
Cheap Apartments for Rent in Franklin, MI from $800 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.


Regal Towers

The Pines

Parc on 12

12 North

Pine Aire

The Lakes

The Franklin
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.

ReNew Franklin Hills

Woodcrest Apartments

Retreat at Farmington

The Addison at Southfield

Franklin River Apartments

Village Club on Franklin

Park at Franklin Senior Living

Imperial Apartments
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.

32005 W 12 Mile Rd

Parc on 12

Pebble Creek

Wakefield Apartments

Twyckingham Valley

30445 W 14 Mile Rd

27654 Echo Valley W

32013 W 12 Mile Rd
The Detroit Insiders Renting Guide: A Local's Look Under the Hood
Moving to Detroit? Get the local breakdown on affordable rental options, easy commutes, and how to navigate the People Mover and Q-Line downtown.
Franklin, MI Local Guide

How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments | $1,032 | $800 | $1,850 |
| Franklin 1 Bedroom Apartments | $1,277 | $819 | $2,000 |
| Franklin 2 Bedroom Apartments | $1,632 | $1,015 | $3,400 |
| Franklin 3 Bedroom Apartments | $2,247 | $1,354 | $3,600 |
| Franklin 4 Bedroom Apartments | $3,092 | $2,435 | $3,900 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, MI Local Guide
- Franklin Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $819. Parc on 12 in the Northwestern Highway neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Regal Towers | 1 Bedroom | 1BR,1BA | $819 |
| Parc on 12 | Nelson - Edward | 1BR,1BA | $875 |
| The Lakes | 2 Bed 1 Bath | 2BR,1BA | $970 |
| The Franklin | Studio - A | Studio,1BA | $1,005 |
| ReNew Franklin Hills | 1x1 | 1BR,1BA | $1,109 |
Best Value Apartments for Rent in Franklin, MI and Nearby
As of January 26, 2026 the best value apartment in the Franklin area is the $1.16 price per square foot The Charleston Model at Edge At Farmington Hills - Farmington Hills, MI in the in the Woodcreek neighborhood starting from $2,125. The second greatest value Franklin apartment is the 2 Bed 2 Bath - 1400 sf Model at Glens of Bloomfield starting at $1,560 with a $1.11 price per square foot in the Northwestern Highway 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. |
|---|---|---|---|
| Edge At Farmington Hills - Farmington Hills, MI | The Charleston | 2BR,2BA | $1.16 |
| Glens of Bloomfield | 2 Bed 2 Bath - 1400 sf | 2BR,2BA | $1.11 |
| Lancaster Hills | Bolingbroke | 2BR,2BA | $1.30 |
| Colony Park Apartments | The Cheshire (2BR / 2BA) | 2BR,2BA | $1.31 |
| Pebble Creek | 3 Bed 2 Bath | 3BR,2BA | $1.24 |
| Regal Towers | 3 Bedroom | 3BR,2BA | $1.18 |
| Retreat at Farmington | Watercrest | 2BR,1BA | $1.33 |
| Franklin River Apartments | 1B | 1BR,1BA | $1.33 |
| ReNew Franklin Hills | 1x1 Upgraded | 1BR,1BA | $1.44 |
| Parc on 12 | Nelson - Edward | 1BR,1BA | $1.35 |
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 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 ArticleCash 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.
Read ArticleThe Best Detroit Area Neighborhoods for Off-Campus Housing Renters
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Detroit area for Off-Campus Student Housing. Find your perfect Detroit Student apartment, condo, or rental home today at ApartmentHomeliving.com
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, MI Rentals by Map
See the most popular apartments and homes in Franklin, MI
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 $819 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 $959 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 Regal Towers and starts from $1,354.
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.
Helpful Local Expert Guides

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.

The Best Detroit Area Neighborhoods for Off-Campus Housing Renters
Written by: Tim Brown
Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.

The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown
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 and have witnessed the city and its surrounding metro area undergo a renaissance.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.