Cheap Apartments for Rent in Franklin, AR from $400 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in Franklin.

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.

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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.

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White River Commons
Studio to 1 Bedroom Apartments

White River Commons

1325 N Saint LouisBatesville, AR 72501
  • Utilities Included
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West End Social
Studio Apartments

West End Social

1350 Hwy 62 WMountain Home, AR 72653
  • Utilities Included
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West Towne Apartments
2 Bedroom Apartments

West Towne Apartments

2103 W Beebe Capps ExpySearcy, AR 72143
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Grand Apartments
1 to 2 Bedroom Apartments

Grand Apartments

38 Wall StMountain Home, AR 72653
  • Utilities Included

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.

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Franklin, AR Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, AR is a Studio unit found at The Heights Apartments priced from $450. Breckenridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $475. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Heights ApartmentsSmall StudioStudio,1BA$450
Breckenridge ApartmentsBreckenridge - 1 Bed 1 Bath no W/D Hookup1BR,1BA$475
Sugarloaf StudiosStudioStudio,1BA$575
The Vue on Self Circle1BR/1BA1BR,1BA$575
Park LakeStandard1BR,1BA$665
Meadow Lake Apartments1.11BR,1BA$675
Spring River CommonsStudioStudio,1BA$675
The Links at JonesboroCustom1BR,1BA$720
Tara Apartments2 bedroom apartment2BR,1BA$725
Gladiola EstatesStandard 2 Bedroom2BR,1BA$730

Best Value Apartments for Rent in Franklin, AR and Nearby

As of October 28, 2025 the best value apartment in the Franklin area is the $0.93 price per square foot 1501 Model at 2700 Burke Ave in the starting from $1,400. The second greatest value Franklin apartment is the 2 Bed 1.5 Bath - Morganne Dr Model at The Oak Townhomes starting at $850 with a $0.71 price per square foot . Here is today’s list of the best values for Franklin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2700 Burke Ave15012BR,1.5BA$0.93
The Oak Townhomes2 Bed 1.5 Bath - Morganne Dr2BR,1.5BA$0.71
Caraway CommonsThree Bedroom3BR,2BA$0.87
Creekside Village Townhomes2 Bedroom Townhome2BR,1BA$0.94
Cedar Manor Apartments2 bedroom x 1 bath2BR,1BA$1.04
Tara Apartments2 bedroom apartment2BR,1BA$0.97
Gladiola EstatesStandard 2 Bedroom2BR,1BA$1.04
The Vue on Self Circle2BR/1.5BA2BR,1.5BA$1.08
Breckenridge ApartmentsBreckenridge - 2 Bed 1 Bath2BR,1BA$0.93
The Heights ApartmentsSmall StudioStudio ,1BA$1.00

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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The 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Franklin, AR Rentals by Map

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See the most popular apartments and homes in Franklin, AR

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Frequently Asked Questions about Cheap Franklin Apartments

What is the Cheapest Studio apartment in Franklin?

Currently the most affordable Cheap Studio Apartment in Franklin is at The Heights Apartments listed at $450.

How much is rent for a Cheap One Bedroom Franklin Apartment?

The lowest price for a Cheap One Bedroom Franklin Apartment is $475 at Breckenridge Apartments.

What is the lowest price for a Cheap Two Bedroom Franklin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Franklin is starting from $565 at Breckenridge Apartments.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Courtyard @ The Corner and starts from $900.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.