The average pay is well below the American average income, but houses are cheaper, too. Update. Export With that said, the average monthly rent for a 1-bed apartment in Grand Rapids, MI is still considerably more affordable than the national average rent of approximately $1,560 a month. Hardwood Floors, Dog & Cat Friendly
Wilcox Park to the north provides a welcome green space in this charming neighborhood. Justin Becker is a property owner in the state of Michigan and has a passion for managing communities. Please update the terms and condition section to go to Avis Preferred status. You can email the site owner to let them know you were blocked. The current increase in wage growth also is going to affect the housing and rental market. You must save a search in order to receive alerts. . {{trips.toCode}}. Adults who want room to spread out will love minivan rental too! In April 2022, the median listing price of a property in Grand Rapids, Michigan was $239,900, an increase of 15.3% year-over-year. Meanwhile, 1 bedroom apartments account for 28.71%, and 3+ bedroom apartments make up 27.72%. Beds. |
Students looking to rent in Eastown while staying close to campus will have access to Aquinas College, Grand Rapids Community College, and Calvin College. {{features.value}} Gal
To calculate the apartment rental trends in each city or neighborhood, ApartmentAdvisor evaluates thousands of available apartment listings in a given market and updates this information daily. - Apartment for rent. Elevator, Dog & Cat Friendly
And if you decide to flip it in the future, you are likely going to get a favorable return on investment with the property you purchase, no matter the location in the city. Real dollars are calculated using the CPI-U less shelter series. Average rent in Grand Rapids, Rental Market Data | ApartmentAdvisor How much has the rent in Grand Rapids, MI increased/decreased in the last month? The average rent of a studio apartment in Grand Rapids, MI is $1,465. Cloudflare Ray ID: 7e3aa7d07d0cdfdd Balcony, Showing 25 of 35 Results -
As of July 2023, the average apartment rent in Eastown is $1,227 for a studio, $1,433 for one bedroom, $1,730 for two bedrooms, and $2,068 for three bedrooms. However, the Grand Rapids housing market includes the larger metro area that is home to around a million people. Choose a 12-passenger van rental or 15-passenger van rental from Avis. Income restricted. Walk-In Closets
The average rent for a 3-bedroom apartment in Grand Rapids, MI is currently $1,695. The average age of rental buildings in Grand Rapids is 36 years old, with 25% being newer apartment buildings completed since 2000. 41 apartments available for rent in Grand Rapids, MI. How to Choose an Apartment Community Youll Love, 5 Tips For Moving into Your First Apartment, Moving Out of State: How to Start Your Apartment Search in a New State. 1 bd. In June 2023 the average rent price in Eastown, Grand Rapids, MI for a 3 bedroom apartment is $1,900 per month. Providing your country allows us to give you a more accurate rental estimate. About a third of Americans rent, whereas only a quarter of locals does. Kent County home values have gone up 17.6% over the past year and are currently holding at $308,077. Grand Rapids housing market is a relatively affordable place to invest. Check back again soon! Based on current rent prices, Midtown Grand Rapids, North Grand Rapids and Creston are the most expensive neighborhoods in Grand Rapids. Grand Rapids has a 2020 population of 203,644. Located within an hour's drive of Kalamazoo and Lansing, Grand Rapids is convenient to major highways and Gerald R. Ford International Airport, making for simple travels and commutes. Modifications may change your rate, and if so, the Car Selection page will redisplay. The price range for all bedrooms and all property types is $499 to $7,346. Rent Trends. Fitness Center
