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$9451 Bedroom Apartments Available Jun 1
1245 Euclid Ave SE, Unit 1
1245 Euclid Ave SEGrand Rapids, MI 49507
Cheap Homes for Rent in Franklin Neighborhood of Grand Rapids, MI from $1,100 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Franklin area of Grand Rapids.
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$9952 Bedroom Apartments Available Now
1222 Eastern Ave SE, Unit 2
1222 Eastern Ave SEGrand Rapids, MI 49507
249 Eastern Ave SE
Grand RapidsMI49503
1014 Lafayette Ave SE
Grand RapidsMI49507
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.
221 Hollister Ave SE
Grand RapidsMI49506
1110 Dallas Ave SE
Grand RapidsMI49507
434 Worden St SE
Grand RapidsMI49507
1126 Fulton St E
Grand RapidsMI49506
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.
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$1,5752 Bedroom Apartments Available Now
357 Madison Ave SE, Unit A2
357 Madison Ave SEGrand Rapids, MI 49503
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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 | $1,656 | $1,495 | $1,950 |
| Franklin 3 Bedroom Homes for Rent | $2,080 | $1,425 | $2,850 |
| Franklin 4 Bedroom Homes for Rent | $2,228 | $1,700 | $2,700 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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
- Nearby Cities
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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 1 Bed unit found at 28 Jefferson Ave priced from $950. Grand Central Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here are the most affordable Franklin apartments for rent in Grand Rapids, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 28 Jefferson Ave | A | 1BR,1BA | $950 |
| Grand Central Lofts | One Bedroom | 1BR,1BA | $1,150 |
| 25 La Belle St SW | 2 Bedroom | 2BR,1BA | $1,175 |
Best Value Apartments for Rent in Franklin, MI
As of May 29, 2026 the best value apartment in the Franklin area is the $1.34 price per square foot 2bed/2bath Model at Historic Kingsley Building in the in the Belknap Lookout neighborhood starting from $1,875. The second greatest value Franklin apartment is the 240 Union Ave SE Model at 240 Union Ave SE, Unit 2nd Floor starting at $2,275 with a $1.90 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. |
|---|---|---|---|
| Historic Kingsley Building | 2bed/2bath | 2BR,2BA | $1.34 |
| 240 Union Ave SE, Unit 2nd Floor | 240 Union Ave SE | 3BR,1BA | $1.90 |
| Eastown Flats | Hillcrest | 2BR,1BA | $2.15 |
| The Lofts Apartments | 2 Bedroom-1 Bath | 2BR,1BA | $1.77 |
| The Globe Apartments | 1x1e | 1BR,1BA | $2.07 |
| 1 Oakes St SW | 1/1 | 1BR,1BA | $2.38 |
| 549 Logan St SE | One Bed | 1BR,1BA | $2.00 |
| Highland Place Apartments | ONE BEDROOM | 1BR,1BA | $2.34 |
| Heritage Place Apartments | Studio | Studio ,1BA | $2.94 |
| Grand Central Lofts | One Bedroom | 1BR,1BA | $3.01 |
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.
Read ArticleQuick 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.
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Pet Friendly LifestyleFranklin, Grand Rapids, MI
Ranked #28
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 166 Apartments for Rent in Franklin, MI with pricing that ranges from $440 to $3,275. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $1,150 to $2,850.
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 $1,150 to $2,850 with an average monthly rent of $1,784.
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 $555 to $2,275, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,425 to $2,850. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $2,200.
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.
Articles, How-To's, and Tips
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.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.