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$950 - $1,850Studio 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 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Grand Rapids area of Grand Rapids.
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$995 - $1,395Studio Apartments Available Now
Lafayette Apartment Homes
17 Lafayette AveGrand Rapids, MI 49503
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$1,145 - $1,815Studio to 2 Bedroom Apartments Contact Us For Availability
Lofts at the Kendall
16 Monroe Center St NEGrand Rapids, MI 49503
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$1,165 - $2,435Studio to 2 Bedroom Apartments Available Now
234 Market Apartments
234 Market Ave SWGrand Rapids, MI 49503
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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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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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Showing Results 1-16, Page 1 of 1
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 | $1,343 | $950 | $2,500 |
| Downtown Grand Rapids 1 Bedroom Apartments | $1,617 | $1,150 | $3,500 |
| Downtown Grand Rapids 2 Bedroom Apartments | $1,908 | $945 | $3,050 |
| Downtown Grand Rapids 3 Bedroom Apartments | $1,460 | $840 | $2,100 |
| Downtown Grand Rapids 4 Bedroom Apartments | $643 | $643 | $643 |
Browse Apartments in this Neighborhood
There are currently 16 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 Lafayette Apartment Homes priced from $995. The Lofts @ 5 Lyon - Price Per Bedroom has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable Downtown Grand Rapids apartments for rent in Grand Rapids, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lafayette Apartment Homes | Studio, 1 Bathroom | Studio,1BA | $995 |
| The Lofts @ 5 Lyon - Price Per Bedroom | Studio | Studio,1BA | $1,050 |
| 234 Market Apartments | Micro Apartment Style H | Studio,1BA | $1,165 |
| The Globe Apartments | 2x1a | 2BR,1BA | $1,250 |
| Venue Tower Apartments | Studio | Studio,1BA | $1,306 |
Best Value Apartments for Rent in Downtown Grand Rapids, MI
As of November 07, 2025 the best value apartment in the Downtown Grand Rapids area is the $0.48 price per square foot 4 Bedroom, 2 Baths (Rate Per Bed) Model at Hopson Flats in the in the Center City neighborhood starting from $643. The second greatest value Downtown Grand Rapids apartment is the 2 bed, 2 bath Model at Arena Place Apartments starting at $2,096 with a $2.08 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 | 4 Bedroom, 2 Baths (Rate Per Bed) | 4BR,2BA | $0.48 |
| Arena Place Apartments | 2 bed, 2 bath | 2BR,2BA | $2.08 |
| The Plaza Apartments | BOSTWICK | 2BR,2BA | $2.28 |
| The Gallery | 07 Style - 2 Bedroom | 2BR,2BA | $2.01 |
| 25 Lafayette Apartment Homes | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $1.72 |
| The Lofts Apartments | 2 Bedroom-1 Bath | 2BR,1BA | $1.65 |
| Grand Central Lofts | Two Bedroom | 2BR,1BA | $1.76 |
| The Globe Apartments | 1x1d | 1BR,1BA | $1.81 |
| The Morton | One Bedroom | 1BR,1BA | $2.30 |
| Lafayette Apartment Homes | Studio, 1 Bathroom | Studio ,1BA | $2.36 |
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,590.
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 $1,850.
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 9 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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.