193 Luxury Apartments for rent in Grand Rapids, MI

Last updated November 21 at 8:26pm UTC
564 Pettibone Ave NW
West Grand
Grand Rapids, MI
Updated November 21 at 11:48am UTC
6 Bedrooms
$1,300
471 Spring NE
Midtown
Grand Rapids, MI
Updated November 21 at 11:49am UTC
3 Bedrooms
$1,345
331 Eureka Ave SE Uppr
East Hills
Grand Rapids, MI
Updated October 10 at 10:48am UTC
2 Bedrooms
$1,300
1791 Grand Court NE
Grand Rapids
Grand Rapids, MI
Updated November 10 at 11:30am UTC
3 Bedrooms
$1,450
354 Fuller Ave SE # 2
Eastown
Grand Rapids, MI
Updated October 10 at 10:49am UTC
4 Bedrooms
$2,000
211 Hollister Ave SE
East Hills
Grand Rapids, MI
Updated October 10 at 10:48am UTC
4 Bedrooms
$1,900
462 Spring NE
Midtown
Grand Rapids, MI
Updated November 21 at 11:50am UTC
3 Bedrooms
$1,200
847 Lyon St NE
Midtown
Grand Rapids, MI
Updated October 7 at 9:19am UTC
5 Bedrooms
$2,300
254 Henry Ave SE Uppr
East Hills
Grand Rapids, MI
Updated October 10 at 10:38am UTC
2 Bedrooms
$1,500
418 Barker Ave NW
West Grand
Grand Rapids, MI
Updated October 12 at 10:30am UTC
5 Bedrooms
$2,400
700 Cherry St SE # 1
Heartside-Downtown Grand Rapids
Grand Rapids, MI
Updated October 7 at 9:21am UTC
4 Bedrooms
$1,750
635 Clancy Ave NE
Belknap Lookout
Grand Rapids, MI
Updated November 16 at 12:24pm UTC
2 Bedrooms
$1,395
856 Lake Michigan Dr NW
SWAN
Grand Rapids, MI
Updated October 7 at 9:18am UTC
4 Bedrooms
$1,850
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November 2017 Grand Rapids Rent Report

Welcome to the November 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 cities throughout the state and nation.

View full Grand Rapids Rent Report
Rent Report
Grand Rapids

November 2017 Grand Rapids Rent Report

Welcome to the November 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 cities throughout the state and nation.

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 1.7% in comparison to the same time last year. Currently, median rents in Grand Rapids stand at $750 for a one-bedroom apartment and $910 for a two-bedroom. This is the seventh 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 2.4%, as well as the national average of 2.7%.

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, 9 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 $1,340; of the 10 largest cities in the state that we have data for, Flint, where a two-bedroom goes for $720, is the only major city to see rents fall year-over-year (-0.3%).
  • Warren, Dearborn, and Ann Arbor have all experienced year-over-year growth above the state average (7.7%, 5.9%, and 4.5%, respectively).

Grand Rapids rents more affordable than many large cities nationwide

As rents have increased slightly in Grand Rapids, other 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 2.7% over the past year compared to the 1.7% rise in Grand Rapids.
  • While Grand Rapids' rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • 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 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.