Cheap Homes for Rent in the Downtown Grand Rapids Neighborhood of Grand Rapids, MI from $1,995 (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.

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.

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.

property at 27 Library St NE
$3,800

Total Monthly Price

Base Rent$3,800

Total Monthly Price$3,800
2 Bedroom, 2 Bath Condo for Rent
Available Oct 12
Furnished

27 Library St NE, Unit 602

27 Library St NE
Grand RapidsMI49503

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Hopson FlatsMyers3BR,1BA$0.71
Venue Tower Apartments2 Bedroom, 2 Bathroom2BR,2BA$2.20
The Waters Center2 Bed 2 Bath - 1,075 Sq Ft2BR,2BA$2.14
The Plaza ApartmentsOAKES2BR,2BA$2.14
The Globe Apartments1 Bedroom1BR,1BA$1.66
Wealthy & SheldonSheldon Two Bedrooms2BR,2BA$2.07
City View Flats1 Bedroom1BR,1BA$2.23
The Lofts @ 5 Lyon2 Bedroom, 1 Bathroom - Price Per Bed2BR,1BA$1.62
234 Market Apartments1Bed 1Bath Style C1BR,1BA$2.49
Grand Central LoftsOne Bedroom1BR,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

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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

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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.

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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.

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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.