
Cheap Apartments for Rent in the Franklin Park Neighborhood of Detroit, MI from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin Park area of Detroit.


Top of the Drive Apartments

Stanley Manor Apartments

15601 Schoolcraft Rd

Western Heights Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

7326 Ashton Ave
The Detroit Insiders Renting Guide: A Local's Look Under the Hood
Moving to Detroit? Get the local breakdown on affordable rental options, easy commutes, and how to navigate the People Mover and Q-Line downtown.
Franklin Park, Detroit, MI Local Guide

How much does it cost to rent an apartment in Franklin Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Park Studio Apartments | $655 | $655 | $655 |
| Franklin Park 1 Bedroom Apartments | $792 | $696 | $995 |
| Franklin Park 2 Bedroom Apartments | $979 | $801 | $1,300 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Franklin Park Neighborhood of Detroit, MI.
See all Apartments in DetroitExplore Detroit
Cheapest Available Franklin Park Apartments for Rent
 The cheapest available apartment rental in the Franklin Park area of Detroit, MI is a 1 Bed unit found at Franklin Village Apartments priced from $646. Stanley Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Franklin Park apartments for rent in Detroit, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Village Apartments | 1 Bed 1 Bath | 1BR,1BA | $646 |
| Stanley Manor Apartments | 1 - bedroom | 1BR,1BA | $700 |
| Western Heights Apartments | One Bedroom | 1BR,1BA | $745 |
| Dorchester Arms | 1 Bedroom | 1BR,1BA | $750 |
| 14027 Montrose St | Upper | 1BR,1BA | $800 |
Best Value Apartments for Rent in Franklin Park, MI
As of December 26, 2025 the best value apartment in the Franklin Park area is the $0.95 price per square foot Chicago Townhomes - 20921 Model at Chicago Townhomes in the in the Warrendale neighborhood starting from $950. The second greatest value Franklin Park apartment is the Two Bedroom Model at Western Heights Apartments starting at $895 with a $1.04 price per square foot in the South Redford neighborhood. Here is today’s list of the best values for Franklin Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Chicago Townhomes | Chicago Townhomes - 20921 | 2BR,1BA | $0.95 |
| Western Heights Apartments | Two Bedroom | 2BR,1BA | $1.04 |
| Dolson Arms Apartments | 2 BR, 1 BA | 2BR,1BA | $1.29 |
| 14027 Montrose St | Upper | 1BR,1BA | $1.00 |
| 7464 Southfield Fwy, Unit 7460 | 7464 Southfield Fwy | 2BR,1BA | $1.27 |
| Dorchester Arms | Renovated - 1 Bedroom | 1BR,1BA | $1.20 |
| Ramblewood Apartments | 1BR/ 1BA | 1BR,1BA | $1.42 |
| Franklin Village Apartments | 2 Bed 1 Bath Garden | 2BR,1BA | $1.10 |
| Redford Square Apartments | 1BR/1.0BA | 1BR,1BA | $1.50 |
| Stanley Manor Apartments | 1 - bedroom | 1BR,1BA | $1.14 |
Frequently Asked Questions about Cheap Franklin Park Apartments
How much is rent for a Cheap One Bedroom Franklin Park Apartment?
The lowest price for a Cheap One Bedroom Franklin Park Apartment is $646 at Franklin Village Apartments.
What is the lowest price for a Cheap Two Bedroom Franklin Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Franklin Park is starting from $743 at Franklin Village Apartments.
Expert Rental Resources
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.
Helpful Local Expert Guides

A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s.

The Best Detroit Area Neighborhoods for Off-Campus Housing Renters
Written by: Tim Brown
Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.

The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s and have witnessed the city and its surrounding metro area undergo a renaissance.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!










