2038 Lee Rd 137
AuburnAL36832
Cheap Homes for Rent near Franklin, AL from $500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
416 St James Church Loop
Pike RoadAL36064
1100 Stonegate Dr
AuburnAL36832
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1825 Wire Rd
AuburnAL36832
1893 Bellwood Pl
AuburnAL36832
447 W Longleaf Dr
AuburnAL36832
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Franklin, AL Local Guide
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How much does it cost to rent a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,643 | $1,250 | $1,975 |
| Franklin 3 Bedroom Homes for Rent | $1,983 | $1,200 | $2,500 |
| Franklin 4 Bedroom Homes for Rent | $2,378 | $505 | $2,900 |
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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 Mill at Auburn in the North Auburn neighborhood priced from $655. Atlas at Richland Road in the North Auburn neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $709. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Mill at Auburn | 4BR/4BA - D1 Luxe | 4BR,4BA | $655 |
| Atlas at Richland Road | 3BR/2.5BA - Duplex - Furnished | 3BR,2BA | $709 |
| The Greens at Auburn I/II | Classic Deluxe II | 1BR,1BA | $965 |
Best Value Apartments for Rent in Franklin, AL and Nearby
As of July 28, 2026 the best value apartment in the Franklin area is the $0.73 price per square foot 5 Bedroom Villa Model at Stone Park Villas in the in the Outer East neighborhood starting from $2,050. The second greatest value Franklin apartment is the 4 Bedroom Townhome Model at Creekside of Auburn starting at $899 with a $0.51 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stone Park Villas | 5 Bedroom Villa | 5BR,2.5BA | $0.73 |
| Creekside of Auburn | 4 Bedroom Townhome | 4BR,4BA | $0.51 |
| The Grove at Stone Park | 3 Bedroom | 3BR,2BA | $1.08 |
| Asbury Hills | Flintrock | 3BR,2.5BA | $1.79 |
| Barrington Place | Ellington | 2BR,2BA | $1.14 |
| 319 Bragg | 3 Bedroom 3 Bathroom C1 | 3BR,3BA | $1.11 |
| Oakley Cove Apartments | Oakley Villa | 2BR,1BA | $1.66 |
| The Mill at Auburn | 2BR/2BA - B1 Elite | 2BR,2BA | $1.08 |
| Club 34 | 1x1 | 1BR,1BA | $1.56 |
| The Rosemary | One Bedroom One Bath | 1BR,1BA | $1.72 |
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 Article
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 50 Apartments for Rent in Franklin, AL with pricing that ranges from $540 to $6,500. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $505 to $5,500.
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 $505 to $5,500 with an average monthly rent of $2,560.
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 $709 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,500. Four Bedroom Single-Family rentals are also available starting from $505 and Four Bedroom Apartments start at $540.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.