Cheap Apartments for Rent in the Madison Square Neighborhood of Grand Rapids, MI from $800 (15 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Madison Square area of Grand Rapids.

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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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

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.

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.

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 1 Bed unit found at 549 Logan St SE priced from $1,200. Box Board Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,349. Here are the most affordable Madison Square apartments for rent in Grand Rapids, MI:

Apartment ListingModel NameBed/BathPriced From
549 Logan St SEOne Bed1BR,1BA$1,200
Box Board Lofts1 Bed Alt B31BR,1BA$1,349
Madison Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1,895

Best Value Apartments for Rent in Madison Square, MI

As of October 15, 2025 the best value apartment in the Madison Square area is the $1.72 price per square foot 1 Bedroom, 1 Bathroom Model at Madison Apartment Homes in the in the Belknap Lookout neighborhood starting from $1,895. The second greatest value Madison Square apartment is the 680 Wealthy St SE Model at 680 Wealthy St SE, Unit 2B starting at $1,800 with a $2.58 price per square foot in the Center City 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.
Madison Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.72
680 Wealthy St SE, Unit 2B680 Wealthy St SE1BR,1BA$2.58
549 Logan St SEOne Bed1BR,1BA$2.00
Box Board Lofts1 Bed 111BR,1BA$3.18

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Pet Friendly Lifestyle
Madison Square, Grand Rapids, MI

Ranked #47

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.