1014 Lafayette Ave SE
Grand RapidsMI49507
Cheap Homes for Rent in Madison Area Grand Rapids, MI from $1,100 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Madison Area area of Grand Rapids.
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.
744 Oakland Ave SW
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.
738 Oakland Ave SW
Grand RapidsMI49503
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Madison Area, Grand Rapids, MI Local Guide
How much does it cost to rent a home in Madison Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Area 2 Bedroom Homes for Rent | $1,358 | $1,250 | $1,475 |
| Madison Area 3 Bedroom Homes for Rent | $2,280 | $1,700 | $2,850 |
| Madison Area 4 Bedroom Homes for Rent | $2,092 | $1,700 | $2,400 |
| Madison Area 5 Bedroom Homes for Rent | $2,900 | $2,900 | $2,900 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Madison Area Neighborhood of Grand Rapids, MI.
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Madison Area, Grand Rapids, MI Local Guide
- Nearby Grand Rapids neighborhoods
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Best Value Apartments for Rent in Madison Area, MI
As of June 12, 2026 the best value apartment in the Madison Area area is the $1.58 price per square foot 320 Prospect Ave SE Model at 320 Prospect Ave SE, Unit 320 Prospect Ave in the in the Center City neighborhood starting from $1,500. The second greatest value Madison Area apartment is the One Bed Model at 549 Logan St SE starting at $1,200 with a $2.00 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. |
|---|---|---|---|
| 320 Prospect Ave SE, Unit 320 Prospect Ave | 320 Prospect Ave SE | 2BR,1BA | $1.58 |
| 549 Logan St SE | One Bed | 1BR,1BA | $2.00 |
| 533 Prospect Ave SE, Unit 4 | 533 Prospect Ave SE | 1BR,1BA | $2.09 |
| Wealthy & Sheldon | Wealthy Studio | Studio ,1BA | $3.02 |
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 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
Grand Rapids Public Schools
Public School - Grades PK-5 (671)
5 out of 10
School data provided by Great Schools
Frequently Asked Questions about Madison Area
What type of rentals are currently available in Madison Area?
There are currently 62 Apartments for Rent in Madison Area, MI with pricing that ranges from $750 to $2,650. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison Area ranging from $1,150 to $2,900.
What is the current price range for Rental Homes in Madison Area?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison Area ranges from $1,150 to $2,900 with an average monthly rent of $1,956.
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.