
Cheap Apartments for Rent in the Franklin Neighborhood of Grand Rapids, MI from $440 (66 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the Franklin area of Grand Rapids.


Sheldon Apartments

855 Alexander St SE

Southgate Senior Living

1108 Jefferson Ave SE
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Southtown Lofts

Wealthy & Sheldon

309 Eastern Ave SE

435 LaGrave at Tapestry Square

834 Sherman St SE
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

437 Eastern Ave SE

921 Fairmount St SE

The Studio Park Tower

353 Atlas Ave SE

The Oakwood
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.

253 Eastern Ave SE
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 |
Browse Apartments in this Neighborhood
There are currently 66 rentals with your search options within a 1 mile radius of the Franklin Neighborhood of Grand Rapids, MI.
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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.