Surprisingly, the cost of Grand Rapids, MI rent for a two-bedroom apartment is hardly more than renting a 1-bed apartment! Please activate your profile to view upcoming reservations. Survey says Grand Rapids is 6th most competitive renters market Use the tool below to compare Grand Rapids, MI to other nearby cities and neighborhoods. Sq. Dishwasher Grand Rapids home values have gone up 17.7% over the past year and 191.5% over the past decade. 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.1 Average gross rent in Grand Rapids was $935 in 2019. As of April 2022, Grand Rapids, MI Unemployment Rate is at 4.20%, compared to 4.30% last month and 6.60% last year. Please enter your details and search again. . Houses For Rent in Grand Rapids MI - 114 Homes | Zillow For Rent For Sale Price Price Range Minimum - Maximum Apply Beds & Baths Bedrooms Bathrooms Apply Home Type (1) Home Type Houses Apartments/Condos/Co-ops Townhomes More filters Move-in Date Square feet - Lot size - Year built - Basement Has basement Number of stories Single-story only Tours These are the best neighborhoods in Grand Rapids for long-term real estate investment because they have the highest appreciation rates. Please choose a way to receive your verification code. Days, Your rental ends in {{rentalHistory.hoursInRental}} Reservations are not affected, however, some functionality may not be available during this time. Looking for a studio apartment in the Eastown neighborhood? For growing families looking for extra space and bedrooms, a three-bedroom apartment may be the best fit to meet your needs. 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. Grand Rapids, MI is a large city with approximately 203,000 inhabitants today. Act now and your $ purchase will include 9 additional FREE application submissions to participating properties. The main factors are affordability, employment growth, and low vacancy rates. In July 2023 the average rent price in Grand Rapids, MI for a 3 bedroom apartment is $1,795 per month. The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters. We analyze our active inventory in real-time to find trends in rent prices across the country. Grand Rapids, MI is an increasingly popular city to move to, and it has experienced a steady population growth every year since 2010. Dishwasher Grand Rapids housing market is a relatively affordable place to invest. Please update your credit card information. Rent Trends. He owns both apartment complexes and mobile home communities and has been writing his own blogs for his properties for several years. El Paso is notable for its affordable real estate market. Kitchen Apartments For Rent in Grand Rapids, MI - 2,541 Rentals - Page 3 Apartment rent in Grand Rapids has increased by 19.6% in the past year. 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. 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. I've gone with the housing units measure here. Kent County home values have gone up 17.6% over the past year and are currently holding at $308,077. Commercial Exchange is the #1 source for Retail property listings in Grand Rapids, MI Retail for Lease Grand Rapids, MI 49546 Convenient location between I-96 and Cascade Road Newly renovated facade Strong demographics and excellent visibility Pylon and building signage available 300 plus parking spaces Estimated CAM $4.90 PSF Retail for Lease (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). We created a seamless online experience for you - from shopping on the largest rental network, to applying, to paying rent. Dishwasher And if youre heading on a road trip to Chicago or Minneapolis, youll love having a practical van rental to get you there. You are logged in as {{vm.customer.firstName}} {{vm.customer.lastName}}. Buying an investment property is different from buying an owner-occupied home. Detroit may have once been the poster child for Michigan, the truth today is that Grand Rapids is leading the way. $1,775 - 2,445. As of July 2023, the average apartment rent in Grand Rapids, MI is $1,006 for a studio, $1,113 for one bedroom, $1,246 for two bedrooms, and $2,407 for three bedrooms. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. This measure looks at the number of renting households in Grand Rapids as a fraction of total Grand Rapids households. Please update the terms and condition section to go to Avis Preferred status. The current average rent for a 2-bed apartment is $1,200 a month. Save money and start fresh using these tips and tricks. Low Income Apartments for Rent in Grand Rapids, MI - Zumper These are the available options that may be redeemed. That is well below the national average. Apartment rent in Eastown has increased by 7.6% in the past year. 