737 Fulton St E
Grand RapidsMI49503
Cheap Apartments for Rent in the Franklin Neighborhood of Grand Rapids, MI from $400 (22 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
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$1,030 - $2,390Studio to 2 Bedroom Apartments Available Now
Freyling Mendels Apartments
1059 Wealthy St SEGrand Rapids, MI 49506
452 Oakdale St SE
Grand RapidsMI49507
918 M.L.K. Jr St SE
Grand RapidsMI49507
613 Fuller Ave SE
Grand RapidsMI49506
1326 Sigsbee St SE
Grand RapidsMI49506
801 Prospect Ave SE
Grand RapidsMI49507
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$1,200 - $1,395Studio Apartments Available Now
Lafayette Apartment Homes
17 Lafayette AveGrand Rapids, MI 49503
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$1,200 - $1,3001 Bedroom Apartments Available Now
549 Logan St SE
549 Logan St SEGrand Rapids, MI 49503
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Showing Results 1-22, 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 | $1,337 | $895 | $1,710 |
| Franklin 1 Bedroom Apartments | $1,614 | $1,095 | $3,265 |
| Franklin 2 Bedroom Apartments | $1,802 | $1,050 | $3,270 |
| Franklin 3 Bedroom Apartments | $2,010 | $1,395 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 1 mile radius of the Franklin Neighborhood of Grand Rapids, MI.
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Franklin, Grand Rapids, MI Local Guide
- Nearby Grand Rapids neighborhoods
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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 Freyling Mendels Apartments priced from $1,030. Lafayette Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $1,200. Here are the most affordable Franklin apartments for rent in Grand Rapids, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Freyling Mendels Apartments | Studio Apartment | Studio,1BA | $1,030 |
| Lafayette Apartment Homes | Studio, 1 Bathroom | Studio,1BA | $1,200 |
| 549 Logan St SE | One Bed | 1BR,1BA | $1,200 |
| The Globe Apartments | 2x1a | 2BR,1BA | $1,250 |
| Heritage Place Apartments | Studio | Studio,1BA | $1,295 |
Best Value Apartments for Rent in Franklin, MI
As of October 24, 2025 the best value apartment in the Franklin area is the $2.08 price per square foot 256 Union Ave SE Model at 256 Union Ave SE, Unit 1 Historic District in the in the Center City neighborhood starting from $2,495. The second greatest value Franklin apartment is the 1 Bedroom, 1 Bathroom Model at Madison Apartment Homes starting at $1,795 with a $1.63 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. |
|---|---|---|---|
| 256 Union Ave SE, Unit 1 Historic District | 256 Union Ave SE | 2BR,1BA | $2.08 |
| Madison Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.63 |
| The Gallery | 07 Style - 2 Bedroom | 2BR,2BA | $2.01 |
| The Baldwin | 2 Bd Bi-Level Interior | 2BR,1.5BA | $2.10 |
| 607 Fulton St E | Two Bed | 2BR,1BA | $1.82 |
| Grand Central Lofts | Two Bedroom | 2BR,1BA | $1.76 |
| The Globe Apartments | 1x1d | 1BR,1BA | $1.81 |
| The Lofts Apartments | 1 Bedroom | 1BR,1BA | $2.04 |
| 549 Logan St SE | One Bed | 1BR,1BA | $2.00 |
| Freyling Mendels Apartments | Studio Apartment | Studio ,1BA | $1.92 |
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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
2.5Pet 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 the Cheapest Studio apartment in Franklin?
Currently the most affordable Cheap Studio Apartment in Franklin is at Freyling Mendels Apartments listed at $1,030.
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
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.
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!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.