
Cheap Apartments for Rent in Franklin, CT from $700 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.


560 On Main

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Colonial Townhouse Apartments

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Meadow Ridge Apartment Homes

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Meadowbrook Gardens

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The Lofts at Ponemah Mills

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Blackstone Apartments

Residences on Main

Artspace Windham
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.

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The Terraces Apartments

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Water Street Lofts

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Summitwoods Apartments

88-98 Chestnut St

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Country Place

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Norwich

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Fox Run Apartments

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Thamesview Apartments

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Hamilton Park
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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Ivy Garden Apartments

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Cedar Glen Apartments

35 Chestnut St

Rose Hill Apartments

Orchard Acres Apartments 0.1 mile from Campus

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Colchester Estates

Trident Park Townhomes

Woodlawn Apartments

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Wyndham Park
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.

Oxoboxo Lofts

389 Wyassup Rd

Moosup Gardens Townhomes

Village Court

Oak Tree Village

Reid & Hughes

Woods Edge

Wequonnoc Village Apartments

13 -3 Kent Ct
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.

640 Williams St

13 White Oak Rd

Four Seasons of Colchester

213 Old Pond Ln

221 Old Pond Ln

9B White Oak Rd

32 Quarry St

52 Carol Ave

150 High St
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.
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 | $1,340 | $1,050 | $1,500 |
| Franklin 1 Bedroom Apartments | $1,573 | $710 | $2,924 |
| Franklin 2 Bedroom Apartments | $2,079 | $864 | $3,064 |
| Franklin 3 Bedroom Apartments | $1,967 | $1,215 | $3,854 |
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. 560 On Main in the Northwest New London Colchester neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. 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 |
| 560 On Main | SM Studio | Studio,1BA | $1,050 |
| Colonial Townhouse Apartments | Studio | Studio,1BA | $1,100 |
| Meadowbrook Gardens | 3X3C | 3BR,3BA | $1,215 |
| The Lofts at Ponemah Mills | PM1aFH-T | 1BR,1BA | $1,239 |
| Blackstone Apartments | Studio | Studio,1BA | $1,295 |
| Moosup Gardens Townhomes | Lily | 2BR,1BA | $1,300 |
| Knollwood | Spacious 1 Bedroom Apartment Near UConn | Reduc... | 1BR,1BA | $1,375 |
| Water Street Lofts | Studio | Studio,1BA | $1,400 |
| Norwich | Two Bedroom | 2BR,1BA | $1,450 |
Best Value Apartments for Rent in Franklin, CT and Nearby
As of July 01, 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 Daffodil Model at Moosup Gardens Townhomes starting at $1,845 with a $1.50 price per square foot in the Central Village 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 |
| Moosup Gardens Townhomes | Daffodil | 3BR,1.5BA | $1.50 |
| Oxoboxo Lofts | 2 Bedroom | 2BR,2BA | $1.77 |
| Meadowbrook Gardens | 2X2AB | 2BR,2BA | $1.51 |
| Blackstone Apartments | Large One Bedroom | 1BR,1BA | $1.50 |
| Norwich | Two Bedroom | 2BR,1BA | $1.45 |
| Summitwoods Apartments | 2 Bed | 2BR,1BA | $1.74 |
| Ivy Garden Apartments | Two Bedroom | 2BR,1BA | $1.78 |
| The Lofts at Ponemah Mills | PM1aFH-T | 1BR,1BA | $1.46 |
| 560 On Main | SM 1BR | 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 $1,300 at Moosup Gardens Townhomes.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Meadowbrook Gardens and starts from $1,215.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.