Cheap Apartments for Rent in Franklin, AL from $500 (18 Rentals)

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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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Woodland Hills
1 to 2 Bedroom Apartments

Woodland Hills

830 N Donahue DrAuburn, AL 36832
  • Utilities Included
property at 813 Azalea St

$800 - $850

2 Bedroom Rentals

Available Now

813 Azalea St

TallasseeAL36078

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

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 ListingModel NameBed/BathPriced From
The Beacon4x44BR,4BA$630
The Greens at Auburn I/IIClassic Deluxe II1BR,1BA$965
Grayton on Dean1A1BR,1BA$1,020
Oakley Cove Apartments2 Beds, 1 bath2BR,1BA$1,025
The Fairways at Auburn I/IICustom Deluxe III with breezeway1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Stone Park Villas4 Bedroom Villa4BR,2.5BA$0.83
406 N Donahue Dr4 Beds, 5.5 baths4BR,5.5BA$0.57
THE ONE-AUBURNThe ONE~223BR,3.5BA$1.40
The Grove at Stone Park3 Bedroom3BR,2BA$1.07
The Beacon4x44BR,4BA$0.45
Creekside of Auburn4 Bedroom Manor4BR,4BA$0.72
Berry Hill ApartmentsTWO BEDROOM2BR,2BA$1.37
Riverwalk Auburn2 BED/ 2 BATH WITH BONUS ROOM2BR,2BA$1.01
Broadstreet at EastChase Apartments2 BR 1 BA (984 SF)2BR,1BA$1.40
Village West Apartments IIThe Nova2BR,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.

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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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Remember the 3 Rules of Real Estate:
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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 $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

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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.

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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.

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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.

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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.