30204 Southfield Rd
SouthfieldMI48076
Cheap Homes for Rent in the Franklin Neighborhood of Farmington, MI from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Franklin area of Farmington.
30276 Southfield Rd
SouthfieldMI48076
1205 E 14 Mile Rd
BirminghamMI48009
30066 Brentwood St
SouthfieldMI48076
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
16084 W Eleven Mile Rd
SouthfieldMI48076
16249 Elizabeth St
Beverly HillsMI48025
1493 E 14 Mile Rd
BirminghamMI48009
1424 Smith Ave
BirminghamMI48009
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Showing Results 1-8, Page 1 of 1
Franklin, Farmington, MI Local Guide
How much does it cost to rent a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,712 | $1,299 | $2,000 |
| Franklin 3 Bedroom Homes for Rent | $2,570 | $1,650 | $3,250 |
| Franklin 4 Bedroom Homes for Rent | $4,424 | $3,850 | $4,999 |
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 3 mile radius of the Franklin Neighborhood of Farmington, MI.
Explore Farmington
Franklin, Farmington, MI Local Guide
- Nearby Farmington neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Franklin Apartments for Rent
The cheapest available apartment rental in the Franklin area of Detroit, MI is a Studio unit found at Pine Aire priced from $915. Philamer has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Franklin apartments for rent in Detroit, MI:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pine Aire | Studio | Studio,1BA | $915 |
| Philamer | One Bed | 1BR,1BA | $1,000 |
| Parkview Apartments | One Bedroom | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Franklin, MI
As of July 31, 2026 the best value apartment in the Franklin area is the $1.56 price per square foot Malone Model at Glens of Bloomfield in the in the Bloomfield Hills neighborhood starting from $2,185. The second greatest value Franklin apartment is the Claymoor Model at Claymoor Luxury Apartments starting at $2,150 with a $1.65 price per square foot in the Southfield neighborhood. Here is today’s list of the best values for Franklin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Glens of Bloomfield | Malone | 2BR,2BA | $1.56 |
| Claymoor Luxury Apartments | Claymoor | 2BR,2BA | $1.65 |
| Cranbrook Centre - Southfield, MI | 2 Bedroom | 2BR,2BA | $1.40 |
| Kensington At Beverly Hills | Beverly | 2BR,1BA | $1.63 |
| Parkview Apartments | One Bedroom | 1BR,1BA | $1.17 |
| The Pines | One Bedroom | 1BR,1BA | $1.26 |
| The Lakes | 1 BED 1 BATH STYLE A | 1BR,1BA | $1.54 |
| Altitude West (Altitude RPB, LLC) | One Bedroom | 1BR,1BA | $1.41 |
| Philamer | One Bed | 1BR,1BA | $1.35 |
| 4304 13 Mile Rd, Unit 7 | 4304 13 Mile Rd | 1BR,1BA | $1.83 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read Article
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Franklin area?
If you’re an expert on all things Franklin, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Franklin, Farmington, MI
Bingham Farms Elementary School
Birmingham Public Schools
Public School - Grades PK-5 (353)
8 out of 10
School data provided by Great Schools
Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 37 Apartments for Rent in Franklin, MI with pricing that ranges from $915 to $3,900. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $1,200 to $4,999.
What is the current price range for Rental Homes in Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $1,200 to $4,999 with an average monthly rent of $2,546.
How much are larger Three and Four Bedroom Rentals in Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $1,450 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $3,250. Four Bedroom Single-Family rentals are also available starting from $3,850 and Four Bedroom Apartments start at $3,600.
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
Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Metro Detroit. As covered in other articles, the City of Detroit has much to offer to renters.
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.
The Detroit Insider's 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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.