
Cheap Apartments for Rent in the Madison Area Grand Rapids, MI from $645 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison Area area of Grand Rapids.


744 Oakland Ave SW

25 La Belle St SW

Total Monthly Price
533 Prospect Ave SE, Unit lower

736 Oakland Ave SW

738 Oakland Ave SW
The Renter's Guide to Grand Rapids' Best Neighborhoods Near Major Employers
Working in Grand Rapids? Find the perfect neighborhood near your job. Our local guide covers the best places to rent near Steelcase, Corewell Health, GE Aerospace, and Honeywell.

Klingman Lofts

600 Lafayette Ave SE

Baker Lofts

Metropolitan Park Apartments

448 Thomas St SE

Grand City Heights
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

550 Paris

Sheldon Apartments

Wealthy & Sheldon

Southgate Senior Living

Southtown Lofts

1108 Jefferson Ave SE
Learn what Locals Love About Renting in Grand Rapids, Michigan
Discover why Grand Rapids, Michigan, is a premier place to live and work. Explore the Grand Rapids Local Expert's guide to top-rated schools, world-class healthcare, vibrant food scene, and endless recreational activities.

400 Grant St SW
Madison Area, Grand Rapids, MI Local Guide

How much does it cost to rent an apartment in Madison Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Area 1 Bedroom Apartments | $1,330 | $1,200 | $1,495 |
| Madison Area 2 Bedroom Apartments | $1,397 | $1,100 | $1,850 |
| Madison Area 3 Bedroom Apartments | $1,395 | $1,395 | $1,395 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Madison Area Neighborhood of Grand Rapids, MI.
See all Apartments in Grand RapidsExplore Grand Rapids
Madison Area, Grand Rapids, MI Local Guide
- Nearby Grand Rapids neighborhoods
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Cheapest Available Madison Area Apartments for Rent
 The cheapest available apartment rental in the Madison Area area of Grand Rapids, MI is a 2 Beds unit found at 25 La Belle St SW priced from $1,175. Wealthy & Sheldon has the second lowest priced unit, which is a Studio apartment currently listed from $1,249. Here are the most affordable Madison Area apartments for rent in Grand Rapids, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 25 La Belle St SW | 2 Bedroom | 2BR,1BA | $1,175 |
| Wealthy & Sheldon | Wealthy Studio | Studio,1BA | $1,249 |
| 357 Madison Ave. SE #F2 | One Bedroom/One Bathroom | 1BR,1BA | $1,425 |
| 549 Logan St SE | Two Bed | 2BR,2BA | $1,650 |
Best Value Apartments for Rent in Madison Area, MI
As of August 31, 2026 the best value apartment in the Madison Area area is the $1.88 price per square foot Two Bedroom/Two Bath Model at 357 Madison Ave. SE #F2 in the in the Center City neighborhood starting from $1,595. The second greatest value Madison Area apartment is the 533 Prospect Ave SE Model at 533 Prospect Ave SE, Unit lower starting at $1,200 with a $1.85 price per square foot in the Center City neighborhood. Here is today’s list of the best values for Madison Area apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 357 Madison Ave. SE #F2 | Two Bedroom/Two Bath | 2BR,2BA | $1.88 |
| 533 Prospect Ave SE, Unit lower | 533 Prospect Ave SE | 1BR,1BA | $1.85 |
| 549 Logan St SE | Two Bed | 2BR,2BA | $2.54 |
| Wealthy & Sheldon | Wealthy Studio | Studio ,1BA | $2.90 |
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.
Read ArticleDon'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.
Pet Friendly LifestyleMadison Area, Grand Rapids, MI
Ranked #48
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Madison Area, Grand Rapids, MI
Southwest Community Campus School
School data provided by Great Schools
Frequently Asked Questions about Cheap Madison Area Apartments
What types of apartments are the cheapest in Madison Area?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Madison Area that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Helpful Local Expert Guides

The Renter's Guide to Grand Rapids Best Neighborhoods Near Major Employers
Written by: Mike Heuer
My name is Mike, and I am your ApartmentHomeLiving.com guide for the greater Grand Rapids area.

Learn what Locals Love About Renting in Grand Rapids, Michigan
Written by: Mike Heuer
The city of Grand Rapids has a growing population of about 203,000, while the greater metropolitan area, including the city, has about 1.2 million residents.

Top Neighborhoods to Rent Near Major Colleges and Universities in Grand Rapids, Michigan
Written by: Mike Heuer
Aquinas College is a private Catholic school of higher education that focuses on liberal arts and was founded in 1886 by the Dominican Sisters of Grand Rapids.

The Local Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.