This is lower than the long-term average of 7.45%. For your security your account has been locked. The low unemployment rate attracts people from across the area, fueling demand for Grand Rapids rental homes. The rental price for a studio in the city has gone down by over $100 from where it was back in March, 2020, which was $964. Rent prices in Grand Rapids vary based on multiple factors including but not limited to: the unit size, the count of bathrooms, and the location within Grand Rapids, MI. Almost done! If you are looking at buying a house in Grand Rapids as a potential investment opportunity, you must read it till the end. Avoid renter's remorse - know what to look for in your next apartment. For every apartment rental unit in Grand Rapids, there are 18 people competing for that space, according to a new study by RentCafe. There were multiple major furniture manufacturers, colleges, and brewers in the area, but the city leaders sought to attract other businesses, as well. This average rent has increased by around 10% in the past month alone. Looking to rent a van with the ultimate seating capacity? The Grand Rapids area economy experienced a near 10% loss of employment growth in 2020, but that has rebounded with the most . The investment properties are designed to make money as rentals, which means you must look at it solely as an income-producing entity just like any other business. In the last month, the average rent price in Grand Rapids for a 3 bedroom apartment increased by approximately 6%. Grand Rapids is the fastest-growing community in Michigan. Pool
Wyoming home values have gone up 20.3% over the past year and are currently holding at $247,893. Apartments for rent in Grand Rapids, MI - ApartmentGuide.com At $937, nominal median gross rent in Grand Rapids was at its highest level in 2019 since the series began in 2005. The main factors are affordability, employment growth, and low vacancy rates. The average rent for a 2-bedroom apartment decreased by -2% to $1,710. Do you require a bit more living space? The most affordable neighborhoods to rent in this city, in terms of average rent prices per month, are: Therefore, if you are seeking a lower cost of living, we recommend looking into renting property in these Grand Rapids neighborhoods, where rent prices are much cheaper (average rent rates based on renter occupied comps). TREC: Information about brokerage services, Consumer protection notice. Rent Trends As of July 2023, the average apartment rent in Eastown is $1,227 for a studio, $1,433 for one bedroom, $1,730 for two bedrooms, and $2,068 for three bedrooms. This site is protected by reCAPTCHA Enterprise and the Google, {{vm.reservationModel.personalInfoRQ.firstName}} {{vm.reservationModel.personalInfoRQ.lastName}}, {{vm.customer.firstName}} {{vm.customer.lastName}}. We are sorry, we are unable to retrieve your Upcoming Reservations currently. Fitness Center
The average rent in Grand Rapids, MI is $1,369. His mission is to help 1 million peoplecreate wealthandpassive incomeand put them on the path tofinancial freedomwith real estate. Pool
This is partially due to people moving from areas lacking jobs hitting the stronger Grand Rapids economy before choosing to have those kids they always wanted. Walk-In Closets
Marco Santarelli is an investor, author, Inc. 5000 entrepreneur, and the founder of Norada Real Estate Investments a nationwide provider of turnkey cash-flow investment property. Housing prices are moving up in value throughout Grand Rapids, MI. The price of rent in Eastown varies depending on several variables including but not limited to: the unit size, the count of bathrooms, and the location within Eastown, Grand Rapids, MI. Dishwasher
As of July 2023, the average apartment rent in Grand Rapids, MI is $942 for a studio, $1,565 for one bedroom, $1,574 for two bedrooms, and $2,037 for three bedrooms. Eastown Apartments for Rent - Grand Rapids, MI - 16 Rentals In the last month, the average rent price in Eastown for a 3 bedroom apartment decreased by approximately 5%. Rent in Grand Rapids, MI is 24% lower than the national median. No warranty or guarantee of accuracy is offered or implied. Located within an hour's drive of Kalamazoo and Lansing, Grand Rapids is convenient to major highways and Gerald R. Ford International Airport, making for simple travels and commutes. The median asking price per square foot for homes was $148. 214 Lexington Ave Nw, Grand Rapids, MI 49504. It has fallen to 20th place with fewer than 700,000 people. As of June 25, 2022, the average rent for a 1-bedroom apartment in Grand Rapids, MI is currently $1,300. Your rental ends in {{rentalHistory.rentalEndsIn}}
This is, The median rent in Grand Rapids, MI is $1,600. Market Summary for Grand Rapids, MI $1,408 Median Rent 18% $213 Year-Over-Year Change 81 Apartments for rent Rent Ranges in Grand Rapids, MI Which Mobile Home Manufacturer is the Best? The most expensive neighborhoods to rent in this city, in terms of average rent prices per month, are: These more expensive neighborhoods to rent in are all situated in central locations, which means they are closer to the downtown district. Pool
