
Cheap Homes for Rent in Franklin, AL from $800 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.


1037 Stonegate Dr

208 Webb Ave
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.

2016 Rosie St

Campus Courtyard @ Glenn Campus

1986 Over Look Ct
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.
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 | $1,868 | $850 | $2,200 |
| Franklin 3 Bedroom Homes for Rent | $1,961 | $999 | $3,500 |
| Franklin 4 Bedroom Homes for Rent | $2,512 | $2,100 | $3,200 |
| Franklin 5 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
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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 4 Beds unit found at The Beacon in the North Auburn neighborhood priced from $630. The Rosemary in the Halcyon Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $828. 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 Rosemary | One Bedroom One Bath | 1BR,1BA | $828 |
| The Greens at Auburn I/II | Classic Deluxe II | 1BR,1BA | $965 |
Best Value Apartments for Rent in Franklin, AL and Nearby
As of December 09, 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 | Middle Two Bedroom 1/2 Bath Classic | 2BR,2.5BA | $0.82 |
| The Beacon | 4x4 | 4BR,4BA | $0.45 |
| Creekside of Auburn | 3 Bedroom Flat | 3BR,3BA | $0.70 |
| Barrington Place | Barimore AB | 2BR,2BA | $1.44 |
| The Grove at Stone Park | 1 Bedroom | 1BR,1.5BA | $1.29 |
| The Fairways at Auburn I/II | Classic Deluxe II with breezeway | 2BR,1BA | $1.24 |
| The Rosemary | One Bedroom One Bath | 1BR,1BA | $1.27 |
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 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 Franklin
What type of rentals are currently available in Franklin?
There are currently 46 Apartments for Rent in Franklin, AL with pricing that ranges from $515 to $6,500. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $850 to $3,500.
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 $850 to $3,500 with an average monthly rent of $2,178.
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 $645 to $3,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $999 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $515.
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

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.

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.