
Cheap Homes for Rent near Franklin, MD from $700 (27 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.


914-916 W Penn St

411 E Francis Ave

503 Alexandria Dr

307 Old Rte 51

315 Springdale St, Unit B
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.

205 Griscom St

400 Broadway St, Unit B

306 Alexandria Dr

404 Breeze Vw Dr

406 Alexandria Dr

4 Altamont Terrace, Unit 6
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

9 Via Milano

8 Via Milano

10900 Mason Rd NE

26 W College Ave

301 Alexandria Dr

110 N Main St
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.

18607 Northwestern Turnpike

19 Bob Cat Ct, Unit 6

206 Pear St

1313 Virginia Ave

1315 Virginia Ave

233 E Pitt St, Unit 5
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.

95 Presidents St

55 S Broadway, Unit Upper

72 E College 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 | $930 | $700 | $2,200 |
| Franklin 3 Bedroom Homes for Rent | $1,701 | $800 | $2,700 |
| Franklin 4 Bedroom Homes for Rent | $1,898 | $1,400 | $2,500 |
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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cumberland Meadows | 1 Bedroom/1 Bath | 1BR,1BA | $410 |
| Lee Street Apartments | 1 Bed, 1 bath | 1BR,1BA | $524 |
| Greene Gables | 1 Bedroom | 1BR,1BA | $712 |
| Bayridge Greene | 1x1 | 1BR,1BA | $740 |
| Bayberry Place | 2x2 | 2BR,2BA | $754 |
| RentFrostburg Apartments - 88 Park Lane | 2 bedroom | 2BR,1BA | $770 |
| Muirwood Greene | 2 Bdrm | 2BR,1BA | $790 |
| Woodlands Hills Townhomes | 2 Bedroom / 1 Bathroom | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 203 Greene St, Unit 203 GREENE ST APT 4 | 203 Greene St | 2BR,2BA | $0.87 |
| Yellowbud Place | 3 Bdrm | 3BR,1.5BA | $0.75 |
| 126 Cleveland Ave, Unit B | 126 Cleveland Ave | 3BR,1BA | $0.74 |
| 183 S Mount Vernon Ave, Unit Rear | 183 S Mount Vernon Ave | 2BR,1.5BA | $0.64 |
| Bayberry Place | 2x2 | 2BR,2BA | $0.82 |
| Cumberland Meadows | 2 Bedroom/1 Bath | 2BR,1BA | $0.79 |
| Woodlands Hills Townhomes | 2 Bedroom / 1 Bathroom | 2BR,1BA | $0.88 |
| Keyser Greene | 2 Bdrm | 2BR,1BA | $0.92 |
| Muirwood Greene | 2 Bdrm | 2BR,1BA | $0.92 |
| Lee Street Apartments | 1 Bed, 1 bath | 1BR,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.
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
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!
Explore Franklin, MD Rentals by Map
See the most popular apartments and homes in Franklin, MD
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

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.

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.

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.

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.