Cheap Homes for Rent in Franklin Lakes, NJ from $1,500 (6 Rentals)

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

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.

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.

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 $1,950. Kings Arms Garden Apartments in the Preakness neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,000. 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$1,950
Kings Arms Garden Apartments1 bedroom1BR,1BA$2,000
Manchester Village1 X 11BR,1BA$2,100

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

As of June 28, 2025 the best value apartment in the Franklin Lakes area is the $3.01 price per square foot BT3-L-Signature Model at Avalon Wayne in the in the Preakness neighborhood starting from $5,060. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Avalon WayneBT3-L-Signature3BR,2.5BA$3.01
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
Avalon BloomingdaleB52BR,2BA$2.59
Berdan Court2BR/1BA2BR,1BA$2.63
The VIEW at Wanaque2BD/1BA2BR,1BA$2.53
Haledon Estates ApartmentsGarden Two Bedroom w/Den2BR,1BA$2.76
East Gate at Ridgewood1BR/1BA1BR,1BA$3.11
Oak Manor Apartments1 Bedroom, 1 Bath 880 sq. ft.1BR,1BA$3.07
Manchester Village1 X 11BR,1BA$2.47
Hawthorne Garden1BD/1BA Upgraded Units1BR,1BA$2.79

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Frequently Asked Questions about Franklin Lakes

What type of rentals are currently available in Franklin Lakes?

There are currently 49 Apartments for Rent in Franklin Lakes, NJ with pricing that ranges from $1,920 to $7,030. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin Lakes ranging from $1,500 to $12,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin Lakes ranges from $1,500 to $12,000 with an average monthly rent of $4,965.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.