Cheap Homes for Rent in Franklin Neighborhood of Grand Rapids, MI from $1,000 (8 Rentals)

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Cheap Homes in the Franklin area of Grand Rapids.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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. 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 ListingModel NameBed/BathPriced From
Lafayette Apartment HomesStudioStudio,1BA$1,075
Grand Central LoftsOne Bedroom1BR,1BA$1,150
Prospect Apartment HomesStudio, 1 BathroomStudio,1BA$1,155

Best Value Apartments for Rent in Franklin, MI

As of May 02, 2025 the best value apartment in the Franklin area is the $2.26 price per square foot Two Bedroom Model at 20 Fulton Street East Apartments in the in the Center City neighborhood starting from $2,385. The second greatest value Franklin apartment is the Four Bed Model at 607 Fulton St E starting at $2,000 with a $2.00 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.
20 Fulton Street East ApartmentsTwo Bedroom2BR,2BA$2.26
607 Fulton St EFour Bed4BR,1BA$2.00
The Brix at Midtown2 Bedroom 2 Bath - 971 sq. ft.2BR,2BA$2.21
Madison Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.88
Waters House ApartmentsCharleston2BR,1BA$2.02
The Globe Apartments2x1a2BR,1BA$1.74
28 Jefferson Ave SE, Unit B28 Jefferson Ave SE1BR,1BA$1.54
113 Packard Ave SE, Unit Apt 2113 Packard Ave SE1BR,1BA$2.00
38 Commerce1Bed/1Bath Style B1BR,1BA$2.34
Lafayette Apartment HomesStudioStudio ,1BA$2.16

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Frequently Asked Questions about Franklin

What type of rentals are currently available in Franklin?

There are currently 165 Apartments for Rent in Franklin, MI with pricing that ranges from $875 to $4,580. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $1,050 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 $1,050 to $3,500 with an average monthly rent of $2,300.

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 $4,580, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,995 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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.