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$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 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin area of Grand Rapids.
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$950 - $1,850Studio to 2 Bedroom Apartments Available Now
Grand Central Lofts
100 Commerce Ave SWGrand Rapids, MI 49503
452 Oakdale St SE
Grand RapidsMI49507
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$995 - $1,325Studio Apartments Available Now
Lafayette Apartment Homes
17 Lafayette AveGrand Rapids, MI 49503
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$1,030 - $2,390Studio to 2 Bedroom Apartments Available Now
Freyling Mendels Apartments
1059 Wealthy St SEGrand Rapids, MI 49506
1326 Sigsbee St SE
Grand RapidsMI49506
801 Prospect Ave SE
Grand RapidsMI49507
535 Howard St SE
Grand RapidsMI49507
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.
1328 Jefferson Ave SE
Grand RapidsMI49507
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$1,200 - $1,3001 Bedroom Apartments Available Now
549 Logan St SE
549 Logan St SEGrand Rapids, MI 49503
444 Paris Ave SE
Grand RapidsMI49503
536 Lafayette Ave SE
Grand RapidsMI49503
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$1,239 - $2,235Studio to 3 Bedroom Apartments Available Now
Waters House Apartments
500 Fulton St EGrand Rapids, MI 49503
511 Woodlawn St SE
Grand RapidsMI49507
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Rent Specials
$1,250Studio Apartments Available Dec 14
Fulton Square
1 Carlton Ave SEGrand Rapids, MI 49506
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$1,250 - $2,1001 to 3 Bedroom Apartments Available Now
The Globe Apartments
315 Commerce Av SWGrand Rapids, MI 49503
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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$1,275 - $5,000Studio to 2 Bedroom Apartments Available Now
Studio Park Lofts & Tower
122 Oakes St SWGrand Rapids, MI 49503
330 Charles Ave SE
Grand RapidsMI49503
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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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Studio to 2 Bedroom Apartments
636 Kellogg Street Apartment Homes
636 Kellogg St SEGrand Rapids, MI 49503
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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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Showing Results 1-35, 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 | $1,317 | $950 | $1,690 |
| Franklin 1 Bedroom Apartments | $1,647 | $925 | $3,700 |
| Franklin 2 Bedroom Apartments | $1,905 | $975 | $5,000 |
| Franklin 3 Bedroom Apartments | $2,007 | $1,695 | $2,400 |
| Franklin 4 Bedroom Apartments | $2,600 | $2,500 | $2,800 |
Browse Apartments in this Neighborhood
There are currently 35 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
- Nearby Grand Rapids neighborhoods
- Nearby Cities
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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 $995. Freyling Mendels Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,030. 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, 1 Bathroom | Studio,1BA | $995 |
| Freyling Mendels Apartments | Studio Apartment | Studio,1BA | $1,030 |
| 549 Logan St SE | One Bed | 1BR,1BA | $1,200 |
| Washington Street Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1,225 |
| Waters House Apartments | Studio | Studio,1BA | $1,237 |
| The Globe Apartments | 2x1a | 2BR,1BA | $1,250 |
| 636 Kellogg Street Apartment Homes | Studio, 1 Bathroom | Studio,1BA | $1,315 |
| Heritage Place Apartments | Studio | Studio,1BA | $1,321 |
| Prospect Apartment Homes | Studio, 1 Bathroom | Studio,1BA | $1,325 |
Best Value Apartments for Rent in Franklin, MI
As of December 09, 2025 the best value apartment in the Franklin area is the $1.52 price per square foot 906 Fairmount St SE Model at 906 Fairmount St SE in the in the Belknap Lookout neighborhood starting from $2,200. The second greatest value Franklin apartment is the 2bed/2bath Model at Historic Kingsley Building starting at $1,875 with a $1.34 price per square foot in the Belknap Lookout 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. |
|---|---|---|---|
| 906 Fairmount St SE | 906 Fairmount St SE | 3BR,1BA | $1.52 |
| Historic Kingsley Building | 2bed/2bath | 2BR,2BA | $1.34 |
| Madison Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.54 |
| 25 Lafayette Apartment Homes | 2 Bedrooms, 1 Bathroom | 2BR,1BA | $1.57 |
| Lofts on Ionia | 403 2B2B | 2BR,1BA | $2.00 |
| 607 Fulton St E | Two Bed | 2BR,1BA | $1.62 |
| Grand Central Lofts | Two Bedroom | 2BR,1BA | $1.76 |
| The Globe Apartments | 1x1d | 1BR,1BA | $1.81 |
| 28 Jefferson Ave SE, Unit B | 28 Jefferson Ave SE | 1BR,1BA | $1.54 |
| Freyling Mendels Apartments | Studio Apartment | Studio ,1BA | $1.92 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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How much rent can you afford?
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 #34
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet 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 the Cheapest Studio apartment in Franklin?
Currently the most affordable Cheap Studio Apartment in Franklin is at Lafayette Apartment Homes listed at $995.
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $1,200 at 549 Logan St SE.
What is the lowest price for a Cheap Two Bedroom Franklin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Franklin is starting from $1,250 at The Globe Apartments.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at The Globe Apartments and starts from $2,063.
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
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.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!