Meadowbrooke Apartment Homes
5012 Verdure Pky,
Grand Rapids, MI 49512
Studio - 2 Beds | $1,346 - $2,033
Rental Market Trends in Grand Rapids, MI
What is the average rent in Grand Rapids, MI?
$1,318/month
Average Rent
687 Sq Ft
Average Apartment Size
+3.5%
Increase in the Last Year
As of February 2025, the average rent in Grand Rapids, MI is $1,318 per month. This is 15% lower than the national average rent of $1,555/month, making renting in Grand Rapids more affordable than most cities in the US. When you rent an apartment in Grand Rapids, you can expect to pay about $1,111 per month for a studio, $1,318 for a one-bedroom apartment, and around $1,528 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,097 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Grand Rapids, MI?
In the past year, rent has increased by 3.5%, which averages out to $47 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Grand Rapids, MI
Last Updated February 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
6%
$700 - $1,000/month
51%
$1,001 - $1,500/month
29%
$1,501 - $2,000/month
11%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Grand Rapids?
Based on current rent prices, Highland Park, Millbrook and Heritage Hill are the most affordable neighborhoods in Grand Rapids.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Grand Rapids?
Based on current rent prices, Fulton Heights, West Grand and Roosevelt Park are the most expensive neighborhoods in Grand Rapids.
Neighborhood
Average Rent
Average Sq Ft
Which Grand Rapids neighborhoods have the most rentals available?
The neighborhoods in Grand Rapids with the most apartments available are Downtown Grand Rapids, North Grand Rapids and West Grand Rapids .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Grand Rapids, MI?
Because the average rent in Grand Rapids is $1,318, you’ll want to make about $4,393 per month or $52,716 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Grand Rapids, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Grand Rapids, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,238/month
$1,326/month
One Bedroom
$1,212/month
$1,525/month
Two Bedroom
$1,499/month
$1,565/month
Three Bedroom
-
$1,625/month
Nearby City Rent Trends
Apartment communities in Grand Rapids we think you'll love
Property Management Companies in Grand Rapids, MI
Eenhoorn, LLC
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29
Communities
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4,424
Units
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13
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11 Communities in Grand Rapids
KMG Prestige
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50
Communities
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5,313
Units
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35
Cities
10 Communities in Grand Rapids
DTN Management
-
34
Communities
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5,583
Units
-
18
Cities
10 Communities in Grand Rapids
Monarch Investment and Management Group
-
306
Communities
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74,903
Units
-
140
Cities
9 Communities in Grand Rapids
Land & Company
-
16
Communities
-
6,347
Units
-
10
Cities
9 Communities in Grand Rapids
Edward Rose & Sons
-
140
Communities
-
70,733
Units
-
86
Cities
8 Communities in Grand Rapids
Pure Real Estate
-
11
Communities
-
628
Units
-
4
Cities
7 Communities in Grand Rapids
Trinity Property Consultants
-
160
Communities
-
42,900
Units
-
102
Cities
5 Communities in Grand Rapids
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Methodology
† 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.
* Percentages may not total 100 due to rounding.