Apartments in Garfield Park Grand Rapids

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$1,000 - 1,250
Wyoming, MI
2 BR | Available Now
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21
$895
Grand Rapids, MI
1 BR | Available Now
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10
$1,150
Grand Rapids, MI
3 BR | Available Now
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20
$1,200
Grand Rapids, MI
3 BR | Available Now
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$1,099 - 1,299
2340 Michael Ave SW Wyoming, MI
1 - 2 BR | May. 17, 2024
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9
$995
Grand Rapids, MI
3 BR | Available Now
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18
$1,695
Grand Rapids, MI
3 BR | Available Now
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37
$3,200
Grand Rapids, MI
5 BR | Available Now
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22
$1,550
Grand Rapids, MI
2 BR | Available Now
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13
$1,395
958 Bates St SE Grand Rapids, MI
3 BR | Available Now
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Baxter
15
$2,800
Grand Rapids, MI
4 BR | Aug. 15, 2024
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12
$1,995
Grand Rapids, MI
4 BR | Jul. 19, 2024
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3
$975 - 1,275
834 Sherman St SE Grand Rapids, MI
1 - 2 BR | Available Now
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Section 8
Baxter
48
$2,300
Grand Rapids, MI
5 BR | Available Now
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20
$2,800
Grand Rapids, MI
5 BR | Jun. 1, 2024
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24
$2,750
Grand Rapids, MI
5 BR | Aug. 15, 2024
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Grand Rapids:
May Rent Report

Welcome to the May 2024 Grand Rapids Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Grand Rapids rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Grand Rapids and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Grand Rapids average rent prices in the chart below.

Monthly Rent Report

$1,750
$1,310
$880
$440
$0
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
1 BR       2 BR

Grand Rapids Rent Prices Decrease From April to May

Grand Rapids rent prices decreased over the last month. From April to May, the city experienced a -0.15% decrease for the price of a one-bedroom apartment. The rent price for a Grand Rapids one-bedroom apartments currently stands at $1,363.0.

When we take a look at the two-bedroom comparison from April to May, Grand Rapids experienced a 1.55% increase for the price of a two-bedroom apartment. The rent price for a Grand Rapids two-bedroom apartments currently stands at $1,574.0.

May Prices: Grand Rapids vs. Surrounding Areas

Ada, MI
Grand Rapids, MI
Wyoming, MI
Holland, MI
Walker, MI
Kentwood, MI
Caledonia, MI
$1,783
$1,365
$1,332
$1,294
$1,214
$1,164
$1,000
$0
$600
$1,200
$1,800
$2,400
Median 1 BR Rent

Rent Prices in Grand Rapids and Surrounding Areas

Rent prices have decreased in Grand Rapids over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Grand Rapids suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Kentwood, MI, Holland, MI, Ada, MI, Wyoming, MI .

  • Rent decreased in Walker, MI, Caledonia, MI.

  • 1 suburb is currently priced higher than the city of Grand Rapids.

  • 5 suburbs are currently priced lower than the city of Grand Rapids.

May 2024 Pricing Trends: Grand Rapids vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Grand Rapids, MI
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,056
$3,039
$2,377
$2,336
$1,913
$1,365
$1,300
$1,283
$1,178
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Grand Rapids Rent Prices More Affordable Than Major Cities

Rent growth in Grand Rapids over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Grand Rapids average rent prices appear to be relatively affordable for local residents.

The price for a Grand Rapids one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Grand Rapids and surrounding area rent prices, take a look at the complete data set below.

Data set for Grand Rapids and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Grand Rapids, MI $1,365.0 -0.51% $1,550.0 0.07%
Kentwood, MI $1,164.0 8.28% $2,064.0 11.15%
Holland, MI $1,294.0 0.23% $1,390.0 0.43%
Ada, MI $1,783.0 0.17% $2,435.0 0.17%
Wyoming, MI $1,332.0 0.30% $1,378.0 -1.08%
Walker, MI $1,214.0 0.00% $1,219.0 0.00%
Caledonia, MI $1,000.0 -1.87% $2,186.0 2.39%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.