Average Rent in Grand Rapids-Wyoming, MI
The Fair Market Rent for a 2-bedroom in Grand Rapids-Wyoming, MI is $1,531 per month, based on HUD data. With a median household income of $80,296, a household would spend 22.9% of income on housing at Fair Market Rent. Rent has increased 11.8% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,232 |
| 1 Bedroom | $1,278 |
| 2 Bedroom | $1,531 |
| 3 Bedroom | $1,980 |
| 4 Bedroom | $2,189 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $80,296 |
| Rent Burden (2BR FMR / Income) | 22.9% |
| Income Needed for 2BR (30% rule) | $61,240/yr |