Grand Rapids, Michigan Short-Term Rental Market
The Grand Rapids, MI area STR market averaged $178/night at 75.0% occupancy in June 2026.
Quick Answer: Grand Rapids, Michigan is an active short-term rental market. average occupancy is 75%. average monthly revenue is $3,643. average daily rate is $178. the top operator in Grand Rapids is LiveSuites with 46 listings. market score is 98/100 (grade A).
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
The Grand Rapids, Michigan area STR market includes about 841 tracked listings as of the June 2026 data pull, split between 675 entire-place listings (80%) and 166 private-room listings (20%). By bedroom count, one-bedroom units are the largest single segment at 317 listings, followed by two-bedroom units at 249, three-bedroom at 163, four-bedroom at 81, and five-bedroom at 30.
The market posted a $178 average daily rate and 75.0% occupancy in June 2026. Occupancy is up 2.4% year over year while ADR is down 1.6% year over year, and average monthly revenue per listing is up 1.2% year over year to $3,643. Multiplying June’s ADR by occupancy gives an implied RevPAR near $134 per night.
Distribution across booking channels shows 540 listings on Airbnb only, 32 on Vrbo only, and 269 listed on both platforms, indicating most hosts still treat Airbnb as the primary channel. StaySTRA’s composite market score for Grand Rapids is 97.55, driven by a rental demand score of 91.83 and an investability score of 84.59, though the regulation sub-score sits at 74.73, reflecting the city’s restrictive home-occupation permitting framework covered in the regulatory summary below.
Annual averages have climbed steadily since 2019, when occupancy sat at 61.5% and ADR at $95 per night. By 2025 those figures reached 65.7% occupancy and $152 ADR, with average monthly revenue rising from $1,543 to $2,818 over that span.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 52% |
| Feb | 57% |
| Mar | 58% |
| Apr | 61% |
| May | 66% |
| Jun | 71% |
| Jul | 74% |
| Aug | 70% |
| Sep | 64% |
| Oct | 59% |
| Nov | 56% |
| Dec | 59% |
Month-by-month nightly rates and revenue figures for Grand Rapids are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Grand Rapids
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | LiveSuites | 46 | 2,550 | ★ 4.74 |
| 2 | The Finnley Hotel | 11 | 71 | ★ 4.75 |
| 3 | Leavetown | 7 | 15 | ★ 4.20 |
| 4 | Extended Stay | 6 | 504 | ★ 4.52 |
| 5 | Livesuites | 5 | 17 | ★ 4.76 |
What Kind of STR Should I Buy in Grand Rapids?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Grand Rapids are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 64.2% |
| vrbo | 3.8% |
| both | 32% |
Home Value Trends (Grand Rapids)
Typical home values, median sale prices, and the 10-year price trend for Grand Rapids are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Grand Rapids — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
Grand Rapids permits short-term rentals, but only under a restrictive home-occupation framework rather than as a standard investment model. Operators need a Special Land Use Permit from the Planning Department confirming the property’s zoning district allows the use, plus a Home Occupation License that costs $518 and renews annually.
The rental itself must be owner-occupied, with the owner present during guest stays, and is limited to one room and a maximum of two adult guests; whole-house and accessory-dwelling-unit rentals are prohibited outright. The city caps the number of licenses at roughly 200 citywide, and enforcement is rated moderate.
On the tax side, short-term stays under 30 consecutive days owe an 8% Kent County lodging excise tax (raised from 5% effective January 1, 2025 under a voter-approved measure), on top of Michigan’s state use tax.
As of a February 2026 statement, Grand Rapids’ mayor publicly called for an overhaul of the STR rules, citing hundreds of STRs operating illegally under the current owner-occupied, roughly 200-license cap framework. Because the legal path effectively rules out non-owner-occupied whole-home STRs, buyers considering Grand Rapids for a pure investment property, rather than an owner-occupied rental, should treat the current regulatory framework as a significant constraint, not a formality, and watch for the policy changes under discussion.
Market Comparison
The Grand Rapids area’s 75.0% June 2026 occupancy runs well above the roughly 55% median occupancy seen across StaySTRA-tracked US STR markets, while its $178 average daily rate sits below the roughly $220 national median ADR. In practice, this is a higher-occupancy, lower-rate market than the national picture, a mix that has historically supported steady revenue even without top-tier nightly rates.
The market’s top operator by listing count is LiveSuites, with 46 listings and 2,550 guest reviews at a 4.74 average rating, roughly 5.5% of the market’s 841 tracked listings. The Finnley Hotel ranks second with 11 listings and a 4.749 rating, followed by Leavetown (7 listings, 4.20 rating), Extended Stay (6 listings, 4.515 rating), and a separately tracked Livesuites entry (5 listings, 4.76 rating). Combined, the top 5 operators hold about 75 of the market’s 841 listings, roughly 9%, indicating a market where individual hosts, not large property management companies, still control most inventory.
Frequently Asked Questions About Grand Rapids, Michigan
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What is the average daily rate for a short-term rental in Grand Rapids?
Is it legal to run an Airbnb in Grand Rapids?
How much does a Grand Rapids STR permit cost?
What is the best month for STR revenue in Grand Rapids?
How much does a typical home cost in Grand Rapids?
Who are the top Airbnb property managers in Grand Rapids?
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