Grand Rapids is the 55th largest multifamily market with 77,997 completed units and 14,011 units in development, 3,965 of which have already broken ground, as of September 2022.
Grand Rapids Multifamily Market Summary – September 2022
New lease asking rents are at $1,293, up 9.9%▲
from the previous year placing Grand Rapids at
46th overall in year-over-year rent growth.
Grand Rapids Multifamily Market Summary – August 2022
New lease asking rents are at $1,281, up 10.6%▲
from the previous year placing Grand Rapids at
53rd overall in year-over-year rent growth.
Grand Rapids Multifamily Market Summary – July 2022
New lease asking rents are at $1,277, up 12.3%▲
from the previous year placing Grand Rapids at
48th overall in year-over-year rent growth.
Grand Rapids Multifamily Market Summary – June 2022
New lease asking rents are at $1,261, up 12.4%▲
from the previous year placing Grand Rapids at
57th overall in year-over-year rent growth.
Grand Rapids Multifamily Market Summary – May 2022
New lease asking rents are at $1,244, up 12.8%▲
from the previous year placing Grand Rapids at
54th overall in year-over-year rent growth.
Grand Rapids Multifamily Market Summary – April 2022
New lease asking rents are at $1,225, up 13.1%▲
from the previous year placing Grand Rapids at
51st overall in year-over-year rent growth.
Grand Rapids Multifamily Market Summary – March 2022
New lease asking rents are at $1,197, up 12.4%▲
from the previous year placing Grand Rapids at
63rd overall in year-over-year rent growth.
Grand Rapids Multifamily Market Summary – February 2022
New lease asking rents are at $1,196, up 13.6%▲
from the previous year placing Grand Rapids at
50th overall in year-over-year rent growth.
Grand Rapids Multifamily Market Summary – January 2022
New lease asking rents are at $1,189, up 13.8%▲
from the previous year placing Grand Rapids at
49th overall in year-over-year rent growth.
Grand Rapids Multifamily Market Summary – December 2021
New lease asking rents are at $1,164, up 11.5%▲
from the previous year placing Grand Rapids at
58th overall in year-over-year rent growth.
