Cheap Apartments for Rent in Franklin, LA from $600 (38 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article

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.

Read Article
Showing Results 1-38, Page 1 of 1

Franklin, LA Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, LA is a 1 Bed unit found at Stone Bridge priced from $725. City Heights Magnolia C.H.A.M. in the St Martin Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stone Bridge1 Bed 1 Bath1BR,1BA$725
City Heights Magnolia C.H.A.M.1x11BR,1BA$750
Garden Heights ApartmentsOne Bed One Bath1BR,1BA$750
Colonial Estates1 Bedroom1BR,1BA$800
Iberia South (Patriot Point of New Iberia)1 Bed 1 Bath1BR,1BA$825
Bayou ReserveA11BR,1BA$924
Santa RosaSR11MR1BR,1BA$925
Elora PlaceA11BR,1BA$983
Riverside At Oakbourne TownhomesOne Bedroom1BR,1BA$995
Reserve at Squirrel RunThe Evangeline1BR,1BA$1,100

Best Value Apartments for Rent in Franklin, LA and Nearby

As of June 13, 2025 the best value apartment in the Franklin area is the $1.24 price per square foot C1 Model at Parc Gardens - 55 or Older Luxury Living in the in the Central Lafayette Parish neighborhood starting from $1,872. The second greatest value Franklin apartment is the B1 Model at The Highlands Lafayette starting at $1,710 with a $1.25 price per square foot in the Central Lafayette Parish 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.
Parc Gardens - 55 or Older Luxury LivingC13BR,2BA$1.24
The Highlands LafayetteB12BR,2BA$1.25
The Cottage at Southpark3 Bed 2 Bath Cottage3BR,2BA$1.22
Reserve at Squirrel RunThe Cypress3BR,2BA$1.36
The Plantation at Lafayette2 Bed 2 Bath (B3)2BR,2BA$1.23
The Reserve at River PlaceThe Abita2BR,2BA$1.31
Riverside At Oakbourne TownhomesTwo Bedroom2BR,1.5BA$1.11
Elora PlaceA11BR,1BA$1.15
Stone Bridge1 Bed 1 Bath1BR,1BA$0.85
City Heights Magnolia C.H.A.M.1x11BR,1BA$1.05

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle

Ranked #

Pet Friendliness Lifestyle Score

decorative image of woman handing cat to small boy

Best Local Schools in
Franklin, LA

School data provided by Great Schools

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

Explore Franklin, LA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Franklin, LA

View MapFranklin, LA Apartments MapView MapFranklin, LA Rental Homes Map

Getting Around Franklin, LA

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 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 $725 at Stone Bridge.

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 $850 at City Heights Magnolia C.H.A.M..

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Stone Bridge and starts from $950.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.