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Specialty # of Agencies
Single House or Condo 7
Apartment Buildings 13
Home Owners Association 3
Total Local Companies 15

The average rent for a 3 bedroom house in Grand Rapids, MI is $1,093.00. When you receive your requested free market assessment, compare the average rent to what a property manager expects your property to rent for before making your decision on which manager to hire.

Grand Rapids, MI Rental Market Overview

The second-largest city in Michigan, behind only Detroit, is Grand Rapids - a modest-sized city located along the Grand River and home to a variety of industries and culture.

Grand Rapids is known as Furniture City due to its history as one of the first major furniture producers in the nation. However, numerous other industries have sprung up in the city since, including healthcare, aviation and consumer goods.

The Grand Rapids Art Museum was built in the early 20th century, but has received a face lift in recent years, making the museum itself larger and more modern looking.

One of Michigan State University's campuses is in Grand Rapids - the Secchia Center medical building - as well as a number of small colleges and universities.

Many residents are drawn to Grand Rapids because of its close proximity to Lake Michigan - a popular tourist destination in the state, which provides visitors with several recreational opportunities.

Property Management Companies Can Greatly Assist Grand Rapids Property Owners

Grand Rapids is home to a hefty population of families, single residents and college students. These diverse demographics provide property investors big and small opportunities to make a considerable amount of money by operating an apartment in the city.

Additionally, these investors can enhance their return on investment by employing a property management company to take care of all the intricacies of a rental property.

Don't want to deal with tenant concerns? Want someone else to take care of property maintenance? These are just a couple of the things property managers are experienced in and willing to do for you and your residence.

Grand Rapids Rental Market at a Glance

Rental Vacancy Rate, Q3 2011: 3.4 percent

Rent Growth, Q3 2011: 0.5 percent

Statistics courtesy of Reis Reports

Finding Grand Rapids Property Management Companies

Locating the right property management company for you is vital to ensuring your business is run smoothly and efficiently.

Sign up with All Property Management to choose from Grand Rapids' top property management companies. Just type your zip code into our search engine and you'll discover a variety of management firms in Grand Rapids to receive free quotes from.

Additional Cities:

Top Single Family Managers

17197 Laurel Park Dr
Plymouth, MI 48170

Managing: Single-Family : Multi-Family :
If your tenant doesn't pay, we'll replace them at no cost to you!
Free Quote...

6095 - 28th Street
Grand Rapids, MI 49546

Managing: Single-Family : Multi-Family :
We know the Michigan property market and how to get you the best rent - and the best tenants - for your property.
Free Quote...

146 Monroe Center NW , Suite 1130
Grand Rapids, MI 49503

Managing: Single-Family : Multi-Family :
Qwest Property Management is the Premier Property Management Company in West Michigan!
Free Quote...

Top Multi-Family Managers

6095 - 28th Street
Grand Rapids, MI 49546

Managing: Single-Family : Multi-Family :
We know the Michigan property market and how to get you the best rent - and the best tenants - for your property.
Free Quote...

17197 Laurel Park Dr
Plymouth, MI 48170

Managing: Single-Family : Multi-Family :
If your tenant doesn't pay, we'll replace them at no cost to you!
Free Quote...

324 S Elm St , Ste 300
Greensboro, NC 27401

Managing: Multi-Family :
Clear and focused on results.
Free Quote...

Top Association Managers

2845 Wilson Ave SW Ste E
Grandville, MI 49418

Managing: Single-Family : Multi-Family : Association : Commercial
Experienced. Reliable. Local.
Free Quote...

1425 Gezon Parkway
Wyoming, MI 49509

Managing: Multi-Family : Association : Commercial
THE PROPERTY MANAGERS YOU CAN TRUST
Free Quote...

800 S. Gay Street , Suite 700
Knoxville, TN 37929

Managing: Association :
We ONLY offer REMOTE and VIRTUAL accounting services to Community Associations.
Free Quote...

Additional
Grand Rapids, MI Property Management Companies

6501 Balsam Dr.
Hudsonville, MI 49546

Managing: Single-Family : Multi-Family :
Opening doors so you can relax!
Free Quote...

