
Cheap Homes for Rent in Franklin, AL from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.


1310 Gregory St

154 E University Dr

144 E University Dr

324 Forest Rd

410 Howard Rd

1232 Martin Luther King Dr

1301 Adams St
Franklin, AL Local Guide

How much does it cost to rent a home in Franklin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Franklin 2 Bedroom Homes for Rent | $1,633 | $1,400 | $1,900 |
Franklin 3 Bedroom Homes for Rent | $2,164 | $1,400 | $3,800 |
Franklin 4 Bedroom Homes for Rent | $2,453 | $1,775 | $3,200 |
Franklin 5 Bedroom Homes for Rent | $3,697 | $3,495 | $3,900 |
Franklin 7 Bedroom Homes for Rent | $650 | $650 | $650 |
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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 1 Bed unit found at The Rosemary in the Halcyon Park neighborhood priced from $897. Shepherds Cove Apartments in the North Auburn neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $925. Here is today’s list of the most affordable Franklin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Rosemary | One Bedroom One Bath | 1BR,1BA | $897 |
Shepherds Cove Apartments | 2 Bed x 1.5 Bath Townhome | 2BR,1BA | $925 |
The Fairways at Auburn I/II | Classic Deluxe II/IV | 1BR,1BA | $965 |
Best Value Apartments for Rent in Franklin, AL and Nearby
As of August 11, 2025 the best value apartment in the Franklin area is the $0.55 price per square foot Home Model at Coach's Corner in the in the North Auburn neighborhood starting from $1,150. The second greatest value Franklin apartment is the The ONE~22 Model at THE ONE-AUBURN starting at $2,000 with a $1.17 price per square foot in the North 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. |
---|---|---|---|
Coach's Corner | Home | 5BR,5.5BA | $0.55 |
THE ONE-AUBURN | The ONE~22 | 3BR,3.5BA | $1.17 |
Barrington Place | Ellington | 2BR,2BA | $1.12 |
Creekside of Auburn | 3 Bedroom Flat | 3BR,3BA | $0.70 |
Berry Hill Apartments | TWO BEDROOM | 2BR,2BA | $1.47 |
Broadstreet at EastChase | 2 BR 1 BA (984 SF) | 2BR,1BA | $1.46 |
Oakley Cove Apartments | Oakley Villa | 2BR,1BA | $1.66 |
Shepherds Cove Apartments | 2 Bed x 1.5 Bath Townhome | 2BR,1.5BA | $1.09 |
Summer Wind Apartments | 1x1 | 1BR,1BA | $1.47 |
The Rosemary | One Bedroom One Bath | 1BR,1BA | $1.38 |
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Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 43 Apartments for Rent in Franklin, AL with pricing that ranges from $560 to $2,500. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $650 to $3,900.
What is the current price range for Rental Homes in Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $650 to $3,900 with an average monthly rent of $1,932.
How much are larger Three and Four Bedroom Rentals in Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $610 to $2,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $3,800. Four Bedroom Single-Family rentals are also available starting from $1,775 and Four Bedroom Apartments start at $560.
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.