
Cheap Homes for Rent in Franklin, MD from $600 (19 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.


61 S Broadway

113-113 Blackwater Ave

623 Columbia Ave

404 Walnut St, Unit B

404 Walnut St, Unit A
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.

359 Connellsville St

203 Old Pittsburgh Rd

416 Maryland Ave

205 Griscom St

16 S Broadway

133 Virginia Ave
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.

623 Columbia Ave, Unit B

307 Old Rte 51

26 W College Ave

459 W Pitt St

626 W Piedmont St

1313 Virginia Ave
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

27 Pennsylvania Ave
Franklin, MD Local Guide

How much does it cost to rent a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,075 | $635 | $1,650 |
| Franklin 3 Bedroom Homes for Rent | $1,671 | $995 | $2,395 |
| Franklin 4 Bedroom Homes for Rent | $1,787 | $1,600 | $2,100 |
Browse Top Homes for Rent in Franklin
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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 Cumberland Meadows in the East Side neighborhood priced from $410. Allegany Junction in the East Side neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $497. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cumberland Meadows | 1 Bedroom/1 Bath | 1BR,1BA | $410 |
| Allegany Junction | 2 Bedroom/1 Bath | 2BR,1BA | $497 |
| Lee Street Apartments | 1 Bed, 1 bath | 1BR,1BA | $524 |
| Muirwood Greene | 1 Bedroom Unit | 1BR,1BA | $715 |
| Bayberry Place | 2 Bedroom Unit | 2BR,1BA | $754 |
Best Value Apartments for Rent in Franklin, MD and Nearby
As of June 08, 2026 the best value apartment in the Franklin area is the $0.93 price per square foot 2 Bedroom 1 bath Model at Morgantown Townhomes in the starting from $975. The second greatest value Franklin apartment is the 3 Bedroom/2 Bath Model at Allegany Junction starting at $804 with a $0.77 price per square foot in the East 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. |
|---|---|---|---|
| Morgantown Townhomes | 2 Bedroom 1 bath | 2BR,1BA | $0.93 |
| Allegany Junction | 3 Bedroom/2 Bath | 3BR,2BA | $0.77 |
| Yellowbud Place | 2 Bedroom Unit | 2BR,1.5BA | $0.81 |
| Bayberry Place | 2 Bedroom Unit | 2BR,1BA | $0.82 |
| Greene Gables | 2 Bedroom | 2BR,1BA | $0.90 |
| Bayridge Greene | Two Bedroom | 2BR,1.5BA | $0.94 |
| Keyser Greene | Two Bedroom | 2BR,1BA | $0.92 |
| Cumberland Meadows | 1 Bedroom/1 Bath | 1BR,1BA | $0.58 |
| Lee Street Apartments | 1 Bed, 1 bath | 1BR,1BA | $0.75 |
| Muirwood Greene | 1 Bedroom Unit | 1BR,1BA | $1.04 |
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 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
How much rent can you afford?
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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Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 38 Apartments for Rent in Franklin, MD with pricing that ranges from $497 to $1,800. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $625 to $2,395.
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 $625 to $2,395 with an average monthly rent of $1,314.
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 $804 to $1,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,600 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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.