Cheap Homes for Rent in Downtown Grand Rapids Neighborhood of Grand Rapids, MI from $1,700 (3 Rentals)

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

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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Best Value Apartments for Rent in Downtown Grand Rapids, MI

As of December 11, 2025 the best value apartment in the Downtown Grand Rapids area is the $0.94 price per square foot 2 Bedroom, 1 Bath (Rate Per Bed) Model at Hopson Flats in the in the Center City neighborhood starting from $873. The second greatest value Downtown Grand Rapids apartment is the 2 Bedrooms, 1 Bathroom Model at 25 Lafayette Apartment Homes starting at $1,450 with a $1.57 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 Flats2 Bedroom, 1 Bath (Rate Per Bed)2BR,1BA$0.94
25 Lafayette Apartment Homes2 Bedrooms, 1 Bathroom2BR,1BA$1.57
Lofts on Ionia403 2B2B2BR,1BA$2.00
Grand Central LoftsTwo Bedroom2BR,1BA$1.76
The Globe Apartments1x1d1BR,1BA$1.81
The MortonOne Bedroom1BR,1BA$2.30
The Lofts @ 5 Lyon - Price Per Bedroom2 Bedroom, 1 Bathroom - Price Per Bed2BR,1BA$1.63
28 Jefferson Ave SE, Unit B28 Jefferson Ave SE1BR,1BA$1.54
224 Lyon St NE, Unit #4224 Lyon St NE1BR,1BA$1.92
Lafayette Apartment HomesStudio, 1 BathroomStudio ,1BA$2.36

Frequently Asked Questions about Downtown Grand Rapids

What type of rentals are currently available in Downtown Grand Rapids?

There are currently 71 Apartments for Rent in Downtown Grand Rapids, MI with pricing that ranges from $640 to $5,000. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Grand Rapids ranging from $1,750 to $3,750.

What is the current price range for Rental Homes in Downtown Grand Rapids?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Grand Rapids ranges from $1,750 to $3,750 with an average monthly rent of $2,675.

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

decorative image for The Local Experts Guide to the Best Affordable Neighborhoods in Grand Rapids, MI article

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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!