Downtown Grand Rapids, Grand Rapids, MI Rental Market Trends
Last updated: February 25, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Grand Rapids is $1,787, a 0.89% increase compared to the previous year, when the average rent was $1,771.
Studio Apartments at $1,311 offer the most budget-friendly option with 442 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 670 square feet for $1,682, balancing privacy and affordability.
Two-beedroom units at $2,074 offer 1,006 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,323 sq ft) for $2,149, suitable for larger households.
Average rent in Downtown Grand Rapids, Grand Rapids, MI
Last updated: February 25, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,787 | 780 sq. ft. |
| Studio | $1,311 | 442 sq. ft. |
| 1 Bed | $1,682 | 670 sq. ft. |
| 2 Beds | $2,074 | 1,006 sq. ft. |
| 3 Beds | $2,149 | 1,323 sq. ft. |
Downtown Grand Rapids, Grand Rapids, MI rent trends
Rental prices in Downtown Grand Rapids, Grand Rapids, MI have increased by 0.89% over the past year. The average rent moved from $1,771 to $1,787.
What's the typical rent budget in Downtown Grand Rapids, Grand Rapids, MI?
The largest share of rentals in Downtown Grand Rapids, Grand Rapids, MI (40%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Grand Rapids, Grand Rapids, MI?
925 or 62% of the households in Downtown Grand Rapids, Grand Rapids, MI are renter-occupied while 556 or 38% are owner-occupied.
Most affordable neighborhoods in Downtown Grand Rapids?
Alger Heights $1,151/month
Millbrook $1,382/month
Ridgemoor $1,417/month
All of these neighborhoods fall below the city wide average of $1,547/month.Most expensive neighborhoods in Downtown Grand Rapids?
Midtown Grand Rapids $1,750/month
Downtown Grand Rapids $1,787/month
Belknap Lookout $1,828/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Grand Rapids, MI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Belknap Lookout | $1,828 |
| Downtown Grand Rapids | $1,787 |
| Midtown Grand Rapids | $1,750 |
| Michigan Oaks | $1,624 |
| Creston | $1,623 |
| West Grand | $1,588 |
| Northeast Grand Rapids | $1,559 |
| Heritage Hill | $1,446 |
| Westside Grand Rapids | $1,418 |
| Ridgemoor | $1,417 |
| Millbrook | $1,382 |
| Alger Heights | $1,151 |
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Grand Rapids | Rent Comparison by Neighborhood
Rent in Downtown Grand Rapids is 55% higher than in Alger Heights
$1,787
Downtown Grand Rapids rent is the same as Grand Rapids average
Average Rent
$1,787
$1,151
Alger Heights rent is 36% lower than Grand Rapids average
Average Rent
$1,151
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Grand Rapids apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.