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! At $937, nominal median gross rent in Grand Rapids was at its highest level in 2019 since the series began in 2005. Average Rent in Grand Rapids, MI Last updated 7/4/2023 Average Apartment Cost in Grand Rapids, MI The average rent for apartments in Grand Rapids, MI, is between $ 1,261 and $ 1,414 in 2023. Data on deptofnumbers.com is for informational purposes only. 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. When it comes to 1-bedroom apartments, the average rent in Grand Rapids, MN, is $800. Please try again. Rent Special College Hill Apartments 510 College Ave, Grand Rapids, MI 49503 $1,330 - $1,450 | Available Now Email (616) 952-2912 Videos | Virtual Tour Chateau Village and Deer View Apartments 1860 R W Berends Dr SW, Wyoming, MI 49519 $1,350 - $1,550 | Available Now Last updated 4/20/2023 Average Apartment Cost in Grand Rapids, MN The average rent for apartments in Grand Rapids, MN, is between $800 and $900 in 2023. WELCOME, {{vm.customer.firstName | uppercase }}, WELCOME {{vm.customer.firstName | titleCase}}, WELCOME, {{vm.customer.firstName | uppercase}}, Welcome, {{vm.customer.firstName| uppercase}}, Welcome {{vm.customer.firstName| titleCase}}, Avis location at Gerald R. Ford International Airport. The average rent in Grand Rapids, MI is $1,369. This is, Do Not Sell or Share My Personal Information, 442-H New York Standard Operating Procedures. The Grand Rapids household renter fraction peaked in in 2014 at 28.89% and is now 1.21% below that level. Grand Rapids is poised to attract people and have strong demand for housing in the market. Comments Off on The Average Rent in Grand Rapids, Michigan. In Unit Washer & Dryer 2 Bedroom Apartments for Rent in Grand Rapids, MI - RentCafe Disposal, Dog & Cat Friendly Kitchen Income restricted. three bedroom apartments in Eastown are usually priced around $2,068 per month. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom . Rent data is provided by CoStar Groups Market Trend reports. @media(min-width:0px){#div-gpt-ad-deptofnumbers_com-banner-1-0-asloaded{max-width:250px!important;max-height:250px!important}}if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'deptofnumbers_com-banner-1','ezslot_6',124,'0','0'])};__ez_fad_position('div-gpt-ad-deptofnumbers_com-banner-1-0'); You can calculate the renter fraction in Grand Rapids in at least two ways: by housing units or by population. For a 2-bedroom apartment, the average rent is $900. Walk-In Closets, Dog Friendly Montcalm County home values have gone up 13.9% over the past year and are currently holding at $192,832. In Unit Washer & Dryer Sq. Which Mobile Home Manufacturer is the Best? Grand Rapids 292 Office Spaces for Rent in Grand Rapids, MI Sort By Best Match Next Page Coworking 77 Monroe Center Street Northwest The Factory 77 Monroe Center Street Northwest #600, Grand Rapids, MI Services Virtual Office Open Workspace Meeting Room Dedicated Desk Amenities Wi-Fi Parking Coffee/Tea TV/Monitor Print/Scan/Copy Bike Rack The average rent of a 2-bedroom apartment in Grand Rapids, MI is $1,375. At that rate, a homeowner with a home worth $150,000, about the median home value in the county, would pay $2,265 annually in property taxes. Fitness Center Not to mention, Grand Rapids is also known as Beer City, USA, but thats a story for another time ;). This is a 10% increase compared to the previous year. Kitchen Or are you hoping to be able to host guests in a spare room? If you are earning at least the average annual salary in Grand Rapids, you should even find yourself the luxury of being able to afford the average rent of a 3-bed apartment unit or home, which is $1,365 a month. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. Expect to pay around $1,227 per month. 526 sqft. 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. Grand Rapids Real Estate Market: Prices | Trends | Forecasts 2022 If The Housing Market Crashes What Happens To Interest Rates? Save your current search and get the latest updates on new listings matching your search criteria! The average rent price for a 1-bed apartment in Grand Rapids, MI is currently $1,175. Anyone who wishes to rent out a room or property on Airbnb in Grand Rapids must receive a license from the city. In May 2022, Grand Rapids home prices were up 15.8% compared to last year, selling for a median price of $275K (source: Redfin). Dishwasher Check back again soon! TREC: Information about brokerage services, Consumer protection notice. Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units. The information contained in this article was pulled from third-party sites mentioned under references. You can email the site owner to let them know you were blocked. Dishwasher Fitness Center 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. On various real estate websites, you will be able to use virtual tours online to get a good idea of the homes on offer, and all of their rooms. Based on current rent prices, Midtown Grand Rapids, North Grand Rapids and Creston are the most expensive neighborhoods in Grand Rapids. The Grand Rapids area economy experienced a near 10% loss of employment growth in 2020, but that has rebounded with the most . 1 Bed, $1,725 - 1,995 The unemployment rate in Grand Rapids is less than 5%. Neighborhood vs. The average annual salary in Grand Rapids, MI is $61,000. Zumper is built by passionate people in San Francisco. Average rent in Grand Rapids | Rental Housing Market 2023 Point2 Avg. 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 The Grand Rapids area has a strong economy and a younger than the average population. With a median listing price of $437K, Downtown Grand Rapids is the most expensive neighborhood. on The Average Rent in Grand Rapids, Michigan, Mobile Homes for Rent in Cedar Springs, MI, Mobile Homes for Sale in Cedar Springs, MI, The Average Rent in Grand Rapids, Michigan, Why choose to rent instead of purchasing a property, How to Transfer a Mobile Home Title in Michigan, The Highest Quality Pre-Owned Mobile Homes in Michigan. Average Rent in Grand Rapids & Rent Prices by Neighborhood - RentCafe 6. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis . 2 Beds, We found 25 more rentals matching your search near Eastown - Grand Rapids, MI, Dog & Cat Friendly Investing in Grand Rapids rental property can yield a favorable return on investment. Adults who want room to spread out will love minivan rental too! car. In the last year, rent has increased by $100 compared to the previous year. Wealthy Street and Lake Drive feature Eastown's main business district, with condos and homes for rent lining the nearby streets. Dishwasher In Unit Washer & Dryer Modifications may change your rate, and if so, the Car Selection page will redisplay. About a third of Americans rent, whereas only a quarter of locals does. In Unit Washer & Dryer If you wish to report an issue or seek an accommodation, please let us know. Ranee Dewey, Community Manager(616) 696-0820. Ottawa County home values have gone up 22.6% over the past year and are currently holding at $341,015. Grand Rapids has enjoyed some of the greatest home appreciation rates in the nation over the past decade. Lace up your walking shoes because this area is considered a walkers paradise. 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. , 2. This shows Grand Rapids rental properties are downright affordable. 1 bedroom apartments for rent Heartside-Downtown Grand Rapids, 1 bedroom apartments for rent Belknap Lookout. The average age of rental buildings in Grand Rapids is 36 years old, with 25% being newer apartment buildings completed since 2000. This means that the cost of living is conveniently very much affordable. The rental data for, Discover The Most Affordable Neighborhoods in Grand Rapids, Discover The Most Expensive Neighborhoods in Grand Rapids, Discover The Most Popular Neighborhoods in Grand Rapids, Estimates for the most recent period have a high degree of uncertainty due to limited data for this bedroom type in. I'm interested in Buying a homeRenting a home. The fraction of median Grand Rapids household income required to pay median monthly gross rent peaked in 2010 (relative to the 2005 series origin) at 17.81%. East Grand Rapids, Michigan boasts a combination of both contemporary and historic architecture, from centuries ago. Fitness Center Privacy policy. Almost done! It is more than 79.97 percent of the nation's cities and towns. Dishwasher Fitness Center Update. Disposal, Dog & Cat Friendly For full Avis and Amazon benefits, after logging in with Amazon you'll need to log in to Avis and link your accounts. Location services must be enabled to choose your . Studio apartment living is ideal for young professionals or single individuals seeking to follow a minimalistic and simple way of life. In July 2023 the average rent price in Eastown, Grand Rapids, MI for a 3 bedroom apartment is $1,800 per month. Considering only the most recent twelve months, Grand Rapids appreciation rates were at 21.91 percent.
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grand rapids average rent
