Cheap Apartments for Rent in Franklin Lakes, NJ from $600 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin Lakes.

Lafayette Park Apartments

Manchester Village
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.

Brooklawn Gardens

Hawthorne Garden

Kings Arms Garden Apartments

51 Traphagen Rd

131 Hinchman Ave
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.
Franklin Lakes, NJ Local Guide

How much does it cost to rent an apartment in Franklin Lakes?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Franklin Lakes Studio Apartments | $2,409 | $1,795 | $2,724 |
Franklin Lakes 1 Bedroom Apartments | $2,676 | $1,900 | $3,460 |
Franklin Lakes 2 Bedroom Apartments | $3,436 | $2,100 | $4,585 |
Franklin Lakes 3 Bedroom Apartments | $3,376 | $2,900 | $3,640 |
Browse Top Apartments in Franklin Lakes
See all Apartments in Franklin LakesExplore Franklin Lakes
Franklin Lakes, NJ Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Franklin Lakes Apartments for Rent
 The cheapest available apartment rental in Franklin Lakes, NJ is a Studio unit found at Lafayette Park Apartments in the Southeast Ridgewood neighborhood priced from $1,795. Hawthorne Garden in the Southeast Ridgewood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,950. Here is today’s list of the most affordable Franklin Lakes apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lafayette Park Apartments | Studio | Studio,1BA | $1,795 |
Hawthorne Garden | 1BD/1BA Upgraded Units | 1BR,1BA | $1,950 |
Kings Arms Garden Apartments | 1 bedroom | 1BR,1BA | $2,000 |
Berdan Court | 1BR/1BA | 1BR,1BA | $2,295 |
Lakeside Residence | 1b1b-702 | 1BR,1BA | $2,350 |
Best Value Apartments for Rent in Franklin Lakes, NJ
As of September 10, 2025 the best value apartment in the Franklin Lakes area is the $2.61 price per square foot BT4-D-Signature Model at Avalon Wayne in the in the Preakness neighborhood starting from $4,440. The second greatest value Franklin Lakes apartment is the Two Bedroom Model at Sunset Ridge at Totowa starting at $2,850 with a $1.73 price per square foot in the Totowa neighborhood. Here is today’s list of the best values for Franklin Lakes apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Avalon Wayne | BT4-D-Signature | 2BR,2.5BA | $2.61 |
Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
The VIEW at Wanaque | 2BD/2BA | 2BR,1BA | $2.37 |
Hawthorne Square | Ashton | 2BR,2BA | $3.06 |
East Gate at Ridgewood | 1BR/1BA | 1BR,1BA | $2.88 |
Oak Manor Apartments | 1 Bedroom, 1 Bath 880 sq. ft. | 1BR,1BA | $3.07 |
Kings Arms Garden Apartments | 2 bedroom | 2BR,1.5BA | $3.06 |
Berdan Court | 1BR/1BA | 1BR,1BA | $2.85 |
Molly Brook on Belmont | Tranquility | 1BR,1BA | $3.12 |
Hawthorne Garden | 1BD/1BA Upgraded Units | 1BR,1BA | $2.79 |
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.
Best Local Schools in Franklin Lakes, NJ
Franklin Ave Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin Lakes, NJ Rentals by Map
See the most popular apartments and homes in Franklin Lakes, NJ
Getting Around Franklin Lakes, NJ
Walk Score®
33 / 100
Car-Dependent
Most errands require a car
Bike Score®
29 / 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 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 $1,950 at Hawthorne Garden.
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 $2,500 at Kings Arms Garden Apartments.
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.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.