How to Rent Your Vacation Home or Condo in Grand Rapids, Michigan

Grand Rapids is a popular destination for vacationers and also a growing market for short-term rentals. Compared to other major cities, Grand Rapids has a fairly low vacancy rate, making it an attractive place to rent out your home. Short-term rentals can be a good way to earn extra money and help you recoup some costs while you're away. Many of the most popular neighborhoods in Grand Rapids are close to downtown, so they're easy to get to with public transportation. And, there are plenty of restaurants and bars within walking distance, which makes it easy to enjoy your short-term rental experience!

Current Vacation Rental Trends in Grand Rapids

During the month of September, Grand Rapids is projected to generate over $204/night for a 2 bedroom vacation rental, on average! There were 441 vacation active rental properties in Grand Rapids.  324 are renting the entire place, and 117 are shared rooms.  On average, during the month of September 2022, each vacation rental property in Grand Rapids is booked 83% of the time, and most hosts are projected to generate $3,644 or more during the month of September! See how much you could earn with our free vacation rental income calculator.
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$204.00 Per Night*

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82% Occupied*

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$3,644.00 Per Month*

* Based on the median average of all vacation rentals in the Grand Rapids area.
Get a free estimate for your home or condo.

Vacation Rentals in Grand Rapids are Generating Record Profits with RedAwning

See how much your Grand Rapids vacation rental could earn:

Successful short-term vacation rentals in Grand Rapids, Michigan

As the demand for vacation rentals continues to rise, so does the demand for positive experiences. Whether you’re renting out your home while you’re away or simply offering a short-term rental experience to travelers seeking something different, there are plenty of options to choose from. One of the most popular trends among short-term rental hosts is positive reviews. While negative reviews may attract more attention in the short term, they can also detract from your overall reputation and can even deter potential hosts from renting out their spaces. When considering whether to leave negative feedback, consider whether it is warranted or not. If you feel that you have been given a bad experience by a guest, for example, it may be appropriate to leave negative feedback. However if you feel that you were dealt with unfairly or that your concerns were not addressed appropriately, this may not be the best course of action. Additionally, it is important to consider how others might perceive the feedback that you provide. If you do decide to leave negative feedback, try to keep it constructive and respectful so as to minimize any potential harm caused by your review.

With the economy improving and more people beginning to invest in vacation homes, short-term rentals have become a viable option for homeowners looking to cash in on the rising housing market. And with millennials carrying more debt than ever before, short-term rentals make it possible for homeowners to afford to take time off work and spend money on things they normally couldn’t afford. Overall, short-term vacation rentals help to fill a niche market in Grand Rapids. By allowing homeowners to rent out their homes while they are away, they are able to earn extra money and reduce expenses. And by making it easy for travelers to find a place to stay without having to worry about finding a parking spot or dealing with crowded accommodations, it helps to boost tourism and create an overall positive impact on the local economy.

Revenue Projections for Vacation Rentals in Grand Rapids, Michigan during October, 2022

Based on a 2 bedroom, which is the most common Grand Rapids vacation rental home size, we've come up with an estimated rental amount you could charge per night and how much demand there is for each day in October. Higher bars below can command higher prices, if your Grand Rapids vacation rental is available during these days.
 
$27883%1st
 
$20876%2nd
 
$19676%3rd
 
$19976%4th
 
$20276%5th
 
$21577%6th
 
$28980%7th
 
$31781%8th
 
$25276%9th
 
$20776%10th
 
$20975%11th
 
$21276%12th
 
$23077%13th
 
$28679%14th
 
$30779%15th
 
$22774%16th
 
$21474%17th
 
$21273%18th
 
$20873%19th
 
$22474%20th
 
$27476%21st
 
$29176%22nd
 
$21574%23rd
 
$20074%24th
 
$19874%25th
 
$19873%26th
 
$21075%27th
 
$25576%28th
 
$26477%29th
 
$20875%30th
 
$20273%31st
 

Average Daily Price & Percent Occupied Next Month In Grand Rapids

Note: These averages are based on a 2 bedroom home in Grand Rapids. If you'd like to find out how much revenue your home could make by providing the number of bedrooms and specifics about your vacation rental, please try our  free vacation rental calculator and/or speak with one of our vacation rental experts about your vacation home, condo or unique vacation rental experience.

Interested in learning how you can maximize your vacation rental revenue in Grand Rapids, Michigan?

If you are a speculative home buyer or have another home in Michigan, check out our other Michigan Vacation Rental Management reports in Ann ArborBay CityDetroitFrankenmuthGrand HavenHollandKalamazooLansingSault Ste. MarieTraverse CityAddisonSaugatuckFrankfortDouglasSouth HavenSt. JosephCarp Lake,  and Copper Harbor, Michigan or view all of our vacation rental market reports

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