Cheap Apartments for Rent in the Downtown Grand Rapids Neighborhood of Grand Rapids, MI from $600 (15 Rentals)

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

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Lafayette Apartments
Studio to 2 Bedroom Apartments

Lafayette Apartments

143-145 Lafayette Ave NEGrand Rapids, MI 49503

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Half Century Apartments
Studio to 2 Bedroom Apartments

Half Century Apartments

14-16 Jefferson Ave SEGrand Rapids, MI 49503
  • Utilities Included
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Grand City Heights
Studio to 1 Bedroom Apartments

Grand City Heights

333 Commerce Ave SWGrand Rapids, MI 49503
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43 Lafayette Ave
1 Bedroom Apartments

43 Lafayette Ave

43 Lafayette AveGrand Rapids, MI 49503
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Iowa Flats
Studio to 3 Bedroom Apartments

Iowa Flats

119-125 Jefferson Ave SEGrand Rapids, MI 49503
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One South
Studio Apartments

One South

41 Division Ave SGrand Rapids, MI 49503
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225 Lyon
1 to 3 Bedroom Apartments

225 Lyon

223-225 Lyon St NEGrand Rapids, MI 49503
  • Utilities Included

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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 Lafayette Apartment Homes priced from $1,075. Venue Tower Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,187. Here are the most affordable Downtown Grand Rapids apartments for rent in Grand Rapids, MI:

Apartment ListingModel NameBed/BathPriced From
Lafayette Apartment HomesStudioStudio,1BA$1,075
Venue Tower ApartmentsAmberStudio,1BA$1,187
The Globe Apartments2x1a2BR,1BA$1,250
Grand Central LoftsTwo Bedroom2BR,1BA$1,350
234 Market ApartmentsNew Construction 1 Bed 1 Bath1BR,1BA$1,395

Best Value Apartments for Rent in Downtown Grand Rapids, MI

As of August 02, 2025 the best value apartment in the Downtown Grand Rapids area is the $1.75 price per square foot 2 Bedroom Model at City View Flats in the in the Center City neighborhood starting from $1,775. The second greatest value Downtown Grand Rapids apartment is the Grandville Model at Arena Place Apartments starting at $2,117 with a $2.21 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 ListingModel NameBed/BathPrice Per Sq.Ft.
City View Flats2 Bedroom2BR,1BA$1.75
Arena Place ApartmentsGrandville2BR,2BA$2.21
Hopson Flats2 bed/Price per Bed2BR,1BA$0.91
25 Lafayette Apartment Homes2 Bedrooms, 1 Bathroom2BR,1BA$1.83
Grand Central LoftsTwo Bedroom2BR,1BA$1.76
Wealthy & SheldonSheldon Two Bedrooms2BR,2BA$2.38
The Globe Apartments1x1d1BR,1BA$1.81
38 Commerce1 Bed/1Bath Style A1BR,1BA$2.40
The Lofts @ 5 Lyon - Price Per Bedroom2 Bedroom, 1 Bathroom - Price Per Bed2BR,1BA$1.58
Lafayette Apartment HomesStudioStudio ,1BA$2.16

Getting Around the Downtown Grand Rapids Neighborhood in Grand Rapids, MI

Walk Score®

95 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

65 / 100

Bikeable

Some bike infrastructure

Transit Score®

68 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Downtown Grand Rapids Apartments

What is a cheap apartment in Downtown Grand Rapids?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Grand Rapids is under $1,695.

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

The cheapest apartment in Downtown Grand Rapids is The Globe Apartments which is listed at $1,250, while the average apartment in Downtown Grand Rapids costs $1,805.

What types of apartments are the cheapest in Downtown 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 11 regular apartments in Downtown 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 Downtown Grand Rapids?

Cheap apartments in Downtown Grand Rapids have an average cost of $665 which is $1,140 cheaper than the average rent for all rentals in Downtown Grand Rapids.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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