313 S Dye St
VirdenIL62690
Cheap Homes for Rent in Franklin, IL from $500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
2080 W Washington St
SpringfieldIL62702
2070 W Washington St
SpringfieldIL62702
1224 W Monroe St
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.
2244 S 9th St
SpringfieldIL62703
207 E Spruce St
SpringfieldIL62704
206 N State St
SpringfieldIL62702
2944 S 5th St
Southern ViewIL62703
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.
525 E Pine St
SpringfieldIL62703
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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 | $1,224 | $599 | $2,600 |
| Franklin 3 Bedroom Homes for Rent | $1,903 | $1,350 | $2,700 |
| Franklin 4 Bedroom Homes for Rent | $2,998 | $2,500 | $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. 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 |
Best Value Apartments for Rent in Franklin, IL and Nearby
As of November 01, 2025 the best value apartment in the Franklin area is the $0.99 price per square foot 2 Bedroom 1 Bath South Model at Orchard Park in the starting from $975. The second greatest value Franklin apartment is the Walk to work. Capitol View. WIFI Included. Model at Safe Harbor Properties starting at $925 with a $1.03 price per square foot in the Downtown Springfield 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. |
|---|---|---|---|
| Orchard Park | 2 Bedroom 1 Bath South | 2BR,1BA | $0.99 |
| Safe Harbor Properties | Walk to work. Capitol View. WIFI Included. | 2BR,1BA | $1.03 |
| 3TEN | B1 | 2BR,1BA | $1.01 |
| Koke Mill Apartments | 1 Bedroom (lg) | 1BR,1BA | $1.15 |
| New Eastlawn Apartments | Two Bedroom | 2BR,1BA | $0.97 |
| Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.11 |
| 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 | $0.81 |
| Jacksonville Affordable Housing | 1 Bedroom 60% | 1BR,1BA | $0.84 |
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.
Read Article
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 ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
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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 38 Apartments for Rent in Franklin, IL with pricing that ranges from $331 to $3,000. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $599 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 $599 to $3,495 with an average monthly rent of $1,712.
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 $1,350 to $2,700. Four Bedroom Single-Family rentals are also available starting from $2,500 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.
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.
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.