It will see 183 homes built on land at the Springfield Business Centre on Springfield Lane in Salford.
The new build-to-rent development is next to the River Irwell with homes spread across two blocks of differing heights and is expected to be managed by a single landlord.
Other sections of the development are shorter, standing between three and five storeys.
It includes no affordable homes, which is lower than the council's aim of 20 per cent per development.
The application received more than 100 objections by the time it came before the council's planning committee.
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