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$440 - $1,7501 to 3 Bedroom Apartments Contact Us For Availability
Kabo Flats at Boston Square
1470 Kalamazoo Ave SEGrand Rapids, MI 49507
Cheap Apartments for Rent in the Franklin Neighborhood of Grand Rapids, MI from $440 (67 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin area of Grand Rapids.
825 Evergreen St SE
Grand RapidsMI49507
1008 Worden St SE
Grand RapidsMI49507
1000 Cass Ave SE
Grand RapidsMI49507
851 Worden St SE
Grand RapidsMI49507
1032 Logan St SE
Grand RapidsMI49506
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$950 - $1,775Studio 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
514 Fuller Ave SE
Grand RapidsMI49506
922 M.L.K. Jr St SE
Grand RapidsMI49507
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.
834 Oakhill St SE
Grand RapidsMI49507
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$1,149 - $1,770Studio to 2 Bedroom Apartments Available Now
One South
41 Division Ave SGrand Rapids, MI 49503
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$1,1752 Bedroom Apartments Available Now
25 La Belle St SW
25 La Belle St SWGrand Rapids, MI 49507
613 Fuller Ave SE
Grand RapidsMI49506
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$1,200
Total Monthly Price
Base Rent$1,200
Total Monthly Price$1,200
533 Prospect Ave SE, Unit lower
533 Prospect Ave SEGrand Rapids, MI 49503
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Rent Specials
$1,245 - $1,445Studio to 1 Bedroom Apartments Available Nov 6
Highland Place Apartments
405 Washington St SEGrand Rapids, MI 49503
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$1,275 - $3,390Studio to 2 Bedroom Apartments Available Nov 10
Studio Park Towers and Lofts
122 Oakes St SWGrand Rapids, MI 49503
346-346 Diamond Ave SE
Grand RapidsMI49506
901 Logan St SE
Grand RapidsMI49506
1114 Dunham St SE
Grand RapidsMI49506
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.
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$1,316 - $2,551Studio to 3 Bedroom Apartments Available Now
Waters House Apartments
500 Fulton St EGrand Rapids, MI 49503
148 Oakes St SE
Grand RapidsMI49503
840 Kalamazoo Ave SE
Grand RapidsMI49507
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$1,375 - $1,6752 to 3 Bedroom Apartments Available Now
607 Fulton St E
607 Fulton St EGrand Rapids, MI 49503
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$1,380 - $3,2451 to 2 Bedroom Apartments Available Sep 27
38 Commerce
38 Commerce Ave SWGrand Rapids, MI 49503
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$1,390 - $2,400Studio to 2 Bedroom Apartments Available Now
Heritage Place Apartments
50 College Ave SEGrand Rapids, MI 49503
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$1,3902 Bedroom Apartments Available Now
863 M.L.K. Jr St SE, Unit 2
863 M.L.K. Jr St SEGrand Rapids, MI 49507
740 Kellogg St SE
Grand RapidsMI49503
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$1,4002 Bedroom Apartments Available Now
1027 Benjamin Ave SE, Unit 2
1027 Benjamin Ave SEGrand Rapids, MI 49506
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$1,400
Total Monthly Price
Base Rent$1,400
Total Monthly Price$1,400
1027 Benjamin Ave SE, Unit SE Grand Rapids 2-bedroom
1027 Benjamin Ave SEGrand Rapids, MI 49506
Learn what Locals Love About Renting in Grand Rapids, Michigan
Discover why Grand Rapids, Michigan, is a premier place to live and work. Explore the Grand Rapids Local Expert's guide to top-rated schools, world-class healthcare, vibrant food scene, and endless recreational activities.
