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from $9251 Bedroom Apartment Available Now
28 Jefferson Ave SE, Unit B
28 Jefferson Ave SEGrand Rapids, MI 49503
Cheap Apartments for Rent in the Franklin Neighborhood of Grand Rapids, MI from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin area of Grand Rapids.
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from $950Studio to 2 Bedroom Apartments Available Now
Grand Central Lofts
100 Commerce Ave SWGrand Rapids, MI 49503
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from $1,030Studio to 2 Bedroom Apartments Contact Us For Availability
Freyling Mendels Apartments
1059 Wealthy St SEGrand Rapids, MI 49506
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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from $1,075Studio Apartments Available Now
Lafayette Apartment Homes
17 Lafayette AveGrand Rapids, MI 49503
306 Hollister Ave SE
Grand RapidsMI49506
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1054 Lafayette Ave SE
Grand RapidsMI49507
743 Neland Ave SE
Grand RapidsMI49506
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Check Out Grand Rapids’s Best Affordable Neighborhoods
Learn about Grand Rapids and the best places to live with original content written by our Local Expert Mike Heuer
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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Showing Results 1-20, Page 1 of 1
Franklin, Grand Rapids, MI Local Guide
How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments | $1,324 | $950 | $1,585 |
| Franklin 1 Bedroom Apartments | $1,632 | $925 | $2,700 |
| Franklin 2 Bedroom Apartments | $1,890 | $1,150 | $3,005 |
| Franklin 3 Bedroom Apartments | $2,105 | $1,350 | $3,768 |
| Franklin 4 Bedroom Apartments | $2,000 | $2,000 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 1 mile radius of the Franklin Neighborhood of Grand Rapids, MI.
See all Apartments in Grand RapidsExplore Grand Rapids
Franklin, Grand Rapids, MI Local Guide
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Cheapest Available Franklin Apartments for Rent
The cheapest available apartment rental in the Franklin area of Grand Rapids, MI is a Studio unit found at Lafayette Apartment Homes priced from $1,075. 549 Logan St SE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Franklin apartments for rent in Grand Rapids, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lafayette Apartment Homes | Studio | Studio,1BA | $1,075 |
| 549 Logan St SE | One Bed | 1BR,1BA | $1,100 |
| Heritage Place | Studio | Studio,1BA | $1,202 |
| The Globe Apartments | 2x1a | 2BR,1BA | $1,250 |
| Waters House Apartments | Atlanta | Studio,1BA | $1,271 |
Best Value Apartments for Rent in Franklin, MI
As of June 19, 2025 the best value apartment in the Franklin area is the $1.31 price per square foot 726 Lake Dr SE Model at 726 Lake Dr SE, Unit B in the in the Belknap Lookout neighborhood starting from $1,700. The second greatest value Franklin apartment is the 07 Style - 2 Bedroom Model at The Gallery starting at $2,025 with a $2.01 price per square foot in the Center City neighborhood. Here is today’s list of the best values for Franklin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 726 Lake Dr SE, Unit B | 726 Lake Dr SE | 2BR,1BA | $1.31 |
| The Gallery | 07 Style - 2 Bedroom | 2BR,2BA | $2.01 |
| 1505 Giddings Ave SE, Unit 1-South | 1505 Giddings Ave SE | 2BR,1.5BA | $1.50 |
| 607 Fulton St E | Four Bed | 4BR,1BA | $2.00 |
| The Baldwin | 2 Bd Bi-Level Corner | 2BR,1.5BA | $1.95 |
| Grand Central Lofts | Two Bedroom | 2BR,1BA | $1.76 |
| The Globe Apartments | 2x1a | 2BR,1BA | $1.74 |
| 28 Jefferson Ave SE, Unit B | 28 Jefferson Ave SE | 1BR,1BA | $1.54 |
| 549 Logan St SE | One Bed | 1BR,1BA | $1.83 |
| Lafayette Apartment Homes | Studio | Studio ,1BA | $2.16 |
Quick Rent Budget Calculator
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleFranklin, Grand Rapids, MI
Ranked #35
Among neighborhoods in Grand Rapids, MI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Franklin, Grand Rapids, MI
Martin Luther King Leadership Academy
Grand Rapids Public Schools
Public School - Grades PK-8 (296)
4 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Franklin Apartments
What is a cheap apartment in Franklin?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Franklin is under $1,800.
What is the price of a cheap apartment in Franklin?
The cheapest apartment in Franklin is 549 Logan St SE which is listed at $1,100, while the average apartment in Franklin costs $3,800.
What types of apartments are the cheapest in Franklin?
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 2 regular apartments in Franklin 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 Franklin?
Cheap apartments in Franklin have an average cost of $1,068 which is $2,732 cheaper than the average rent for all rentals in Franklin.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.