Cheap Apartments for Rent in Franklin, CT from $700 (10 Rentals)

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

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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Franklin, CT Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, CT is a 1 Bed unit found at Oxoboxo Lofts in the Northeast New London Norwich neighborhood priced from $922. Mohegan Commons Apartments in the Northeast New London Norwich neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oxoboxo Lofts1 Bedroom1BR,1BA$922
Mohegan Commons ApartmentsThe Village - 1 Bedroom1BR,1BA$1,000
Norwich11BR,1BA$1,025

Best Value Apartments for Rent in Franklin, CT and Nearby

As of August 13, 2025 the best value apartment in the Franklin area is the $1.18 price per square foot PM2cF-T Model at The Lofts at Ponemah Mills in the in the Northeast New London Norwich neighborhood starting from $1,346. The second greatest value Franklin apartment is the Deluxe 2 BR / 2 BTH at Knollwood Apartments Model at Knollwood starting at $2,105 with a $2.08 price per square foot in the Mansfield Tolland Willington neighborhood. 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.
The Lofts at Ponemah MillsPM2cF-T2BR,2BA$1.18
KnollwoodDeluxe 2 BR / 2 BTH at Knollwood Apartments2BR,2BA$2.08
Thamesview Apartments2 Bedroom2BR,1BA$1.84
Colchester EstatesBeautiful Remodeled and Upgraded Townhouse in C...2BR,1BA$1.80
Ivy Garden ApartmentsTwo Bedroom2BR,1BA$1.78
Mohegan Commons ApartmentsThe Park - 2 Bedroom2BR,1BA$1.69
The Terraces Apartments2 Bedroom2BR,1BA$2.06
Norwich11BR,1BA$1.37
Summitwoods Apartments1 Bed1BR,1BA$1.93
Oxoboxo Lofts1 Bedroom1BR,1BA$1.49

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Getting Around Franklin, CT

Walk Score®

13 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

19 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Colonial Townhouse Apartments listed at $1,085.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $922 at Oxoboxo Lofts.

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 $1,275 at Norwich.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Mohegan Commons Apartments and starts from $1,400.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.