Cheap Apartments for Rent in Franklin, MI from $800 (24 Rentals)

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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.

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Imperial Apartments
Studio to 3 Bedroom Apartments

Imperial Apartments

27600 Franklin RdSouthfield, MI 48034
  • Utilities Included

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.

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Parc on 12
1 to 2 Bedroom Apartments

Parc on 12

24710 W 12 Mile RdSouthfield, MI 48034
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Pebble Creek
1 to 3 Bedroom Apartments

Pebble Creek

28600 Pebblecreek PkySouthfield, 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
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Twyckingham Valley
1 to 2 Bedroom Apartments

Twyckingham Valley

22277 W 12 Mile RdSouthfield, MI 48034
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
Regal Towers1 Bedroom1BR,1BA$819
Parc on 12Nelson - Edward1BR,1BA$875
The Lakes2 Bed 1 Bath2BR,1BA$970
The FranklinStudio - AStudio,1BA$1,005
ReNew Franklin Hills1x11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Edge At Farmington Hills - Farmington Hills, MIThe Charleston2BR,2BA$1.16
Glens of Bloomfield2 Bed 2 Bath - 1400 sf2BR,2BA$1.11
Lancaster HillsBolingbroke2BR,2BA$1.30
Colony Park ApartmentsThe Cheshire (2BR / 2BA)2BR,2BA$1.31
Pebble Creek3 Bed 2 Bath3BR,2BA$1.24
Regal Towers3 Bedroom3BR,2BA$1.18
Retreat at FarmingtonWatercrest2BR,1BA$1.33
Franklin River Apartments1B1BR,1BA$1.33
ReNew Franklin Hills1x1 Upgraded1BR,1BA$1.44
Parc on 12Nelson - Edward1BR,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.

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The 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.

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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.

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The 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

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

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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

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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 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.

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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

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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.

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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.

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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.

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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.