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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 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin area of Grand Rapids.
1000 Cass Ave SE
Grand RapidsMI49507
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from $9251 Bedroom Apartment Available Now
28 Jefferson Ave SE, Unit B
28 Jefferson Ave SEGrand Rapids, MI 49503
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from $950Studio to 2 Bedroom Apartments Available Now
Grand Central Lofts
100 Commerce Ave SWGrand Rapids, MI 49503
1354 Wealthy St SE
Grand RapidsMI49506
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from $1,075Studio Apartments Available Now
Lafayette Apartment Homes
17 Lafayette AveGrand Rapids, MI 49503
26 Hall St SW
Grand RapidsMI49507
1437 Giddings Ave SE
Grand RapidsMI49506
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Rent Specials
from $1,165Studio to 1 Bedroom Apartments Available Jun 18
Highland Place Apartments
405 Washington St SEGrand Rapids, MI 49503
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from $1,180Studio to 3 Bedroom Apartments Available Now
234 Market Apartments
234 Market Ave SWGrand Rapids, MI 49503
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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 1-24, 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 | $1,263 | $850 | $1,490 |
| Franklin 1 Bedroom Apartments | $1,609 | $900 | $2,376 |
| Franklin 2 Bedroom Apartments | $1,945 | $1,095 | $3,725 |
| Franklin 3 Bedroom Apartments | $2,187 | $1,195 | $4,386 |
| Franklin 4 Bedroom Apartments | $2,000 | $2,000 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 24 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 Studio unit found at Lafayette Apartment Homes priced from $1,075. Prospect Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $1,155. Here are the most affordable Franklin apartments for rent in Grand Rapids, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lafayette Apartment Homes | Studio | Studio,1BA | $1,075 |
| Prospect Apartment Homes | Studio, 1 Bathroom | Studio,1BA | $1,155 |
| Heritage Place | Studio | Studio,1BA | $1,202 |
| Venue Tower Apartments | Amber | Studio,1BA | $1,233 |
| The Globe Apartments | 1x1a | 1BR,1BA | $1,275 |
Best Value Apartments for Rent in Franklin, MI
As of April 17, 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 940 Bates St SE Model at 940 Bates St SE, Unit 1 starting at $1,400 with a $1.40 price per square foot in the Belknap Lookout 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 |
| 940 Bates St SE, Unit 1 | 940 Bates St SE | 2BR,1BA | $1.40 |
| 607 Fulton St E | Four Bed | 4BR,1BA | $2.00 |
| The Globe Apartments | 2x2b | 2BR,2BA | $1.61 |
| The Baldwin | 2 Bd Bi-Level Corner | 2BR,1.5BA | $1.95 |
| 127 Paddock Ave SE, Unit B | 127 Paddock Ave SE | 2BR,1BA | $1.67 |
| Waters House Apartments | Charleston | 2BR,1BA | $2.02 |
| Grand Central Lofts | Two Bedroom | 2BR,1BA | $1.76 |
| 28 Jefferson Ave SE, Unit B | 28 Jefferson Ave SE | 1BR,1BA | $1.54 |
| Lafayette Apartment Homes | Studio | Studio ,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 #26
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
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 $1,330.
What is the price of a cheap apartment in Franklin?
The cheapest apartment in Franklin is The Globe Apartments which is listed at $1,275, while the average apartment in Franklin costs $2,300.
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 15 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 $137 which is $2,163 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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.