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Cheap Apartments for Rent in Franklin, AL from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.
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$6621 Bedroom Apartments Contact Us For Availability
Notasulga Villas
66 Gerald Robinson DrNotasulga, AL 36866
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$895 - $9852 to 3 Bedroom Apartments Contact Us For Availability
Shepherds Cove Apartments
1330 Shug Jordan PkyAuburn, AL 36832
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$965 - $2,1951 to 2 Bedroom Apartments Available Now
The Greens at Auburn I/II
4315 Golf Club DrAuburn, AL 36830
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$965 - $1,1951 to 2 Bedroom Apartments Contact Us For Availability
The Fairways at Auburn I/II
4315 Golf Club DrAuburn, AL 36830
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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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Rent Specials
$1,000 - $1,3091 to 3 Bedroom Apartments Available Now
The Rosemary
135 Hambleton RdMontgomery, AL 36117
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$1,025 - $1,4952 to 3 Bedroom Apartments Available Now
Oakley Cove Apartments
818 Bedell AveAuburn, AL 36832
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$1,050 - $1,2351 to 2 Bedroom Apartments Available Now
Summer Brooke Apartments
425 Opelika RdAuburn, AL 36830
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$1,075 - $4,760Studio to 4 Bedroom Apartments Available Aug 14, 2026
Atlas at Richland Road
1550 Richland RdAuburn, AL 36832
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$1,090 - $2,0611 to 3 Bedroom Apartments Available Now
Village West Apartments II
1449 Richland RdAuburn, AL 36832
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.
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Franklin, AL Local Guide
Wooded drive by formulanone is licensed under CC BY 2.0
How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments | $1,830 | $1,665 | $1,950 |
| Franklin 1 Bedroom Apartments | $1,367 | $662 | $2,175 |
| Franklin 2 Bedroom Apartments | $1,384 | $815 | $2,666 |
| Franklin 3 Bedroom Apartments | $1,585 | $639 | $3,600 |
| Franklin 4 Bedroom Apartments | $1,470 | $515 | $4,760 |
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 $590. Logan Square in the Downtown Auburn neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $790. 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 | $590 |
| Logan Square | C3 Townhome | 3BR,3BA | $790 |
| 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 |
Best Value Apartments for Rent in Franklin, AL and Nearby
As of October 24, 2025 the best value apartment in the Franklin area is the $0.56 price per square foot The Balcony - 5 Bed/5.5 Bath - Individual Lease Model at The Balcony Auburn in the in the Downtown Auburn neighborhood starting from $1,375. The second greatest value Franklin apartment is the 4 Bedroom Villa Model at Stone Park Villas starting at $2,000 with a $0.83 price per square foot in the Outer East 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. |
|---|---|---|---|
| The Balcony Auburn | The Balcony - 5 Bed/5.5 Bath - Individual Lease | 5BR,5.5BA | $0.56 |
| Stone Park Villas | 4 Bedroom Villa | 4BR,2.5BA | $0.83 |
| THE ONE-AUBURN | The ONE~22 | 3BR,3.5BA | $1.17 |
| The Domain On Donahue | Two Bedroom Two and 1/2 Bath Premium | 2BR,2.5BA | $1.00 |
| The Beacon | 4x4 | 4BR,4BA | $0.42 |
| Creekside of Auburn | 3 Bedroom Flat | 3BR,3BA | $0.70 |
| 319 Bragg | 2 Bedroom 2 Bathroom B1 | 2BR,2BA | $1.41 |
| Barrington Place | Britannia | 2BR,2BA | $1.40 |
| Riverwalk Auburn | 2 BED/ 2 BATH WITH BONUS ROOM | 2BR,2BA | $1.01 |
| Summer Wind Apartments | 1x1 | 1BR,1BA | $1.47 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
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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
Getting Around Franklin, AL
Walk Score®
2 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
22 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Logan Square and starts from $790.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.