Cheap Apartments for Rent in the Franklin Neighborhood of Grand Rapids, MI from $700 (30 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Franklin area of Grand Rapids.

close
View Me
40 Benjamin Ave SE
$9501 Bedroom, 1 Bath RentalsAvailable Now

40 Benjamin Ave SE

Grand Rapids, MI 49506
View Details
close
View Me
16 Portsmouth Pl NE
$1,0251 Bedroom, 1 Bath RentalsAvailable Now

16 Portsmouth Pl NE

Grand Rapids, MI 49503
View Details
close
View Me
330 Charles Ave SE
$1,2002 Bedroom, 1 Bath RentalsAvailable May 15

330 Charles Ave SE

Grand Rapids, MI 49503
View Details
close
View Me
Grand City Heights
Studio to 1 Bedroom Apartments

Grand City Heights

333 Commerce Ave SWGrand Rapids, MI 49503
close
View Me
43 Lafayette Ave
1 Bedroom Apartments

43 Lafayette Ave

43 Lafayette AveGrand Rapids, MI 49503
close
View Me
Iowa Flats
Studio to 3 Bedroom Apartments

Iowa Flats

119-125 Jefferson Ave SEGrand Rapids, MI 49503
close
View Me
550 Paris
1 Bedroom Apartments

550 Paris

550 Paris Ave SEGrand Rapids, MI 49503
close
View Me
One South
Studio Apartments

One South

41 Division Ave SGrand Rapids, MI 49503
close
View Me
Sheldon Apartments
1 Bedroom Apartments

Sheldon Apartments

1010 Sheldon Ave SEGrand Rapids, MI 49507
Senior Living
close
View Me
One Oakes
2 Bedroom Apartments

One Oakes

1-5 Oakes St SWGrand Rapids, MI 49503

Franklin, Grand Rapids, MI Local Guide

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 $1,125. Here are the most affordable Franklin apartments for rent in Grand Rapids, MI:

Apartment ListingModel NameBed/BathPriced From
The Globe Apartments1 bedroo upgraded1BR,1BA$1,000
234 Market ApartmentsMicro Apartment Style HStudio,1BA$1,125
Washington Street Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$1,215
Heritage PlaceStudioStudio,1BA$1,219
College Hill ApartmentsOne Bedroom1BR,1BA$1,225
The Lofts Apartments1 Bedroom1BR,1BA$1,258
Wealthy and Sheldon ApartmentsSheldon StudioStudio,1BA$1,300
Waters House ApartmentsSavannah1BR,1BA$1,324
Venue Tower ApartmentsAmberStudio,1BA$1,372
Eastown FlatsWilcox1BR,1BA$1,395

Best Value Apartments for Rent in Franklin, MI

As of February 10, 2025 the best value apartment in the Franklin area is the $1.78 price per square foot 05 Style - 2 Bedroom Model at The Gallery in the in the Center City neighborhood starting from $1,850. The second greatest value Franklin apartment is the 2bed/2bath Model at Historic Kingsley Building starting at $1,875 with a $1.90 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Gallery05 Style - 2 Bedroom2BR,2BA$1.78
Historic Kingsley Building2bed/2bath2BR,2BA$1.90
The Baldwin2 Bd Bi-Level Corner2BR,1.5BA$1.95
634 Sherman St SE, Unit Lower634 Sherman St SE2BR,1BA$1.67
946 Virginia St SE, Unit 2 Upstairs946 Virginia St SE2BR,1BA$2.00
Waters House ApartmentsCharleston2BR,1BA$2.02
The Globe Apartments1 bedroom upgraded s1BR,1BA$1.93
The Brix at Midtown1 Bedroom 1 Bath - 735 sq. ft.1BR,1BA$2.13
The Lofts Apartments1 Bedroom1BR,1BA$1.84
Washington Street Apartment Homes1 Bedroom, 1 Bathroom1BR,1BA$2.11

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Franklin, Grand Rapids, MI

Ranked #28

Among neighborhoods in Grand Rapids, MI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Cheap Franklin Apartments

What is the Cheapest Studio apartment in Franklin?

Currently the most affordable Cheap Studio Apartment in Franklin is at 234 Market Apartments listed at $1,125.

How much is rent for a Cheap One Bedroom Franklin Apartment?

The lowest price for a Cheap One Bedroom Franklin Apartment is $1,000 at The Globe Apartments.

What is the lowest price for a Cheap Two Bedroom Franklin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Franklin is starting from $1,450 at The Globe Apartments.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at The Globe Apartments and starts from $2,000.

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Navigating the World of Low-Income Housing: A Comprehensive Guide article

Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

decorative image for Real Estate Term Glossary: Your Guide to The A to Zs of Renting  article

Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.