Cheap Homes for Rent in Franklin Neighborhood of Grand Rapids, MI from $600 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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 1 Bed unit found at Highland Place Apartments priced from $1,155. 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
Highland Place ApartmentsONE BEDROOM1BR,1BA$1,155
549 Logan St SEOne Bed1BR,1BA$1,200
Waters House ApartmentsStudioStudio,1BA$1,203

Best Value Apartments for Rent in Franklin, MI

As of October 14, 2025 the best value apartment in the Franklin area is the $1.03 price per square foot 317 Union Ave SE Model at 317 Union Ave SE, Unit 2 in the in the Center City neighborhood starting from $1,600. The second greatest value Franklin apartment is the 256 Union Ave SE Model at 256 Union Ave SE, Unit 1 Historic District starting at $2,495 with a $2.08 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.
317 Union Ave SE, Unit 2317 Union Ave SE2BR,1.5BA$1.03
256 Union Ave SE, Unit 1 Historic District256 Union Ave SE2BR,1BA$2.08
Madison Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.72
The Gallery07 Style - 2 Bedroom2BR,2BA$2.01
25 Lafayette Apartment Homes2 Bedrooms, 1 Bathroom2BR,1BA$1.72
The Baldwin2 Bd Bi-Level Interior2BR,1.5BA$2.10
607 Fulton St ETwo Bed2BR,1BA$1.82
Grand Central LoftsTwo Bedroom2BR,1BA$1.76
The Globe Apartments1x1d1BR,1BA$1.81
549 Logan St SEOne Bed1BR,1BA$2.00

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Franklin, Grand Rapids, MI

Ranked #36

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Franklin

What type of rentals are currently available in Franklin?

There are currently 161 Apartments for Rent in Franklin, MI with pricing that ranges from $895 to $3,265. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $600 to $3,100.

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 $600 to $3,100 with an average monthly rent of $1,931.

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 $1,400 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,695 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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.