Cheap Apartments for Rent in the Franklin Neighborhood of Farmington, MI from $700 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Franklin area of Farmington.

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.

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The Art of the Rental Viewing: What to look for during a property tour

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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355 E 14 Mile Rd
1 Bedroom Apartments

355 E 14 Mile Rd

355 E 14 Mile RdBirmingham, MI 48009
  • Utilities Included
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Wakefield Apartments
2 to 3 Bedroom Apartments

Wakefield Apartments

29090 Tiffany Dr ESouthfield, MI 48034
  • Utilities Included
Showing Results 1-31, Page 1 of 1

Franklin, Farmington, MI Local Guide

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in the Franklin area of Detroit, MI is a 1 Bed unit found at Regal Towers priced from $799. The Alcove Southfield has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Franklin apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Regal Towers1 Bedroom1BR,1BA$799
The Alcove SouthfieldS1Studio,1BA$895
Parc on 12Nelson - Edward1BR,1BA$915
Imperial Apartments1 Bedroom1BR,1BA$949
Philamer1 Bed, 1 bath1BR,1BA$975
The FranklinStudio - AStudio,1BA$1,005
The PinesOne Bedroom1BR,1BA$1,055
The Lakes2 Bed 1 Bath2BR,1BA$1,125
The Addison at SouthfieldA11BR,1BA$1,178
Parkview ApartmentsOne Bedroom1BR,1BA$1,200

Best Value Apartments for Rent in Franklin, MI

As of June 25, 2025 the best value apartment in the Franklin area is the $1.31 price per square foot Henry Model at Lancaster Hills in the in the Northwestern Highway neighborhood starting from $2,360. The second greatest value Franklin apartment is the Two Bedroom/Two Bath Model at Corner Place starting at $1,640 with a $1.26 price per square foot in the Fries Park neighborhood. Here is today’s list of the best values for Franklin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lancaster HillsHenry3BR,2BA$1.31
Corner PlaceTwo Bedroom/Two Bath2BR,2BA$1.26
The Crossroads At Southfield ApartmentsAndrew1BR,1BA$1.17
Colony Park Apartments1 Bedroom 1 Bath1BR,1BA$1.45
Franklin River Apartments1B1BR,1BA$1.30
Willow Tree ApartmentsWillow Tree Ashley1BR,1BA$1.36
The PinesOne Bedroom1BR,1BA$1.26
Philamer1 Bed, 1 bath1BR,1BA$1.32
Regal Towers1 Bedroom1BR,1BA$1.21
Parc on 12Nelson - Edward1BR,1BA$1.41

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Franklin, Farmington, MI

Ranked #2

Among neighborhoods in Farmington, MI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Franklin, Farmington, MI

School data provided by Great Schools

Frequently Asked Questions about Cheap Franklin Apartments

What is the Cheapest Studio apartment in Franklin?

Currently the most affordable Cheap Studio Apartment in Franklin is at The Alcove Southfield listed at $895.

How much is rent for a Cheap One Bedroom Franklin Apartment?

The lowest price for a Cheap One Bedroom Franklin Apartment is $799 at Regal Towers.

What is the lowest price for a Cheap Two Bedroom Franklin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Franklin is starting from $959 at Regal Towers.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Regal Towers and starts from $1,429.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.