2038 Lee Rd 137
AuburnAL36832
Cheap Homes for Rent in Franklin, AL from $500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
626 Shug Jordan Pkwy
AuburnAL36832
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
416 St James Church Loop
Pike RoadAL36064
130 Lee Dr
AuburnAL36832
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.
168 E University Dr
AuburnAL36832
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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 | $1,923 | $1,400 | $2,295 |
| Franklin 3 Bedroom Homes for Rent | $2,008 | $1,295 | $2,550 |
| Franklin 4 Bedroom Homes for Rent | $2,373 | $505 | $2,900 |
| Franklin 5 Bedroom Homes for Rent | $2,900 | $2,600 | $3,200 |
Browse Top Homes for Rent in Franklin
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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 Quarters Auburn in the North Auburn neighborhood priced from $590. Atlas at Richland Road in the North Auburn neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $699. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Quarters Auburn | 4x4 | 4BR,4BA | $590 |
| Atlas at Richland Road | 3BR/2.5BA - Duplex - Furnished | 3BR,2BA | $699 |
| The Greens at Auburn I/II | Classic Deluxe II | 1BR,1BA | $965 |
Best Value Apartments for Rent in Franklin, AL and Nearby
As of June 12, 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 Greenwich Model at The Standard at Auburn starting at $1,638 with a $0.93 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 | 4 Bedroom Villa | 4BR,2.5BA | $0.83 |
| The Standard at Auburn | Greenwich | 5BR,5BA | $0.93 |
| Creekside of Auburn | 4 Bedroom Townhome | 4BR,4BA | $0.51 |
| THE ONE-AUBURN | The ONE~22 | 3BR,3.5BA | $1.40 |
| The Grove at Stone Park | 3 Bedroom | 3BR,2BA | $1.07 |
| The Domain On Donahue | Middle Two Bedroom 1/2 Bath Platinum | 2BR,2.5BA | $1.03 |
| The Quarters Auburn | 4x4 | 4BR,4BA | $0.42 |
| Logan Square | C2 | 3BR,3BA | $0.65 |
| 319 Bragg | 3 Bedroom 3 Bathroom C1 | 3BR,3BA | $1.11 |
| The Mill at Auburn | 2BR/2BA - B1 Standard - LVP | 2BR,2BA | $0.97 |
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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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.
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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 51 Apartments for Rent in Franklin, AL with pricing that ranges from $540 to $6,500. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $505 to $3,200.
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 $3,200 with an average monthly rent of $2,000.
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 $699 to $3,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $2,550. 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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.