
Cheap Apartments for Rent in Franklin, AL from $500 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.


Notasulga Villas

Shepherds Cove Apartments

The Greens at Auburn I/II

The Fairways at Auburn I/II

Grayton on Dean
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.

Oakley Cove Apartments

The Rosemary

Summer Brooke Apartments

Arbors On Taylor

Village West Apartments II

Atlas at Richland Road
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.

Club 34

The Domain On Donahue

Woodland Hills

813 Azalea St

208 Webb Ave

Campus Courtyard @ Glenn Campus
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Franklin, AL Local Guide

How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments | $1,865 | $1,665 | $1,990 |
| Franklin 1 Bedroom Apartments | $1,414 | $662 | $2,275 |
| Franklin 2 Bedroom Apartments | $1,573 | $765 | $2,831 |
| Franklin 3 Bedroom Apartments | $1,821 | $645 | $3,900 |
| Franklin 4 Bedroom Apartments | $1,638 | $515 | $5,000 |
| Franklin 5 Bedroom Apartments | $2,210 | $1,179 | $6,500 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, AL Local Guide
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Cheapest Available Franklin Apartments for Rent and Nearby
 The cheapest available apartment rental in Franklin, AL is a 4 Beds unit found at The Beacon in the North Auburn neighborhood priced from $630. The Greens at Auburn I/II in the South Auburn neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $965. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Beacon | 4x4 | 4BR,4BA | $630 |
| The Greens at Auburn I/II | Classic Deluxe II | 1BR,1BA | $965 |
| Grayton on Dean | 1A | 1BR,1BA | $1,020 |
| Oakley Cove Apartments | 2 Beds, 1 bath | 2BR,1BA | $1,025 |
| The Fairways at Auburn I/II | Custom Deluxe III with breezeway | 1BR,1BA | $1,040 |
Best Value Apartments for Rent in Franklin, AL and Nearby
As of January 23, 2026 the best value apartment in the Franklin area is the $0.83 price per square foot 4 Bedroom Villa Model at Stone Park Villas in the in the Outer East neighborhood starting from $2,000. The second greatest value Franklin apartment is the 4 Beds, 5.5 baths Model at 406 N Donahue Dr starting at $1,200 with a $0.57 price per square foot in the Downtown Auburn 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. |
|---|---|---|---|
| Stone Park Villas | 4 Bedroom Villa | 4BR,2.5BA | $0.83 |
| 406 N Donahue Dr | 4 Beds, 5.5 baths | 4BR,5.5BA | $0.57 |
| THE ONE-AUBURN | The ONE~22 | 3BR,3.5BA | $1.40 |
| The Grove at Stone Park | 3 Bedroom | 3BR,2BA | $1.07 |
| The Beacon | 4x4 | 4BR,4BA | $0.45 |
| Creekside of Auburn | 4 Bedroom Manor | 4BR,4BA | $0.72 |
| Berry Hill Apartments | TWO BEDROOM | 2BR,2BA | $1.37 |
| Riverwalk Auburn | 2 BED/ 2 BATH WITH BONUS ROOM | 2BR,2BA | $1.01 |
| Broadstreet at EastChase Apartments | 2 BR 1 BA (984 SF) | 2BR,1BA | $1.40 |
| Village West Apartments II | The Nova | 2BR,2BA | $1.24 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin, AL Rentals by Map
See the most popular apartments and homes in Franklin, AL
Frequently Asked Questions about Cheap Franklin Apartments
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $965 at The Greens at Auburn I/II.
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 $1,025 at Oakley Cove Apartments.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Oakley Cove Apartments and starts from $1,125.
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.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.