
Cheap Apartments for Rent near Franklin, CT from $900 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.


560 On Main

Amston Village - Active 55+

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Colonial Townhouse Apartments

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Meadow Ridge Apartment Homes

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The Lofts at Ponemah Mills

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Meadowbrook Gardens

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Blackstone Apartments

Artspace Windham
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Terraces Apartments

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Water Street Lofts

88-98 Chestnut St

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Country Place

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Norwich

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Fox Run Apartments

Kingswood Apartments

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Summitwoods Apartments

Orchard Acres Apartments 0.1 mile from Campus
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Hamilton Park

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Ivy Garden Apartments

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Cedar Glen Apartments

Woodlawn Apartments

6 S 5th Ave, Unit 6B

35 Chestnut St

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Thamesview Apartments

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Colchester Estates

Beacon Point Homes - Trident Park
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Wyndham Park

Rose Hill Apartments

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ReNew Norwich

70 Hamilton Ave, Unit B

Oxoboxo Lofts

389 Wyassup Rd

Village Court

11.5 S 3rd Ave

Woods Edge
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.

Wequonnoc Village Apartments

Reid & Hughes

8 White Oak Rd

640 Williams St

Four Seasons of Colchester

221 Old Pond Ln

52 Carol Ave

6 Carolina Dr

55 Hedge Ave
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.

The Oaks on The Square

279 Talman Street Extension
Franklin, CT Local Guide

How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments | $1,322 | $1,050 | $1,500 |
| Franklin 1 Bedroom Apartments | $1,515 | $1,000 | $2,269 |
| Franklin 2 Bedroom Apartments | $1,878 | $995 | $3,284 |
| Franklin 3 Bedroom Apartments | $2,179 | $1,259 | $2,967 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, CT Local Guide
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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. Village 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oxoboxo Lofts | 1 Bedroom | 1BR,1BA | $922 |
| Village Apartments | 1 Bedroom / 1 Bath | 1BR,1BA | $1,000 |
| 560 On Main | SM Studio | Studio,1BA | $1,050 |
| Amston Village - Active 55+ | One Bedroom | 1BR,1BA | $1,063 |
| Colonial Townhouse Apartments | Studio | Studio,1BA | $1,100 |
| The Lofts at Ponemah Mills | PM1aF-T | 1BR,1BA | $1,239 |
| Knollwood | Spacious 1 Bedroom Apartment Near UConn | Reduc... | 1BR,1BA | $1,375 |
| Water Street Lofts | Studio | Studio,1BA | $1,400 |
| 88-98 Chestnut St | 1BR | 1BR,1BA | $1,450 |
| Norwich | Two Bedroom | 2BR,1BA | $1,450 |
Best Value Apartments for Rent in Franklin, CT and Nearby
As of August 15, 2026 the best value apartment in the Franklin area is the $1.29 price per square foot 2 Bedroom Model at The Terraces Apartments in the in the Northeast New London Norwich neighborhood starting from $1,595. The second greatest value Franklin apartment is the 2 Bedroom Model at Oxoboxo Lofts starting at $1,875 with a $1.77 price per square foot in the Northeast New London Norwich 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. |
|---|---|---|---|
| The Terraces Apartments | 2 Bedroom | 2BR,1BA | $1.29 |
| Oxoboxo Lofts | 2 Bedroom | 2BR,2BA | $1.77 |
| Norwich | Two Bedroom | 2BR,1BA | $1.45 |
| Colchester Estates | 410 | 2BR,1BA | $1.80 |
| Ivy Garden Apartments | Two Bedroom | 2BR,1BA | $1.78 |
| Fox Run Apartments | 2 BEDROOMS | 2BR,1BA | $1.76 |
| Village Apartments | 2 Bedroom / 1 Bath | 2BR,1BA | $1.44 |
| 560 On Main | SM 1BR | 1BR,1BA | $1.52 |
| The Lofts at Ponemah Mills | PM1aF-T | 1BR,1BA | $1.55 |
| Amston Village - Active 55+ | One Bedroom | 1BR,1BA | $1.52 |
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 ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin, CT Rentals by Map
See the most popular apartments and homes in Franklin, CT
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 560 On Main listed at $1,050.
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 $1,225 at Village Apartments.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Village Apartments and starts from $1,550.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.