
Cheap Homes for Rent in the Downtown Grand Rapids Neighborhood of Grand Rapids, MI from $1,995 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Grand Rapids area of Grand Rapids.

The Renter's Guide to Grand Rapids' Best Neighborhoods Near Major Employers
Working in Grand Rapids? Find the perfect neighborhood near your job. Our local guide covers the best places to rent near Steelcase, Corewell Health, GE Aerospace, and Honeywell.

Total Monthly Price
65 Monroe Center St NW, Unit SI ID1539826P
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

27 Library St NE, Unit 602
Downtown Grand Rapids, Grand Rapids, MI Local Guide

How much does it cost to rent a home in Downtown Grand Rapids?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Grand Rapids 2 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downtown Grand Rapids Neighborhood of Grand Rapids, MI.
Explore Grand Rapids
Best Value Apartments for Rent in Downtown Grand Rapids, MI
As of September 06, 2026 the best value apartment in the Downtown Grand Rapids area is the $0.71 price per square foot Myers Model at Hopson Flats in the in the Center City neighborhood starting from $810. The second greatest value Downtown Grand Rapids apartment is the 2 Bedroom, 2 Bathroom Model at Venue Tower Apartments starting at $2,405 with a $2.20 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 | Myers | 3BR,1BA | $0.71 |
| Venue Tower Apartments | 2 Bedroom, 2 Bathroom | 2BR,2BA | $2.20 |
| The Waters Center | 2 Bed 2 Bath - 1,075 Sq Ft | 2BR,2BA | $2.14 |
| The Plaza Apartments | OAKES | 2BR,2BA | $2.14 |
| The Globe Apartments | 1 Bedroom | 1BR,1BA | $1.66 |
| Wealthy & Sheldon | Sheldon Two Bedrooms | 2BR,2BA | $2.07 |
| City View Flats | 1 Bedroom | 1BR,1BA | $2.23 |
| The Lofts @ 5 Lyon | 2 Bedroom, 1 Bathroom - Price Per Bed | 2BR,1BA | $1.62 |
| 234 Market Apartments | 1Bed 1Bath Style C | 1BR,1BA | $2.49 |
| Grand Central Lofts | One Bedroom | 1BR,1BA | $2.38 |
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 $655 to $3,500. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Grand Rapids ranging from $1,995 to $3,995.
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 $1,995 to $3,995 with an average monthly rent of $2,995.
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 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.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.