Cheap Apartments for Rent in Franklin, MD from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.

28 Paul St

203 E College Ave

137 W King St

232 W Main St
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.

107 4th St

113-113 Blackwater Ave

623 Columbia Ave, Unit 207
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.

416 Maryland Ave
Franklin, MD Local Guide

How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 1 Bedroom Apartments | $773 | $650 | $1,100 |
| Franklin 2 Bedroom Apartments | $880 | $740 | $1,266 |
| Franklin 3 Bedroom Apartments | $1,080 | $860 | $1,295 |
| Franklin 4 Bedroom Apartments | $1,720 | $1,640 | $1,800 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, MD Local Guide
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Cheapest Available Franklin Apartments for Rent and Nearby
 The cheapest available apartment rental in Franklin, MD is a 1 Bed unit found at Greene Gables priced from $659. Bayridge Greene has the second lowest priced unit, which is a 1 Bed apartment currently listed from $740. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Greene Gables | 1 Bedroom | 1BR,1BA | $659 |
| Bayridge Greene | One Bedroom | 1BR,1BA | $740 |
| Bayberry Place | 2 Bedroom Unit | 2BR,1BA | $754 |
| Magnolia Greene | 3 Bedroom | 3BR,2BA | $815 |
| Meridian Point | 1 BR | 1BR,1BA | $900 |
Best Value Apartments for Rent in Franklin, MD and Nearby
As of October 24, 2025 the best value apartment in the Franklin area is the $0.37 price per square foot 214 S Central Ave Model at 214 S Central Ave, Unit 1 in the in the West Side neighborhood starting from $750. The second greatest value Franklin apartment is the 418 N Mechanic St Model at 418 N Mechanic St, Unit C starting at $1,295 with a $0.86 price per square foot in the West Side neighborhood. Here is today’s list of the best values for Franklin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 214 S Central Ave, Unit 1 | 214 S Central Ave | 1BR,1BA | $0.37 |
| 418 N Mechanic St, Unit C | 418 N Mechanic St | 3BR,1BA | $0.86 |
| Yellowbud Place | 3 Bedroom Unit | 3BR,1.5BA | $0.75 |
| 128 N Gallatin Ave, Unit A | 128 N Gallatin Ave | 2BR,1BA | $0.70 |
| 15 W Church St, Unit C | 15 W Church St | 2BR,1BA | $0.82 |
| Alpine Village | Two Bedroom | 2BR,1BA | $0.94 |
| Bayberry Place | 2 Bedroom Unit | 2BR,1BA | $0.82 |
| Greene Gables | 1 Bedroom | 1BR,1BA | $0.91 |
| 84 Bowery St, Unit 1 | 84 Bowery St | 2BR,1BA | $1.14 |
| Bayridge Greene | One Bedroom | 1BR,1BA | $1.18 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin, MD Rentals by Map
See the most popular apartments and homes in Franklin, MD
Frequently Asked Questions about Cheap Franklin Apartments
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $659 at Greene Gables.
What is the lowest price for a Cheap Two Bedroom Franklin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Franklin is starting from $754 at Bayberry Place.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Magnolia Greene and starts from $815.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.



