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City Report · MI

Grand Ledge

Pop. 7,804·33rd most expensive in Michigan·Rental market data updated monthly for Grand Ledge, MI
Median rent (all units)
$1,663/mo
Year-over-Year
Stable
Month-over-Month
+15.3%
vs US Median
-$299
Rising (Monthly)
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Most AffordableMost Expensive
Grand Ledge · $1,663
More affordable than 65% of US cities · National median $1,962/mo
Affordability
29% of income
AFFORDABLE
0%30% benchmark60%+

At $1,663/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$67,000/yr
Local median income
$68,980/yr
Based on the 30%-of-income rule using Grand Ledge's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$840
1 BR
$880
2 BR
$1,090
3 BR
$1,420
4 BR+
$1,520
Fair Market Rent (HUD)
$1,090/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,663 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$19,956/yr
At $1,663/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +15.3% MoM), not inventory.
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Demographics

Who lives here

Grand Ledge, MI is majority owner-occupied, has a large retiree population, 37.4% of residents hold a bachelor's degree or higher.

Population
7,804
Median income
$68,980
Median age
44.7
Renters
32.5%
Age distribution
18.9%
17.6%
25.6%
14.1%
23.8%
Under 1818.9%
18–3417.6%
35–5425.6%
55–6414.1%
65+23.8%
Gender
47.5%
52.5%
Male47.5%
Female52.5%
Race & ethnicity
90.2%
White90.2%
Black1.1%
Hispanic5.1%
Asian0.5%
Other3.1%
Education (25+)
28.6%
30.6%
37.4%
No HS diploma3.3%
HS diploma28.6%
Some college30.6%
Bachelor's+37.4%
Housing tenure
67.5%
32.5%
Owner67.5%
Renter32.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Grand Ledge, MI has changed in 5 years

Income
$65,368 → $68,980
up 5.5%
Population
7,792 → 7,804
up 0.2%
Renter share
34.2% → 32.5%
-1.7 pts
Bachelor's+
31.4% → 37.4%
+6.0 pts
Median age
41.4 → 44.7
+3.3 yrs

Local incomes tracked alongside that move, going from a median of $65,368 in 2021 to $68,980 more recently. About 32.5% of households rent today, against 34.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 31.4% to 37.4%.

Community

Discussions about Grand Ledge

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View Grand Ledge rent history (2015–2026) →
Salary vs rent

Can you afford rent in Grand Ledge on your salary?

At $1,663/mo, how Grand Ledge rent compares to typical pay (30% rule).

By apartment size

Grand Ledge rent by bedroom count

Median rent for each apartment size in Grand Ledge. Click any size for full breakdown.

Local insights

Tips for renters in Grand Ledge

About renting in Grand Ledge, MI

Last updated: August 17, 2026

The median rent in Grand Ledge is $1,663/mo as of August 2026. A studio apartment averages $840/mo while a 2-bedroom runs $1,090/mo. One-bedroom apartments average $880/mo and 3-bedroom units go for $1,420/mo.

At 29% of local median household income ($68,980/yr), Grand Ledge ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Grand Ledge an affordable city for renters?

Grand Ledge is considered affordable for renters. At $1,663/mo, rent takes approximately 29% of the local median household income ($68,980/yr). The standard benchmark is 30%. Grand Ledge falls comfortably within that range.

How much income do you need to rent in Grand Ledge?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,663/mo in Grand Ledge. The local median household income is $68,980/yr, meaning the typical Grand Ledge household meets that threshold.

Is rent going up or down in Grand Ledge?

Rent in Grand Ledge has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Grand Ledge rent compare to other cities in Michigan?

Grand Ledge is middle-of-the-pack for Michigan for rent, ranking #33 out of 96 tracked cities at $1,663/mo.

Which nearby cities are cheaper to rent in than Grand Ledge?

Several nearby cities have lower median rents than Grand Ledge ($1,663/mo): Lansing ($1,231/mo), East Lansing ($1,298/mo), Marshall ($1,300/mo).

What percentage of Grand Ledge residents rent vs. own?

According to Census data, approximately 32.5% of Grand Ledge households are renters, while 67.5% are owner-occupied. Grand Ledge leans toward homeownership, which can mean a smaller rental inventory.

How does Grand Ledge rent compare to the national average?

Grand Ledge's median rent of $1,663/mo is $299 (15%) below the US national median of $1,962/mo. Within Michigan, it ranks #33 out of 96 tracked cities.
Income Affordability
29%
AFFORDABLE

At $1,663/mo, rent takes ~29% of Grand Ledge's median household income ($68,980/yr). The standard benchmark is 30%.

Grand Ledge 29%Benchmark 30%
State income tax4.25%
Run the Grand Ledge affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Grand Ledge, MI

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