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

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Cheap Apartments 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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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
  • Utilities Included
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43 Lafayette Ave
1 Bedroom Apartments

43 Lafayette Ave

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

Iowa Flats

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

One South

41 Division Ave SGrand Rapids, MI 49503
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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225 Lyon
1 to 3 Bedroom Apartments

225 Lyon

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

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. 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 ListingModel NameBed/BathPriced From
Lafayette Apartment HomesStudioStudio,1BA$1,075
Grand Central LoftsOne Bedroom1BR,1BA$1,150
Heritage CollectionPark Place - One Bedroom1BR,1BA$1,199
Venue Tower ApartmentsAmberStudio,1BA$1,233
The Globe Apartments2x1a2BR,1BA$1,250

Best Value Apartments for Rent in Downtown Grand Rapids, MI

As of May 02, 2025 the best value apartment in the Downtown Grand Rapids area is the $0.65 price per square foot 3 bed/Price per Bed Model at Hopson Flats in the in the Center City neighborhood starting from $740. The second greatest value Downtown Grand Rapids apartment is the Two Bedroom Model at 20 Fulton Street East Apartments starting at $2,385 with a $2.26 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.
Hopson Flats3 bed/Price per Bed3BR,1BA$0.65
20 Fulton Street East ApartmentsTwo Bedroom2BR,2BA$2.26
The Plaza ApartmentsOAKES2BR,2BA$2.13
The Globe Apartments2x1a2BR,1BA$1.74
The Lofts @ 5 Lyon - Price Per Bedroom3 Bedroom, 1 Bathroom - Price Per Bed3BR,1BA$1.19
City View Flats1 Bedroom1BR,1BA$2.05
The MortonOne Bedroom1BR,1BA$2.34
28 Jefferson Ave SE, Unit B28 Jefferson Ave SE1BR,1BA$1.54
38 Commerce1Bed/1Bath Style B1BR,1BA$2.34
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 $1,380.

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

The cheapest apartment in Downtown Grand Rapids is Grand Central Lofts which is listed at $1,150, while the average apartment in Downtown Grand Rapids costs $1,849.

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 15 regular apartments in Downtown Grand Rapids that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.