Cheap Homes for Rent in Madison Square Neighborhood of Grand Rapids, MI from $900 (12 Rentals)

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

property at 126 Putnam St SW

$750 - $1,350

1 To 2 Bedroom Rentals

Available Now

126 Putnam St SW

Grand RapidsMI49507

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Cheapest Available Madison Square Apartments for Rent

 

The cheapest available apartment rental in the Madison Square area of Grand Rapids, MI is a Studio unit found at Lafayette 600-300 Pleasant SE priced from $750. 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
Lafayette 600-300 Pleasant SE0BR/1.0BAStudio,1BA$750
549 Logan St SEOne Bed1BR,1BA$1,200
Box Board Lofts1 Bed Alt B11BR,1BA$1,570

Best Value Apartments for Rent in Madison Square, MI

As of January 22, 2026 the best value apartment in the Madison Square area is the $2.39 price per square foot 1 Bed Alt B1 Model at Box Board Lofts in the in the Center City neighborhood starting from $1,570. The second greatest value Madison Square 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 Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Box Board Lofts1 Bed Alt B11BR,1BA$2.39
549 Logan St SEOne Bed1BR,1BA$2.00

Frequently Asked Questions about Madison Square

What type of rentals are currently available in Madison Square?

There are currently 59 Apartments for Rent in Madison Square, MI with pricing that ranges from $1,050 to $2,500. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Madison Square ranging from $750 to $3,300.

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 $750 to $3,300 with an average monthly rent of $2,088.

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.