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Updated 7 Hours Ago

Highlights

  • Pet Friendly
  • Dishwasher
  • In-unit laundry
  • Walk-in closet
  • Washer & dryer
  • Fridge
  • 2 stall garage

Location

506 Prospect Ave Se #1, Grand Rapids, MI 49503, USA|South Hill
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Contact

Management

Next Level Properties

Leasing office

(844) 325-9308 ext. 6330

Property Overview

506 Prospect Avenue Southeast, Unit 1 is rated as a strong rental option overall, with high marks for price, amenities, location, and trustworthiness. It offers notable features like a dishwasher, walk-in closet, in-unit laundry, washer and dryer, fridge, and a 2 stall garage, while also standing out for value per square foot, photo coverage, nearby schools, pet services, and access to dining and entertainment.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, 506 Prospect Avenue Southeast, Unit 1 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 506 Prospect Avenue Southeast, Unit 1 has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Middle school nearby
  • More space
  • Elementary school nearby

Great for

  • Pet owners
  • Social life

Floor plans

506 Prospect Avenue Southeast, Unit 12 bed2 bath1,200 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 ClosetWater

Appliances

DishwasherIn-Unit Laundry
Range/OvenRefrigerator

Building

Cats OKDogs OK
Garage AttachedLaundry Shared
Onsite Laundry

Grounds

Garage ParkingStorage
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 built1910
Lease terms12+ months
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About 506 Prospect Avenue Southeast, Unit 1

HomeApartments in Grand RapidsSouth Hill 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

Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, 506 Prospect Avenue Southeast, Unit 1 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 506 Prospect Avenue Southeast, Unit 1 has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated 506 Prospect Avenue Southeast, Unit 1
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
506 Prospect Avenue Southeast, Unit 1 stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
506 Prospect Avenue Southeast, Unit 1 stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
506 Prospect Avenue Southeast, Unit 1 is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 506 Prospect Avenue Southeast, Unit 1 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

506 Prospect Avenue Southeast, Unit 1 is great for:

Pet owners

  • 2 dog parks within 1 mile
  • 6 pet supply stores near the property
  • 2 pet grooming services nearby
  • 1 pet hospital in the area

Social life

  • Areas nearby are accessible by walking
  • 195 restaurants within 1 mile of this property
  • 282 mixed-use spaces nearby
  • 41 theaters, music venues, or sports arenas nearby

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 506 Prospect Avenue Southeast, Unit 1 compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.4 mile away
More space
The 2-bedroom is 302 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.2 mile away
Dishwasher
Dishwasher available in kitchen
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit
Walk-in closet
More closet space on average

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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 Jul 18 2026.
South Hill
Grand Rapids
A table of 2-bedroom apartment rental data trends in Grand Rapids
MonthMedian Rent
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
July 2026$1,600
A table of 2-bedroom apartment rental data trends in South Hill
MonthMedian Rent
March 2025$1,721
April 2025$1,772

Affordability calculator

Can I afford to live at 506 Prospect Ave Se #1?

Bedrooms

2 bedrooms

Rent-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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Neighborhood

South Hill | Grand Rapids, MI

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Grand Rapids near 506 Prospect Ave Se #1

Walking

8/10
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.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 506 Prospect Ave Se #1, Grand Rapids

Groceries

8/10
Wide variety of groceries within a short drive, including some within walking distance

Shopping

6/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

8/10
Wide variety of cafés within a short drive, including some within walking distance

Restaurants

8/10
Wide variety of restaurants within a few minutes’ walk

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 15-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

8/10
Wide variety of bars within a few minutes' walk

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