Cheap Apartments for Rent in Franklin, MI from $700 (23 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Pebble Creek
1 to 3 Bedroom Apartments

Pebble Creek

28600 Pebblecreek PkySouthfield, MI 48034
  • Utilities Included

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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Twyckingham Valley
1 to 2 Bedroom Apartments

Twyckingham Valley

22277 W 12 Mile RdSouthfield, MI 48034
  • Utilities Included
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Wakefield Apartments
2 to 3 Bedroom Apartments

Wakefield Apartments

29090 Tiffany Dr ESouthfield, MI 48034
  • Utilities Included
Showing Results 1-23, Page 1 of 1

Franklin, MI Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, MI is a 1 Bed unit found at Regal Towers in the Woodcreek neighborhood priced from $779. Parc on 12 in the Woodcreek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $920. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Regal Towers1 Bedroom1BR,1BA$779
Parc on 12Nelson - Edward1BR,1BA$920
Park at Franklin Senior LivingRobin1BR,1BA$949
The FranklinStudio - AStudio,1BA$1,005
Pebble Creek1 Bed 1 Bath1BR,1BA$1,006

Best Value Apartments for Rent in Franklin, MI and Nearby

As of May 31, 2025 the best value apartment in the Franklin area is the $1.31 price per square foot Henry Model at Lancaster Hills in the in the Northwestern Highway neighborhood starting from $2,360. The second greatest value Franklin apartment is the C4 Renovated Model at Carnegie Park Apartments starting at $2,200 with a $1.47 price per square foot in the Woodcreek neighborhood. 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.
Lancaster HillsHenry3BR,2BA$1.31
Carnegie Park ApartmentsC4 Renovated2BR,2BA$1.47
Uptown 11 Townhouses3 Bedroom 1.5 Bath Townhome3BR,1.5BA$1.46
Colony Park Apartments1 Bedroom 1 Bath1BR,1BA$1.45
Franklin River Apartments1 Bedroom 1 Bath1BR,1BA$1.34
Pine Aire1 Bedroom / 1 Bath1BR,1BA$1.20
The PinesOne Bedroom1BR,1BA$1.26
Pebble Creek1 Bed 1 Bath1BR,1BA$1.24
Regal Towers1 Bedroom1BR,1BA$1.18
Parc on 12Nelson - Edward1BR,1BA$1.42

Quick Rent Budget Calculator

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

Explore Franklin, MI Rentals by Map

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See the most popular apartments and homes in Franklin, MI

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Getting Around Franklin, MI

Walk Score®

54 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $779 at Regal Towers.

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 $929 at Regal Towers.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Pebble Creek and starts from $1,389.

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.

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A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.