
Cheap Apartments for Rent in the Franklin Park Neighborhood of Detroit, MI from $500 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin Park area of Detroit.


Top of the Drive Apartments

Redford Square Apartments

Franklin Village Apartments

Western Heights Apartments

18417-18423 W Chicago St

15100 Tireman St

18541 Plymouth Rd
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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Elmira apartments

15730 W Chicago St

9215 Southfield Fwy

Duke Arms

Plymouth Square Village

Dolphin Gardens

Regency Apartments

West Park Manor Apartments
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Kirkwood House Apartments

Detroit Luxury Living Apartments

Louis Apartments

Worthfield Apartments

Dorchester Arms

Penrod Manor/Faust Manor Apartments

Romarta Apartments

Capri Manor Apartments
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18110 Waever

Alexander Court

Delphi Apartment

Dolson Arms Apartments

Chicago Crossings

Smith Homes

Rouge Valley Apartments

Greenbriar Park Apartments
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Dearborn Heights Co-Op Towers
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 | $816 | $700 | $1,045 |
| Franklin Park 2 Bedroom Apartments | $988 | $800 | $1,300 |
Browse Apartments in this Neighborhood
There are currently 33 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 Stanley Manor Apartments priced from $700. Franklin Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $702. Here are the most affordable Franklin Park apartments for rent in Detroit, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stanley Manor Apartments | 1 - bedroom | 1BR,1BA | $700 |
| Franklin Village Apartments | 1 Bed 1 Bath | 1BR,1BA | $702 |
| Western Heights Apartments | One Bedroom | 1BR,1BA | $745 |
| Chicago Townhomes | Chicago Townhomes - 20935 | 2BR,1BA | $900 |
| Redford Square Apartments | 1BR/1.0BA | 1BR,1BA | $975 |
| Ramblewood Apartments | 1BR/ 1BA | 1BR,1BA | $995 |
Best Value Apartments for Rent in Franklin Park, MI
As of May 23, 2026 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 |
| Redford Square Apartments | 2 Bed/1BA | 2BR,1BA | $1.60 |
| Ramblewood Apartments | 1BR/ 1BA | 1BR,1BA | $1.42 |
| Franklin Village Apartments | 2 Bed 1 Bath Garden | 2BR,1BA | $1.19 |
| 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 $700 at Stanley Manor 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 $803 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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.