716 Kellogg St SE
Grand RapidsMI49503
Cheap Homes for Rent in Franklin Neighborhood of Grand Rapids, MI from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Franklin area of Grand Rapids.
943 Baldwin St SE
Grand RapidsMI49506
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
1034 Worden St SE
Grand RapidsMI49507
902 Cherry St SE
Grand RapidsMI49506
1030 Chester St SE
Grand RapidsMI49506
735 Alexander St SE
Grand RapidsMI49507
930 Sheldon Ave SE
Grand RapidsMI49507
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from $1,5002 Bedroom Apartments Available Aug 11
220 Eastern Ave SE
220 Eastern Ave SEGrand Rapids, MI 49506
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from $1,5002 Bedroom Apartments Available Aug 26
220 Eastern Ave SE
220 Eastern Ave SEGrand Rapids, MI 49506
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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from $1,5002 Bedroom Apartments Available Jul 25
76 Union Ave SE
76 Union Ave SEGrand Rapids, MI 49503
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from $1,5002 Bedroom Apartments Available Sep 18
220 Eastern Ave SE
220 Eastern Ave SEGrand Rapids, MI 49506
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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 | $1,616 | $1,550 | $1,700 |
| Franklin 3 Bedroom Homes for Rent | $1,816 | $1,350 | $2,800 |
| Franklin 4 Bedroom Homes for Rent | $2,411 | $1,850 | $2,700 |
| Franklin 5 Bedroom Homes for Rent | $2,910 | $2,449 | $3,500 |
| Franklin 6 Bedroom Homes for Rent | $2,633 | $2,300 | $2,900 |
Browse Homes for Rent in this Neighborhood
There are currently 11 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
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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 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 $1,100. Here are the most affordable Franklin apartments for rent in Grand Rapids, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lafayette Apartment Homes | Studio | Studio,1BA | $1,075 |
| 549 Logan St SE | One Bed | 1BR,1BA | $1,100 |
| Heritage Place | Studio | Studio,1BA | $1,202 |
| The Globe Apartments | 2x1a | 2BR,1BA | $1,250 |
| Waters House Apartments | Atlanta | Studio,1BA | $1,271 |
Best Value Apartments for Rent in Franklin, MI
As of June 20, 2025 the best value apartment in the Franklin area is the $1.31 price per square foot 726 Lake Dr SE Model at 726 Lake Dr SE, Unit B in the in the Belknap Lookout neighborhood starting from $1,700. The second greatest value Franklin apartment is the 07 Style - 2 Bedroom Model at The Gallery starting at $2,025 with a $2.01 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 B | 726 Lake Dr SE | 2BR,1BA | $1.31 |
| The Gallery | 07 Style - 2 Bedroom | 2BR,2BA | $2.01 |
| 1505 Giddings Ave SE, Unit 1-South | 1505 Giddings Ave SE | 2BR,1.5BA | $1.50 |
| 607 Fulton St E | Four Bed | 4BR,1BA | $2.00 |
| The Baldwin | 2 Bd Bi-Level Corner | 2BR,1.5BA | $1.95 |
| Grand Central Lofts | Two Bedroom | 2BR,1BA | $1.76 |
| The Globe Apartments | 2x1a | 2BR,1BA | $1.74 |
| 28 Jefferson Ave SE, Unit B | 28 Jefferson Ave SE | 1BR,1BA | $1.54 |
| 549 Logan St SE | One Bed | 1BR,1BA | $1.83 |
| Lafayette Apartment Homes | Studio | Studio ,1BA | $2.16 |
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Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 160 Apartments for Rent in Franklin, MI with pricing that ranges from $925 to $3,800. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $950 to $3,500.
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 $950 to $3,500 with an average monthly rent of $1,941.
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 $1,350 to $3,768, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $2,000.
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.
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.