$715/mo. El Paso is notable for its affordable real estate market. Eastown has two bedroom apartments that rent for around $1,730 per month. 2020 Grand Rapids median and average rent data will be released in September of 2021. Grand Rapids real estate rose 139.23 percent during the past ten years, which equates to an average annual home appreciation rate of 9.11 percent and places the city in the top 10 percent nationally for real estate appreciation. How do rent prices in Grand Rapids, MI compare with the national average? 526 sqft. Rental statistics show that the average monthly cost of renting a studio in Grand Rapids, MI is around $850. {{features.value}} litres, Current Fuel
The information contained in this article was pulled from third-party sites mentioned under references. This means that the cost of living is conveniently very much affordable. Days. Dishwasher
We suggest you go and visit websites, such as apartments.com, to carry out further research, by using their apartment market intelligence solution, into homes or apartments for rent in Grand Rapids, to get a better understanding of what living in a property is really like through virtual 3D tours online. Grand Rapids real estate rose 139.23 percent during the past ten years, which equates to an average annual home appreciation rate of 9.11 percent and places the city in the top 10 percent nationally for real estate appreciation. The average rent for a 2-bedroom apartment in Grand Rapids, MI is currently $1,400. On average, homes in Grand Rapids sell after 6 days on the market compared to 6 days last year. Different neighborhoods of Grand Rapids, MI have different aspects at play but for the most part, you can have a quality house to rent out. If the answer to these questions for you is Yes, then renting a 2-bed apartment may just be the thing you are after. For further queries use the Worldwide Phone Number List to find your Avis Customer Service telephone number. Any city with a large university will have a strong rental market catering to students, and the Grand Rapids real estate market has that due to schools like Aquinas College, Grand Rapids Community College, Calvin College, Davenport University, and Cornerstone University. The most recent quarter's Grand Rapids appreciation rates were 7.51 percent. Range, Dog & Cat Friendly
The median monthly gross residential rent in Grand Rapids, MI (the Grand Rapids-Wyoming metro area) was $937 in 2019 according to the Census ACS survey. Whether you are a beginner or a seasoned pro you probably realize the most important factor that will determine your success as a Real Estate Investor is your ability to find great real estate investments. Select your school and find the perfect place nearby or on-campus. Average Rent in Eastown, Grand Rapids, MI and Cost Information - Zumper
In July 2023 the average rent price in Eastown, Grand Rapids, MI for a 3 bedroom apartment is $1,800 per month. Grand Rapids, MI lies on the picturesque serene Grand River, blessing its residents with glistening riverfront views all year round. Stainless Steel Appliances
With that said, the Interurban Transit Partnership and DASH (Downtown Area Shuttle) provide urban residents with an efficient public transport bus service, enabling people to move around the city with relative ease. This measure looks at the number of renting households in Grand Rapids as a fraction of total Grand Rapids households. To activate your account, click on the link we sent to your email at {{vm.securityAssessmentSummary.otpTokenverifiers.emailAddress.value}}. Refrigerator
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In Grand Rapids, 98% of apartments are occupied, which is up 1.2% from last year and 1.7% higher than the national average. Most rentals in Grand Rapids, MI (35.31%) are 2 bedroom apartments, Grand Rapids cost of living index score is 87.8, which is a whopping 12.2 percent lower than the national average cost of living! If you wish to report an issue or seek an accommodation, please let us know. , 2. Average Rent in Grand Rapids & Rent Prices by Neighborhood - RentCafe 1 Bed, $1,725 - 1,995
Please Note: The Grand Rapids neighborhood of Baxter has the double advantage of having cheaper rent prices as well as being a centrally located neighborhood, being a mere stones throw from the heart of the city. Set a destination, transportation method, and your ideal commute time to see results. Enjoy more benefits with an Avis Preferred Account. . Almost done! {{features.value}} Gal
