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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 (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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$9501 Bedroom Apartments Available Now
28 Jefferson Ave
28 Jefferson AveGrand Rapids, MI 49503
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Rent Specials
$1,149 - $1,770Studio to 2 Bedroom Apartments Available Now
One South
41 Division Ave SGrand Rapids, MI 49503
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$1,185 - $2,515Studio to 2 Bedroom Apartments Available Jul 21
234 Market Apartments
234 Market Ave SWGrand Rapids, MI 49503
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1 to 2 Bedroom Apartments
Klingman Lofts
400 Ionia Ave SWGrand 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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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
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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
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 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
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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
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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1 to 3 Bedroom Apartments
225 Lyon
223-225 Lyon St NEGrand Rapids, MI 49503
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 | $1,379 | $950 | $2,500 |
| Downtown Grand Rapids 1 Bedroom Apartments | $1,754 | $950 | $3,793 |
| Downtown Grand Rapids 2 Bedroom Apartments | $2,003 | $890 | $3,275 |
| Downtown Grand Rapids 3 Bedroom Apartments | $1,319 | $797 | $2,100 |
| Downtown Grand Rapids 4 Bedroom Apartments | $737 | $634 | $904 |
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 Grand Central Lofts priced from $950. 28 Jefferson Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Downtown Grand Rapids apartments for rent in Grand Rapids, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grand Central Lofts | Studio | Studio,1BA | $950 |
| 28 Jefferson Ave | A | 1BR,1BA | $950 |
| One South | Studio | Studio,1BA | $1,149 |
| The Globe Apartments | 2x1a | 2BR,1BA | $1,250 |
| Wealthy & Sheldon | Wealthy Studio | Studio,1BA | $1,299 |
Best Value Apartments for Rent in Downtown Grand Rapids, MI
As of July 16, 2026 the best value apartment in the Downtown Grand Rapids area is the $2.10 price per square foot BOSTWICK Model at The Plaza Apartments in the in the Center City neighborhood starting from $2,115. The second greatest value Downtown Grand Rapids apartment is the Grand Model at Hopson Flats starting at $890 with a $0.96 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. |
|---|---|---|---|
| The Plaza Apartments | BOSTWICK | 2BR,2BA | $2.10 |
| Hopson Flats | Grand | 2BR,1BA | $0.96 |
| The Globe Apartments | 1x1e | 1BR,1BA | $2.07 |
| 1 Oakes St SW | 1/1 | 1BR,1BA | $2.38 |
| The Morton | One Bedroom | 1BR,1BA | $2.51 |
| Arena Place Apartments | 1 bed, 1 bath | 1BR,1BA | $2.76 |
| The Lofts @ 5 Lyon | 2 Bedroom, 1 Bathroom - Price Per Bed | 2BR,1BA | $1.67 |
| Venue Tower Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.77 |
| The Gallery Apartments | 01 Style - Studio | Studio ,1BA | $2.83 |
| Grand Central Lofts | Studio | Studio ,1BA | $2.24 |
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 $1,599.
What is the price of a cheap apartment in Downtown Grand Rapids?
The cheapest apartment in Downtown Grand Rapids is 28 Jefferson Ave which is listed at $950, while the average apartment in Downtown Grand Rapids costs $2,115.
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.
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 $624 which is $1,491 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.
Helpful Local Expert Guides
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.
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.
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.
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.
Articles, How-To's, and Tips
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.