Cheap Homes for Rent in Madison Square Neighborhood of Grand Rapids, MI from $1,400 (9 Rentals)

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

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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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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.

property at 416 Henry Ave SE

416 Henry Ave SE

Grand RapidsMI49503

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 $1,455. 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 B41BR,1BA$1,455
Madison Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1,550

Best Value Apartments for Rent in Madison Square, MI

As of September 04, 2025 the best value apartment in the Madison Square area is the $1.59 price per square foot 505 La Grave Ave SE Model at 505 La Grave Ave SE, Unit 2 in the in the Center City neighborhood starting from $1,950. The second greatest value Madison Square apartment is the 1 Bedroom, 1 Bathroom Model at Madison Apartment Homes starting at $1,550 with a $1.41 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.
505 La Grave Ave SE, Unit 2505 La Grave Ave SE4BR,1BA$1.59
Madison Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1.41
549 Logan St SEOne Bed1BR,1BA$2.00
Box Board Lofts1 Bed 111BR,1BA$3.27

Quick Rent Budget Calculator

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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 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 Madison Square

What type of rentals are currently available in Madison Square?

There are currently 49 Apartments for Rent in Madison Square, MI with pricing that ranges from $995 to $2,110. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison Square ranging from $1,425 to $3,100.

What is the current price range for Rental Homes in Madison Square?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Madison Square ranges from $1,425 to $3,100 with an average monthly rent of $2,114.

How much are larger Three and Four Bedroom Rentals in Madison Square?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Madison Square range from $1,395 to $1,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $3,100. Four Bedroom Single-Family rentals are also available starting from $1,925 and Four Bedroom Apartments start at $1,900.

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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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.