Cheap Apartments for Rent in Franklin, ID from $500 (5 Rentals)

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

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.

property at 644 E 600 N

644 E 600 N

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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.

Franklin, ID Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, ID is a 2 Beds unit found at Providence Pointe in the Wilson neighborhood priced from $653. Homestead Collection Apartments in the Blackhawk neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $707. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Providence Pointe2 Bedroom2BR,2BA$653
Homestead Collection ApartmentsResidences 1X11BR,1BA$707
Scenic View Apartment Homes2 Beds, 1 Baths2BR,1BA$895

Best Value Apartments for Rent in Franklin, ID and Nearby

As of October 22, 2025 the best value apartment in the Franklin area is the $1.16 price per square foot 3 Bedroom 2.5 Bathroom Model at Smithfield Station Townhomes in the starting from $1,759. The second greatest value Franklin apartment is the 2x2.5-1342 Model at Patriot Pointe starting at $1,599 with a $1.19 price per square foot in the Cold Springs Village 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.
Smithfield Station Townhomes3 Bedroom 2.5 Bathroom3BR,2.5BA$1.16
Patriot Pointe2x2.5-13422BR,2.5BA$1.19
Canyon Cove Apartments3 Bedroom3BR,2BA$1.15
Copperwoods at HarrisvilleMiddle2BR,1BA$1.24
Maple ValleyPhase 1 - 3 Bed 2 Bath 2nd Level3BR,2BA$1.15
The Factory (new)Manhattan3BR,3BA$0.40
Homestead Collection ApartmentsMagnolia 2X22BR,2BA$1.11
Providence Pointe3 Bedroom3BR,2BA$1.20
Cambridge Court Apartments2 Bed2BR,1.5BA$1.16
Scenic View Apartment Homes2 Beds, 1 Baths2BR,1BA$1.28

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Franklin, ID

Walk Score®

7 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

23 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 L59 listed at $1,209.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $707 at Homestead Collection Apartments.

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 $653 at Providence Pointe.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at The Orchard on Oneida and starts from $1,295.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.