
Cheap Apartments for Rent in the Franklin Neighborhood of Grand Rapids, MI from $400 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin area of Grand Rapids.


Total Monthly Price
28 Jefferson Ave SE, Unit B

822 Eastern Ave SE

Grand Central Lofts

The Globe Apartments

Freyling Mendels Apartments

1008 Baxter St SE

Southtown Lofts
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834 Oakhill St SE

25 La Belle St SW

643 Thomas St SE

549 Logan St SE

Atlantis House

Lafayette 600-300 Pleasant SE

101 South Division Lofts

Metropolitan Park Apartments
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Half Century Apartments

Grand City Heights

123 Division Ave S

43 Lafayette Ave

Iowa Flats

550 Paris

One South

Sheldon Apartments
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
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 | $1,374 | $950 | $1,690 |
| Franklin 1 Bedroom Apartments | $1,634 | $925 | $3,700 |
| Franklin 2 Bedroom Apartments | $1,936 | $1,100 | $5,000 |
| Franklin 3 Bedroom Apartments | $1,887 | $1,100 | $2,750 |
| Franklin 4 Bedroom Apartments | $1,695 | $1,695 | $1,695 |
Browse Apartments in this Neighborhood
There are currently 24 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 1 Bed unit found at The Globe Apartments priced from $975. Southtown Lofts 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 |
|---|---|---|---|
| The Globe Apartments | 1x1e | 1BR,1BA | $975 |
| Southtown Lofts | One Bedroom Style D | 1BR,1BA | $1,100 |
| Grand Central Lofts | One Bedroom | 1BR,1BA | $1,150 |
| 25 La Belle St SW | 2 Bedroom | 2BR,1BA | $1,175 |
| 549 Logan St SE | One Bed | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Franklin, MI
As of March 10, 2026 the best value apartment in the Franklin area is the $2.33 price per square foot 03 Style - 2 Bedroom Model at The Gallery in the in the Center City neighborhood starting from $2,500. The second greatest value Franklin apartment is the 815 Baldwin St SE Model at 815 Baldwin St SE, Unit 1 starting at $1,850 with a $2.06 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. |
|---|---|---|---|
| The Gallery | 03 Style - 2 Bedroom | 2BR,2BA | $2.33 |
| 815 Baldwin St SE, Unit 1 | 815 Baldwin St SE | 3BR,1BA | $2.06 |
| The Baldwin | 2 Bd Bi-Level Interior | 2BR,1.5BA | $2.10 |
| 607 Fulton St E | Two Bed | 2BR,1BA | $1.62 |
| Waters House Apartments | 1 Bed 1 Bath | 1BR,1BA | $2.00 |
| The Globe Apartments | 1x1c | 1BR,1BA | $1.77 |
| Eastown Flats | Atlas | 2BR,1BA | $2.48 |
| Southtown Lofts | One Bedroom Style C | 1BR,1BA | $2.06 |
| 28 Jefferson Ave SE, Unit B | 28 Jefferson Ave SE | 1BR,1BA | $1.54 |
| 549 Logan St SE | One Bed | 1BR,1BA | $2.00 |
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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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
School data provided by Great Schools
Frequently Asked Questions about Cheap Franklin Apartments
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $975 at The Globe Apartments.
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 $1,175 at 25 La Belle St SW.
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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.