13 Cheap Apartments for rent in Grand Rapids, MI

Last updated September 25 at 7:56PM
415 Marion Place NW
West Grand
Grand Rapids, MI
Updated September 23 at 11:12AM
1 Bedroom
$675
138 Kirtland St SW
Garfield Park
Grand Rapids, MI
Updated September 14 at 10:53AM
1 Bedroom
$600
919 5th St NW
West Grand
Grand Rapids, MI
Updated September 23 at 9:50AM
1 Bedroom
$595
1326 Sigsbee St SE # 2
Eastown
Grand Rapids, MI
Updated September 25 at 9:00AM
1 Bedroom
$675
731 First St NW #2
West Grand
Grand Rapids, MI
Updated September 21 at 11:43AM
1 Bedroom
$700
3395 Byron Center Ave SW
Wyoming
Wyoming, MI
Updated September 21 at 5:49PM
1 Bedroom
$705
Results within 5 miles of Grand Rapids, MI
1450 42nd St SE
Grand Rapids
Grand Rapids, MI
Updated September 25 at 5:33PM
1 Bedroom
$600
17 La Belle St SE
SECA
Grand Rapids, MI
Updated September 25 at 5:33PM
2 Bedrooms
$695
405 E Woodlawn Ave Apt 1
Hastings
Hastings, MI
Updated September 16 at 10:47AM
2 Bedrooms
$675
Results within 20 miles of Grand Rapids, MI
Wayne St SE
Grand Rapids
Grand Rapids, MI
Updated September 22 at 7:27AM
2 Bedrooms
$700
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Rent Report
Grand Rapids

September 2017 Grand Rapids Rent Report

Welcome to the September 2017 Grand Rapids Rent Report. Grand Rapids rents increased over the past month. In this report, we'll evaluate trends in the Grand Rapids rental market, including comparisons to similar cities nationwide.

Grand Rapids rents increased slightly over the past month

Grand Rapids rents have increased 0.3% over the past month, and are up slightly by 1.4% in comparison to the same time last year. Currently, median rents in Grand Rapids stand at $740 for a one-bedroom apartment and $900 for a two-bedroom. This is the fifth straight month that the city has seen rent increases after a decline in March. Grand Rapids' year-over-year rent growth lags the state average of 2.5%, as well as the national average of 3.0%.

Grand Rapids rents more affordable than many large cities nationwide

Rent growth in Grand Rapids has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Grand Rapids is still more affordable than most large cities across the country.

  • Other cities across the state have seen rents increase, with Michigan as a whole logging rent growth of 2.5% over the past year.
  • Grand Rapids' median two-bedroom rent of $900 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.4% rise in Grand Rapids.
  • While rents in Grand Rapids remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Grand Rapids than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is nearly three-and-a-half 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.