Grand Rapids-Kentwood vs Laredo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Laredo is 35% cheaper for renters. A 2-bedroom rents for $698/mo vs $945/mo in Grand Rapids-Kentwood — saving $2,964/year.
Rent by Unit Size
| Unit Size | Grand Rapids-Kentwood | Laredo | Difference |
|---|---|---|---|
| Studio | $583 | $463 | $120 |
| 1 Bedroom | $741 | $552 | $189 |
| 2 Bedrooms | $945 | $698 | $247 |
| 3 Bedrooms | $1,145 | $851 | $294 |
| 4 Bedrooms | $1,345 | $966 | $379 |
| Median Income | $58,686 | $40,343 | $18,343 |
Grand Rapids-Kentwood
- Studio
- $583/mo
- 1 BR
- $741/mo
- 2 BR
- $945/mo
- 3 BR
- $1,145/mo
- 4 BR
- $1,345/mo
- Median Income
- $58,686/yr
Laredo
- Studio
- $463/mo
- 1 BR
- $552/mo
- 2 BR
- $698/mo
- 3 BR
- $851/mo
- 4 BR
- $966/mo
- Median Income
- $40,343/yr
Frequently Asked Questions
Is Grand Rapids-Kentwood or Laredo cheaper to rent in?
Laredo is cheaper — a 2-bedroom Fair Market Rent is $698/mo vs $945/mo in Grand Rapids-Kentwood. That's $247/mo or $2,964/year more expensive in Grand Rapids-Kentwood (35% higher).
What is the 2-bedroom rent in Grand Rapids-Kentwood vs Laredo?
The HUD Fair Market Rent for a 2-bedroom in Grand Rapids-Kentwood is $945/month. In Laredo, a 2-bedroom FMR is $698/month.
How do incomes compare between Grand Rapids-Kentwood and Laredo?
The median household income in Grand Rapids-Kentwood is $58,686/year. In Laredo it is $40,343/year. Grand Rapids-Kentwood has the higher median income.
What is the studio rent in Grand Rapids-Kentwood vs Laredo?
A studio apartment Fair Market Rent in Grand Rapids-Kentwood is $583/mo. In Laredo it is $463/mo.