Cheap Apartments for Rent in the Roosevelt Park Neighborhood of Grand Rapids, MI from $300 (121 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Roosevelt Park 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

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property at 329 Lyon St NE

$1,274 - $1,424

1 To 2 Bedroom Rentals

Available May 15

329 Lyon St NE

Grand RapidsMI49503

Roosevelt Park - One of the Best Affordable Neighborhoods in Grand Rapids

Named as one of the Best Affordable Neighborhoods to rent in Grand Rapids by our Local Expert Mike Heuer. See how it ranks!

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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 1-50, Page 1 of 3

Roosevelt Park, Grand Rapids, MI Local Guide

Cheapest Available Roosevelt Park Apartments for Rent

 

The cheapest available apartment rental in the Roosevelt Park area of Grand Rapids, MI is a 1 Bed unit found at Diamond Place I priced from $1,048. 234 Market Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,130. Here are the most affordable Roosevelt Park apartments for rent in Grand Rapids, MI:

Apartment ListingModel NameBed/BathPriced From
Diamond Place I1 Bedroom, 1 Bath1BR,1BA$1,048
234 Market ApartmentsStudio Apartment Style G/JStudio,1BA$1,130
Grand Central LoftsOne Bedroom1BR,1BA$1,150
25 La Belle St SW2 Bedroom2BR,1BA$1,175
549 Logan St SEOne Bed1BR,1BA$1,200
The HendrikStudioStudio,1BA$1,200
The Globe Apartments2x1a2BR,1BA$1,250
Southtown Lofts1 Bedroom 1 Bath - 493301BR,1BA$1,275

Best Value Apartments for Rent in Roosevelt Park, MI

As of May 03, 2026 the best value apartment in the Roosevelt Park area is the $0.45 price per square foot Reeds Model at Hopson Flats in the in the Center City neighborhood starting from $611. The second greatest value Roosevelt Park apartment is the 44 Portsmouth Pl NE Model at 44 Portsmouth Pl NE, Unit 2 Bedroom 1 Bath starting at $1,450 with a $1.21 price per square foot in the Center City neighborhood. Here is today’s list of the best values for Roosevelt Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hopson FlatsReeds4BR,2BA$0.45
44 Portsmouth Pl NE, Unit 2 Bedroom 1 Bath44 Portsmouth Pl NE2BR,1BA$1.21
618 Veto St NW618 Veto St NW4BR,1BA$1.78
930 Baraga St NE, Unit 930 Baraga N.E. #1930 Baraga St NE2BR,1BA$1.20
City View Flats2 Bedroom2BR,1BA$1.73
THE 616Two Bedroom2BR,1BA$1.89
Diamond Place I2 Bedroom, 1 Bath2BR,1BA$1.83
Southtown Lofts1 Bedroom 1 Bath - 493151BR,1BA$1.99
The Lofts @ 5 Lyon - Price Per Bedroom2 Bedroom, 1 Bathroom - Price Per Bed2BR,1BA$1.73
28 Jefferson Ave SE, Unit B28 Jefferson Ave SE1BR,1BA$1.54

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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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Quick Rent Budget Calculator

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
Roosevelt Park, Grand Rapids, MI

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Michigan, including Grand Rapids. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Roosevelt Park Apartments

What is a cheap apartment in Roosevelt Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Roosevelt Park is under $1,275.

What is the price of a cheap apartment in Roosevelt Park?

The cheapest apartment in Roosevelt Park is Diamond Place I which is listed at $1,048, while the average apartment in Roosevelt Park costs $1,962.

What types of apartments are the cheapest in Roosevelt Park?

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 13 regular apartments in Roosevelt Park 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 Roosevelt Park?

Cheap apartments in Roosevelt Park have an average cost of $437 which is $1,525 cheaper than the average rent for all rentals in Roosevelt Park.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.