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$1,400 - $1,7321 to 2 Bedroom Apartments Available Now
The Globe Apartments
315 Commerce Av SWGrand Rapids, MI 49503
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$1,425 - $1,5951 to 2 Bedroom Apartments Available Now
357 Madison Ave. SE #F2
357 Madison AveGrand Rapids, MI 49503
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$1,475 - $2,5351 to 2 Bedroom Apartments Available Sep 18
Historic Kingsley Building
1415 Lake Dr SEGrand Rapids, MI 49506
719 Delaware St SE
Grand RapidsMI49507
236 Sycamore St SE
Grand RapidsMI49503
946 Sigsbee St SE
Grand RapidsMI49506
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$1,500 - $1,550
Total Monthly Price
Base Rent$1,500 - $1,550
Total Monthly Price$1,500 - $1,550
127 Paddock Ave SE
127 Paddock Ave SEGrand Rapids, MI 49506
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4 Bedroom Apartments
Atlantis House
429-431 Washington StGrand Rapids, MI 49503
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1 to 2 Bedroom Apartments
Klingman Lofts
400 Ionia Ave SWGrand Rapids, MI 49503
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Studio to 1 Bedroom Apartments
600 Lafayette Ave SE
600 Lafayette Ave SEGrand Rapids, MI 49503
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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1 to 2 Bedroom Apartments
Baker Lofts
40 Logan St SWGrand Rapids, MI 49503
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1 to 2 Bedroom Apartments
101 South Division Lofts
101 Division Ave SGrand Rapids, MI 49503
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2 to 3 Bedroom Apartments
Metropolitan Park Apartments
350 Ionia Ave SWGrand Rapids, MI 49503
1032 Logan St SE
Grand RapidsMI49506
448 Thomas St SE
Grand RapidsMI49503
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1 Bedroom Apartments
28 Jefferson Ave
28 Jefferson AveGrand Rapids, MI 49503
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Studio to 2 Bedroom Apartments
Half Century Apartments
14-16 Jefferson Ave SEGrand Rapids, MI 49503
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Studio to 2 Bedroom Apartments
Grand City Heights
333 Commerce Ave SWGrand Rapids, MI 49503
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Studio to 1 Bedroom Apartments
43 Lafayette Ave
43 Lafayette AveGrand Rapids, MI 49503
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1 to 2 Bedroom Apartments
123 Division Ave S
123 Division Ave SGrand Rapids, MI 49503
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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 | $1,340 | $875 | $1,690 |
| Franklin 1 Bedroom Apartments | $1,614 | $440 | $2,670 |
| Franklin 2 Bedroom Apartments | $1,750 | $500 | $3,390 |
| Franklin 3 Bedroom Apartments | $1,673 | $555 | $2,550 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 67 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
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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 One South priced from $1,149. Grand Central Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here are the most affordable Franklin apartments for rent in Grand Rapids, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| One South | Studio | Studio,1BA | $1,149 |
| Grand Central Lofts | One Bedroom | 1BR,1BA | $1,150 |
| 25 La Belle St SW | 2 Bedroom | 2BR,1BA | $1,175 |
| 607 Fulton St E | Two Bed | 2BR,1BA | $1,375 |
| The Globe Apartments | 1 Bedroom | 1BR,1BA | $1,400 |
| Freyling Mendels Apartments | 1bed/1bath Apartment | 1BR,1BA | $1,410 |
| 357 Madison Ave. SE #F2 | One Bedroom/One Bathroom | 1BR,1BA | $1,425 |
| Waters House Apartments | 2 Bed 1 Bath | 2BR,1BA | $1,495 |
Best Value Apartments for Rent in Franklin, MI
As of September 07, 2026 the best value apartment in the Franklin area is the $1.42 price per square foot 726 Lake Dr SE Model at 726 Lake Dr SE, Unit Lake Dr Apartment in the in the Belknap Lookout neighborhood starting from $1,700. The second greatest value Franklin apartment is the Three Bed Model at 607 Fulton St E starting at $1,675 with a $1.68 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 Lake Dr Apartment | 726 Lake Dr SE | 2BR,1BA | $1.42 |
| 607 Fulton St E | Three Bed | 3BR,1BA | $1.68 |
| 127 Paddock Ave SE | 127 Paddock Ave SE | 2BR,1BA | $1.72 |
| 357 Madison Ave. SE #F2 | Two Bedroom/Two Bath | 2BR,2BA | $1.88 |
| The Globe Apartments | 1 Bedroom | 1BR,1BA | $1.66 |
| 1027 Benjamin Ave SE, Unit SE Grand Rapids 2-bedroom | 1027 Benjamin Ave SE | 2BR,1BA | $1.75 |
| Wealthy & Sheldon | Sheldon Two Bedrooms | 2BR,2BA | $2.07 |
| Waters House Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.95 |
| Freyling Mendels Apartments | 1bed/1bath Apartment | 1BR,1BA | $1.88 |
| 533 Prospect Ave SE, Unit lower | 533 Prospect Ave SE | 1BR,1BA | $1.85 |
Top Neighborhoods to Rent Near Major Colleges and Universities in Grand Rapids, Michigan
Find your perfect student apartment near Aquinas College, Calvin University, Cornerstone University, and Grand Rapids Community College. Discover top neighborhoods for off-campus housing in Grand Rapids, MI.
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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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Quick Rent Budget Calculator
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 #29
Among cities in Michigan 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 (286)
3 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 $1,495.
What is the price of a cheap apartment in Franklin?
The cheapest apartment in Franklin is Grand Central Lofts which is listed at $1,150, while the average apartment in Franklin costs $1,595.
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 4 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 $478 which is $1,117 cheaper than the average rent for all rentals in Franklin.
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
The Renter's Guide to Grand Rapids Best Neighborhoods Near Major Employers
Written by: Mike Heuer
My name is Mike, and I am your ApartmentHomeLiving.com guide for the greater Grand Rapids area.
Learn what Locals Love About Renting in Grand Rapids, Michigan
Written by: Mike Heuer
The city of Grand Rapids has a growing population of about 203,000, while the greater metropolitan area, including the city, has about 1.2 million residents.
Top Neighborhoods to Rent Near Major Colleges and Universities in Grand Rapids, Michigan
Written by: Mike Heuer
Aquinas College is a private Catholic school of higher education that focuses on liberal arts and was founded in 1886 by the Dominican Sisters of Grand Rapids.
The Local Expert's 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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
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.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
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.