Cheap Apartments for Rent in Franklin Lakes, NJ from $600 (28 Rentals)

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

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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Residences at Choctaw
1 to 3 Bedroom Apartments

Residences at Choctaw

25 E Allendale RdSaddle River, NJ 07458
  • 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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Arnhem Apartments
1 to 2 Bedroom Apartments

Arnhem Apartments

636 Godwin AveMidland Park, NJ 07432
  • Utilities Included

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.

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139 Royal
1 Bedroom Apartments

139 Royal

139 RoyalHawthorne, NJ 07506
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Midland Apartments
1 Bedroom Apartments

Midland Apartments

110 Midland AveMidland Park, NJ 07432
  • Utilities Included

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.

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Showing Results 1-28, Page 1 of 1

Franklin Lakes, NJ Local Guide

Cheapest Available Franklin Lakes Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin Lakes, NJ is a 1 Bed unit found at Brooklawn Gardens in the Preakness neighborhood priced from $1,720. 35 McKinley in the Southeast Ridgewood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,799. Here is today’s list of the most affordable Franklin Lakes apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Brooklawn Gardens1 Bed, 1 bath1BR,1BA$1,720
35 McKinley1 BD1BR,1BA$1,799
Hawthorne Garden1BD/1BA Upgraded Units1BR,1BA$1,850
Lafayette Park Apartments1 BR 1 BA1BR,1BA$1,900
Kings Arms Garden Apartments1 bedroom1BR,1BA$1,900
Tudor Gardens1 Bed, 1 bath1BR,1BA$2,100
Pompton Hills1BR/1BA1BR,1BA$2,195
Berdan Court1BR/1BA1BR,1BA$2,325
Waldwick StationA21BR,1BA$2,476
Molly Brook on BelmontWaverly1BR,1BA$2,488

Best Value Apartments for Rent in Franklin Lakes, NJ and Nearby

As of April 28, 2026 the best value apartment in the Franklin Lakes area is the $1.73 price per square foot Two Bedroom Model at Sunset Ridge at Totowa in the in the Totowa neighborhood starting from $2,850. The second greatest value Franklin Lakes apartment is the C2 Model at Avalon Bloomingdale starting at $3,500 with a $2.84 price per square foot in the Pompton Lake neighborhood. Here is today’s list of the best values for Franklin Lakes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
Avalon BloomingdaleC23BR,2BA$2.84
Brooklawn Gardens2 Beds, 1 bath2BR,1BA$2.18
The VIEW at Wanaque2BD/2BA2BR,1BA$2.80
Tudor Gardens2 Beds, 2 baths2BR,2BA$2.81
East Gate at Ridgewood1BR/1BA1BR,1BA$2.81
Kings Arms Garden Apartments2 bedroom2BR,1.5BA$2.82
Hawthorne Garden1BD/1BA Upgraded Units1BR,1BA$2.64
Lafayette Park Apartments1 BR 1 BA1BR,1BA$2.71
35 McKinley1 BD1BR,1BA$2.65

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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.

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Best Local Schools in
Franklin Lakes, NJ

School data provided by Great Schools

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

Explore Franklin Lakes, NJ Rentals by Map

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See the most popular apartments and homes in Franklin Lakes, NJ

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Frequently Asked Questions about Cheap Franklin Lakes Apartments

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

The lowest price for a Cheap One Bedroom Franklin Lakes Apartment is $1,720 at Brooklawn Gardens.

What is the lowest price for a Cheap Two Bedroom Franklin Lakes Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Franklin Lakes is starting from $2,175 at Brooklawn Gardens.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.