Cheap Apartments for Rent in the Monroe North Neighborhood of Grand Rapids, MI from $500 (16 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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432 Fountain Apartments
1 to 2 Bedroom Apartments

432 Fountain Apartments

432 Fountain St NEGrand Rapids, MI 49503
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Lafayette Apartments
Studio to 2 Bedroom Apartments

Lafayette Apartments

143-145 Lafayette Ave NEGrand Rapids, MI 49503

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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Grand View Place
1 to 2 Bedroom Apartments

Grand View Place

936 Front AveGrand Rapids, MI 49504
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Lofts on Prospect
Studio to 2 Bedroom Apartments

Lofts on Prospect

253 Prospect Ave NEGrand Rapids, MI 49503
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Stockbridge Apartments
Studio to 3 Bedroom Apartments

Stockbridge Apartments

636 1st St NWGrand Rapids, MI 49504
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Half Century Apartments
Studio to 2 Bedroom Apartments

Half Century Apartments

14-16 Jefferson Ave SEGrand Rapids, MI 49503
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Fountain Hill Flats
1 Bedroom Apartments

Fountain Hill Flats

301 Fountain St NEGrand Rapids, MI 49503
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500 Cedar St NE
1 Bedroom Apartments

500 Cedar St NE

500-536 Cedar St NEGrand Rapids, MI 49503
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Monroe North, Grand Rapids, MI Local Guide

Cheapest Available Monroe North Apartments for Rent

 

The cheapest available apartment rental in the Monroe North area of Grand Rapids, MI is a 2 Beds unit found at Lexington School Apartments priced from $525. Leo & Alpine has the second lowest priced unit, which is a 1 Bed apartment currently listed from $660. Here are the most affordable Monroe North apartments for rent in Grand Rapids, MI:

Apartment ListingModel NameBed/BathPriced From
Lexington School Apartments2x12BR,1BA$525
Leo & Alpine1Bedroom1BR,1BA$660
The Lofts @ 5 Lyon - Price Per BedroomStudioStudio,1BA$1,050
Southview Apartments1 Bedroom, 1 Bathroom1BR,1BA$1,200
The CurrentStudioStudio,1BA$1,275

Best Value Apartments for Rent in Monroe North, MI

As of June 19, 2025 the best value apartment in the Monroe North area is the $1.67 price per square foot 3 Bed 2 Bath Model at Trowbridge Flats in the in the Center City neighborhood starting from $2,180. The second greatest value Monroe North apartment is the IONIA Model at The Plaza Apartments starting at $2,025 with a $1.96 price per square foot in the Center City neighborhood. Here is today’s list of the best values for Monroe North apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Trowbridge Flats3 Bed 2 Bath3BR,2BA$1.67
The Plaza ApartmentsIONIA2BR,2BA$1.96
Seven45 StockingOne Bedroom1BR,1BA$1.47
The Gallery07 Style - 2 Bedroom2BR,2BA$2.01
607 Fulton St EFour Bed4BR,1BA$2.00
The Anthony2 Bedroom - Unit 1032BR,2BA$1.91
Lexington School Apartments2x12BR,1BA$0.64
Leo & Alpine2 Bedroom2BR,1BA$2.00
1402 North Ave NE, Unit 21402 North Ave NE1BR,1BA$1.29
Off Broadway Apartments - Price Per Bedroom4 Bed 2 Bath - Price Per Bed4BR,2BA$0.93

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Pet Friendly Lifestyle
Monroe North, Grand Rapids, MI

Ranked #15

Among neighborhoods in Grand Rapids, MI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Grand Rapids, Michigan. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Monroe North Apartments

What is a cheap apartment in Monroe North?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Monroe North is under $1,315.

What is the price of a cheap apartment in Monroe North?

The cheapest apartment in Monroe North is Leo & Alpine which is listed at $660, while the average apartment in Monroe North costs $1,820.

What types of apartments are the cheapest in Monroe North?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 23 regular apartments in Monroe North that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Monroe North?

Cheap apartments in Monroe North have an average cost of $433 which is $1,387 cheaper than the average rent for all rentals in Monroe North.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.