Cheap Homes for Rent in Franklin Neighborhood of Grand Rapids, MI from $800 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in the Franklin area of Grand Rapids.

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Franklin, Grand Rapids, MI Local Guide

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 Lafayette Apartment Homes priced from $1,075. 549 Logan St SE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable Franklin apartments for rent in Grand Rapids, MI:

Apartment ListingModel NameBed/BathPriced From
Lafayette Apartment HomesStudioStudio,1BA$1,075
549 Logan St SEOne Bed1BR,1BA$1,200
636 Kellogg Street Apartment HomesStudio, 1 BathroomStudio,1BA$1,225
The Globe Apartments2x1a2BR,1BA$1,250
Heritage PlaceStudioStudio,1BA$1,332

Best Value Apartments for Rent in Franklin, MI

As of August 29, 2025 the best value apartment in the Franklin area is the $1.29 price per square foot 1035 Wealthy St SE Model at 1035 Wealthy St SE in the in the Belknap Lookout neighborhood starting from $2,250. The second greatest value Franklin apartment is the PENTHOUSES Model at 38 Commerce starting at $2,420 with a $1.92 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1035 Wealthy St SE1035 Wealthy St SE3BR,1BA$1.29
38 CommercePENTHOUSES2BR,2.5BA$1.92
The Gallery05 Style - 2 Bedroom2BR,2BA$1.92
25 Lafayette Apartment Homes2 Bedrooms, 1 Bathroom2BR,1BA$1.70
The Lofts Apartments2 Bedroom-2 Bath2BR,2BA$1.61
607 Fulton St ETwo Bed2BR,1BA$1.82
Waters House ApartmentsCharleston2BR,1BA$1.93
Grand Central LoftsTwo Bedroom2BR,1BA$1.76
The Globe Apartments2x1a2BR,1BA$1.74
549 Logan St SEOne Bed1BR,1BA$2.00

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Pet Friendly Lifestyle
Franklin, Grand Rapids, MI

Ranked #34

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Franklin, Grand Rapids, MI

School data provided by Great Schools

Frequently Asked Questions about Franklin

What type of rentals are currently available in Franklin?

There are currently 158 Apartments for Rent in Franklin, MI with pricing that ranges from $925 to $3,100. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $875 to $3,400.

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 $875 to $3,400 with an average monthly rent of $1,938.

How much are larger Three and Four Bedroom Rentals in Franklin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $1,395 to $2,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $1,900.

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.

decorative image for The Local Experts Guide to the Best Affordable Neighborhoods in Grand Rapids, MI article

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.