Cheap Homes for Rent in Grand Rapids, MI from $500 (35 Rentals)

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

property at 145 Eastern Ave NE

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550
Total Monthly Price
$550

4 Bedroom, 1.5 Bath Home for Rent

Available May 1

145 Eastern Ave NE

Grand RapidsMI49503
property at 36 Parkview Dr NE

$950

Studio, 1 Bath Home for Rent

Available Mar 15

36 Parkview Dr NE

Grand RapidsMI49503

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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property at 411 6th St NW

$1,275 - $2,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $2,295
Total Monthly Price
$1,275 - $2,295

2 To 4 Bedroom Homes for Rent

Available Now

411 6th St NW

Grand RapidsMI49504

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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property at 662 Lamberton St NE

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Townhome for Rent

Available Now

662 Lamberton St NE, Unit 2

662 Lamberton St NE
Grand RapidsMI49505

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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Showing Results 1-35, Page 1 of 1

Grand Rapids, MI Local Guide

Cheapest Neighborhoods for Apartments in Grand Rapids, MI

Pricing Updated: 03/14/2026

Current apartment rentals in the Grand Rapids, MI area range in price from $640 to $5,000 with an overall median price of $2,119. The three Grand Rapids neighborhoods with the lowest median rent pricing are Alger Heights at $895, South East Community at $657, and Burton Heights at $895. 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
Alger Heights$1,512$89563
South East Community$1,687$65739
Burton Heights$1,750$89533
Garfield Park$1,750$89530
South East End$1,750$89563
Madison Area$1,825$89511
Eastgate$1,850$89553
Fuller Avenue$1,850$657125
Oakdale$1,850$65791
Roosevelt Park$1,890$657164

Cheapest Available Grand Rapids Apartments for Rent

 

The cheapest available apartment rental in Grand Rapids, MI is a 1 Bed unit found at Prairie Creek Apartments in the Byron Gaines Caledonia Cascade neighborhood priced from $949. The Globe Apartments in the Center City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here is today’s list of the most affordable Grand Rapids apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Prairie Creek Apartments1 Bed, 1 Bath - 544 sq ft1BR,1BA$949
The Globe Apartments1x1e1BR,1BA$975
Academy ManorStudioStudio,1BA$982
Wingate ApartmentsStudioStudio,1BA$990
Autumn Ridge Apartment Homes1 Bed 1 Bath1BR,1BA$1,015
Westminster Meadows - Senior1 Bedroom1BR,1BA$1,015
Eastland ApartmentsThe FullerStudio,1BA$1,030
Peppercorn Apartments1 Bed, 1 Bath - 585 sq ft1BR,1BA$1,040
Crossroads Apartments1 Bed, 1 Bath - 600 sq ft1BR,1BA$1,045

Best Value Apartments for Rent in Grand Rapids, MI

As of March 14, 2026 the best value apartment in the Grand Rapids area is the $0.86 price per square foot 700 Broadway Ave NW Model at 700 Broadway Ave NW, Unit 1A in the in the Center City neighborhood starting from $2,395. The second greatest value Grand Rapids apartment is the 1404 North Ave NE Model at 1404 North Ave NE, Unit 1404 North starting at $1,300 with a $0.65 price per square foot in the Belknap Lookout 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.
700 Broadway Ave NW, Unit 1A700 Broadway Ave NW3BR,2BA$0.86
1404 North Ave NE, Unit 1404 North1404 North Ave NE2BR,1.5BA$0.65
Burton East ApartmentsTownhome3BR,2.5BA$1.00
Historic Kingsley Building2bed/2bath2BR,2BA$1.34
Rolling PinesSugar Pine2BR,1.5BA$1.22
44 Portsmouth Pl NE, Unit 2 Bedroom 1 Bath44 Portsmouth Pl NE2BR,1BA$1.21
Danbury Place ApartmentsModel2BR,1BA$1.31
Hopson Flats2 Bedroom, 1 Bath (Rate Per Bed)2BR,1BA$0.99
Windridge Apartments2 Bedroom Apartment2BR,1BA$1.33
Off Broadway Apartments - Price Per Bedroom4 Bed 2 Bath - Price Per Bed4BR,2BA$1.28

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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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 757 Apartments for Rent in Grand Rapids, MI with pricing that ranges from $640 to $5,000. There are also 206 Single Family Homes for rent, Condos, and Townhome rentals currently available in Grand Rapids ranging from $550 to $4,250.

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 $550 to $4,250 with an average monthly rent of $1,799.

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 $757 to $3,859, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $3,800. Four Bedroom Single-Family rentals are also available starting from $550 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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.