853 S Douglas Ave
SpringfieldIL62704
Cheap Homes for Rent in Franklin, IL from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
3048 S 11th St
SpringfieldIL62703
404 E Madison St
AuburnIL62615
529 S Park Ave
SpringfieldIL62704
811 S State St
SpringfieldIL62704
131 S Douglas Ave
SpringfieldIL62704
1004 S College St
Leland GroveIL62704
3126 Butler St
SpringfieldIL62703
926 W Washington St
SpringfieldIL62702
61 Grand Valley Dr
SpringfieldIL62702
206 N State St
SpringfieldIL62702
708 E Stanford Ave
SpringfieldIL62703
2831 S 12th St
SpringfieldIL62703
525 E Pine St
SpringfieldIL62703
Showing Results 1-14, Page 1 of 1
Franklin, IL Local Guide
National, State and City flags on display by Max Pixel is licensed under Internal
How much does it cost to rent a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,151 | $720 | $2,200 |
| Franklin 3 Bedroom Homes for Rent | $1,484 | $950 | $2,000 |
| Franklin 4 Bedroom Homes for Rent | $2,384 | $1,550 | $3,495 |
Browse Top Homes for Rent in Franklin
Explore Franklin
Franklin, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. The Hickox Collection in the Downtown Springfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $628. 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 |
| The Hickox Collection | The Hickox | Studio,1BA | $628 |
| Denison Place | One Bedroom | 1BR,1BA | $675 |
| Morton Street Apartments | 1 bed one bath | 1BR,1BA | $690 |
| Cobblestone Apartments | Cobblestone 1BD | 1BR,1BA | $750 |
Best Value Apartments for Rent in Franklin, IL and Nearby
As of September 11, 2025 the best value apartment in the Franklin area is the $1.17 price per square foot CP Townhome 3BR Model at Cobblestone Place in the starting from $1,975. The second greatest value Franklin apartment is the 3 Bedroom Model at Ash Grove starting at $1,450 with a $1.09 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. |
|---|---|---|---|
| Cobblestone Place | CP Townhome 3BR | 3BR,2.5BA | $1.17 |
| Ash Grove | 3 Bedroom | 3BR,2BA | $1.09 |
| Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.88 |
| Safe Harbor Properties | Downtown | 1BR,1BA | $1.03 |
| 721 South Grand Ave W | One Bedroom | 1BR,1BA | $1.24 |
| New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $0.97 |
| Denison Place | One Bedroom | 1BR,1BA | $0.84 |
| Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
| Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
| Jacksonville Affordable Housing | 1 Bedroom 60% | 1BR,1BA | $0.84 |
Quick 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.
Let everyone know!
Do you know the Franklin area?
If you’re an expert on all things Franklin, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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
Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 37 Apartments for Rent in Franklin, IL with pricing that ranges from $331 to $2,075. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $700 to $3,495.
What is the current price range for Rental Homes in Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $700 to $3,495 with an average monthly rent of $1,462.
How much are larger Three and Four Bedroom Rentals in Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $975 to $2,075, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,550 and Four Bedroom Apartments start at $1,132.
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.
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.
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.