In Unit Washer & Dryer El Paso real estate is affordable with several large renter populations. Average Rent in Grand Rapids & Rent Prices by Neighborhood - RentCafe Please update your credit card information. This is excellent news since it protects the value of your investment. As of July 2023, the average apartment rent in Grand Rapids, MI is $942 for a studio, $1,565 for one bedroom, $1,574 for two bedrooms, and $2,037 for three bedrooms. El Paso is notable for its affordable real estate market. Maintenance on site 3 Bedroom Apartments for Rent in Grand Rapids, MI - RentCafe How many available rentals are there in Grand Rapids, MI? Zillow, Inc. holds real estate brokerage licenses in multiple states. Check back again soon! You've reached the maximum amount of code sends. Studio apartment living is ideal for young professionals or single individuals seeking to follow a minimalistic and simple way of life. Avg. Kitchen | We are sorry, the site has not properly responded to your request. To calculate the apartment rental trends in each city or neighborhood, ApartmentAdvisor evaluates thousands of available apartment listings in a given market and updates this information daily. 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. Getting around Eastown is straightforward with a transit score of 38. Grand Rapids real estate rose 139.23 percent during the past ten years, which equates to an average annual home appreciation rate of 9.11 percent and places the city in the top 10 percent nationally for real estate appreciation. Median Rent $1,650 Month-Over-Month Change $0 Year-Over-Year Change + $150 Available Rentals 385 Source: Zillow Rentals Data Price Range The price range for all bedrooms and all property types is $665 to $3,800. As of April 2022, Grand Rapids, MI Unemployment Rate is at 4.20%, compared to 4.30% last month and 6.60% last year. 3 Bedroom Houses for Rent in Grand Rapids MI - Zillow Kitchen You will be able to take advantage of the current low average rent prices of studio units in this area. Apartment rent in Grand Rapids has decreased by -37.5% in the past year. Select your school and find the perfect place nearby or on-campus. The average rent of a 2-bedroom apartment in Grand Rapids, MI is $1,375. However, the Grand Rapids housing market includes the larger metro area that is home to around a million people. The MSA comprises four counties which include the central county of Kent, and the outlying counties of Ionia, Montcalm, and Ottawa. Grand Rapids has enjoyed some of the greatest home appreciation rates in the nation over the past decade. Beds. The median asking price per square foot for homes was $148. In Unit Washer & Dryer The typical home value of homes in Grand Rapids-Wyoming Metro (49514) is $307,743, up 18.5% over the past year. The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Grand Rapids Michigan was 4.12% according to Census ACS data. The price of rent in Grand Rapids varies depending on several variables including but not limited to: the unit size, the count of bathrooms, and the location within Grand Rapids, MI. Duplex Home off Plainfield Ave in NE Grand Rapids, 1533 Forrest Ave NE APT 3, Grand Rapids, MI 49505. Rental Market Trends & Average Rent in Grand Rapids, MI | Rent. As of July 2023, the average apartment rent in Midtown Grand Rapids is $1,166 for a studio, $1,556 for one bedroom, $1,939 for two bedrooms, and $2,736 for three bedrooms. 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. Export Consider purchasing or renting a house in one of these desirable communities. Enjoy more benefits with an Avis Preferred Account. 526 sqft. Walk-In Closets, Dog & Cat Friendly Your session has expired. 2 Bedroom Apartments for Rent in Grand Rapids, MI - RentCafe $1,850. Please enter a valid corporate email address. In 2019 27.68% of households were renters according to Census ACS data. When deciding whether to rent in a certain location or not, it is crucial to take into account the additional living expenses of being in the given neighborhood. Creston, West Grand, and South East End are some of the greatest neighborhoods in and surrounding Grand Rapids, Michigan. The neighborhoods in Grand Rapids with the most apartments available are Downtown Grand Rapids, North Grand Rapids and West Grand Rapids. 5d+ ago. {{features.value}} litres, Confirmation: Grand Rapids Michigan Residential Rent and Rental Statistics From a 2016 post peak low of 2.39%, the rental vacancy rate has increased by 1.73%. Demographic growth and job growth are attracting residents to a market that cant grow with demand, and that makes it an excellent opportunity for investors. Avg. Do you require a bit more living space? Walk-In Closets For further queries use the Worldwide Phone Number List to find your Avis Customer Service telephone number. Get started with your Grand Rapids van rental reservation today. 