1032 Logan St SE
Grand RapidsMI49506
Cheap Homes for Rent in the Franklin Neighborhood of Grand Rapids, MI from $900 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Franklin area of Grand Rapids.
448 Thomas St SE
Grand RapidsMI49503
855 Alexander St SE
Grand RapidsMI49507
716 Kellogg St SE
Grand RapidsMI49503
309 Eastern Ave SE
Grand RapidsMI49503
715 Union Ave SE
Grand RapidsMI49503
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.
437 Eastern Ave 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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$1,4252 Bedroom Apartments Available Now
863 M.L.K. Jr St SE, Unit 2
863 M.L.K. Jr St SEGrand Rapids, MI 49507
921 Fairmount St SE
Grand RapidsMI49506
353 Atlas Ave SE
Grand RapidsMI49506
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$1,5002 Bedroom Apartments Available Now
1555 Margaret Ave SE
1555 Margaret Ave SEGrand Rapids, MI 49507
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.
253 Eastern Ave SE
Grand RapidsMI49503
Showing Results 1-13, Page 1 of 1
Franklin, Grand Rapids, MI Local Guide
How much does it cost to rent a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,548 | $925 | $1,945 |
| Franklin 3 Bedroom Homes for Rent | $2,018 | $1,325 | $2,650 |
| Franklin 4 Bedroom Homes for Rent | $2,315 | $1,995 | $2,800 |
| Franklin 5 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
Browse Homes for Rent in this Neighborhood
There are currently 13 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 Grand Central Lofts priced from $950. 25 La Belle St SW has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,175. Here are the most affordable Franklin apartments for rent in Grand Rapids, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grand Central Lofts | Studio | Studio,1BA | $950 |
| 25 La Belle St SW | 2 Bedroom | 2BR,1BA | $1,175 |
| Wealthy & Sheldon | Wealthy Studio | Studio,1BA | $1,249 |
| 607 Fulton St E | Two Bed | 2BR,1BA | $1,375 |
| The Globe Apartments | 1 Bedroom | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in Franklin, MI
As of August 29, 2026 the best value apartment in the Franklin area is the $1.60 price per square foot 1303 Wealthy St SE Model at 1303 Wealthy St SE, Unit Apartment 2 in the in the Belknap Lookout neighborhood starting from $2,400. The second greatest value Franklin apartment is the 726 Lake Dr SE Model at 726 Lake Dr SE, Unit Lake Dr Apartment starting at $1,700 with a $1.42 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. |
|---|---|---|---|
| 1303 Wealthy St SE, Unit Apartment 2 | 1303 Wealthy St SE | 3BR,2BA | $1.60 |
| 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 |
| Waters House Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.97 |
| 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 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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Pet Friendly LifestyleFranklin, Grand Rapids, MI
Ranked #30
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 Franklin
What type of rentals are currently available in Franklin?
There are currently 174 Apartments for Rent in Franklin, MI with pricing that ranges from $440 to $3,275. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $900 to $2,800.
What is the current price range for Rental Homes in Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $900 to $2,800 with an average monthly rent of $1,798.
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.
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.