Cheap Apartments for Rent in Franklin County, MO from $400 (10 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Monroe Place
Studio to 2 Bedroom Apartments

Monroe Place

1 Monroe WoodsPacific, MO 63069
  • Utilities Included

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.

close
View Me
Shoe Factory Lofts
Studio to 2 Bedroom Apartments

Shoe Factory Lofts

700 W 2nd StWashington, MO 63090
  • Utilities Included

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.

Cheapest Available Franklin County Apartments for Rent

 

The cheapest available apartment rental in Franklin County, MO is a 1 Bed unit found at 990 S Lay Ave priced from $710. Osage Estates Apartments in the Gray Summit neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Franklin County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
990 S Lay Ave990 South Lay1BR,1BA$710
Osage Estates Apartments1 Bed, 1 bath1BR,1BA$850
Summit Valley ApartmentsOne Bed, One Bath1BR,1BA$855

Best Value Apartments for Rent in Franklin County, MO

As of May 10, 2026 the best value apartment in the Franklin County area is the $1.11 price per square foot 611 Palisades Dr Model at 611 Palisades Dr, Unit 611 in the starting from $1,000. The second greatest value Franklin County apartment is the One Bed, One Bath Model at Summit Valley Apartments starting at $855 with a $1.05 price per square foot in the Gray Summit neighborhood. Here is today’s list of the best values for Franklin County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
611 Palisades Dr, Unit 611611 Palisades Dr3BR,1.5BA$1.11
Summit Valley ApartmentsOne Bed, One Bath1BR,1BA$1.05
Autumn Leaf Apartment Homes1 bedroom downstairs1BR,1BA$1.24
Osage Estates Apartments1 Bed, 1 bath1BR,1BA$1.24
Chapel Ridge of Union1 Bedrooms1BR,1BA$1.37
125 Crescent Lake Rd125 Crescent Lake Rd1BR,1BA$1.04
990 S Lay Ave990 South Lay1BR,1BA$1.42

Frequently Asked Questions about Cheap Franklin County Apartments

What is the price of a cheap apartment in Franklin County?

The cheapest apartment in Franklin County is 990 S Lay Ave which is listed at $710, while the average apartment in Franklin County costs $1,447.

What types of apartments are the cheapest in Franklin County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Franklin County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Franklin County?

Cheap apartments in Franklin County have an average cost of $249 which is $1,198 cheaper than the average rent for all rentals in Franklin County.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.