Rent Tracker
Rent Inflation in Grand Rapids, MI
The average asking rent in Grand Rapids, MI is $1,645/month as of 2026-06. That is +2.9% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,645/mo
as of 2026-06
Year-over-Year Change
+2.9%
24-Month Rent Trend
Monthly ZORI index values for Grand Rapids, MI.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-06 | $1,645 | +0.61% |
| 2026-05 | $1,635 | +0.62% |
| 2026-04 | $1,625 | +0.49% |
| 2026-03 | $1,617 | +0.68% |
| 2026-02 | $1,606 | +0.00% |
| 2026-01 | $1,606 | +0.31% |
| 2025-12 | $1,601 | -0.06% |
| 2025-11 | $1,602 | +0.25% |
| 2025-10 | $1,598 | -0.06% |
| 2025-09 | $1,599 | -0.37% |
| 2025-08 | $1,605 | +0.06% |
| 2025-07 | $1,604 | +0.31% |
| 2025-06 | $1,599 | +1.01% |
| 2025-05 | $1,583 | +1.09% |
| 2025-04 | $1,566 | +0.90% |
| 2025-03 | $1,552 | +0.39% |
| 2025-02 | $1,546 | +0.26% |
| 2025-01 | $1,542 | +0.19% |
| 2024-12 | $1,539 | +0.33% |
| 2024-11 | $1,534 | -0.58% |
| 2024-10 | $1,543 | -0.19% |
| 2024-09 | $1,546 | -0.26% |
| 2024-08 | $1,550 | +0.78% |
| 2024-07 | $1,538 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
Compare All Cities
Open Full Rent Tracker →Other Cities
Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices