Cheap Apartments for Rent in the Madison Square Neighborhood of Grand Rapids, MI from $700 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Madison Square 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.

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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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600 Lafayette Ave SE
Studio to 1 Bedroom Apartments

600 Lafayette Ave SE

600 Lafayette Ave SEGrand Rapids, MI 49503
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550 Paris
Studio to 2 Bedroom Apartments

550 Paris

550 Paris Ave SEGrand Rapids, MI 49503
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Sheldon Apartments
1 to 2 Bedroom Apartments

Sheldon Apartments

1010 Sheldon Ave SEGrand Rapids, MI 49507
Senior Living
  • Utilities Included
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Southgate Senior Living
1 to 2 Bedroom Apartments

Southgate Senior Living

438 Division Ave SGrand Rapids, MI 49503
Senior Living
  • Utilities Included

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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Showing Results 1-29, Page 1 of 1

Madison Square, Grand Rapids, MI Local Guide

Cheapest Available Madison Square Apartments for Rent

 

The cheapest available apartment rental in the Madison Square area of Grand Rapids, MI is a 2 Beds unit found at 25 La Belle St SW priced from $1,175. 549 Logan St SE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here are the most affordable Madison Square apartments for rent in Grand Rapids, MI:

Apartment ListingModel NameBed/BathPriced From
25 La Belle St SW2 Bedroom2BR,1BA$1,175
549 Logan St SEOne Bed1BR,1BA$1,200
Southtown Lofts1 Bedroom 1 Bath - 493311BR,1BA$1,275
834 Sherman St SE2 Bedroom/1 Bath2BR,1BA$1,450
Box Board LoftsC12BR,2BA$1,980

Best Value Apartments for Rent in Madison Square, MI

As of April 28, 2026 the best value apartment in the Madison Square area is the $2.17 price per square foot C1 Model at Box Board Lofts in the in the Center City neighborhood starting from $1,980. The second greatest value Madison Square apartment is the 1 Bedroom 1 Bath - 49315 Model at Southtown Lofts starting at $1,275 with a $1.99 price per square foot in the Belknap Lookout neighborhood. Here is today’s list of the best values for Madison Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Box Board LoftsC12BR,2BA$2.17
Southtown Lofts1 Bedroom 1 Bath - 493151BR,1BA$1.99
549 Logan St SEOne Bed1BR,1BA$2.00

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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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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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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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Best Local Schools in
Madison Square, Grand Rapids, MI

School data provided by Great Schools

Frequently Asked Questions about Cheap Madison Square Apartments

How much is rent for a Cheap One Bedroom Madison Square Apartment?

The lowest price for a Cheap One Bedroom Madison Square Apartment is $1,200 at 549 Logan St SE.

What is the lowest price for a Cheap Two Bedroom Madison Square Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madison Square is starting from $1,175 at 25 La Belle St SW.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.