Cheap Apartments for Rent in Franklin, KY from $500 (56 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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101 Building
1 to 2 Bedroom Apartments

101 Building

101 S Main StFranklin, KY 42134
Corporate Housing
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Garvin Pointe
1 to 3 Bedroom Apartments

Garvin Pointe

41 Eddings RdFranklin, KY 42134
  • Utilities Included
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Otte Center
Rent Specials
$825
Total Monthly Price

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825
1 Bedroom Apartments Available Now

Otte Center

5814 Otte CtBowling Green, KY 42104
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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.

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The Emerson
Rent Specials
$953 - $2,293
Total Monthly Price

Total Monthly Price

Base Rent
$953 - $2,293
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Emerson

2426 Thoroughbred DrBowling Green, KY 42104
Corporate Housing
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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Thames Valley
1 to 3 Bedroom Apartments

Thames Valley

134-272 Audley AveBowling Green, KY 42101
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Moss View
1 to 2 Bedroom Apartments

Moss View

240 Moss View StBowling Green, KY 42101
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Cherry Farms
1 to 3 Bedroom Apartments

Cherry Farms

268 Cherry Farm LnBowling Green, KY 42103
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Keystone Commons
2 Bedroom Apartments

Keystone Commons

2184-2196 Prospector CtBowling Green, KY 42101
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355 Hillview Mills
2 Bedroom Apartments

355 Hillview Mills

355 Hillview Mills BlvdBowling Green, KY 42101
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Franklin, KY Local Guide

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, KY is a Studio unit found at CEDARGATE APARTMENTS priced from $655. Willow Creek Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $685. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CEDARGATE APARTMENTSStudio 1 BathroomStudio,1BA$655
Willow Creek ApartmentsEfficiency/StudioStudio,1BA$685
Western GreenStudio / Eff unitStudio,1BA$700
River Woods ApartmentsRiver Woods - 1/1 PROMO1BR,1BA$700
Countryside Apartments1x11BR,1BA$755
Cameron Park Apartments1 Bed, 1 bath1BR,1BA$815
Otte Center1/11BR,1BA$825
Hillview Commons1/11BR,1BA$825
Legacy Place Apartments1x11BR,1BA$850
Lynnwood Apartments1BR/1.0BA1BR,1BA$850

Best Value Apartments for Rent in Franklin, KY

As of June 13, 2026 the best value apartment in the Franklin area is the $0.85 price per square foot Townhome 3BR Model at Blackberry Ridge Townhomes in the starting from $1,450. The second greatest value Franklin apartment is the 2 Bedroom Model at Summerland Townhomes starting at $1,395 with a $1.00 price per square foot . 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.
Blackberry Ridge TownhomesTownhome 3BR3BR,2.5BA$0.85
Summerland Townhomes2 Bedroom2BR,2.5BA$1.00
Grove Park Apartments3BED3BR,2BA$1.00
Cave Mill ApartmentsMeremac2BR,2BA$1.04
Autumn Wood Apartments2x12BR,1BA$1.05
1120 Bluegrass Rd1120 Bluegrass Rd2BR,2BA$1.04
The Ridge at Walnut ValleyThe Willow1BR,1BA$1.00
5850 Otte Ct2 Bedroom2BR,2BA$1.05
Legacy Place Apartments2x12BR,1BA$1.11
River Woods ApartmentsRiver Woods - 1/1 PROMO1BR,1BA$0.98

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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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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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.

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Best Local Schools in
Franklin, KY

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Franklin, KY Rentals by Map

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See the most popular apartments and homes in Franklin, KY

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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 CEDARGATE APARTMENTS listed at $655.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $700 at River Woods Apartments.

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 $825 at Western Green.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Willow Creek Apartments and starts from $1,050.

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

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.