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from $850Studio to 2 Bedroom Apartments Contact Us For Availability
Freyling Mendels
1059 Wealthy St SEGrand Rapids, MI 49506
Cheap Apartments for Rent in the Franklin Neighborhood of Grand Rapids, MI from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin area of Grand Rapids.
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from $950Studio to 2 Bedroom Apartments Available Now
Grand Central Lofts
100 Commerce Ave SWGrand Rapids, MI 49503
825 Evergreen St SE
Grand RapidsMI49507
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from $1,0001 to 3 Bedroom Apartments Available Now
The Globe Apartments
315 Commerce Av SWGrand Rapids, MI 49503
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Rent Specials
from $1,100Studio to 3 Bedroom Apartments Available Now
234 Market Apartments
234 Market Ave SWGrand Rapids, MI 49503
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from $1,125Studio to 2 Bedroom Apartments Contact Us For Availability
Union Street Apartment Homes
102 Union Ave SEGrand Rapids, MI 49503
1437 Giddings Ave SE
Grand RapidsMI49506
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from $1,185Studio to 1 Bedroom Apartments Available May 30
Highland Place Apartments
405 Washington St SEGrand Rapids, MI 49503
1030 Eastern Ave SE
Grand RapidsMI49507
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Studio to 2 Bedroom Apartments
636 Kellogg Street Apartment Homes
636 Kellogg St SEGrand Rapids, MI 49503
Showing Results 1-22, Page 1 of 1
Franklin, Grand Rapids, MI Local Guide
How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments | $1,255 | $850 | $1,495 |
| Franklin 1 Bedroom Apartments | $1,589 | $995 | $2,398 |
| Franklin 2 Bedroom Apartments | $1,979 | $1,150 | $3,756 |
| Franklin 3 Bedroom Apartments | $2,274 | $1,195 | $4,024 |
| Franklin 4 Bedroom Apartments | $2,300 | $2,000 | $2,500 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 1 mile radius of the Franklin Neighborhood of Grand Rapids, MI.
See all Apartments in Grand RapidsExplore Grand Rapids
Franklin, Grand Rapids, MI Local Guide
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Cheapest Available Franklin Apartments for Rent
The cheapest available apartment rental in the Franklin area of Grand Rapids, MI is a 1 Bed unit found at The Globe Apartments priced from $1,000. 234 Market Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here are the most affordable Franklin apartments for rent in Grand Rapids, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Globe Apartments | 1 bedroo upgraded | 1BR,1BA | $1,000 |
| 234 Market Apartments | Studio Apartment Style G/J | Studio,1BA | $1,100 |
| Prospect Apartment Homes | Studio, 1 Bathroom | Studio,1BA | $1,155 |
| Heritage Place | Studio | Studio,1BA | $1,202 |
| College Hill Apartments | Studio Renovated | Studio,1BA | $1,215 |
Best Value Apartments for Rent in Franklin, MI
As of March 29, 2025 the best value apartment in the Franklin area is the $1.34 price per square foot 2bed/2bath Model at Historic Kingsley Building in the in the Belknap Lookout neighborhood starting from $1,875. The second greatest value Franklin apartment is the Two Bedroom Model at 20 Fulton Street East Apartments starting at $2,385 with a $2.26 price per square foot in the Center City neighborhood. Here is today’s list of the best values for Franklin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Historic Kingsley Building | 2bed/2bath | 2BR,2BA | $1.34 |
| 20 Fulton Street East Apartments | Two Bedroom | 2BR,2BA | $2.26 |
| 607 Fulton St E | Four Bed | 4BR,1BA | $2.00 |
| 940 Bates St SE, Unit 1 | 940 Bates St SE | 2BR,1BA | $1.40 |
| Waters House Apartments | Charleston | 2BR,1BA | $2.02 |
| Grand Central Lofts | Two Bedroom | 2BR,1BA | $1.76 |
| The Globe Apartments | 1 bedroom upgraded s | 1BR,1BA | $1.93 |
| The Brix at Midtown | 1 Bedroom 1 Bath - 699 sq. ft. | 1BR,1BA | $2.28 |
| The Lofts Apartments | 1 Bedroom | 1BR,1BA | $1.89 |
| Washington Street Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2.16 |
Quick Rent Budget Calculator
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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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Pet Friendly LifestyleFranklin, Grand Rapids, MI
Ranked #25
Among neighborhoods in Grand Rapids, MI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Franklin, Grand Rapids, MI
Martin Luther King Leadership Academy
Grand Rapids Public Schools
Public School - Grades PK-8 (296)
3 out of 10
School data provided by Great Schools
Best Local Schools in Franklin, Grand Rapids, MI
Martin Luther King Leadership Academy
Grand Rapids Public Schools
Public School - Grades PK-8 (296)
3 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Franklin Apartments
What is a cheap apartment in Franklin?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Franklin is under $1,350.
What is the price of a cheap apartment in Franklin?
The cheapest apartment in Franklin is The Globe Apartments which is listed at $1,000, while the average apartment in Franklin costs $2,500.
What types of apartments are the cheapest in Franklin?
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 Franklin 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 Franklin?
Cheap apartments in Franklin have an average cost of $124 which is $2,376 cheaper than the average rent for all rentals in Franklin.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.