One M-1
DetroitMI48228
Cheap Homes for Rent in Franklin Park Neighborhood of Detroit, MI from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Franklin Park area of Detroit.
close
View Me
$8751 Bedroom Apartments Available Now
18401 Joy Rd, Unit 8
18401 Joy RdDetroit, MI 48228
8426 Asbury Park
DetroitMI48228
One M-1
DetroitMI48228
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.
close
View Me
$9602 Bedroom Apartments Available Jun 12
15236 Tireman Ave, Unit 1
15236 Tireman AveDetroit, MI 48228
One M-1
DetroitMI48228
close
View Me
$9962 Bedroom Apartments Available Now
14118 Evergreen Rd, Unit 14120 Evergreen - Upper
14118 Evergreen RdDetroit, MI 48223
12144 Auburn St
DetroitMI48228
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.
Showing Results 1-8, Page 1 of 1
Franklin Park, Detroit, MI Local Guide
How much does it cost to rent a home in Franklin Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Park 2 Bedroom Homes for Rent | $1,127 | $900 | $1,300 |
| Franklin Park 3 Bedroom Homes for Rent | $1,353 | $1,000 | $1,850 |
| Franklin Park 4 Bedroom Homes for Rent | $1,395 | $1,200 | $1,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Franklin Park Neighborhood of Detroit, MI.
Explore Detroit
Let everyone know!
Do you know the Franklin Park area?
If you’re an expert on all things Franklin Park, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $720. 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 | $720 |
| Western Heights Apartments | One Bedroom | 1BR,1BA | $745 |
Best Value Apartments for Rent in Franklin Park, MI
As of June 11, 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 | $1.22 |
| Stanley Manor Apartments | 1 - bedroom | 1BR,1BA | $1.14 |
Frequently Asked Questions about Franklin Park
What type of rentals are currently available in Franklin Park?
There are currently 80 Apartments for Rent in Franklin Park, MI with pricing that ranges from $655 to $1,300. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin Park ranging from $858 to $1,850.
What is the current price range for Rental Homes in Franklin Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin Park ranges from $858 to $1,850 with an average monthly rent of $1,183.
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.
Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers
Written by: Tim Brown
The auto industry remains the largest employment sector in the Motor City and surrounding communities, though the metro area has a significant presence in other sectors, including medical and financial services.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.