855 Alexander St SE
Grand RapidsMI49507
Cheap Homes for Rent in Franklin Neighborhood of Grand Rapids, MI from $1,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Franklin area of Grand Rapids.
1268 Ramona St SE
Grand RapidsMI49507
424 Lafayette Ave SE
Grand RapidsMI49503
221 Hollister Ave SE
Grand RapidsMI49506
1003 Logan St SE
Grand RapidsMI49506
Showing Results 1-5, Page 1 of 1
Franklin, Grand Rapids, MI Local Guide
How much does it cost to rent a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,492 | $1,100 | $1,900 |
| Franklin 3 Bedroom Homes for Rent | $2,122 | $1,350 | $2,900 |
| Franklin 4 Bedroom Homes for Rent | $2,375 | $1,995 | $2,695 |
| Franklin 5 Bedroom Homes for Rent | $2,843 | $2,200 | $3,300 |
| Franklin 6 Bedroom Homes for Rent | $2,850 | $2,850 | $2,850 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 1 mile radius of the Franklin Neighborhood of Grand Rapids, MI.
Explore Grand Rapids
Franklin, Grand Rapids, MI Local Guide
- Nearby Grand Rapids neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 |
| 234 Market Apartments | Studio Apartment Style G/J | Studio,1BA | $1,180 |
Best Value Apartments for Rent in Franklin, MI
As of April 15, 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 |
| 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 |
| 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
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.
Let everyone know!
Do you know the Franklin area?
If you’re an expert on all things Franklin, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 169 Apartments for Rent in Franklin, MI with pricing that ranges from $850 to $4,386. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $1,100 to $3,300.
What is the current price range for Rental Homes in Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $1,100 to $3,300 with an average monthly rent of $2,151.
How much are larger Three and Four Bedroom Rentals in Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $1,195 to $4,386, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $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.
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.