Cheap Apartments for Rent in Franklin, KY from $460 (62 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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Western Green
$685 - $1,165

Total Monthly Price

Base Rent$685 - $1,165
Total Monthly Price$685 - $1,165
1 to 4 Bedroom Apartments Available Now

Western Green

2105 Robin RdBowling Green, KY 42101
Pet Friendly
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  • Customer Reviewed
  • 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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The Emerson
Rent Specials
$973 - $2,396

Total Monthly Price

Base Rent$973 - $2,396
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

The Emerson

2426 Thoroughbred DrBowling Green, KY 42104
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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
$1,170 - $1,923

Total Monthly Price

Base Rent$1,170 - $1,923
Total Monthly Price$1,170 - $1,923
1 to 3 Bedroom Apartments Available Now

Viridian Apartments

389 Plano RdBowling Green, KY 42104
Corporate Housing
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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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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 1 Bed apartment currently listed from $685. 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 GreenOne Bedroom1BR,1BA$685
Otte Center1/11BR,1BA$825
Hillview Commons1/11BR,1BA$825
Ashton Parc1 Bedroom, 1 Bathroom1BR,1BA$839
Legacy Place Apartments1x11BR,1BA$850
Lynnwood Apartments1BR/1.0BA1BR,1BA$850
Keystone Commons (SoKy Rentals)1 Bedroom1BR,1BA$900
The HeritageA1 - One Bedroom, One Bathroom1BR,1BA$934

Best Value Apartments for Rent in Franklin, KY

As of September 12, 2026 the best value apartment in the Franklin area is the $1.00 price per square foot 3BED Model at Grove Park Apartments in the starting from $1,250. The second greatest value Franklin apartment is the Townhome 2BR Model at Blackberry Ridge Townhomes starting at $1,150 with a $1.05 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.
Grove Park Apartments3BED3BR,2BA$1.00
Blackberry Ridge TownhomesTownhome 2BR2BR,2BA$1.05
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
Keystone Commons/ 21542 BR Upstairs2BR,2BA$1.02
5850 Otte Ct2 Bedroom2BR,2BA$1.05
The Crown Apartments2br2b - private bedroom & bathrooms2BR,2BA$0.67
Hillview Flats2bd/2ba2BR,2BA$1.10
Ashton Parc1 Bedroom, 1 Bathroom1BR,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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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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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!

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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 $685 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 $875 at Lynnwood Apartments.

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 $1,147.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.