825 Evergreen St SE
Grand RapidsMI49507
Cheap Apartments for Rent in the Madison Square Neighborhood of Grand Rapids, MI from $900 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Madison Square area of Grand Rapids.
922 M.L.K. Jr St SE
Grand RapidsMI49507
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Rent Specials
from $1,115Studio to 3 Bedroom Apartments Available Now
234 Market Apartments
234 Market Ave SWGrand Rapids, MI 49503
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from $1,140Studio to 2 Bedroom Apartments Available Now
Box Board Lofts
470 Market Ave SWGrand Rapids, MI 49503
1030 Eastern Ave SE
Grand RapidsMI49507
105 Dickinson St SW
Grand RapidsMI49507
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from $1,202Studio to 2 Bedroom Apartments Available Now
Heritage Place
50 College Ave SEGrand Rapids, MI 49503
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from $1,215Studio to 2 Bedroom Apartments Available Now
Studio Park Lofts & Tower
122 Oakes St SWGrand Rapids, MI 49503
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Rent Specials
from $1,233Studio to 2 Bedroom Apartments Available Now
Venue Tower Apartments
15 Ottawa Ave NWGrand Rapids, MI 49503
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from $1,300Studio to 3 Bedroom Apartments Available Apr 11
The Gallery
10 Commerce Ave SWGrand Rapids, MI 49503
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Rent Specials
from $1,300Studio to 2 Bedroom Apartments Available Now
Wealthy & Sheldon
90 Wealthy St SEGrand Rapids, MI 49503
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855 Alexander St SE
Grand RapidsMI49507
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650 Oakdale St SE
Grand RapidsMI49507
424 Lafayette Ave SE
Grand RapidsMI49503
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Showing Results 1-17, Page 1 of 1
Madison Square, Grand Rapids, MI Local Guide
How much does it cost to rent an apartment in Madison Square?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Madison Square Studio Apartments | $1,346 | $1,115 | $1,690 |
| Madison Square 1 Bedroom Apartments | $1,573 | $995 | $2,200 |
| Madison Square 2 Bedroom Apartments | $2,007 | $1,100 | $2,600 |
| Madison Square 3 Bedroom Apartments | $2,125 | $1,195 | $2,900 |
| Madison Square 4 Bedroom Apartments | $2,400 | $2,400 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 1 mile radius of the Madison Square Neighborhood of Grand Rapids, MI.
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Madison Square, Grand Rapids, MI Local Guide
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Cheapest Available Madison Square Apartments for Rent
The cheapest available apartment rental in the Madison Square area of Grand Rapids, MI is a Studio unit found at 234 Market Apartments priced from $1,115. Heritage Place has the second lowest priced unit, which is a Studio apartment currently listed from $1,202. Here are the most affordable Madison Square apartments for rent in Grand Rapids, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 234 Market Apartments | Studio Apartment Style G/J | Studio,1BA | $1,115 |
| Heritage Place | Studio | Studio,1BA | $1,202 |
| Wealthy & Sheldon | Sheldon Studio | Studio,1BA | $1,300 |
| The Plaza Apartments | HALL | 1BR,1BA | $1,455 |
| Studio Park Lofts & Tower | 122 One Bed Glass Wall /Juliet | 1BR,1BA | $1,460 |
Best Value Apartments for Rent in Madison Square, MI
As of March 27, 2025 the best value apartment in the Madison Square area is the $1.50 price per square foot 2 bed 1 bath Model at 601 West in the in the Center City neighborhood starting from $1,750. The second greatest value Madison Square 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 Madison Square apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 601 West | 2 bed 1 bath | 2BR,1BA | $1.50 |
| 940 Bates St SE, Unit 1 | 940 Bates St SE | 2BR,1BA | $1.40 |
| The Plaza Apartments | OAKES | 2BR,2BA | $2.18 |
| 680 Wealthy St SE, Unit 2A | 680 Wealthy St SE | 2BR,1BA | $2.81 |
| Venue Tower Apartments | Pilsner | 1BR,1BA | $2.57 |
| Studio Park Lofts & Tower | 121 One Bed Piazza View Glass | 1BR,1BA | $3.06 |
| Box Board Lofts | 1 Bed Alt B4 | 1BR,1BA | $3.03 |
| Heritage Place | Studio | Studio ,1BA | $2.79 |
| Wealthy & Sheldon | Sheldon Studio | Studio ,1BA | $3.10 |
| 234 Market Apartments | Studio Apartment Style G/J | Studio ,1BA | $2.82 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleMadison Square, Grand Rapids, MI
Ranked #44
Among neighborhoods in Grand Rapids, MI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Madison Square, Grand Rapids, MI
School data provided by Great Schools
Best Local Schools in Madison Square, Grand Rapids, MI
School data provided by Great Schools
Frequently Asked Questions about Cheap Madison Square Apartments
What is a cheap apartment in Madison Square?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Madison Square is under $1,750.
What is the price of a cheap apartment in Madison Square?
The cheapest apartment in Madison Square is Wealthy & Sheldon which is listed at $1,325, while the average apartment in Madison Square costs $2,500.
What types of apartments are the cheapest in Madison Square?
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 10 regular apartments in Madison Square 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 Madison Square?
Cheap apartments in Madison Square have an average cost of $168 which is $2,332 cheaper than the average rent for all rentals in Madison Square.
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.