205 W Allen St
SpringfieldIL62704
Cheap Homes for Rent in Franklin, IL from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
201 W Allen St
SpringfieldIL62704
1224 W Monroe St
SpringfieldIL62704
1616 S 7th St
SpringfieldIL62703
616 New St
SpringfieldIL62704
151 S Durkin Dr
SpringfieldIL62704
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.
2831 S 12th St
SpringfieldIL62703
525 W Cook St
SpringfieldIL62704
425 W Lawrence Ave
SpringfieldIL62704
819 Deerfield Rd
ChathamIL62629
2605 S College St
SpringfieldIL62704
315 Summit Ave
SpringfieldIL62704
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.
Showing Results 1-12, Page 1 of 1
Franklin, IL Local Guide
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How much does it cost to rent a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,301 | $775 | $2,600 |
| Franklin 3 Bedroom Homes for Rent | $1,888 | $1,200 | $2,700 |
| Franklin 4 Bedroom Homes for Rent | $2,547 | $1,600 | $3,495 |
Browse Top Homes for Rent in Franklin
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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. Lotts Landing Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $560. 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 |
| Lotts Landing Senior Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $560 |
| 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 |
Best Value Apartments for Rent in Franklin, IL and Nearby
As of December 20, 2025 the best value apartment in the Franklin area is the $1.09 price per square foot 3 Bedroom Model at Ash Grove in the starting from $1,450. The second greatest value Franklin apartment is the B1 Model at Candles starting at $983 with a $1.02 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. |
|---|---|---|---|
| Ash Grove | 3 Bedroom | 3BR,2BA | $1.09 |
| Candles | B1 | 2BR,1.5BA | $1.02 |
| Safe Harbor Properties | Walk to work. Capitol View. WIFI Included. | 2BR,1BA | $1.03 |
| 3TEN | B1 | 2BR,1BA | $0.96 |
| 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 |
| Lotts Landing Senior Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.87 |
| Jacksonville Affordable Housing | 1 Bedroom 60% | 1BR,1BA | $0.84 |
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 Article
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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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 38 Apartments for Rent in Franklin, IL with pricing that ranges from $331 to $3,000. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $750 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 $750 to $3,495 with an average monthly rent of $1,634.
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 $1,022 to $3,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,132.
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
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.
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.