Markets › Grand Rapids
Yearly benchmarkMoves monthlyMoves weeklyNews daily
Grand Rapids MI
Covers Grand Rapids, Wyoming and Kentwood.
Current market read
Landlord’s market
ConditionFirm
The yearly data reads a landlord's market, and the recent monthly signals are tightening further.
From public data. The situation now, not a forecast.
Renter Google searchabout 2,900 searches in July 2026 · HousesSee read →
Renter Google Search InterestGoogle · monthly
About 2,900 searches in July 2026, for Grand Rapids on its own
What renters Google mostHousesSee all →Attention, not a verdict. Google searches for apartments to rent.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Heating
Tightening lately, asking rents are climbing, as of Aug 2026.
VacancyCENSUS · 2024
Share of rentals sitting empty. Yearly Census backdrop, not what sets the condition.
Asking rentZILLOW · MONTHLY
+3.1%
▲ Year over year
SEP ’24AUG ’26
Census 2024: +6.8% · US avg +5.2%
Median rentCENSUS · 2024
$1,289/mo
Typical rent, 2024 yearly count
In the news · Grand RapidsNEWS · DAILY
Latest local coverage, 5 days ago.● softer● neutral● firmer
Developer plans to build apartments near Grand Rapids water tower$19M plan to turn former Grand Rapids school into 48 apartments approvedGov. Whitmer signs bills to address Michigan’s housing shortageView all 5 Grand Rapids news →Demand vs supplyCENSUS + BLS
Moderate demand
DEMAND
Jobs+0.7%
Migration 2025+0.69/1k
SUPPLY
Permits 2025+16.2%
Vacancy 20244.1%
Rent vs buyFREDDIE MAC · WEEKLY
+$1,043/mo
Cheaper to rent than buying
rent $1,289 · own $2,332
$1,289RENT
$2,332OWN
Net migrationCENSUS · 2025
+0.69/1k
▲ Net inflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.