Rental Prices Rose During Pandemic In Grand Rapids
Since the coronavirus pandemic began, many medium and large sized metropolitan areas in the United States saw a dip in rental prices as people left crowded cities for smaller towns. However, Grand Rapids and it s metro area saw just the opposite, an increase in rental pricing.
Since January of 2020, average rental prices have grown an estimated 3.8% year to year in Grand Rapids. According to a study by Apartment List, that sets rental prices to about:
Median One-Bedroom Rent: $868
Median Two-Bedroom Rent: $1,110
Those prices are pretty average compared to similarly sized cities, but the increase of 3.8% is well above the national average, which was actually a decrease of 1.5% in rental prices in 2020.