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from $875Studio to 2 Bedroom Apartments Contact Us For Availability
Freyling Mendels Apartments
1059 Wealthy St SEGrand Rapids, MI 49506
Cheap Apartments for Rent in the Franklin Neighborhood of Grand Rapids, MI from $400 (20 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
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from $1,075Studio Apartments Available Now
Lafayette Apartment Homes
17 Lafayette AveGrand Rapids, MI 49503
1054 Lafayette Ave SE
Grand RapidsMI49507
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Rent Specials
from $1,155Studio to 1 Bedroom Apartments Available Jun 18
Highland Place Apartments
405 Washington St SEGrand Rapids, MI 49503
716 Kellogg St SE
Grand RapidsMI49503
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from $1,2001 Bedroom Apartment Available Now
113 Packard Ave SE, Unit Apt 2
113 Packard Ave SEGrand Rapids, MI 49503
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Studio to 2 Bedroom Apartments
636 Kellogg Street Apartment Homes
636 Kellogg St SEGrand 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.
Showing Results 1-20, 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 | $1,295 | $875 | $1,490 |
| Franklin 1 Bedroom Apartments | $1,618 | $1,150 | $2,378 |
| Franklin 2 Bedroom Apartments | $1,978 | $1,150 | $3,831 |
| Franklin 3 Bedroom Apartments | $2,076 | $1,295 | $4,458 |
| Franklin 4 Bedroom Apartments | $2,000 | $2,000 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 1 mile radius of the Franklin Neighborhood of Grand Rapids, MI.
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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. Grand Central Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. 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 |
| Grand Central Lofts | One Bedroom | 1BR,1BA | $1,150 |
| 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 |
Best Value Apartments for Rent in Franklin, MI
As of May 09, 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 |
| The Brix at Midtown | 2 Bedroom 2 Bath - 971 sq. ft. | 2BR,2BA | $2.21 |
| Madison Apartment Homes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.88 |
| Waters House Apartments | Charleston | 2BR,1BA | $2.02 |
| The Globe Apartments | 2x1a | 2BR,1BA | $1.74 |
| The Gallery | 08 Style - 1 Bedroom | 1BR,1BA | $2.25 |
| 113 Packard Ave SE, Unit Apt 2 | 113 Packard Ave SE | 1BR,1BA | $2.00 |
| 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 #24
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)
4 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 $1,325.
What is the price of a cheap apartment in Franklin?
The cheapest apartment in Franklin is Grand Central Lofts which is listed at $1,150, while the average apartment in Franklin costs $2,000.
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 18 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 $805 which is $1,195 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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.