11 Cheap Apartments for rent in Grand Rapids, MI

Last updated January 16 at 2:29pm UTC
899 Hardwick Dr SE
Grand Rapids
Grand Rapids, MI
Updated January 11 at 12:10pm UTC
1 Bedroom
$725
908 Pastiche Dr SE
Grand Rapids
Grand Rapids, MI
Updated January 11 at 12:09pm UTC
1 Bedroom
$650
1121 Broadway Ave NW
West Grand
Grand Rapids, MI
Updated January 16 at 10:05am UTC
2 Bedrooms
$700
958 Bates St SE
Baxter
Grand Rapids, MI
Updated January 11 at 12:10pm UTC
1 Bedroom
$695
520 Crescent Street NE 4
Belknap Lookout
Grand Rapids, MI
Updated January 15 at 12:45pm UTC
Studio
$725
1018 Kalamazoo Ave SE # 1
South East End
Grand Rapids, MI
Updated January 11 at 11:54am UTC
1 Bedroom
$725
205 Valley Ave NW Apt 4
John Ball Park
Grand Rapids, MI
Updated January 16 at 11:10am UTC
1 Bedroom
$725
Results within 1 miles of Grand Rapids, MI
Apartment List detective logo

Keep Looking!

Try removing some filters or broadening your
search area to see more results.

Apartment List detective logo

Zoom in to see more.

Trying to get a feel for the larger area? No problem.
When you're ready, zoom in again to see pins and listings.

Apartment List sad heart

Something went wrong.

Please try your search again or reload the page.

January 2018 Grand Rapids Rent Report

Welcome to the January 2018 Grand Rapids Rent Report. Grand Rapids rents remained steady over the past month. In this report, we'll evaluate trends in the Grand Rapids rental market, including comparisons to cities throughout the state and nation.

View full Grand Rapids Rent Report
Rent Report
Grand Rapids

January 2018 Grand Rapids Rent Report

Welcome to the January 2018 Grand Rapids Rent Report. Grand Rapids rents remained steady over the past month. In this report, we'll evaluate trends in the Grand Rapids rental market, including comparisons to cities throughout the state and nation.

Grand Rapids rent trends were flat over the past month

Grand Rapids rents have remained flat over the past month, however, they have increased slightly by 1.2% year-over-year. Currently, median rents in Grand Rapids stand at $750 for a one-bedroom apartment and $910 for a two-bedroom. Grand Rapids' year-over-year rent growth lags the state average of 2.4%, as well as the national average of 2.8%.

Rents rising across cities in Michigan

Throughout the past year, rent increases have been occurring not just in the city of Grand Rapids, but across the entire state. Of the largest 10 cities that we have data for in Michigan, all of them have seen prices rise. The state as a whole logged rent growth of 2.4% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Dearborn is the most expensive of all Michigan's major cities, with a median two-bedroom rent of $1,300; of the 10 largest Michigan cities that we have data for, all have seen rents rise year-over-year, with Warren experiencing the fastest growth (+9.0%).
  • Dearborn, Ann Arbor, and Lansing have all experienced year-over-year growth above the state average (5.7%, 4.2%, and 2.8%, respectively).

Grand Rapids rents more affordable than many large cities nationwide

As rents have increased slightly in Grand Rapids, a few large cities nationwide have seen rents grow more quickly. Grand Rapids is still more affordable than most large cities across the country.

  • Grand Rapids' median two-bedroom rent of $910 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 1.2% increase in Grand Rapids.
  • While Grand Rapids' rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Grand Rapids than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is more than three times the price in Grand Rapids.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.