It is seeing many residents choose to trust in the future and have children. 1. The median rent for all bedrooms and all property types in Grand Rapids, MI is $1,650. Youll have plenty of space for multiple car safety seats, as well as cupholders and convenient access to anywhere in the van. Dishwasher
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You are logged in as {{vm.reservationModel.personalInfoRQ.firstName}} {{vm.reservationModel.personalInfoRQ.lastName}}. The MSA comprises four counties which include the central county of Kent, and the outlying counties of Ionia, Montcalm, and Ottawa. Beds. $1,595
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Apartment Type Average Sq Ft Average Rent Studio 447 Sq Ft $1,027/month One Bedroom 581 Sq Ft $1,097/month Two Bedroom 1,004 Sq Ft $1,459/month Three Bedroom 1,338 Sq Ft $2,542/month (616)-696-0820 | 400 Susan St., Cedar Springs, MI 49319. The average rent for a 1-bedroom apartment increased by 2% to $1,300, and the average rent for a 2-bedroom apartment remained flat. Apartments For Rent in Grand Rapids, MI - 2,541 Rentals - Page 3 The steady demand for properties will keep the prices for homes in the Grand Rapids real estate marketing growing at least at the rate of inflation for the foreseeable future. $1,374 - 2,395, Studio - 2 Beds
Consider purchasing or renting a house in one of these desirable communities. At $935, real average gross rent in Grand Rapids was at its highest level in 2019 since the series began in 2005. hour hours, Starting Fuel
We analyze our active inventory in real-time to find trends in rent prices across the country. In Unit Washer & Dryer
Studio apartment living is ideal for young professionals or single individuals seeking to follow a minimalistic and simple way of life. Select the Avis Wizard Number option to enter both your Avis Wizard Number and Last Name, Select the Discount Code option to enter an AWD (Avis Worldwide Discount), Coupon Code or Rate Code. Make sure you dont miss: Connection Failed or Some Error occurred. Also prominent in Grand Rapids are big apartment complexes or high-rise apartments (19.98 percent), duplexes, homes converted into apartments or other small apartment buildings (16.34 percent), and a few row houses and other connected residences (4.80 percent), according to NeighborhoodScout. Grand Rapids, MI is an increasingly popular city to move to, and it has experienced a steady population growth every year since 2010. You've reached the maximum amount of code sends. At $935, nominal average gross rent in Grand Rapids was at its highest level in 2019 since the series began in 2005. Well, here are some different benefits in opting for renter-occupied housing units: Renting in Grand Rapids, MI is fortunately an affordable option, which you should not hesitate to take advantage of. The Grand Rapids household renter fraction peaked in in 2014 at 28.89% and is now 1.21% below that level. For growing families looking for extra space and bedrooms, a three-bedroom apartment may be the best fit to meet your needs. Clubhouse, Dog & Cat Friendly
The median household income in Grand Rapids, MI is $65,615, which is lower than the national average of $68,000. 6. 1 Average gross rent in Grand Rapids was $935 in 2019. Restrictions and fees may apply for underage driver's. For listings in Canada, the trademarks REALTOR, REALTORS, and the REALTOR logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The neighborhoods in Grand Rapids with the most apartments available are Downtown Grand Rapids, North Grand Rapids and West Grand Rapids. Grand Rapids is currently growing at a rate of 0.43% annually and its population has increased by 8.32% since the most recent census, which recorded a population of 188,007 in 2010. The average rent price for a 1-bed apartment in Grand Rapids, MI is currently $1,175. Its diverse, growing economy is fostering a steadily increasing population and a strong housing market that are one of the best in the country for mid-sized cities. In Unit Washer & Dryer
