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$950 - $1,775Studio to 2 Bedroom Apartments Available Now
Grand Central Lofts
100 Commerce Ave SWGrand Rapids, MI 49503
Cheap Apartments for Rent in the Downtown Grand Rapids Neighborhood of Grand Rapids, MI from $600 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Grand Rapids area of Grand Rapids.
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$1,135 - $2,565Studio to 2 Bedroom Apartments Available Now
234 Market Apartments
234 Market Ave SWGrand Rapids, MI 49503
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$1,2001 Bedroom Apartments Available Now
56 Monroe Center St NW, Unit 12
56 Monroe Center St NWGrand Rapids, MI 49503
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Studio to 3 Bedroom Apartments
166 Lafayette Apartments
166 Lafayette Ave NEGrand Rapids, MI 49503
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Studio to 2 Bedroom Apartments
Lafayette Apartments
143-145 Lafayette Ave NEGrand Rapids, MI 49503
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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1 to 2 Bedroom Apartments
101 South Division Lofts
101 Division Ave SGrand Rapids, MI 49503
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2 to 3 Bedroom Apartments
Metropolitan Park Apartments
350 Ionia Ave SWGrand Rapids, MI 49503
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Studio to 3 Bedroom Apartments
Heritage Collection
68 Ransom Ave NEGrand Rapids, MI 49503
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Studio to 2 Bedroom Apartments
Half Century Apartments
14-16 Jefferson Ave SEGrand Rapids, MI 49503
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Studio to 2 Bedroom Apartments
Grand City Heights
333 Commerce Ave SWGrand Rapids, MI 49503
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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Studio to 1 Bedroom Apartments
43 Lafayette Ave
43 Lafayette AveGrand Rapids, MI 49503
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1 to 2 Bedroom Apartments
123 Division Ave S
123 Division Ave SGrand Rapids, MI 49503
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Studio to 3 Bedroom Apartments
Iowa Flats
119-125 Jefferson Ave SEGrand Rapids, MI 49503
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Studio to 2 Bedroom Apartments
One South
41 Division Ave SGrand Rapids, MI 49503
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1 to 3 Bedroom Apartments
225 Lyon
223-225 Lyon St NEGrand Rapids, MI 49503
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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Downtown Grand Rapids, Grand Rapids, MI Local Guide
Copyright CoStar Group, Inc
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 | $1,392 | $950 | $2,500 |
| Downtown Grand Rapids 1 Bedroom Apartments | $1,792 | $1,150 | $3,829 |
| Downtown Grand Rapids 2 Bedroom Apartments | $2,113 | $979 | $5,000 |
| Downtown Grand Rapids 3 Bedroom Apartments | $1,191 | $779 | $2,100 |
| Downtown Grand Rapids 4 Bedroom Apartments | $721 | $645 | $869 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Grand Rapids Neighborhood of Grand Rapids, MI.
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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 234 Market Apartments priced from $1,130. 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 |
|---|---|---|---|
| 234 Market Apartments | Studio Apartment Style G/J | Studio,1BA | $1,130 |
| Grand Central Lofts | One Bedroom | 1BR,1BA | $1,150 |
| The Globe Apartments | 2x1a | 2BR,1BA | $1,250 |
| Venue Tower Apartments | Studio | Studio,1BA | $1,285 |
| The Morton | Studio | Studio,1BA | $1,291 |
Best Value Apartments for Rent in Downtown Grand Rapids, MI
As of May 19, 2026 the best value apartment in the Downtown Grand Rapids area is the $2.92 price per square foot 60 Monroe Center St NW Model at 60 Monroe Center St NW, Unit 6B in the in the Center City neighborhood starting from $3,500. The second greatest value Downtown Grand Rapids apartment is the Myers Model at Hopson Flats starting at $784 with a $0.69 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. |
|---|---|---|---|
| 60 Monroe Center St NW, Unit 6B | 60 Monroe Center St NW | 1BR,1.5BA | $2.92 |
| Hopson Flats | Myers | 3BR,1BA | $0.69 |
| City View Flats | 2 Bedroom | 2BR,1BA | $1.73 |
| The Lofts Apartments | 2 Bedroom-1 Bath | 2BR,1BA | $1.80 |
| The Globe Apartments | 1x1e | 1BR,1BA | $2.07 |
| 1 Oakes St SW | 1/1 | 1BR,1BA | $2.38 |
| The Lofts @ 5 Lyon - Price Per Bedroom | 2 Bedroom, 1 Bathroom - Price Per Bed | 2BR,1BA | $1.63 |
| The Morton | Studio | Studio ,1BA | $2.74 |
| 234 Market Apartments | Studio Apartment Style G/J | Studio ,1BA | $2.85 |
| Grand Central Lofts | One Bedroom | 1BR,1BA | $3.01 |
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 $2,500.
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 $2,175.
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 4 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 $647 which is $1,528 cheaper than the average rent for all rentals in Downtown 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
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.
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.
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.
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.