Cheap Homes for Rent near Franklin, MD from $700 (27 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

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property at 26 W College Ave
$895

Total Monthly Price

Base Rent$895

Total Monthly Price$895
1 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

26 W College Ave

FrostburgMD21532

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.

property at 206 Pear St
$1,000

Total Monthly Price

Base Rent$1,000

Total Monthly Price$1,000
3 Bedroom, 1 Bath Townhome for Rent
Available Now

206 Pear St

CumberlandMD21502
property at 233 E Pitt St
$1,100

Total Monthly Price

Base Rent$1,100

Total Monthly Price$1,100
1 Bedroom, 1 Bath Condo for Rent
Available Now

233 E Pitt St, Unit 5

233 E Pitt St
BedfordPA15522

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.

property at 72 E College Ave
$1,100

Total Monthly Price

Base Rent$1,100

Total Monthly Price$1,100
3 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

72 E College Ave

FrostburgMD21532
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Franklin, MD Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, MD is a 1 Bed unit found at Cumberland Meadows in the East Side neighborhood priced from $410. Lee Street Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $524. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cumberland Meadows1 Bedroom/1 Bath1BR,1BA$410
Lee Street Apartments1 Bed, 1 bath1BR,1BA$524
Greene Gables1 Bedroom1BR,1BA$712
Bayridge Greene1x11BR,1BA$740
Bayberry Place2x22BR,2BA$754
RentFrostburg Apartments - 88 Park Lane2 bedroom2BR,1BA$770
Muirwood Greene2 Bdrm2BR,1BA$790
Woodlands Hills Townhomes2 Bedroom / 1 Bathroom2BR,1BA$795

Best Value Apartments for Rent in Franklin, MD and Nearby

As of September 07, 2026 the best value apartment in the Franklin area is the $0.87 price per square foot 203 Greene St Model at 203 Greene St, Unit 203 GREENE ST APT 4 in the in the West Side neighborhood starting from $1,300. The second greatest value Franklin apartment is the 3 Bdrm Model at Yellowbud Place starting at $901 with a $0.75 price per square foot . Here is today’s list of the best values for Franklin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
203 Greene St, Unit 203 GREENE ST APT 4203 Greene St2BR,2BA$0.87
Yellowbud Place3 Bdrm3BR,1.5BA$0.75
126 Cleveland Ave, Unit B126 Cleveland Ave3BR,1BA$0.74
183 S Mount Vernon Ave, Unit Rear183 S Mount Vernon Ave2BR,1.5BA$0.64
Bayberry Place2x22BR,2BA$0.82
Cumberland Meadows2 Bedroom/1 Bath2BR,1BA$0.79
Woodlands Hills Townhomes2 Bedroom / 1 Bathroom2BR,1BA$0.88
Keyser Greene2 Bdrm2BR,1BA$0.92
Muirwood Greene2 Bdrm2BR,1BA$0.92
Lee Street Apartments1 Bed, 1 bath1BR,1BA$0.75

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

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Frequently Asked Questions about Franklin

What type of rentals are currently available in Franklin?

There are currently 41 Apartments for Rent in Franklin, MD with pricing that ranges from $524 to $1,800. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $700 to $2,700.

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 $700 to $2,700 with an average monthly rent of $1,396.

How much are larger Three and Four Bedroom Rentals in Franklin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $775 to $1,643, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,800.

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.