Cheap Apartments for Rent in the Cherry Neighborhood of Grand Rapids, MI from $400 (85 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Cherry area of 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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property at 329 Lyon St NE

$1,274 - $1,424

1 To 2 Bedroom Rentals

Available May 15

329 Lyon St NE

Grand RapidsMI49503

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Check Out Grand Rapids’s Best Affordable Neighborhoods

Learn about Grand Rapids and the best places to live with original content written by our Local Expert Mike Heuer

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The Waters Center
$1,500 - $2,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $2,500
Total Monthly Price
$1,500 - $2,500
Studio to 2 Bedroom Apartments Contact Us For Availability

The Waters Center

161 Ottawa Ave NWGrand Rapids, MI 49503
Family Friendly
  • Verified
  • Utilities Included
  • 3D Tour

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Cherry, Grand Rapids, MI Local Guide

Cheapest Available Cherry Apartments for Rent

 

The cheapest available apartment rental in the Cherry area of Grand Rapids, MI is a 1 Bed unit found at Diamond Place I priced from $1,048. Grand Central Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here are the most affordable Cherry apartments for rent in Grand Rapids, MI:

Apartment ListingModel NameBed/BathPriced From
Diamond Place I1 Bedroom, 1 Bath1BR,1BA$1,048
Grand Central LoftsOne Bedroom1BR,1BA$1,150
Gateway at BelknapStudioStudio,1BA$1,188
549 Logan St SEOne Bed1BR,1BA$1,200
The Globe Apartments2x1a2BR,1BA$1,250
Southtown Lofts1 Bedroom 1 Bath - 493311BR,1BA$1,275
Midtown CityZen1 Bed 1 Bath1BR,1BA$1,275
The MortonStudioStudio,1BA$1,291
Heritage Place ApartmentsStudioStudio,1BA$1,294

Best Value Apartments for Rent in Cherry, MI

As of April 16, 2026 the best value apartment in the Cherry area is the $1.20 price per square foot 832 Wealthy St SE Model at 832 Wealthy St SE, Unit 832 #A in the in the Belknap Lookout neighborhood starting from $2,000. The second greatest value Cherry apartment is the 44 Portsmouth Pl NE Model at 44 Portsmouth Pl NE, Unit 2 Bedroom 1 Bath starting at $1,450 with a $1.21 price per square foot in the Center City neighborhood. Here is today’s list of the best values for Cherry apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
832 Wealthy St SE, Unit 832 #A832 Wealthy St SE2BR,2BA$1.20
44 Portsmouth Pl NE, Unit 2 Bedroom 1 Bath44 Portsmouth Pl NE2BR,1BA$1.21
Hopson FlatsGrand2BR,1BA$0.93
127 Paddock Ave SE127 Paddock Ave SE2BR,1BA$1.72
Diamond Place I2 Bedroom, 1 Bath2BR,1BA$1.83
The Globe Apartments1x1e1BR,1BA$2.07
Southtown Lofts1 Bedroom 1 Bath - 493151BR,1BA$1.99
28 Jefferson Ave SE, Unit B28 Jefferson Ave SE1BR,1BA$1.54
549 Logan St SEOne Bed1BR,1BA$2.00
The Lofts @ 5 Lyon - Price Per Bedroom2 Bedroom, 1 Bathroom - Price Per Bed2BR,1BA$1.67

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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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Pet Friendly Lifestyle
Cherry, Grand Rapids, MI

Ranked #21

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Cherry, Grand Rapids, MI

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across Michigan including Cherry, Grand Rapids, and the greater Grand Rapids area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, transit availability, pet-friendly communities, places that make kids happy, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Cherry Apartments

What is the Cheapest Studio apartment in Cherry?

Currently the most affordable Cheap Studio Apartment in Cherry is at Gateway at Belknap listed at $1,188.

How much is rent for a Cheap One Bedroom Cherry Apartment?

The lowest price for a Cheap One Bedroom Cherry Apartment is $1,048 at Diamond Place I.

What is the lowest price for a Cheap Two Bedroom Cherry Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Cherry is starting from $1,250 at The Globe Apartments.

What is the most affordable Cherry Three Bedroom Apartment?

The best deal on a cheap Cherry Three Bedroom Apartment rental is at The Globe Apartments and starts from $2,063.

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

decorative image for The Local Experts Guide to the Best Affordable Neighborhoods in Grand Rapids, MI article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.