
Cheap Apartments for Rent in Franklin, IL from $300 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.


313 S Dye St

Hunter Glen Apartments

Safe Harbor Properties

Morton Street Apartments
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.

Whispering Pines Apartments

Cobblestone Apartments

Lincoln Tower Apartments
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.

853 S Douglas Ave

619 S Walnut St

2080 W Washington St

404 E Madison St
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.

811 S State St
Franklin, IL Local Guide

How much does it cost to rent an apartment in Franklin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Franklin Studio Apartments | $712 | $650 | $875 |
Franklin 1 Bedroom Apartments | $924 | $331 | $3,000 |
Franklin 2 Bedroom Apartments | $1,233 | $389 | $3,000 |
Franklin 3 Bedroom Apartments | $1,589 | $1,022 | $3,000 |
Franklin 4 Bedroom Apartments | $1,132 | $1,132 | $1,132 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, IL Local Guide
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Cheapest Available Franklin Apartments for Rent and Nearby
 The cheapest available apartment rental in Franklin, IL is a 1 Bed unit found at Jacksonville Affordable Housing priced from $462. Morton Street Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $690. Here is today’s list of the most affordable Franklin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Jacksonville Affordable Housing | 1 Bedroom 50% | 1BR,1BA | $462 |
Morton Street Apartments | 1 bed one bath | 1BR,1BA | $690 |
Whispering Pines Apartments | 1 Bed, 1 Bath - Essential | 1BR,1BA | $700 |
Cobblestone Apartments | Cobblestone 1BD | 1BR,1BA | $750 |
Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $799 |
Best Value Apartments for Rent in Franklin, IL and Nearby
As of October 13, 2025 the best value apartment in the Franklin area is the $1.17 price per square foot Two Bedroom Two Bath Model at Koke Mill Apartments in the starting from $1,225. The second greatest value Franklin apartment is the Townhome Model at Ravenwood Townhomes starting at $875 with a $0.88 price per square foot . 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. |
---|---|---|---|
Koke Mill Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.17 |
Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.88 |
Candles | B1 | 2BR,1.5BA | $1.17 |
Safe Harbor Properties | Downtown | 1BR,1BA | $1.03 |
Huntington Ridge Apartments | Two Bedroom | 2BR,1BA | $1.22 |
New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $0.97 |
Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
Pine Ridge Apartments | One Bedroom | 1BR,1BA | $1.17 |
Jacksonville Affordable Housing | 1 Bedroom 60% | 1BR,1BA | $0.84 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin, IL Rentals by Map
See the most popular apartments and homes in Franklin, IL
Getting Around Franklin, IL
Walk Score®
26 / 100
Car-Dependent
Most errands require a car
Bike Score®
29 / 100
Somewhat Bikeable
Minimal bike infrastructure
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
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $462 at Jacksonville Affordable Housing.
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 $515 at Jacksonville Affordable Housing.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Candles and starts from $1,189.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.

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.