Cheap Apartments for Rent in Franklin, IN from $775 (55 Rentals)

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

property at 992 Cass Dr
$1,000

Total Monthly Price

Base Rent$1,000
Total Monthly Price$1,000
1 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

992 Cass Dr

FranklinIN46131
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401 N Main St
2 Bedroom Apartments

401 N Main St

401 N Main StFranklin, IN 46131

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Green Acre Apartments
2 Bedroom Apartments

Green Acre Apartments

1700 Preidt CirFranklin, IN 46131
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301 W Adams St
2 Bedroom Apartments

301 W Adams St

301 W Adams StFranklin, IN 46131
Student Housing
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The Row Apartments
2 to 3 Bedroom Apartments

The Row Apartments

57 Schoolhouse RdFranklin, IN 46131

Rent According to Income: A Look at Income-Restricted Rentals

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Brixin Franklin
2 to 4 Bedroom Apartments

Brixin Franklin

1600 Traditions CtFranklin, IN 46131
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Brookfield Townhomes
2 to 3 Bedroom Apartments

Brookfield Townhomes

1543-1578 Brookfield CirFranklin, IN 46131
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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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Summit Pointe
Rent Specials
$1,229 - $1,750

Total Monthly Price

Base Rent$1,229 - $1,750
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Summit Pointe

2400 E Main StGreenwood, IN 46143
Corporate Housing
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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Grove Crossing
$1,345 - $1,675

Total Monthly Price

Base Rent$1,345 - $1,675
Total Monthly Price$1,345 - $1,675
1 to 2 Bedroom Apartments Contact Us For Availability

Grove Crossing

1680 Grove Crossing BlvdGreenwood, IN 46143
Senior Living
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The Hangar on Emerson
Rent Specials
$1,377 - $3,808

Total Monthly Price

Base Rent$1,377 - $3,808
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

The Hangar on Emerson

1140 E Emerson Pointe DrGreenwood, IN 46143
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Franklin, IN Local Guide

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, IN is a 2 Beds unit found at 401 N Main St in the Cityview Farm neighborhood priced from $675. Waterbury Apartments in the Winchester Village neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
401 N Main St2 Beds, 1 Baths2BR,1BA$675
Waterbury ApartmentsStudioStudio,1BA$775
Courts of Valle Vista1Bed/1Ba-Up (A)1BR,1BA$924
Auburn Place1 Bedroom 1 Bath1BR,1BA$942
Westminster Apartments and TownhomesBroderick1BR,1BA$990
The Fairways at Valle VistaAce1BR,1BA$999
Yorktowne Farms Community1 Bed 1 Bath1BR,1BA$1,000
Mission HillsA2 Costa Mesa1BR,1BA$1,014
Ashmore Trace1 Bedroom Apartment1BR,1BA$1,079
Stonehedge ApartmentsThe Solis1BR,1BA$1,099

Best Value Apartments for Rent in Franklin, IN

As of September 08, 2026 the best value apartment in the Franklin area is the $1.38 price per square foot Platinum Model at Copper Chase at Stones Crossing in the in the Barton Lakes neighborhood starting from $1,981. The second greatest value Franklin apartment is the 2 Bed/2.5 Bath Town Home Model at Greenwood Oaks starting at $1,509 with a $1.17 price per square foot in the Winchester 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.
Copper Chase at Stones CrossingPlatinum3BR,2BA$1.38
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.17
Park Madison Apartments2x22BR,2BA$1.09
Devonshire ApartmentsThe Wellington Renovated2BR,2BA$1.29
Hartshire Lakes ApartmentsBayberry2BR,2BA$1.42
St. Andrews2Bd/2Ba T2BR,2BA$1.35
401 N Main St2 Beds, 1 Baths2BR,1BA$0.75
Keeneland Crest ApartmentsBristol1BR,1BA$1.40
Stonehedge ApartmentsThe Solis1BR,1BA$1.38
Yorktowne Farms Community1 Bed 1 Bath1BR,1BA$1.46

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Franklin, IN

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Remember the 3 Rules of Real Estate:
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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 Waterbury Apartments listed at $775.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $924 at Courts of Valle Vista.

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 $675 at 401 N Main St.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Yorktowne Farms Community and starts from $1,400.

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.

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