Cheap Apartments for Rent in the Olde Franklin Town Neighborhood of Farmington, MI from $800 (24 Rentals)

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

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.

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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.

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Imperial Apartments
Studio to 3 Bedroom Apartments

Imperial Apartments

27600 Franklin RdSouthfield, MI 48034
  • Utilities Included
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Pebble Creek
1 to 3 Bedroom Apartments

Pebble Creek

28600 Pebblecreek PkySouthfield, MI 48034
  • Utilities Included
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Wakefield Apartments
2 to 3 Bedroom Apartments

Wakefield Apartments

29090 Tiffany Dr ESouthfield, MI 48034
  • Utilities Included

Cash 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.

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Showing Results 1-24, Page 1 of 1

Olde Franklin Town, Farmington, MI Local Guide

Cheapest Available Olde Franklin Town Apartments for Rent

 

The cheapest available apartment rental in the Olde Franklin Town area of Detroit, MI is a 1 Bed unit found at Regal Towers priced from $819. Pine Aire has the second lowest priced unit, which is a Studio apartment currently listed from $915. Here are the most affordable Olde Franklin Town apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Regal Towers1 Bedroom1BR,1BA$819
Pine AireStudioStudio,1BA$915
The FranklinStudio - AStudio,1BA$1,005
The Lakes2 Bed 1 Bath2BR,1BA$1,025
The PinesOne Bedroom1BR,1BA$1,055

Best Value Apartments for Rent in Olde Franklin Town, MI

As of May 06, 2026 the best value apartment in the Olde Franklin Town area is the $0.85 price per square foot Bergamot Model at Hunters Ridge in the in the Woodcreek neighborhood starting from $1,480. The second greatest value Olde Franklin Town apartment is the The Andover Model at Edge At Farmington Hills - Farmington Hills, MI starting at $2,025 with a $1.21 price per square foot in the Woodcreek neighborhood. Here is today’s list of the best values for Olde Franklin Town apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hunters RidgeBergamot2BR,2BA$0.85
Edge At Farmington Hills - Farmington Hills, MIThe Andover2BR,2BA$1.21
Carnegie Park ApartmentsC3 Renovated2BR,2BA$1.37
Uptown 11 Townhouses2 Bedroom 1.5 Bath2BR,1.5BA$1.42
Pebble Creek2 Bed 2 Bath2BR,2BA$1.21
Retreat at FarmingtonTidewater1BR,1BA$1.63
Regal Towers2 Bedroom2BR,1BA$1.16
The PinesOne Bedroom1BR,1BA$1.26
The Lakes1 BED 1 BATH STYLE A1BR,1BA$1.53
The FranklinStudio - AStudio ,1BA$1.60

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.

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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.

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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.

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Pet Friendly Lifestyle
Olde Franklin Town, Farmington, MI

Ranked #17

Among cities in Michigan for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Olde Franklin Town, Farmington, MI

School data provided by Great Schools

Lifestyle Ratings

This website is happy to bring you comprehensive Lifestyle Ratings of rentals in areas across the United States including Olde Franklin Town, Farmington, and the greater Detroit area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Olde Franklin Town Apartments

What is the Cheapest Studio apartment in Olde Franklin Town?

Currently the most affordable Cheap Studio Apartment in Olde Franklin Town is at Pine Aire listed at $915.

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

The lowest price for a Cheap One Bedroom Olde Franklin Town Apartment is $819 at Regal Towers.

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

Today's best deal for a Cheap Two Bedroom Apartment in Olde Franklin Town is starting from $999 at Regal Towers.

What is the most affordable Olde Franklin Town Three Bedroom Apartment?

The best deal on a cheap Olde Franklin Town Three Bedroom Apartment rental is at Regal Towers and starts from $1,299.

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 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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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.

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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.

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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

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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.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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.