4 Hours Ago
Highlights
Pet Friendly
Location
506 Prospect Ave Se #1, Grand Rapids, MI 49503, USA|South Hill
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Floor plans
| 506 Prospect Avenue Southeast, Unit 1 | 2 bed | 2 bath | 1,200 sqft | $2,250 /mo | $2250 per month - 2 Bed / 2 Bath Lower Unit Located in Heritage Hill with TONS of storage and 2-stall garage. AVAILABLE ON OR AFTER JULY 1st These 2 beds, 2 Full Bath, lower unit of a duplex is located on Prospect Street in the Historical Heritage Hill Neighborhood of Grand Rapids. The main floor unit boast 9' ceilings and a spacious floor plan and has plenty of unique characteristics. This apartment comes with exclusive use of the driveway and 2 stall garage, also has access to the basement with a walk-in closet, storage area, and In-unit laundry (Not shared with the upper apartment!) Within walking distance are plenty of restaurants and shops near the East Town Neighborhood, and Downtown Grand Rapids is less than a 5-minute drive. Appliances - Dishwasher, Range, Fridge, Microwave, and Washer & Dryer, Lease lengths - 12 Months. Pets accepted with additional security deposit and monthly fee |
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Amenities for 506 Prospect Avenue Southeast, Unit 1
Apartment Amenities
| Walk-in Closet | Water |
Appliances
| Dishwasher | In-Unit Laundry |
| Range/Oven | Refrigerator |
Building
| Cats OK | Dogs OK |
| Garage Attached | Laundry Shared |
| Onsite Laundry |
Grounds
| Garage Parking | Storage |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Garage Parking
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Year built | 1910 |
|---|---|
| Lease terms | 12+ months |
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About 506 Prospect Avenue Southeast, Unit 1
$2250 per month - 2 Bed / 2 Bath Lower Unit Located in Heritage Hill with TONS of storage and 2-stall garage. AVAILABLE ON OR AFTER JULY 1st These 2 beds, 2 Full Bath, lower unit of a duplex is located on Prospect Street in the Historical Heritage Hill Neighborhood of Grand Rapids. The main floor unit boast 9' ceilings and a spacious floor plan and has plenty of unique characteristics. This apartment comes with exclusive use of the driveway and 2 stall garage, also has access to the basement with a walk-in closet, storage area, and In-unit laundry (Not shared with the upper apartment!) Within walking distance are plenty of restaurants and shops near the East Town Neighborhood, and Downtown Grand Rapids is less than a 5-minute drive. Appliances - Dishwasher, Range, Fridge, Microwave, and Washer & Dryer, Lease lengths - 12 Months. Pets accepted with additional security deposit and monthly fee
Year Built: 1910
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Rent trends in South Hill
2-bedroom apartments at 506 Prospect Avenue Southeast, Unit 1 cost about 26% more than the average rent price for 2-bedroom apartments in South Hill.
Median rents as of Jun 27 2026.
South Hill
Grand Rapids
| Month | Median Rent |
|---|---|
| July 2024 | $1,625 |
| August 2024 | $1,587 |
| September 2024 | $1,505 |
| October 2024 | $1,544 |
| November 2024 | $1,574 |
| December 2024 | $1,593 |
| January 2025 | $1,591 |
| February 2025 | $1,597 |
| March 2025 | $1,608 |
| April 2025 | $1,582 |
| May 2025 | $1,600 |
| June 2025 | $1,567 |
| July 2025 | $1,517 |
| August 2025 | $1,528 |
| September 2025 | $1,497 |
| October 2025 | $1,495 |
| November 2025 | $1,532 |
| December 2025 | $1,578 |
| January 2026 | $1,530 |
| February 2026 | $1,514 |
| March 2026 | $1,534 |
| April 2026 | $1,596 |
| May 2026 | $1,580 |
| June 2026 | $1,586 |
| Month | Median Rent |
|---|---|
| March 2025 | $1,721 |
| April 2025 | $1,772 |
Affordability calculator
Can I afford to live at 506 Prospect Ave Se #1?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$90,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $90,000 annually to afford this 2-bedrooms monthly rent price of $2,250.
For more information on rent affordability, visit our rent calculator.
Schools near 506 Prospect Avenue Southeast, Unit 1
Martin Luther King Leadership Academy
645 logan st se
grand rapids, MI, 49503
PK, K-8Public
C-
Ridgemoor Park Montessori
2555 inverness rd se
grand rapids, MI, 49546
PK, K-6Public
C+
Kent Education Center - Oakleigh
2223 gordon st nw
grand rapids, MI, 49504
K-8Public
C
Ca Frost Environmental Science Academy Elementary School
1460 laughlin dr nw
grand rapids, MI, 49504
PK, K-5Public
B-
Kelloggsville Early Childhood Learning Center
977 44th st sw
wyoming, MI, 49509
PK, KPublic
B-
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Internet available near 506 Prospect Avenue Southeast, Unit 1
Neighborhood
South Hill | Grand Rapids, MI
Getting around Grand Rapids near 506 Prospect Ave Se #1
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Transit
6/10
Popular public transit options are just a short walk from this location.
Points of interest for 506 Prospect Ave Se #1, Grand Rapids
Groceries
6/10
At least one grocery store within a 15-minute walk
Shopping
5/10
Some shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
6/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 20-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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