
Cheap Homes for Rent in Franklin Neighborhood of Farmington, MI from $1,300 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Franklin area of Farmington.


1226 Bird Ave, Unit Upper - 1BR

1421 E 14 Mile Rd
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.

29606 Westbrook Pkwy

30256 Southfield Rd

1997 Henrietta St
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.

30438 Fairfax St
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 | $2,099 | $1,650 | $2,500 |
| Franklin 3 Bedroom Homes for Rent | $2,360 | $1,850 | $3,300 |
| Franklin 4 Bedroom Homes for Rent | $7,200 | $2,300 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 7 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
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Cheapest Available Franklin Apartments for Rent
 The cheapest available apartment rental in the Franklin area of Detroit, MI is a 2 Beds unit found at The Lakes priced from $990. 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 |
|---|---|---|---|
| The Lakes | 2 Bed 1 Bath | 2BR,1BA | $990 |
| Philamer | One Bed | 1BR,1BA | $1,000 |
| Parkview Apartments | One Bedroom | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Franklin, MI
As of December 25, 2025 the best value apartment in the Franklin area is the $1.55 price per square foot Georgetown Model at Spring Haven in the in the Fries Park neighborhood starting from $2,599. The second greatest value Franklin apartment is the 2 Bed 2 Bath - 1440 sf Model at Glens of Bloomfield starting at $1,680 with a $1.17 price per square foot in the Northwestern Highway 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. |
|---|---|---|---|
| Spring Haven | Georgetown | 2BR,2.5BA | $1.55 |
| Glens of Bloomfield | 2 Bed 2 Bath - 1440 sf | 2BR,2BA | $1.17 |
| Lancaster Hills | Bolingbroke | 2BR,2BA | $1.38 |
| Claymoor Luxury Apartments | Claymoor | 2BR,2BA | $1.58 |
| Colony Park Apartments | The Cheshire (2BR / 2BA) | 2BR,2BA | $1.31 |
| The Lakes | 2 BED 2 BATH CLUBHSE | 2BR,2BA | $1.48 |
| Corner Place | One Bedroom | 1BR,1BA | $1.17 |
| Cranbrook Centre - Southfield, MI | 1 Bedroom | 1BR,1BA | $1.47 |
| Kensington At Beverly Hills | Doheny | 1BR,1BA | $1.58 |
| Philamer | One Bed | 1BR,1BA | $1.35 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick 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.
Pet Friendly LifestyleFranklin, Farmington, MI
Ranked #15
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Franklin, Farmington, MI
Bingham Farms Elementary School
School data provided by Great Schools
Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 38 Apartments for Rent in Franklin, MI with pricing that ranges from $825 to $3,500. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $1,300 to $16,000.
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 $1,300 to $16,000 with an average monthly rent of $3,249.
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 $3,275, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,300. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,435.
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!