
Cheap Homes for Rent in Franklin, AL from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.


1 Redbud Ct

248 E Veterans Blvd
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.

144 E University Dr

307 E Veterans Blvd

2805 Camellia St
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

How much does it cost to rent a home in Franklin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Franklin 2 Bedroom Homes for Rent | $1,325 | $775 | $1,800 |
Franklin 3 Bedroom Homes for Rent | $1,884 | $1,250 | $2,700 |
Franklin 4 Bedroom Homes for Rent | $2,591 | $2,100 | $3,550 |
Franklin 5 Bedroom Homes for Rent | $3,325 | $2,700 | $4,300 |
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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 2 Beds unit found at Shepherds Cove Apartments in the North Auburn neighborhood priced from $925. The Fairways at Auburn I/II in the South Auburn neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $935. Here is today’s list of the most affordable Franklin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
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 | $935 |
The Greens at Auburn I/II | Classic Deluxe II | 1BR,1BA | $935 |
Best Value Apartments for Rent in Franklin, AL and Nearby
As of June 25, 2025 the best value apartment in the Franklin area is the $1.52 price per square foot The ONE~22 Model at THE ONE-AUBURN in the in the North Auburn neighborhood starting from $2,600. The second greatest value Franklin apartment is the 3 Bedroom Model at The Grove at Stone Park starting at $1,569 with a $1.02 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 ONE-AUBURN | The ONE~22 | 3BR,3.5BA | $1.52 |
The Grove at Stone Park | 3 Bedroom | 3BR,2BA | $1.02 |
Creekside of Auburn | 3 Bedroom Flat | 3BR,3BA | $0.70 |
319 Bragg | 2 Bedroom 2 Bathroom B1 | 2BR,2BA | $1.37 |
Verandas at Mitylene | 2 | 2BR,1BA | $1.25 |
The Mill at Auburn | B1 Flooring | 2BR,2BA | $1.05 |
Oakley Cove Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.16 |
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 | $1.50 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 42 Apartments for Rent in Franklin, AL with pricing that ranges from $560 to $5,750. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $775 to $4,300.
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 $775 to $4,300 with an average monthly rent of $2,035.
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 $3,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,700. Four Bedroom Single-Family rentals are also available starting from $2,100 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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.