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. Students looking to rent in Eastown while staying close to campus will have access to Aquinas College, Grand Rapids Community College, and Calvin College. {{vm.loyaltyDetails.points | number}} 2020 Grand Rapids median and average rent data will be released in September of 2021. {{trips.fromCode}} - hour hours, Starting Fuel Dishwasher Located in the Wolverine State, Grand Rapids, MI is a fantastic, vibrant and forward-thinking cosmopolitan city that is a great place to live and rent a property in. Rent Trends. You are logged in as {{vm.reservationModel.personalInfoRQ.firstName}} {{vm.reservationModel.personalInfoRQ.lastName}}. If you already have a 6 digit Wizard number, For added security, please enter the verification code that has been sent to your mobile number beginning with {{vm.securityAssessmentSummary.otpTokenverifiers.phoneNumber.value}}, For added security, please enter the verification code that has been sent to your email address beginning with {{vm.securityAssessmentSummary.otpTokenverifiers.emailAddress.value}}. To activate your account, click on the link we sent to your email at {{vm.securityAssessmentSummary.otpTokenverifiers.emailAddress.value}}. Grand Rapids, MI Rent Prices Last updated on July 3, 2023 As of July 2023, t he average rent for a 1-bedroom apartment in Grand Rapids, MI is $1,408. Maintenance on site In the last month, the average rent price in Grand Rapids for a 3 bedroom apartment increased by approximately 6%. Lace up your walking shoes because this area is considered a walkers paradise. Disposal, Dog & Cat Friendly 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. Wealthy Street and Lake Drive feature Eastown's main business district, with condos and homes for rent lining the nearby streets. Survey says Grand Rapids is 6th most competitive renters market $1,775 - 2,445. As a result of the rise in the citys population, the average rent for an apartment has also increased, but not at an excessive or ridiculously high rate. There were multiple major furniture manufacturers, colleges, and brewers in the area, but the city leaders sought to attract other businesses, as well. Houses For Rent in Grand Rapids MI - 115 Homes | Zillow We suggest you go and visit websites, such as apartments.com, to carry out further research, by using their apartment market intelligence solution, into homes or apartments for rent in Grand Rapids, to get a better understanding of what living in a property is really like through virtual 3D tours online. Refrigerator The average rent of a studio apartment in Grand Rapids, MI is $1,465. East Grand Rapids, Michigan boasts a combination of both contemporary and historic architecture, from centuries ago. The Apartments.com neighborhood guides provide you with insight into the areas transportation, things to do, and more. Make the most of your trip by streamlining your travel plans and by renting a van at the airport. 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. It was ranked as the top housing market nationwide by Trulia in the same study in 2017. This site is protected by reCAPTCHA Enterprise and the Google, {{vm.reservationModel.personalInfoRQ.firstName}} {{vm.reservationModel.personalInfoRQ.lastName}}, {{vm.customer.firstName}} {{vm.customer.lastName}}. Walk-In Closets Apartment rent in Grand Rapids has increased by 19.6% in the past year. '+rentalHistory.pickLoc.locationCode}}. Request a tour. Considering only the most recent twelve months, Grand Rapids appreciation rates were at 21.91 percent. Laguna Niguel, CA 92677, Copyright 2018 Norada Real Estate Investments, https://www.zillow.com/grandrapids-mi/home-values, https://www.neighborhoodscout.com/mi/grand-rapids/real-estate, https://www.redfin.com/city/8694/MI/Grand-Rapids/housing-market, https://www.realtor.com/realestateandhomes-search/Grand-Rapids_MI/overview, https://www.experiencegr.com/meetings-blog/post/grand-rapids-is-growing-and-people-are-noticing, https://www.mlive.com/news/index.ssf/2018/05/detroits_population_still_fall.html, https://realestate.usnews.com/places/michigan/grand-rapids, http://www.city-data.com/city/Grand-Rapids-Michigan.html, https://www.collegesimply.com/colleges-near/michigan/grand-rapids, Housing Market News 2023: Today's Market Update, US Housing Market 2023: Trends and Insights, Real Estate Housing Market Predictions & Forecast 2023, Is it a Good Time to Buy a House or Should I Wait Until 2024, Housing Market Forecast 2024 & 2025: Predictions for Next 5 Years, Will Home Prices Drop in 2023: Housing Market Predictions 2023, Mortgage Rates Predictions & Forecast 2023, Economic Forecast 2023: Forecast for Next 5-10 Years. Van Rental in Grand Rapids - Avis The average rent price for a 1-bed apartment in Grand Rapids, MI is currently $1,175. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom . Grand Rapids is expanding and is consistently regarded as having one of the nation's best and fastest-growing economies. Balcony At $937, real median gross rent in Grand Rapids was at its highest level in 2019 since the series began in 2005. In Unit Washer & Dryer Different neighborhoods of Grand Rapids, MI have different aspects at play but for the most part, you can have a quality house to rent out. This is a great starting point to begin your search, which will give you an excellent insight into what it is like to live in Grand Rapids, MI rental properties, and the living spaces they have available. 1 Bedroom Apartments For Rent in Grand Rapids MI | Zillow