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As of July 2023, the average rent in Grand Rapids, MI was $1,060/month. Grand Rapids is expanding and is consistently regarded as having one of the nation's best and fastest-growing economies. As a general policy, the Norada Real Estate Investments makes no claims or assertions about the future housing market conditions across the US. How to Find Investment Properties for Sale in 2023? When it comes to 1-bedroom apartments, the average rent in Grand Rapids, MN, is $800. The typical value of homes in Grand Rapids is $262,987 (ZHVI). If you already have a 6 digit Wizard number, For added security, please enter the verification code that has been sent to your mobile number beginning with {{vm.securityAssessmentSummary.otpTokenverifiers.phoneNumber.value}}, For added security, please enter the verification code that has been sent to your email address beginning with {{vm.securityAssessmentSummary.otpTokenverifiers.emailAddress.value}}. The average rent of a studio apartment in Grand Rapids is $1,295 per month. Studio Apartments for Rent in Grand Rapids, MI 214 Lexington Ave NW. . It was ranked as the top housing market nationwide by Trulia in the same study in 2017. Please have your travel manager verify the discount code in SAP Concur. As of July 8, 2023, the 1 bedroom apartment average rent in Grand Rapids, MI is $1,408. Fitness Center
Use the tool below to compare Grand Rapids, MI to other nearby cities and neighborhoods. Dishwasher
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There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Grand Rapids Renter Market Trends Rental market trends in Grand Rapids, MI Please reach out to press@rent.com for any media inquiries regarding this data. We analyze our active inventory in real-time to find trends in rent prices across the country. The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters. Note: Rates are calculated based on details you provide. Grand Rapids rent as a percent of median income, median household income data for Grand Rapids. This shows Grand Rapids rental properties are downright affordable. Refrigerator
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Detroit may have once been the poster child for Michigan, the truth today is that Grand Rapids is leading the way. For added security, we will send you a verification code to verify your identity. Rent Trends Grand Rapids also provides a lower cost of living than much of the rest of Michigan. $1,850. View Details Contact Property Today Compare Highland Place Apartments 405 Washington St SE, Grand Rapids, MI 49503 1 BED $1,250+ View Details Contact Property Today Compare Eastbrook Apartments 2329 Timberbrook Drive SE, Grand Rapids, MI 49546 Rent prices in Eastown vary based on multiple factors including but not limited to: the unit size, the count of bathrooms, and the location within Eastown, Grand Rapids, MI. In Unit Washer & Dryer
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Over the past month, the average rent for a .css-168z9kc{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;-webkit-appearance:none;-moz-appearance:none;-ms-appearance:none;appearance:none;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;-webkit-user-select:none;-moz-user-select:none;-ms-user-select:none;user-select:none;position:relative;white-space:nowrap;vertical-align:baseline;outline:2px solid transparent;outline-offset:2px;width:auto;line-height:var(--chakra-lineHeights-normal);border-radius:6px;font-weight:var(--chakra-fontWeights-medium);transition-property:var(--chakra-transition-property-common);transition-duration:var(--chakra-transition-duration-normal);background:var(--chakra-colors-transparent);border-width:0;cursor:pointer;font-family:var(--chakra-fonts-body);height:auto;min-width:var(--chakra-sizes-8);font-size:16px;-webkit-padding-start:var(--chakra-space-5);padding-inline-start:var(--chakra-space-5);-webkit-padding-end:var(--chakra-space-5);padding-inline-end:var(--chakra-space-5);padding:0px;color:var(--chakra-colors-blue-800);-webkit-text-decoration:underline;text-decoration:underline;}.css-168z9kc:focus,.css-168z9kc[data-focus]{box-shadow:var(--chakra-shadows-none);outline:2px solid transparent;outline-offset:2px;}.css-168z9kc[disabled],.css-168z9kc[aria-disabled=true],.css-168z9kc[data-disabled]{opacity:0.4;cursor:not-allowed;box-shadow:var(--chakra-shadows-none);}.css-168z9kc:hover,.css-168z9kc[data-hover]{color:var(--chakra-colors-blue-800);-webkit-text-decoration:underline;text-decoration:underline;}.css-168z9kc:focus-visible{outline:2px solid transparent;outline-offset:2px;border-color:var(--chakra-colors-neutral-500);box-shadow:var(--chakra-shadows-outline);}.css-168z9kc:active,.css-168z9kc[data-active]{color:var(--chakra-colors-gray-700);}1-bedroom apartment in Eastown decreased by -11% to $1,310.