Cheap Apartments for Rent in Franklin Lakes, NJ from $1,795 (48 Rentals)

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

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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Residences at Choctaw
1 to 3 Bedroom Apartments

Residences at Choctaw

25 E Allendale RdSaddle River, NJ 07458
  • Utilities Included

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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Arnhem Apartments
1 to 2 Bedroom Apartments

Arnhem Apartments

636 Godwin AveMidland Park, NJ 07432
  • Utilities Included
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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
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The VIEW at Wanaque
Studio to 2 Bedroom Apartments

The VIEW at Wanaque

1049 Ringwood AveWanaque, NJ 07420

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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DICKINSON MANOR
1 to 2 Bedroom Apartments

DICKINSON MANOR

140 Dickinson LnMahwah, NJ 07430
  • Utilities Included
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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 1-48, 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 Hawthorne Garden in the Southeast Ridgewood neighborhood priced from $1,795. Brooklawn Gardens in the Preakness neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,820. Here is today’s list of the most affordable Franklin Lakes apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hawthorne Garden1BD/1BA Upgraded Units1BR,1BA$1,795
Brooklawn Gardens1 Bed, 1 bath1BR,1BA$1,820
Rhinesmith Apartments1 Bed, 1 bath1BR,1BA$1,850
Kings Arms Garden Apartments1 bedroom1BR,1BA$1,900
Manchester Village1 X 11BR,1BA$1,960
Haledon Estates ApartmentsLow Rise One Bedroom1BR,1BA$2,050
Berdan Court1BR/1BA1BR,1BA$2,195
Tudor Gardens1 Bed, 1 bath1BR,1BA$2,200
Avalon BloomingdaleA21BR,1BA$2,215
Pompton Hills1BR/1BA1BR,1BA$2,250

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

As of September 11, 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 2 X 1 Model at Manchester Village starting at $2,575 with a $2.45 price per square foot in the Preakness 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
Manchester Village2 X 12BR,1BA$2.45
Rhinesmith Apartments2 Beds, 2 baths2BR,2BA$2.34
Brooklawn Gardens2 Beds, 1 bath2BR,1BA$2.18
Tudor Gardens2 Beds, 2 baths2BR,2BA$2.92
Haledon Estates ApartmentsLow Rise One Bedroom1BR,1BA$2.41
Berdan Court1BR/1BA1BR,1BA$2.73
Avalon BloomingdaleA21BR,1BA$3.01
Hawthorne Garden1BD/1BA Upgraded Units1BR,1BA$2.64
Kings Arms Garden Apartments1 bedroom1BR,1BA$2.77

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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Best Local Schools in
Franklin Lakes, NJ

School data provided by Great Schools

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

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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 $1,795 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 $2,175 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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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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.