Cheap Homes for Rent in East Side Neighborhood of Franklin, MI from $1,200 (14 Rentals)

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Search the lowest-cost Homes available for rent right now in the East Side area of Franklin.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 487 N Eton St

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

2 Bedroom, 2 Bath Condo for Rent

Available Now

487 N Eton St, Unit B 6, Unit B 6

487 N Eton St
BirminghamMI48009
property at 3175 Oakshire Ave

$1,775

Total Monthly Price

Total Monthly Price

Base Rent
$1,775

Total Monthly Price
$1,775

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

3175 Oakshire Ave

BerkleyMI48072

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.

East Side, Franklin, MI Local Guide

Cheapest Available East Side Apartments for Rent

 

The cheapest available apartment rental in the East Side area of Detroit, MI is a 1 Bed unit found at Altitude Apartments East priced from $950. Philamer has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable East Side apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Altitude Apartments East1 Bed / 1 Bath1BR,1BA$950
PhilamerOne Bed1BR,1BA$1,000
Parkview ApartmentsOne Bedroom1BR,1BA$1,050
Amber Court ApartmentsAlberta I1BR,1BA$1,095
Oakwood Villa Apartments2 Bedroom2BR,1BA$1,180

Best Value Apartments for Rent in East Side, MI

As of April 15, 2026 the best value apartment in the East Side area is the $1.29 price per square foot Two Bedroom/Two Bath Model at Corner Place Apartments in the in the Fries Park neighborhood starting from $1,675. The second greatest value East Side apartment is the The Cheshire (2BR / 2BA) Model at Colony Park Apartments starting at $1,650 with a $1.32 price per square foot in the East Side neighborhood. Here is today’s list of the best values for East Side apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Corner Place ApartmentsTwo Bedroom/Two Bath2BR,2BA$1.29
Colony Park ApartmentsThe Cheshire (2BR / 2BA)2BR,2BA$1.32
Kensington At Beverly HillsWilshire2BR,2BA$1.59
Lincoln House2 Bedroom2BR,1BA$1.69
Cranbrook Centre - Southfield, MI1 Bedroom1BR,1BA$1.47
Parkview ApartmentsOne Bedroom1BR,1BA$1.17
Oakwood Villa Apartments2 Bedroom2BR,1BA$1.35
Metropolitan 13 Flats2 Bedroom 1 Bath2BR,1BA$1.67
PhilamerOne Bed1BR,1BA$1.35
Altitude Apartments East1 Bed / 1 Bath1BR,1BA$1.58

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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Frequently Asked Questions about East Side

What type of rentals are currently available in East Side?

There are currently 110 Apartments for Rent in East Side, MI with pricing that ranges from $1,000 to $13,000. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Side ranging from $1,225 to $25,000.

What is the current price range for Rental Homes in East Side?

Today's rental pricing for Homes for Rent, Condos and Townhomes in East Side ranges from $1,225 to $25,000 with an average monthly rent of $7,600.

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

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 The Best Detroit Area Neighborhoods for Off-Campus Housing Renters article

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.

decorative image for The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown article

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.

decorative image for Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers article

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers

Written by: Tim Brown

The auto industry remains the largest employment sector in the Motor City and surrounding communities, though the metro area has a significant presence in other sectors, including medical and financial services.

Articles, How-To's, and Tips

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.