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

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Pebble Creek
1 to 3 Bedroom Apartments

Pebble Creek

28600 Pebblecreek PkySouthfield, MI 48034
  • Utilities Included
close
View Me
Imperial Apartments
Studio to 3 Bedroom Apartments

Imperial Apartments

27600 Franklin RdSouthfield, MI 48034
  • Utilities Included
close
View Me
Parc on 12
1 to 2 Bedroom Apartments

Parc on 12

24710 W 12 Mile RdSouthfield, MI 48034
close
View Me
Twyckingham Valley
1 to 2 Bedroom Apartments

Twyckingham Valley

22277 W 12 Mile RdSouthfield, MI 48034
  • Utilities Included
close
View Me
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 Parc on 12 in the Northwestern Highway neighborhood priced from $735. Regal Towers in the Woodcreek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parc on 12Nelson - Edward1BR,1BA$735
Regal Towers1 Bedroom1BR,1BA$799
The Lakes2 Bed 1 Bath2BR,1BA$1,000
The FranklinStudio - AStudio,1BA$1,005
The PinesOne Bedroom1BR,1BA$1,055

Best Value Apartments for Rent in Franklin, MI and Nearby

As of October 26, 2025 the best value apartment in the Franklin area is the $1.37 price per square foot The Charleston Model at Edge At Farmington Hills in the in the Woodcreek neighborhood starting from $2,500. The second greatest value Franklin apartment is the Woodville Model at Lancaster Hills starting at $1,690 with a $1.21 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 HillsThe Charleston2BR,2BA$1.37
Lancaster HillsWoodville2BR,2BA$1.21
Glens of Bloomfield2 Bed 2 Bath - 1400 sf2BR,2BA$1.36
Colony Park Apartments2 Bedroom 2 Bath2BR,2BA$1.31
Pebble Creek3 Bed 2 Bath3BR,2BA$1.24
Carnegie Park ApartmentsC1 Renovated2BR,2BA$1.40
Franklin River Apartments1B1BR,1BA$1.20
The PinesOne Bedroom1BR,1BA$1.26
Regal Towers1 Bedroom1BR,1BA$1.21
Parc on 12Nelson - Edward1BR,1BA$1.13

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Franklin, MI Rentals by Map

Decorative image of map

See the most popular apartments and homes in Franklin, MI

View Map
Franklin, MI Apartments Map
View Map
Franklin, MI Rental Homes Map

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 $735 at Parc on 12.

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 $989 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 $1,349.

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.

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

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.