6095 - 28th Street
Grand Rapids, MI 49546

Managing: Commercial
Commercial Property Management. Learn how One Step Realty and Property Management can turn your property into a good i...
Free Quote...

1348 Front Ave. NW
Grand Rapids, MI 49504

Managing: Multi-Family :
In addition to managing your property we are both a Licensed Builder, and Real Estate Broker!
Free Quote...

Lansing, MI 48933

Managing: Single-Family : Multi-Family :
Our clients and customers have a right to expect outstanding service. We expect our employees and our sales staff to...
Free Quote...

4657 Lake Michigan Dr., #1
Allendale, MI 49401

Managing: Single-Family : Multi-Family :
At Access Property Management Group, we truly listen to what your real estate investment needs are.
Free Quote...

15240 RedTail Dr.
Bath, MI 48808

Managing: Multi-Family :
We are a smaller hands on company that will deliver results and increase the top and bottom lines of all of your investments.
Free Quote...

25800 Northwestern Hwy Suite 100
Southfield, MI 48075

Managing: Multi-Family :
We will make investing in real estate and management services a pleasant and profitable experience for you.
Free Quote...

33067 Schoolcraft
Livonia, MI 48150

Managing: Multi-Family :
Serving Michigan Families since 1972
Free Quote...

Rental Ranking

  • What is it?
    • It measures a city's attractiveness for real estate investment.
      Higher Ranking = Higher Rental ROI Capacity.

Top US Cities

View Full Report

The top five rental ROI cities per region

Midwest

  1. Minneapolis, MN
  2. Indianapolis, IN
  3. Akron, OH
  4. Columbus, OH
  5. Cincinnati, OH

Grand Rapids, MI: Rental Property ROI Analysis

Q1 2015 Data Vacancy Rate Rent Variance Cap Rate Appreciation Job Growth Days on Market
Grand Rapids 9.10% -0.46% 7.50% 6.96% 2.21% 61
75 U.S. City Avg. 7.12% 2.71% 7.18% 5.65% 2.22% 70

Home to an exceptional artistic and cultural scene, exciting nightlife, five-star dining, stunning natural beauty and a vibrant community spirit, the Grand Rapids metropolitan area has long been renowned as a great place to live.

Grand Rapids may have lost the top spot it achieved in the last Rental Ranking Report, but there's nothing wrong with its rental property fundamentals. The city posted solid numbers for capitalization rates and property appreciation in the year ending in Q1 2015, leading Grand Rapids to be ranked sixth in the Midwest and 37th in the United States in the Q1 2015 Rental Ranking Report.

The Grand Rapids capitalization rate for rental properties is an impressive 7.5 percent, ranking 31st out of the 75 metros evaluated by the Rental Ranking Report. Other positives include a home value appreciation rate of 6.96 percent and exceptional year-over-year job growth of 3.96 percent. Lastly, the median age of Grand Rapids housing inventory was 61 days, slightly under than national average of 70.

What data is this Rental Ranking Report based on?

To calculate the statistics found in the Q1 2015 Rental Ranking Report, All Property Management gathered data, including the most recent government housing and jobs data, for 75 metros across the United States. Specifically, we looked at home vacancy, capitalization, home value appreciation and job growth rates, changes in rental prices, and the average number of days properties have been on the market to determine which U.S. metros will give investors the highest returns on rental investments. Click here to learn more about the Rental Ranking metrics.

Should I invest in Grand Rapids rental property?

The combination of solid home value appreciation with moderate capitalization rates means that rental properties in Grand Rapids can pay off both in the short and long terms. Furthermore, with national recognition as a great place to raise a family and exceptional year-over-year job growth, you can count on demand for Grand Rapids rental properties to continue to increase.

Thinking about renting out a property in Grand Rapids? Save time, avoid hassle and maximize your rental income by having a professional property management company operate your rental property for you. Click here to get a free quote from a local property manager or call 877-780-4510 to have the All Property Management staff get quotes for you.

All Property Management specializes in connecting rental property owners with professional property managers in communities across the United States. These property managers help set rental rates, advertise properties, screen and manage tenants, collect rent, manage vendor relationships and ensure compliance with local, state and federal housing regulations. They take the hassle and worry out of managing rental properties - all while maximizing rental property owners' rental incomes.