
Cheap Apartments for Rent in the Downtown Grand Rapids Neighborhood of Grand Rapids, MI from $645 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Grand Rapids area of Grand Rapids.


One South

234 Market Apartments

Lofts at the Kendall

Studio Park Towers and Lofts

The Morton

Venue Tower Apartments

148 Oakes St SE
The Renter's Guide to Grand Rapids' Best Neighborhoods Near Major Employers
Working in Grand Rapids? Find the perfect neighborhood near your job. Our local guide covers the best places to rent near Steelcase, Corewell Health, GE Aerospace, and Honeywell.

38 Commerce

The Globe Apartments

City View Flats

216 Lafayette Ave NE

Total Monthly Price
The Waters Center

The Lofts Apartments

Residences at 111

The Gallery Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

The Plaza Apartments

Arena Place Apartments

Lofts on Ionia

Total Monthly Price
65 Monroe Center St NW, Unit SI ID1539826P

49 Monroe Center St NW

60 Monroe Center St NW, Unit 6B

27 Library St NE, Unit 602

Klingman Lofts
Learn what Locals Love About Renting in Grand Rapids, Michigan
Discover why Grand Rapids, Michigan, is a premier place to live and work. Explore the Grand Rapids Local Expert's guide to top-rated schools, world-class healthcare, vibrant food scene, and endless recreational activities.

166 Lafayette Apartments

Lafayette Apartments

101 South Division Lofts

Metropolitan Park Apartments

Heritage Collection

28 Jefferson Ave

Half Century Apartments

Grand City Heights
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

43 Lafayette Ave

123 Division Ave S

Iowa Flats

225 Lyon

Wealthy & Sheldon

139 Pearl St NW

The Studio Park Tower

Firestone Lofts
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

1 Oakes St SW

20 Fulton Street East Apartments

214 Fountain St NE
Downtown Grand Rapids, Grand Rapids, MI Local Guide

How much does it cost to rent an apartment in Downtown Grand Rapids?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Grand Rapids Studio Apartments | $1,406 | $950 | $2,700 |
| Downtown Grand Rapids 1 Bedroom Apartments | $1,764 | $1,300 | $3,500 |
| Downtown Grand Rapids 2 Bedroom Apartments | $2,046 | $974 | $3,390 |
| Downtown Grand Rapids 3 Bedroom Apartments | $858 | $810 | $905 |
| Downtown Grand Rapids 4 Bedroom Apartments | $778 | $655 | $1,069 |
Browse Apartments in this Neighborhood
There are currently 43 rentals with your search options within a 2 mile radius of the Downtown Grand Rapids Neighborhood of Grand Rapids, MI.
See all Apartments in Grand RapidsExplore Grand Rapids
Cheapest Available Downtown Grand Rapids Apartments for Rent
 The cheapest available apartment rental in the Downtown Grand Rapids area of Grand Rapids, MI is a Studio unit found at One South priced from $1,149. 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 Downtown Grand Rapids apartments for rent in Grand Rapids, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| One South | Studio | Studio,1BA | $1,149 |
| Grand Central Lofts | One Bedroom | 1BR,1BA | $1,150 |
| The Morton | Studio | Studio,1BA | $1,335 |
| 234 Market Apartments | 1Bed 1Bath Style C | 1BR,1BA | $1,380 |
| The Globe Apartments | 1 Bedroom | 1BR,1BA | $1,400 |
| City View Flats | 1 Bedroom | 1BR,1BA | $1,495 |
| 1 Oakes St SW | 1/1 | 1BR,1BA | $1,525 |
| Wealthy & Sheldon | Wealthy Two Bedroom | 2BR,2BA | $1,599 |
| Residences at 111 | Unit J Workforce Housing Unit* | 1BR,1BA | $1,599 |
| Arena Place Apartments | 1 bed, 1 bath | 1BR,1BA | $1,715 |
Best Value Apartments for Rent in Downtown Grand Rapids, MI
As of September 06, 2026 the best value apartment in the Downtown Grand Rapids area is the $0.71 price per square foot Myers Model at Hopson Flats in the in the Center City neighborhood starting from $810. The second greatest value Downtown Grand Rapids apartment is the 2 Bedroom, 2 Bathroom Model at Venue Tower Apartments starting at $2,405 with a $2.20 price per square foot in the Center City neighborhood. Here is today’s list of the best values for Downtown Grand Rapids apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hopson Flats | Myers | 3BR,1BA | $0.71 |
| Venue Tower Apartments | 2 Bedroom, 2 Bathroom | 2BR,2BA | $2.20 |
| The Waters Center | 2 Bed 2 Bath - 1,075 Sq Ft | 2BR,2BA | $2.14 |
| The Plaza Apartments | OAKES | 2BR,2BA | $2.14 |
| The Globe Apartments | 1 Bedroom | 1BR,1BA | $1.66 |
| Wealthy & Sheldon | Sheldon Two Bedrooms | 2BR,2BA | $2.07 |
| City View Flats | 1 Bedroom | 1BR,1BA | $2.23 |
| The Lofts @ 5 Lyon | 2 Bedroom, 1 Bathroom - Price Per Bed | 2BR,1BA | $1.62 |
| 234 Market Apartments | 1Bed 1Bath Style C | 1BR,1BA | $2.49 |
| Grand Central Lofts | One Bedroom | 1BR,1BA | $2.38 |
Frequently Asked Questions about Cheap Downtown Grand Rapids Apartments
What is the Cheapest Studio apartment in Downtown Grand Rapids?
Currently the most affordable Cheap Studio Apartment in Downtown Grand Rapids is at One South listed at $1,149.
How much is rent for a Cheap One Bedroom Downtown Grand Rapids Apartment?
The lowest price for a Cheap One Bedroom Downtown Grand Rapids Apartment is $1,150 at Grand Central Lofts.
What is the lowest price for a Cheap Two Bedroom Downtown Grand Rapids Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Grand Rapids is starting from $1,599 at Wealthy & Sheldon.
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.
Helpful Local Expert Guides

The Renter's Guide to Grand Rapids Best Neighborhoods Near Major Employers
Written by: Mike Heuer
My name is Mike, and I am your ApartmentHomeLiving.com guide for the greater Grand Rapids area.

Learn what Locals Love About Renting in Grand Rapids, Michigan
Written by: Mike Heuer
The city of Grand Rapids has a growing population of about 203,000, while the greater metropolitan area, including the city, has about 1.2 million residents.

Top Neighborhoods to Rent Near Major Colleges and Universities in Grand Rapids, Michigan
Written by: Mike Heuer
Aquinas College is a private Catholic school of higher education that focuses on liberal arts and was founded in 1886 by the Dominican Sisters of Grand Rapids.

The Local Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.