Cheap Apartments for Rent in Franklin, LA from $650 (44 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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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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Lafayette Gardens
Rent Specials
$1,115 - $1,680

Total Monthly Price

Base Rent$1,115 - $1,680
Total Monthly Price$1,115 - $1,680
1 to 3 Bedroom Apartments Available Now

Lafayette Gardens

110 E Martial AveLafayette, LA 70508
Furnished
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  • 3D Tour

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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property at 2915 LA-14
$595 - $895
1 Bedroom Rentals
Available Now

2915 LA-14

New IberiaLA70560

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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Admiral Pointe
2 Bedroom Apartments

Admiral Pointe

713 W Admiral Doyle DrNew Iberia, LA 70560
  • Utilities Included

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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Showing Results 1-44, 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 2 Beds unit found at Stone Bridge in the Vermilion Parish neighborhood priced from $672. Garden Heights Apartments in the Central Lafayette 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 Bridge2 Bed 2 Bath2BR, 2BA$672
Garden Heights ApartmentsOne Bed One Bath1BR, 1BA$750
Patriot Point of New Iberia2 Bed 1 Bath2BR, 2BA$750
City Heights Magnolia1x11BR, 1BA$775
Santa RosaSRSMRStudio, 1BA$800
The Bradford Apartments1 Bedroom1BR, 1BA$840
Colonial Estates2 Bedroom2BR, 1BA$900
The Arts Apartments At Broussard CrossingA11BR, 1BA$924
Bayou ReserveA11BR, 1BA$969
Elora PlaceVermillion1BR, 1BA$975

Best Value Apartments for Rent in Franklin, LA and Nearby

As of September 22, 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 Central Lafayette Parish neighborhood starting from $2,100. The second greatest value Franklin apartment is the B4 Model at The Highlands Lafayette in the Central Lafayette Parish neighborhood starting at $1,421 with a $0.93 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.
Canebrake Landings4 Bedroom4BR, 2BA$1.23
The Highlands LafayetteB42BR, 2BA$0.93
Plantation CrossingB12BR, 2BA$1.21
Acadian Point ApartmentsB1 2 BEDROOM 1 BATH2BR, 1BA$1.13
Elora PlaceVermillion1BR, 1BA$1.14
Stone Bridge1 Bed 1 Bath1BR, 1BA$0.85
Patriot Point of New Iberia2 Bed 1 Bath2BR, 2BA$0.96
The Bradford Apartments2 Bedroom2BR, 1BA$1.17
Colonial Estates2 Bedroom2BR, 1BA$1.19
City Heights Magnolia1x11BR, 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.

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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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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.

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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

What is the Cheapest Studio apartment in Franklin?

Currently the most affordable Cheap Studio Apartment in Franklin is at Santa Rosa listed at $800.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $720 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 $672 at Stone Bridge.

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

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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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.