos priced Over $3,000 hold the lowest share of the market – 1.13%.
Grand Rapids, Michigan Housing tenure**
Renters take up 45% of Grand Rapids, Michigan real estate, occupying a total of 35,938 units, while homeowners live in 43,071 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$42,861
Average household size of renter-occupied housing units**
2.21
Rental vacancy rate**
4%
Grand Rapids, Michigan Renter-occupied housing units by no. of bedrooms**
There are 13,221 rentals in Grand Rapids, Michigan with 2 beds making up the highest share of the market, at 37%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 880 units. Overall, the median number of rooms in Grand Rapids, Michigan homes for rent is 4.2.
Grand Rapids, Michigan Renter-occupied units by age of householder**
Most condos for rent in Grand Rapids, Michigan are occupied by residents in the 25 - 34 years age group (31%), followed by those in the 35 - 44 years age group (16%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Grand Rapids, Michigan Renter-occupied housing units by family type**
Grand Rapids, Michigan Renter-occupied housing units by the presence of own children**
A total of 14,041 apartments for rent in Grand Rapids, Michigan, or 39% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 8,558 units. All in all, the median size of a renter-occupied household in Grand Rapids, Michigan is 2.21.
Grand Rapids, Michigan Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Grand Rapids, Michigan.
Grand Rapids, Michigan Renter-occupied units by year structure built**
The highest share of Grand Rapids, Michigan apartment rentals, namely 35% or 12,452 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (11%, 3,795 units), and the ones Built 1990 - 1999 (10%, 3,613 units).
Grand Rapids, Michigan Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Grand Rapids, Michigan renters (40%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Grand Rapids, Michigan condos for rent is 2018.
Grand Rapids, Michigan Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Grand Rapids, Michigan renters have 1 vehicle available per household, 22% of them have 2 vehicles available, and 22% have No vehicle available.
Grand Rapids, Michigan Means of transportation to work of householders living in renter-occupied housing units**
Grand Rapids, 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 Rapids, 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
