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.

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Pebble Creek
1 to 3 Bedroom Apartments

Pebble Creek

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

Imperial Apartments

27600 Franklin RdSouthfield, MI 48034
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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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Twyckingham Valley
1 to 2 Bedroom Apartments

Twyckingham Valley

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

Wakefield Apartments

29090 Tiffany Dr ESouthfield, MI 48034
  • Utilities Included

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

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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

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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.