
Cheap Homes for Rent in Olde Franklin Town Neighborhood of Farmington, MI from $1,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Olde Franklin Town area of Farmington.


29860 W 12 Mile Rd
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.

30042 W 12 Mile Rd, Unit 56

29880 W 12 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.

27689 Echo Valley W
Olde Franklin Town, Farmington, MI Local Guide

How much does it cost to rent a home in Olde Franklin Town?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olde Franklin Town 2 Bedroom Homes for Rent | $1,562 | $1,500 | $1,600 |
| Olde Franklin Town 3 Bedroom Homes for Rent | $3,500 | $2,500 | $4,500 |
| Olde Franklin Town 4 Bedroom Homes for Rent | $3,622 | $2,495 | $4,750 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Olde Franklin Town Neighborhood of Farmington, MI.
Explore Farmington
Olde Franklin Town, Farmington, MI Local Guide
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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 $849. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Regal Towers | 1 Bedroom | 1BR,1BA | $849 |
| Pine Aire | Studio | Studio,1BA | $915 |
| The Franklin | Studio - A | Studio,1BA | $1,005 |
Best Value Apartments for Rent in Olde Franklin Town, MI
As of June 15, 2026 the best value apartment in the Olde Franklin Town area is the $1.63 price per square foot North - 2 Bedroom 2.5 Bath Townhome Model at Weatherstone Townhomes in the in the Woodcreek neighborhood starting from $2,770. The second greatest value Olde Franklin Town apartment is the Magnolia Model at Hunters Ridge starting at $2,275 with a $1.37 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Weatherstone Townhomes | North - 2 Bedroom 2.5 Bath Townhome | 2BR,2.5BA | $1.63 |
| Hunters Ridge | Magnolia | 3BR,2.5BA | $1.37 |
| The Lakes | 3 Bed 1.5 Bath | 3BR,1.5BA | $1.44 |
| Uptown 11 Townhouses | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.45 |
| Carnegie Park Apartments | A2 Renovated | 1BR,1BA | $1.52 |
| Retreat at Farmington | Tidewater | 1BR,1BA | $1.63 |
| The Pines | One Bedroom | 1BR,1BA | $1.26 |
| Kendallwood Apartments | Birch | 1BR,1BA | $1.54 |
| Regal Towers | 1 Bedroom | 1BR,1BA | $1.29 |
| The Franklin | Studio - A | Studio ,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.
Read ArticleReal 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 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 LifestyleOlde Franklin Town, Farmington, MI
Ranked #19
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Olde Franklin Town, Farmington, MI
Wood Creek Elementary School
School data provided by Great Schools
Frequently Asked Questions about Olde Franklin Town
What type of rentals are currently available in Olde Franklin Town?
There are currently 48 Apartments for Rent in Olde Franklin Town, MI with pricing that ranges from $849 to $3,900. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olde Franklin Town ranging from $1,180 to $4,750.
What is the current price range for Rental Homes in Olde Franklin Town?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Olde Franklin Town ranges from $1,180 to $4,750 with an average monthly rent of $2,466.
How much are larger Three and Four Bedroom Rentals in Olde Franklin Town?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Olde Franklin Town range from $1,349 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,495 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

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
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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
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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.