
Cheap Apartments for Rent in Grand Rapids, MN from $495 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Grand Rapids.


212 NE 3rd Ave

River Hills Apartments

Grand Manor II

Alpine Apartments

2601 Airport Rd

River South Apartments

Oakwood Terrace III Townhomes
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Forest Park West Apartments

Lakeshore Place

Oakwood Terrace II Townhomes

115 3rd St S

Park Apartments

Laurentian Apartments

1022 Comstock Dr

109 3rd Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Ivy Manor Apartments

Meadowview Apartments

Mountain Manor Apartments

Deering Manor - Section 8: 62+ ,Handicapped,

5739 Marble Ave

Silverwood Apartments

Meadowbrook Apartments

Marlin Manor
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Hilltop Manor

Total Monthly Price
Park Villa Apartments

14th Street Apartments

22569 Main St

Total Monthly Price
Eastview Apartments

Total Monthly Price
Bunker Hill Apartments

Lofts on Novotny Apartment Homes

1102 S 4th Ave W
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.

Condor Apartments - Section 8 community

The Androy Apartments

Crosby Country Apartments

Alice Nettell Towers

612 Adams Ave

17193 Lisa Ct

The Virginian Apartments

109 Velkommen St NE
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.
Grand Rapids, MN Local Guide

How much does it cost to rent an apartment in Grand Rapids?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Grand Rapids Studio Apartments | $812 | $495 | $1,230 |
| Grand Rapids 1 Bedroom Apartments | $890 | $550 | $2,000 |
| Grand Rapids 2 Bedroom Apartments | $1,369 | $625 | $3,100 |
| Grand Rapids 3 Bedroom Apartments | $1,964 | $1,315 | $4,500 |
Browse Top Apartments in Grand Rapids
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Grand Rapids, MN Local Guide
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Cheapest Available Grand Rapids Apartments for Rent and Nearby
 The cheapest available apartment rental in Grand Rapids, MN is a Studio unit found at 115 3rd St S priced from $495. Laurentian Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Grand Rapids apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 115 3rd St S | Studio/Efficiency | Studio,1BA | $495 |
| Laurentian Apartments | Studio | 1BR,1BA | $600 |
| Park Apartments | 2 Bed/1 Bath | 2BR,1BA | $625 |
| Meadowview Apartments | 1 Bdr-Market Rate | 1BR,1BA | $700 |
| Mountain Manor Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $701 |
| Deering Manor - Section 8: 62+ ,Handicapped, | Deering Manor, 1 bed, 1 bath. | 1BR,1BA | $715 |
| Silverwood Apartments | 1 Bedroom | 1BR,1BA | $793 |
| Canal Apartments | Efficiency | Studio,1BA | $800 |
| Crosby Country Apartments | Studio | 1BR,1BA | $815 |
| Marlin Manor | Marlin Manor, 2 bed, 1 bath. | 2BR,1BA | $820 |
Best Value Apartments for Rent in Grand Rapids, MN and Nearby
As of September 03, 2026 the best value apartment in the Grand Rapids area is the $0.90 price per square foot 2 Bed + 1 Bath Model at Meadowbrook Apartments in the starting from $895. The second greatest value Grand Rapids apartment is the 2 Bedroom Model at Ivy Manor Apartments starting at $958 with a $1.05 price per square foot . Here is today’s list of the best values for Grand Rapids apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Meadowbrook Apartments | 2 Bed + 1 Bath | 2BR,1BA | $0.90 |
| Ivy Manor Apartments | 2 Bedroom | 2BR,1BA | $1.05 |
| River South Apartments | 2 Bedroom | 2BR,1BA | $1.49 |
| 5739 Marble Ave | 2 Bedroom | 2BR,1BA | $1.13 |
| Marlin Manor | Marlin Manor, 2 bed, 1 bath. | 2BR,1BA | $1.17 |
| Meadowview Apartments | 2 Bdr - Subsidized | 1BR,1BA | $1.19 |
| Silverwood Apartments | 1 Bedroom | 1BR,1BA | $1.30 |
| Park Apartments | 2 Bed/1 Bath | 2BR,1BA | $1.04 |
| Deering Manor - Section 8: 62+ ,Handicapped, | Deering Manor, 1 bed, 1 bath. | 1BR,1BA | $1.22 |
| Mountain Manor Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.40 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Best Local Schools in Grand Rapids, MN
Forest Lake Elementary School
Grand Rapids Senior High
Robert J. Elkington Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Grand Rapids, MN Rentals by Map
See the most popular apartments and homes in Grand Rapids, MN
Frequently Asked Questions about Cheap Grand Rapids Apartments
What is the Cheapest Studio apartment in Grand Rapids?
Currently the most affordable Cheap Studio Apartment in Grand Rapids is at 115 3rd St S listed at $495.
How much is rent for a Cheap One Bedroom Grand Rapids Apartment?
The lowest price for a Cheap One Bedroom Grand Rapids Apartment is $600 at Laurentian Apartments.
What is the lowest price for a Cheap Two Bedroom Grand Rapids Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Grand Rapids is starting from $625 at Park Apartments.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.