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ZIP Code · MI

ZIP 49505

Pop. 32,426·Kent County·35th most expensive ZIP in Michigan
Median rent (all units)
$1,817/mo
Year-over-Year
+12.9%
Month-over-Month
+2.2%
vs US Median
-$148
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 49505 · $1,817
More expensive than 50% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,260
1 BR
$1,310
2 BR
$1,570
3 BR
$2,030
4 BR+
$2,240
Research median
$1,570/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
$21,804/yr
At $1,817/mo median
Location
StateMI
CountyKent County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.9% YoY, +2.2% MoM), not inventory.
Demographics

Who lives here

ZIP 49505 (Grand Rapids, MI) is majority owner-occupied, 41.6% of residents hold a bachelor's degree or higher.

Population
32,426
Median income
$74,906
Median age
34.9
Renters
34.3%
Age distribution
21.4%
28.7%
23.6%
15.2%
Under 1821.4%
18–3428.7%
35–5423.6%
55–6411.1%
65+15.2%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
70.8%
13%
White70.8%
Black13%
Hispanic7.4%
Asian3.4%
Other5.4%
Education (25+)
22.3%
31.8%
41.6%
No HS diploma4.2%
HS diploma22.3%
Some college31.8%
Bachelor's+41.6%
Housing tenure
65.7%
34.3%
Owner65.7%
Renter34.3%

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

2021 vs 2026

How ZIP 49505 in Grand Rapids, MI has changed in 5 years

Rent
$1,170 → $1,817
up 55.3%
Income
$59,261 → $74,906
up 26.4%
Population
33,210 → 32,426
down 2.4%
Renter share
34.7% → 34.3%
-0.4 pts
Bachelor's+
37.8% → 41.6%
+3.8 pts
Median age
34.2 → 34.9
+0.7 yrs

Since 2021, the typical rent in ZIP 49505 in Grand Rapids, MI has climbed from $1,170 to $1,817, a 55.3% 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.

Community

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Local insights

Tips for renters in ZIP 49505

About renting in ZIP 49505

Last updated: July 20, 2026

ZIP code 49505 covers Grand Rapids, MI. The median rent here is $1,817/mo as of July 2026. A 1-bedroom rents for a median of $1,310/mo. A 2-bedroom rents for a median of $1,570/mo.

At 29% of local median household income ($74,906/yr), ZIP 49505 ranks as affordable compared to the national benchmark of 30%. Rents have increased 12.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 49505?

As of July 20, 2026, the median monthly rent in ZIP 49505 (Grand Rapids, MI) is $1,817. This is based on aggregated data from public sources and community submissions.

How does ZIP 49505 rent compare to the US average?

ZIP 49505's median rent of $1,817/mo is $148 (8%) below the US national median of $1,965/mo.

How does ZIP 49505 compare to other ZIPs in Michigan?

ZIP 49505 is one of the pricier ZIP codes in Michigan, ranking #35 out of 165 ZIPs tracked at $1,817/mo.

How much income do you need to rent in ZIP 49505?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (~$35/hour full-time) to afford the median rent of $1,817/mo in ZIP 49505. The local median household income is $74,906/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 49505?

Rent in ZIP 49505 has increased 12.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 49505 an affordable place to rent?

ZIP 49505 is considered affordable for renters. At $1,817/mo, rent takes approximately 29% of the local median household income ($74,906/yr). The standard benchmark is 30%. ZIP 49505 falls comfortably within that range.

What percentage of ZIP 49505 residents rent vs. own?

According to Census data, approximately 34.3% of ZIP 49505 households are renters, while 65.7% are owner-occupied. ZIP 49505 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 49505 compare to the rest of Grand Rapids?

ZIP 49505 is pricier than Grand Rapids as a whole. At $1,817/mo, it's $190 above the Grand Rapids citywide median of $1,627/mo.

When was rent data for ZIP 49505 last updated?

Rent data for ZIP 49505 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $1,817/mo, rent takes ~29% of ZIP 49505's median household income ($74,906/yr). The standard benchmark is 30%.

ZIP 49505 29%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 49505 (Grand Rapids, MI)

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