Cheap Homes for Rent in Grand Rapids, MI from $700 (57 Rentals)

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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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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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Grand Rapids, MI Local Guide

Cheapest Neighborhoods for Apartments in Grand Rapids, MI

Pricing Updated: 01/20/2026

Current apartment rentals in the Grand Rapids, MI area range in price from $496 to $5,000 with an overall median price of $2,752. The three Grand Rapids neighborhoods with the lowest median rent pricing are West Grand at $496, Alger Heights at $920, and Madison Area at $1,050. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Grand Rapids Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
West Grand$1,775$496105
Alger Heights$1,787$92073
Madison Area$1,800$1,05012
Madison Square$1,800$1,05015
South East Community$1,800$65046
West Leonard$1,850$496226
Westside Connection$1,850$496115
Creston$1,892$640122
Heartside$1,897$650175
Millbrook$1,897$92088

Cheapest Available Grand Rapids Apartments for Rent

 

The cheapest available apartment rental in Grand Rapids, MI is a 1 Bed unit found at Leonard Apartments in the Belknap Lookout neighborhood priced from $496. Lafayette 600-300 Pleasant SE in the Belknap Lookout neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Grand Rapids apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Leonard Apartments1 Bed1BR,1BA$496
Lafayette 600-300 Pleasant SE0BR/1.0BAStudio,1BA$750
Burtons Landing Apartments0 Bed, 1 Bath - 442 sq ftStudio,1BA$859
York Creek Apartments1 Bed, 1 Bath - 660 sq ft1BR,1BA$879
Oakview Apartments1 Bed, 1 Bath - 760 sq ft1BR,1BA$905
Woodfield Apartments1 Bed, 1 Bath - 670 sq ft1BR,1BA$909
Arrowhead ApartmentsStudioStudio,1BA$920
Pineridge ApartmentsStudioStudio,1BA$925
The MortonStudioStudio,1BA$946
Dunbar Woods Apartments2 Bed, 1 Bath - 750 sq ft2BR,1BA$949

Best Value Apartments for Rent in Grand Rapids, MI

As of January 20, 2026 the best value apartment in the Grand Rapids area is the $1.00 price per square foot Townhome Model at Burton East Apartments in the in the Ridgemoor neighborhood starting from $1,795. The second greatest value Grand Rapids apartment is the 3 Bedroom 1.5 Bath Apartment Model at Regency Park Apartments starting at $1,345 with a $0.97 price per square foot in the Ridgemoor neighborhood. Here is today’s list of the best values for Grand Rapids apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Burton East ApartmentsTownhome3BR,2.5BA$1.00
Regency Park Apartments3 Bedroom 1.5 Bath Apartment3BR,1.5BA$0.97
Rolling PinesSugar Pine2BR,1.5BA$1.16
217 Ghilda Pl NE, Unit 217 Ghilda217 Ghilda Pl NE2BR,1BA$1.13
Hopson Flats2 Bedroom, 1 Bath (Rate Per Bed)2BR,1BA$0.94
239 Ann St NE, Unit 2239 Ann St NE2BR,1BA$1.22
Oakview Apartments1 Bed, 1 Bath - 760 sq ft1BR,1BA$1.19
Dunbar Woods Apartments2 Bed, 1 Bath - 750 sq ft2BR,1BA$1.27
Leonard Apartments1 Bed1BR,1BA$0.66
Off Broadway Apartments - Price Per Bedroom3 Bed 2 Bath - Price Per Bed3BR,2BA$1.20

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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Grand Rapids, MI Rentals by Map

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See the most popular apartments and homes in Grand Rapids, MI

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Frequently Asked Questions about Grand Rapids

What type of rentals are currently available in Grand Rapids?

There are currently 788 Apartments for Rent in Grand Rapids, MI with pricing that ranges from $496 to $5,000. There are also 303 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grand Rapids ranging from $750 to $8,000.

What is the current price range for Rental Homes in Grand Rapids?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Grand Rapids ranges from $750 to $8,000 with an average monthly rent of $2,474.

How much are larger Three and Four Bedroom Rentals in Grand Rapids?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Grand Rapids range from $740 to $3,748, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $3,800. Four Bedroom Single-Family rentals are also available starting from $800 and Four Bedroom Apartments start at $640.

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

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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.