
Cheap Apartments for Rent in Franklin, KY from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.


108 Creekside Dr

108 Creekside Drive, Unit C

Western Green

Willow Creek Apartments

River Woods Apartments
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.

Covington Station

Cameron Park Apartments

Ashton Parc

Lynnwood Apartments

Keystone Commons (SoKy Rentals)

Otte Center II

Hillview Commons
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.

Grove Park Apartments

The Ridge at Walnut Valley

The Adler Apartment Homes

The Southern
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.
Franklin, KY Local Guide

How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Franklin Studio Apartments | $685 | $685 | $685 |
| Cheap Franklin 1 Bedroom Apartments | $1,052 | $590 | $1,590 |
| Cheap Franklin 2 Bedroom Apartments | $1,237 | $640 | $2,009 |
| Cheap Franklin 3 Bedroom Apartments | $1,490 | $700 | $2,124 |
| Cheap Franklin 4 Bedroom Apartments | $1,450 | $975 | $1,850 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, KY Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Franklin Apartments for Rent
 The cheapest available apartment rental in Franklin, KY is a Studio unit found at CEDARGATE APARTMENTS priced from $635. River Woods Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| CEDARGATE APARTMENTS | Studio 1 Bathroom | Studio,1BA | $635 |
| River Woods Apartments | River Woods - Promo - 1/1 | 1BR,1BA | $695 |
| Cameron Park Apartments | 1 Bed, 1 bath | 1BR,1BA | $720 |
| Lynnwood Apartments | 1BR/1.0BA | 1BR,1BA | $850 |
| Otte Center II | 1 Bed, 1 bath | 1BR,1BA | $875 |
Best Value Apartments for Rent in Franklin, KY
As of December 14, 2025 the best value apartment in the Franklin area is the $0.31 price per square foot 4BR/4.0BA Model at The Crown in the in the Downtown Bowling Green neighborhood starting from $440. The second greatest value Franklin apartment is the 2 Beds, 1 bath Model at Sumner Pointe starting at $1,292 with a $1.04 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. |
|---|---|---|---|
| The Crown | 4BR/4.0BA | 4BR,4BA | $0.31 |
| Sumner Pointe | 2 Beds, 1 bath | 2BR,1BA | $1.04 |
| The Ariel - Beautifully Renovated! | 3 Bedroom 3 Bathroom Apartment | 3BR,3BA | $1.01 |
| Blackberry Ridge Townhomes | Townhome 2BR | 2BR,2BA | $1.05 |
| 1120 Bluegrass Rd, Unit E3 | 1120 Bluegrass Rd | 2BR,2BA | $1.00 |
| Bakers Springs | 2 Bed/2 Baths | 2BR,2BA | $1.05 |
| Keystone Commons | Dowsntairs 2 Bedroom | 2BR,2BA | $1.02 |
| The Ridge at Walnut Valley | The Willow | 1BR,1BA | $1.00 |
| River Woods Apartments | River Woods - Promo - 1/1 | 1BR,1BA | $0.97 |
| Cameron Park Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.03 |
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
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.
Best Local Schools in Franklin, KY
Franklin-Simpson High School
Franklin-Simpson Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin, KY Rentals by Map
See the most popular apartments and homes in Franklin, KY
Getting Around Franklin, KY
Walk Score®
27 / 100
Car-Dependent
Most errands require a car
Bike Score®
34 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $695 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 $795 at Cameron Park Apartments.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at River Woods Apartments and starts from $945.
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.




