Cheap New Apartments for Rent in Grand Rapids, MI from $300 (20 Rentals)

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Search the lowest-cost Apartments available for rent right now in Grand Rapids.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Emerald Flats
Built in 2021Studio to 2 Bedroom Apartments

Emerald Flats

811 Emerald Ave NEGrand Rapids, MI 49503
  • Utilities Included
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Grand View Place
Built in 20181 to 2 Bedroom Apartments

Grand View Place

936 Front AveGrand Rapids, MI 49504
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Stockbridge Apartments
Built in 2020Studio to 3 Bedroom Apartments

Stockbridge Apartments

636 1st St NWGrand Rapids, MI 49504
  • Utilities Included
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123 Division Ave S
Built in 20171 to 2 Bedroom Apartments

123 Division Ave S

123 Division Ave SGrand Rapids, MI 49503
  • Smoke Free
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Victory On Leonard
Built in 2023Studio to 2 Bedroom Apartments

Victory On Leonard

900 Leonard St NWGrand Rapids, MI 49504
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One South
Built in 2020Studio to 2 Bedroom Apartments

One South

41 Division Ave SGrand Rapids, MI 49503
  • Utilities Included
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Lofts on Grove
Built in 2024Studio to 2 Bedroom Apartments

Lofts on Grove

1359 Plainfield Ave NEGrand Rapids, MI 49505

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Shea Ravines
Built in 20261 to 2 Bedroom Apartments

Shea Ravines

2890 Oak Valley Ave SWWyoming, MI 49519
  • Smoke Free
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City Line Apartments
Built in 20221 to 3 Bedroom Apartments

City Line Apartments

5128 St. Louis Dr SEKentwood, MI 49548

Grand Rapids, MI Local Guide

Top Neighborhoods to Rent Near Major Colleges and Universities in Grand Rapids, Michigan

Find your perfect student apartment near Aquinas College, Calvin University, Cornerstone University, and Grand Rapids Community College. Discover top neighborhoods for off-campus housing in Grand Rapids, MI.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Grand Rapids, MI Rentals by Map

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Frequently Asked Questions about Cheap Grand Rapids Apartments

What is a cheap apartment in Grand Rapids?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Grand Rapids is under $1,079.

What is the price of a cheap apartment in Grand Rapids?

The cheapest apartment in Grand Rapids is Shea Ravines which is listed at $505, while the average apartment in Grand Rapids costs $2,698.

What types of apartments are the cheapest in Grand Rapids?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 407 regular apartments in Grand Rapids that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Grand Rapids?

Cheap apartments in Grand Rapids have an average cost of $361 which is $2,337 cheaper than the average rent for all rentals in Grand Rapids.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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The Local Experts Guide to the Best Affordable Neighborhoods in Grand Rapids, MI

Written by: Mike Heuer

I grew up near Grand Rapids and have visited the growing city and its surrounding area many times. It is a true jewel of southwestern Michigan and very close to Lake Michigan and many other great locales.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.