Cheap Homes for Rent near Franklin, LA from $500 (11 Rentals)

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

property at 2915 LA-14

$595 - $895

1 Bedroom Rentals

Available Now

2915 LA-14

New IberiaLA70560

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.

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.

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 Patriot Point of New Iberia in the St Martin Parish neighborhood priced from $650. Stone Bridge in the Vermilion Parish neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $689. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Patriot Point of New Iberia1 Bed 1 Bath1BR,1BA$650
Stone Bridge2 Bed 2 Bath2BR,2BA$689
Colonial Estates1 Bedroom1BR,1BA$800
Santa RosaSRSMRStudio,1BA$800
CityParc at The RanchA11BR,1BA$830

Best Value Apartments for Rent in Franklin, LA and Nearby

As of July 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 in the Central Lafayette Parish neighborhood starting from $2,100. The second greatest value Franklin apartment is the The Magnolia Model at Villa Broussard starting at $1,780 with a $1.35 price per square foot in the South 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.
Canebrake Landings4 Bedroom4BR,2BA$1.23
Villa BroussardThe Magnolia3BR,2BA$1.35
Plantation CrossingB12BR,2BA$1.21
Acadian Point ApartmentsB2 2 BEDROOM 2 BATH2BR,2BA$1.13
Elora PlaceVermillion1BR,1BA$1.14
Stone Bridge1 Bed 1 Bath1BR,1BA$0.85
Lafayette Gardens1 Bedroom1BR,1BA$1.37
Mainstreet at River RanchA11BR,1BA$1.36
The Bradford Apartments2 Bedroom2BR,1BA$1.17
Patriot Point of New Iberia1 Bed 1 Bath1BR,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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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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Frequently Asked Questions about Franklin

What type of rentals are currently available in Franklin?

There are currently 49 Apartments for Rent in Franklin, LA with pricing that ranges from $650 to $3,650. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $595 to $5,000.

What is the current price range for Rental Homes in Franklin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $595 to $5,000 with an average monthly rent of $2,395.

How much are larger Three and Four Bedroom Rentals in Franklin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $694 to $2,442, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $2,400. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $745.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.

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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.