Studio Park Lofts & Tower
122 Oakes St SW,
Grand Rapids, MI 49503
$1,215 - $3,265 | Studio - 2 Beds
Downtown Grand Rapids
Grand Rapids, MI
Downtown Grand Rapids - Grand Rapids, MI
Area Guide
Live in the heart of the River City.
Urban
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Riverfront
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Art
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Murals
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Historic
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Walkable
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Live-Work-Play
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Historic warehouses, brick-paved streets, and sidewalk cafes adorn Downtown Grand Rapids, the dynamic heart of the city. Downtown Grand Rapids, stretched along the Grand River and extending east to Lafayette Avenue, is home to several notable locations like the Grand Rapids Art Museum, the Grand Rapids Children's Museum, and Van Andel Arena. Directly across the river sits the Grand Valley State University: Pew Campus, the Grand Rapids Public Museum, and the Gerald Ford Presidential Museum.
The pedestrian-friendly downtown district is home to a variety of shops, restaurants, theaters, museums, and entertainment venues -- so much so that once you rent your Downtown Grand Rapids apartment, you may rarely leave the area. But when you do, bus stops are available throughout the area. You'll find several parks downtown, including Rosa Parks Circle, which is popular for ice skating and outdoor concerts; Heartside Park, which has a playground, a walking path, and benches; and the Veterans Memorial, a green space in the center of downtown that features a reflecting pond and statues.
Explore the Neighborhood
Rent Trends
As of April 2025, the average apartment rent in Downtown Grand Rapids is $1,142 for a studio, $1,557 for one bedroom, $1,926 for two bedrooms, and $2,396 for three bedrooms. Apartment rent in Downtown Grand Rapids has increased by 0.4% in the past year.
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Studio
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423 sq ft
Average Sq Ft
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$1,142/month
Average Rent
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1 BR
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602 sq ft
Average Sq Ft
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$1,557/month
Average Rent
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2 BR
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1,012 sq ft
Average Sq Ft
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$1,926/month
Average Rent
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3 BR
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1,350 sq ft
Average Sq Ft
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$2,396/month
Average Rent
Transportation
95
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
68
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
65
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Grand Rapids Children's Museum
- Grand Rapids Public Museum
- Roger B. Chaffee Planetarium
- John Ball Zoo
- Highland Park
Commuter Rail
Airports
- Gerald R Ford International
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.