ZIP 49505
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 49505 usually run 1.6% below trend in December and 1.5% above it in July, about $58 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 49505 is 0.1% below its high of $1,870 in August 2026, at $1,869 as of September 2026.
Rent in ZIP 49505 changed +4.8% over the year to September 2026. Across the 134 Michigan ZIP codes Zillow tracks, the typical change was +4.4%.
From 2019 to 2024, rent in ZIP 49505 rose 50.5% while median household income rose 41.6% ($52,893 to $74,906). Rent outpaced income.
Rent in ZIP 49505 is 59.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 7 of the last 12 months.
30% of the median household income ($74,906) is $1,873 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,570); a 3-bedroom is $2,030.
5th cheapest of 5 ZIP codes in Grand Rapids.
ZIP 49503, 3 miles away, rents for 19% less ($1,506/mo), about $4,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 49505. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 49505 (Grand Rapids, MI) is majority owner-occupied, 41.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 49505 in Grand Rapids, MI has changed in 5 years
Since 2021, the typical rent in ZIP 49505 in Grand Rapids, MI has climbed from $1,262 to $1,869, a 48.1% change over five years. Local incomes tracked alongside that move, going from a median of $59,261 in 2021 to $74,906 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 2.4% since 2021, moving from about 33,210 residents to roughly 32,426. College-educated residents now make up 41.6% of adults here, versus 37.8% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 49505 in Grand Rapids, MI market of 2021.
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Tips for renters in ZIP 49505
Last updated: October 17, 2026
ZIP code 49505 covers Grand Rapids, MI. The median rent here is $1,869/mo as of October 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,570/mo.
At 30% of local median household income ($74,906/yr), ZIP 49505 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.
Frequently asked questions
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How does ZIP 49505 compare to the rest of Grand Rapids?
At $1,869/mo, rent takes ~30% of ZIP 49505's median household income ($74,906/yr). The standard benchmark is 30%.
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