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ZIP Code · MI

ZIP 49504

Pop. 40,036·Kent County·81st most expensive ZIP in Michigan
Median rent (all units)
$1,473/mo
Year-over-Year
-11.2%
Month-over-Month
-1.7%
vs US Median
-$492
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 49504 · $1,473
More affordable than 75% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,150
1 BR
$1,190
2 BR
$1,430
3 BR
$1,850
4 BR+
$2,040
Research median
$1,430/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$17,676/yr
At $1,473/mo median
Location
StateMI
CountyKent County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 11.2% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-11.2% YoY, -1.7% MoM), not inventory.
Demographics

Who lives here

ZIP 49504 (Grand Rapids, MI) is majority owner-occupied, skews toward younger working-age adults, 39.9% of residents hold a bachelor's degree or higher.

Population
40,036
Median income
$70,119
Median age
32.4
Renters
43.1%
Age distribution
17.7%
36.1%
22%
14.1%
Under 1817.7%
18–3436.1%
35–5422%
55–6410.1%
65+14.1%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
73.4%
15.3%
White73.4%
Black8.7%
Hispanic15.3%
Asian1.7%
Other0.8%
Education (25+)
23.2%
27.1%
39.9%
No HS diploma9.8%
HS diploma23.2%
Some college27.1%
Bachelor's+39.9%
Housing tenure
56.9%
43.1%
Owner56.9%
Renter43.1%

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

2021 vs 2026

How ZIP 49504 in Grand Rapids, MI has changed in 5 years

Rent
$1,168 → $1,473
up 26.1%
Income
$57,413 → $70,119
up 22.1%
Population
40,516 → 40,036
down 1.2%
Renter share
40.8% → 43.1%
+2.3 pts
Bachelor's+
35.7% → 39.9%
+4.2 pts

Rent in ZIP 49504 in Grand Rapids, MI has increased 26.1% since 2021, going from about $1,168 per month to roughly $1,473 today. Census figures show median household income at $70,119 today, compared with $57,413 five years earlier. Rent outpaced income growth by roughly 4.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 40,516 to 40,036 between 2021 and 2024, a 1.2% change. About 43.1% of households rent today, against 40.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 35.7% to 39.9%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 49504

Last updated: July 20, 2026

ZIP code 49504 covers Grand Rapids, MI. The median rent here is $1,473/mo as of July 2026. A 1-bedroom rents for a median of $1,190/mo. A 2-bedroom rents for a median of $1,430/mo.

At 25% of local median household income ($70,119/yr), ZIP 49504 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 11.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 49504?

As of July 20, 2026, the median monthly rent in ZIP 49504 (Grand Rapids, MI) is $1,473. This is based on aggregated data from public sources and community submissions.

How does ZIP 49504 rent compare to the US average?

ZIP 49504's median rent of $1,473/mo is $492 (25%) below the US national median of $1,965/mo.

How does ZIP 49504 compare to other ZIPs in Michigan?

ZIP 49504 falls in the middle range for Michigan, ranking #81 out of 165 ZIPs at $1,473/mo.

How much income do you need to rent in ZIP 49504?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (~$28/hour full-time) to afford the median rent of $1,473/mo in ZIP 49504. The local median household income is $70,119/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 49504?

Rent in ZIP 49504 has decreased 11.2% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 49504 an affordable place to rent?

ZIP 49504 is considered affordable for renters. At $1,473/mo, rent takes approximately 25% of the local median household income ($70,119/yr). The standard benchmark is 30%. ZIP 49504 falls comfortably within that range.

What percentage of ZIP 49504 residents rent vs. own?

According to Census data, approximately 43.1% of ZIP 49504 households are renters, while 56.9% are owner-occupied. ZIP 49504 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 49504 compare to the rest of Grand Rapids?

ZIP 49504 is more affordable than Grand Rapids overall. At $1,473/mo, it's $154 below the Grand Rapids citywide median of $1,627/mo.

When was rent data for ZIP 49504 last updated?

Rent data for ZIP 49504 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,473/mo, rent takes ~25% of ZIP 49504's median household income ($70,119/yr). The standard benchmark is 30%.

ZIP 49504 25%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 49504 (Grand Rapids, MI)

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