Cheap Apartments for Rent in Franklin, KY from $400 (61 Rentals)

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

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

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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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
Affordability
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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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The Emerson
Rent Specials
$983 - $2,448
Total Monthly Price

Total Monthly Price

Base Rent
$983 - $2,448
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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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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Viridian Apartments
Rent Specials
$1,120 - $1,723
Total Monthly Price

Total Monthly Price

Base Rent
$1,120 - $1,723
Total Monthly Price
$1,120 - $1,723
1 to 3 Bedroom Apartments Available Now

Viridian Apartments

389 Plano RdBowling Green, KY 42104
Corporate Housing
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Thames Valley
1 to 3 Bedroom Apartments

Thames Valley

134-272 Audley AveBowling Green, KY 42101

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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Franklin, KY Local Guide

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, KY is a Studio unit found at The Crown Apartments in the Downtown Bowling Green neighborhood priced from $460. Western Green in the Downtown Bowling Green neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Crown Apartments4BR, 4B - Private Bedroom & BathroomStudio,4BA$460
Western GreenStudio / Eff unitStudio,1BA$700
Willow Creek ApartmentsOne Bedroom Garden1BR,1BA$740
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 Apartments2BR/1.0BA2BR,1BA$875
Ashton Parc1 Bedroom, 1 Bathroom1BR,1BA$899

Best Value Apartments for Rent in Franklin, KY

As of July 29, 2026 the best value apartment in the Franklin area is the $1.00 price per square foot 2 Bedroom Model at Summerland Townhomes in the starting from $1,395. The second greatest value Franklin apartment is the 3BED Model at Grove Park Apartments starting at $1,250 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.
Summerland Townhomes2 Bedroom2BR,2.5BA$1.00
Grove Park Apartments3BED3BR,2BA$1.00
The Crown Apartments4BR, 4B - Private Bedroom & BathroomStudio ,4BA$0.37
The Ridge at Walnut ValleyThe Walnut2BR,2BA$0.98
Grove Park South2 Beds, 2 baths2BR,2BA$1.04
1120 Bluegrass Rd1120 Bluegrass Rd2BR,2BA$1.04
5850 Otte Ct2 Bedroom2BR,2BA$1.05
Hillview Flats2bd/2ba2BR,2BA$1.10
Legacy Place Apartments2x12BR,1BA$1.11
Willow Creek ApartmentsOne Bedroom Garden1BR,1BA$1.05

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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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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Frequently Asked Questions about Cheap Franklin Apartments

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $725 at Western Green.

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 Ashton Parc and starts from $1,247.

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

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.