
Cheap Homes for Rent in Franklin, MA from $1,500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.


508 Elm St

65 Milliken Ave

180 Main St, Unit 2B
Your Local Guide to Providence Student Housing: Best Neighborhoods for College Renters
Discover affordable off-campus rentals and the best local neighborhoods for college life, featuring expert tips from a seasoned renter.

131 Creek St

127 King St, Unit 209

195 Broad St

145 Broad St
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.

32 Broad St
Franklin, MA Local Guide

How much does it cost to rent a home in Franklin?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $2,554 | $1,510 | $3,100 |
| Franklin 3 Bedroom Homes for Rent | $3,442 | $2,500 | $5,300 |
| Franklin 4 Bedroom Homes for Rent | $4,880 | $2,900 | $8,500 |
Browse Top Homes for Rent in Franklin
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Franklin, MA Local Guide
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Best Value Homes for Rent in Franklin, MA
As of September 22, 2026 the best value rental home in the Franklin area is the $1.85 price per square foot 98 Plain St Model at 98 Plain St in the 495 South neighborhood starting from $2,400. The second greatest value Franklin rental home is the 239 Union St Model at 239 Union St, Unit 2 in the 495 South neighborhood starting at $2,400 with a $1.85 price per square foot. Here is today’s list of the best values for Franklin homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 98 Plain St | 98 Plain St | 2BR, 2BA | $1.85 |
| 239 Union St, Unit 2 | 239 Union St | 2BR, 1BA | $1.85 |
| 41 South St | 41 South St | 3BR, 2BA | $2.19 |
| 417 Union St | 417 Union St | 3BR, 1BA | $2.50 |
| 14 Sanford St, Unit 41 | 14 Sanford St | 2BR, 2BA | $2.66 |
| 127 King St, Unit 209 | 127 King St | 2BR, 1BA | $2.82 |
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.
Read ArticleNavigating 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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Franklin, MA
Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 67 Apartments for Rent in Franklin, MA with pricing that ranges from $1,100 to $3,925. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $1,500 to $8,500.
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 $1,500 to $8,500 with an average monthly rent of $3,066.
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

Your Local Guide to Providence Student Housing: Best Neighborhoods for College Renters
Written by: M. April Tome
Hi, I’m April, your local guide for living in Providence, RI. I attended college in Providence and lived in this great city for many years.

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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.