How many apartments are available in 49507 on Rentable.co?

Rentable.co has 32 apartments available for rent in 49507.

What is the average rent for an apartment in 49507?

The average rent for an apartment in 49507 is around $1,200 per month.

What is the average rent for a two-bedroom apartment in 49507?

The average rent for a two-bedroom apartment in 49507 is around $1,050 per month.

What is the average rent for a one-bedroom apartment in 49507?

The average rent for a one-bedroom apartment in 49507 is around $895 per month.

Apartments in 49507

Grand Rapids:
November Rent Report

Welcome to the November 2024 Grand Rapids Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 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

$1,800

$1,350

$900

$450

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

1 BR 2 BR

Grand Rapids Rent Prices Decrease From October to November

Grand Rapids rent prices decreased over the last month. From October to November, the city experienced a -0.14% decrease for the price of a one-bedroom apartment. The rent price for a Grand Rapids one-bedroom apartments currently stands at $1,407.0.

When we take a look at the two-bedroom comparison from October to November, Grand Rapids experienced a -0.36% decrease for the price of a two-bedroom apartment. The rent price for a Grand Rapids two-bedroom apartments currently stands at $1,641.0.

November Prices: Grand Rapids vs. Surrounding Areas

Holland, MI

Grand Rapids, MI

Wyoming, MI

Walker, MI

Caledonia, MI

Kentwood, MI

$1,481

$1,409

$1,355

$1,214

$1,193

$1,010

$500

$1,000

$1,500

$2,000

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 2 of the Grand Rapids suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Kentwood, MI, Caledonia, MI .
Rent decreased in Holland, MI, Wyoming, MI, Walker, MI.
1 suburb is currently priced higher than the city of Grand Rapids.
4 suburbs are currently priced lower than the city of Grand Rapids.

November 2024 Pricing Trends: Grand Rapids vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Grand Rapids, MI

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,211

$3,115

$2,373

$2,354

$1,903

$1,409

$1,338

$1,246

$1,202

$1,400

$2,800

$4,200

$5,600

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 November	1 BR M/M % Change	2 BR November	2 BR M/M % Change
Grand Rapids, MI	$1,409.0	0.36%	$1,647.0	-2.26%
Kentwood, MI	$1,010.0	0.30%	$1,762.0	-1.45%
Holland, MI	$1,481.0	-6.91%	$1,382.0	0.44%
Wyoming, MI	$1,355.0	0.00%	$1,598.0	-3.97%
Walker, MI	$1,214.0	0.00%	$1,212.0	1.25%
Caledonia, MI	$1,193.0	3.11%	$2,086.0	-4.79%

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.