
Cheap Apartments for Rent in Franklin County, MO from $400 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin County.


Riverbend Estates Senior Community

Sullivan Family Apartments

St. Clair Plaza Apartments

Monroe Place
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.

Riverbend Estates II

6 S Center St

Shoe Factory Lofts

Stoneridge Townhomes

153 Virginia St
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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.
Franklin County, MO Local Guide

How much does it cost to rent an apartment in Franklin County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin County 1 Bedroom Apartments | $901 | $650 | $1,200 |
| Franklin County 2 Bedroom Apartments | $1,127 | $850 | $1,350 |
| Franklin County 3 Bedroom Apartments | $1,447 | $1,300 | $1,550 |
Browse Apartments in Franklin County
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 990 S Lay Ave | 990 South Lay | 1BR,1BA | $710 |
| Osage Estates Apartments | 1 Bed, 1 bath | 1BR,1BA | $850 |
| Summit Valley Apartments | One Bed, One Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 611 Palisades Dr, Unit 611 | 611 Palisades Dr | 3BR,1.5BA | $1.11 |
| Summit Valley Apartments | One Bed, One Bath | 1BR,1BA | $1.05 |
| Autumn Leaf Apartment Homes | 1 bedroom downstairs | 1BR,1BA | $1.24 |
| Osage Estates Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.24 |
| Chapel Ridge of Union | 1 Bedrooms | 1BR,1BA | $1.37 |
| 125 Crescent Lake Rd | 125 Crescent Lake Rd | 1BR,1BA | $1.04 |
| 990 S Lay Ave | 990 South Lay | 1BR,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

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.

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.

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.

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.