
Cheap Apartments for Rent in Franklin, LA from $600 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.


Spanish Lake Apartments

Sugarland Terrace

Stone Bridge

Garden Heights Apartments

Belle Vue Villa Apartments

Colonial Estates

Acadian Point Apartments

CityParc at The Ranch
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.

The Bradford Apartments

City Heights Magnolia

The Arts Apartments At Broussard Crossing

Emberwood

Grove At Plantation

Mainstreet Annex at River Ranch

Elora Place

Bayou Reserve

Audubon Lake Apartment Homes
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.

Total Monthly Price
Lafayette Gardens

Mainstreet at River Ranch

The Plantation at Lafayette

The Reserve at River Place

Waterview Apartment Homes

Plantation Crossing

218 W St Peter St

2915 LA-14

405 Anderson St
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.

203 Armand St

1110 Walton St

921 S Theater St

1500 Adam St

112 Oak Ridge Ave

505 E Main St

205 Jacques St

Admiral Pointe

Santa Rosa
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.

116 Oak Ridge Ave

306 S Severin St

104 Oak Ridge Ave

118 Oak Ridge Ave

1009 Providence St

Riverside At Oakbourne Townhomes

111 W Putnam Ave

529 Terrebonne St

5207 Jefferson Island Rd
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.
Franklin, LA Local Guide

How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments | $945 | $920 | $970 |
| Franklin 1 Bedroom Apartments | $1,186 | $650 | $2,850 |
| Franklin 2 Bedroom Apartments | $1,385 | $750 | $3,650 |
| Franklin 3 Bedroom Apartments | $1,889 | $694 | $2,442 |
| Franklin 4 Bedroom Apartments | $1,597 | $745 | $2,100 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, LA Local Guide
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Cheapest Available Franklin Apartments for Rent and Nearby
 The cheapest available apartment rental in Franklin, LA is a 1 Bed unit found at Patriot Point of New Iberia in the St Martin Parish neighborhood priced from $650. Stone Bridge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $720. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Patriot Point of New Iberia | 1 Bed 1 Bath | 1BR,1BA | $650 |
| Stone Bridge | 1 Bed 1 Bath | 1BR,1BA | $720 |
| Colonial Estates | 1 Bedroom | 1BR,1BA | $800 |
| CityParc at The Ranch | A1 | 1BR,1BA | $830 |
| The Bradford Apartments | 1 Bedroom | 1BR,1BA | $840 |
| Belle Vue Villa Apartments | One Bed | 1BR,1BA | $875 |
| Emberwood | Pinecone | 1BR,1BA | $900 |
| Grove At Plantation | 1 Bed 1.0 Bath | 1BR,1BA | $974 |
| Elora Place | Vermillion | 1BR,1BA | $975 |
| Acadian Point Apartments | B1 2 BEDROOM 1 BATH | 2BR,1BA | $975 |
Best Value Apartments for Rent in Franklin, LA and Nearby
As of June 19, 2026 the best value apartment in the Franklin area is the $1.23 price per square foot 4 Bedroom Model at Canebrake Landings in the in the Central Lafayette Parish neighborhood starting from $2,100. The second greatest value Franklin apartment is the The Teche Model at Reserve at Squirrel Run starting at $1,225 with a $1.06 price per square foot in the St Martin Parish neighborhood. 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. |
|---|---|---|---|
| Canebrake Landings | 4 Bedroom | 4BR,2BA | $1.23 |
| Reserve at Squirrel Run | The Teche | 2BR,2BA | $1.06 |
| Plantation Crossing | B1 | 2BR,2BA | $1.20 |
| Acadian Point Apartments | B2 2 BEDROOM 2 BATH | 2BR,2BA | $1.12 |
| Garden Heights Apartments | Two Bed Two Bath | 2BR,2BA | $1.12 |
| Elora Place | Vermillion | 1BR,1BA | $1.14 |
| Stone Bridge | 1 Bed 1 Bath | 1BR,1BA | $0.85 |
| Lafayette Gardens | 1 Bedroom | 1BR,1BA | $1.25 |
| The Bradford Apartments | 1 Bedroom | 1BR,1BA | $1.23 |
| Patriot Point of New Iberia | 1 Bed 1 Bath | 1BR,1BA | $1.09 |
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 ArticleReal 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.
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, LA
W.P. Foster Elementary School
Franklin Senior High School
Franklin Junior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin, LA Rentals by Map
See the most popular apartments and homes in Franklin, LA
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 $650 at Patriot Point of New Iberia.
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 $750 at Patriot Point of New Iberia.
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
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

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.

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.

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.

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.