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ZIP Code · MI

ZIP 49506

Pop. 34,673·Kent County·33rd most expensive ZIP in Michigan
Median rent (all units)
$1,828/mo
Year-over-Year
+2.0%
Month-over-Month
+2.1%
vs US Median
-$137
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 49506 · $1,828
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
$1,370
1 BR
$1,420
2 BR
$1,700
3 BR
$2,200
4 BR+
$2,430
Research median
$1,700/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
$21,936/yr
At $1,828/mo median
Location
StateMI
CountyKent County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 2.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+2.0% YoY, +2.1% MoM), not inventory.
Demographics

Who lives here

ZIP 49506 (East Grand Rapids, MI) is majority owner-occupied, has a median income above the national average, 67.6% of residents hold a bachelor's degree or higher.

Population
34,673
Median income
$118,131
Median age
33.2
Renters
24.9%
Age distribution
24.1%
28.1%
26.4%
Under 1824.1%
18–3428.1%
35–5426.4%
55–6410.8%
65+10.6%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
77.7%
White77.7%
Black10.4%
Hispanic4.4%
Asian2.2%
Other5.3%
Education (25+)
19.5%
67.6%
No HS diploma1.9%
HS diploma10.9%
Some college19.5%
Bachelor's+67.6%
Housing tenure
75.1%
24.9%
Owner75.1%
Renter24.9%

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

2021 vs 2026

How ZIP 49506 in East Grand Rapids, MI has changed in 5 years

Rent
$1,319 → $1,828
up 38.6%
Income
$96,348 → $118,131
up 22.6%
Population
33,651 → 34,673
up 3.0%
Renter share
24.2% → 24.9%
+0.7 pts
Bachelor's+
64.8% → 67.6%
+2.8 pts
Median age
33.7 → 33.2
-0.5 yrs

Since 2021, the typical rent in ZIP 49506 in East Grand Rapids, MI has climbed from $1,319 to $1,828, a 38.6% change over five years. Local incomes tracked alongside that move, going from a median of $96,348 in 2021 to $118,131 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.0% since 2021, moving from about 33,651 residents to roughly 34,673. College-educated residents now make up 67.6% of adults here, versus 64.8% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 49506 in East Grand Rapids, MI market of 2021.

Community

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Local insights

Tips for renters in ZIP 49506

About renting in ZIP 49506

Last updated: July 20, 2026

ZIP code 49506 covers East Grand Rapids, MI. The median rent here is $1,828/mo as of July 2026. A 1-bedroom rents for a median of $1,420/mo. A 2-bedroom rents for a median of $1,700/mo.

At 19% of local median household income ($118,131/yr), ZIP 49506 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 49506?

As of July 20, 2026, the median monthly rent in ZIP 49506 (East Grand Rapids, MI) is $1,828. This is based on aggregated data from public sources and community submissions.

How does ZIP 49506 rent compare to the US average?

ZIP 49506's median rent of $1,828/mo is $137 (7%) below the US national median of $1,965/mo.

How does ZIP 49506 compare to other ZIPs in Michigan?

ZIP 49506 is one of the pricier ZIP codes in Michigan, ranking #33 out of 165 ZIPs tracked at $1,828/mo.

How much income do you need to rent in ZIP 49506?

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 $1,828/mo in ZIP 49506. The local median household income is $118,131/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 49506?

Rent in ZIP 49506 has increased 2.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 49506 an affordable place to rent?

ZIP 49506 is considered very affordable for renters. At $1,828/mo, rent takes approximately 19% of the local median household income ($118,131/yr). The standard benchmark is 30%. ZIP 49506 falls comfortably within that range.

What percentage of ZIP 49506 residents rent vs. own?

According to Census data, approximately 24.9% of ZIP 49506 households are renters, while 75.1% are owner-occupied. ZIP 49506 leans toward homeownership, which can mean a smaller rental inventory.

When was rent data for ZIP 49506 last updated?

Rent data for ZIP 49506 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,828/mo, rent takes ~19% of ZIP 49506's median household income ($118,131/yr). The standard benchmark is 30%.

ZIP 49506 19%Benchmark 30%
State income tax4.25%
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Schools nearby

Public schools near ZIP 49506 (East Grand Rapids, MI)

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