Cheap Apartments for Rent in Franklin, AL from $500 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in Franklin.

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The Rosemary
Rent Specials
$920 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$920 - $1,700
Total Monthly Price
$920 - $1,700
1 to 3 Bedroom Apartments Available Now

The Rosemary

135 Hambleton RdMontgomery, AL 36117
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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Arbors On Taylor
$1,024 - $1,615
Total Monthly Price

Total Monthly Price

Base Rent
$1,024 - $1,615
Total Monthly Price
$1,024 - $1,615
1 Bedroom Apartments Available May 7

Arbors On Taylor

485 Taylor RdMontgomery, AL 36117
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Summer Brooke Apartments
$1,100 - $1,285
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,285
Total Monthly Price
$1,100 - $1,285
1 to 2 Bedroom Apartments Contact Us For Availability

Summer Brooke Apartments

425 Opelika RdAuburn, AL 36830
Student Housing
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  • Customer Reviewed
  • Utilities Included
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Grayton on Dean
$1,137 - $1,667
Total Monthly Price

Total Monthly Price

Base Rent
$1,137 - $1,667
Total Monthly Price
$1,137 - $1,667
1 to 3 Bedroom Apartments Available Now

Grayton on Dean

420 N Dean RdAuburn, AL 36830
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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Club 34
$1,175 - $1,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $1,550
Total Monthly Price
$1,175 - $1,550
1 to 3 Bedroom Apartments Available Now

Club 34

1000 N Donahue DrAuburn, AL 36832
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Domain On Donahue
$1,200 - $1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,500
Total Monthly Price
$1,200 - $1,500
2 Bedroom Apartments Available Aug 14

The Domain On Donahue

1001 N Donahue DrAuburn, AL 36832
Student Housing
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  • Customer Reviewed
  • Utilities Included
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Peppertree
$1,269 - $1,814
Total Monthly Price

Total Monthly Price

Base Rent
$1,269 - $1,814
Total Monthly Price
$1,269 - $1,814
1 to 3 Bedroom Apartments Available Now

Peppertree

8201 Vaughn RdMontgomery, AL 36116
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Barrington Place
$1,444 - $1,754
Total Monthly Price

Total Monthly Price

Base Rent
$1,444 - $1,754
Total Monthly Price
$1,444 - $1,754
1 to 3 Bedroom Apartments Available Now

Barrington Place

280 New Haven BlvdMontgomery, AL 36117
Outdoors
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  • Customer Reviewed
  • 3D Tour
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Woodland Hills
1 to 2 Bedroom Apartments

Woodland Hills

830 N Donahue DrAuburn, AL 36832
  • Utilities Included

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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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.

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Showing Results 1-39, Page 1 of 1

Franklin, AL Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, AL is a 4 Beds unit found at The Quarters Auburn in the North Auburn neighborhood priced from $590. 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 ListingModel NameBed/BathPriced From
The Quarters Auburn4x44BR,4BA$590
The Greens at Auburn I/IIClassic Deluxe II1BR,1BA$965
The Fairways at Auburn I/IIClassic Deluxe II/IV1BR,1BA$965
The RosemaryOne Bedroom One Bath1BR,1BA$975
Oakley Cove Apartments2 Beds, 1 bath2BR,1BA$1,025
Grayton on Dean1A1BR,1BA$1,137
Club 341x11BR,1BA$1,175
Village West Apartments IIThe Nova2BR,2BA$1,220
PeppertreeClassic - Cypress1BR,1BA$1,269
The Grove at Stone Park1 Bedroom1BR,1BA$1,300

Best Value Apartments for Rent in Franklin, AL and Nearby

As of April 25, 2026 the best value apartment in the Franklin area is the $1.40 price per square foot The ONE~22 Model at THE ONE-AUBURN in the in the North Auburn neighborhood starting from $2,400. The second greatest value Franklin apartment is the 3 Bedroom Duplex Model at Creekside of Auburn starting at $945 with a $0.66 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 ListingModel NameBed/BathPrice Per Sq.Ft.
THE ONE-AUBURNThe ONE~223BR,3.5BA$1.40
Creekside of Auburn3 Bedroom Duplex3BR,3BA$0.66
The Quarters Auburn4x44BR,4BA$0.42
Asbury HillsSandhurst2BR,2.5BA$1.36
Verandas at Mitylene33BR,2BA$1.24
319 Bragg2 Bedroom 2 Bathroom B12BR,2BA$1.45
Barrington PlaceDalton1BR,1BA$1.44
The Grove at Stone Park1 Bedroom1BR,1.5BA$1.29
Village West Apartments IIThe Nova2BR,2BA$1.24
Club 341x11BR,1BA$1.47

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The 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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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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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Franklin, AL Rentals by Map

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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 $920 at The Rosemary.

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

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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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.