
Cheap Homes for Rent near Parma, MI from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Parma.


825 Burr Oak St

201 Booth Dr

818 N Berrien St

405 E Porter St

430 Dunlap St
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.

303 W Franklin St

1017 Hein Ave

4927 Starr Ave

906 Helena Ave

233 Monroe St

603 Peachtree Pl
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.
Parma, MI Local Guide

How much does it cost to rent a home in Parma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parma 2 Bedroom Homes for Rent | $1,276 | $800 | $1,995 |
| Parma 3 Bedroom Homes for Rent | $1,674 | $1,100 | $3,500 |
| Parma 4 Bedroom Homes for Rent | $1,800 | $1,300 | $2,200 |
Browse Top Homes for Rent in Parma
Explore Parma
Parma, MI Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Parma Apartments for Rent and Nearby
 The cheapest available apartment rental in Parma, MI is a 2 Beds unit found at Island City Apartments priced from $616. Grand River Ridge in the Jackson County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here is today’s list of the most affordable Parma apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Island City Apartments | 2 Beds, 2 baths | 2BR,2BA | $616 |
| Grand River Ridge | 1 Bedroom | 1BR,1BA | $749 |
| Seniors of Maple Ridge | One Bedroom | 1BR,1BA | $780 |
| Autumn Woods | Birchwood | 1BR,1BA | $815 |
| Oak Meadows | One Bedroom | 1BR,1BA | $825 |
Best Value Apartments for Rent in Parma, MI and Nearby
As of August 09, 2026 the best value apartment in the Parma area is the $0.92 price per square foot 3 Bedroon Model at Grand River Ridge in the in the Jackson County neighborhood starting from $1,100. The second greatest value Parma apartment is the Gala Model at Alpine Lake Apartments starting at $1,225 with a $1.02 price per square foot in the Jackson County neighborhood. Here is today’s list of the best values for Parma apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Grand River Ridge | 3 Bedroon | 3BR,1BA | $0.92 |
| Alpine Lake Apartments | Gala | 2BR,1.5BA | $1.02 |
| Oak Meadows | 4 Bedroom House | 4BR,1.5BA | $1.17 |
| Island City Apartments | 2 Beds, 2 baths | 2BR,2BA | $0.62 |
| Carriage House (Albion 64 LLC) | Two Bed | One Bath | First Month's Rent FREE! | 2BR,1BA | $0.98 |
| Riverside (Albion 64 LLC) | Albion Riverside House - Two Bedroom 2nd Floor ... | 2BR,1BA | $1.00 |
| McClellan Estates | One Bedroom | 1BR,1BA | $1.00 |
| Ashton Ridge Apartments | 2x1 916-992 | 2BR,1BA | $0.97 |
| Blossom Manor Apartments | Fully Furnished Unit | 2BR,1BA | $1.05 |
| Westbay Club Apartments | Two Bedroom Balcony | 2BR,1BA | $1.14 |
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 Parma, MI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Parma, MI Rentals by Map
See the most popular apartments and homes in Parma, MI
Frequently Asked Questions about Parma
What type of rentals are currently available in Parma?
There are currently 51 Apartments for Rent in Parma, MI with pricing that ranges from $616 to $13,820. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Parma ranging from $750 to $3,500.
What is the current price range for Rental Homes in Parma?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Parma ranges from $750 to $3,500 with an average monthly rent of $1,504.
How much are larger Three and Four Bedroom Rentals in Parma?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Parma range from $645 to $1,765, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $1,400.
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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.