Cheap Homes for Rent in Franklin, MI from $1,100 (15 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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 $799. Parc on 12 in the Northwestern Highway neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $860. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Regal Towers1 Bedroom1BR,1BA$799
Parc on 12Nelson - Edward1BR,1BA$860
The LakesSTUDIOStudio,1BA$940
The FranklinStudio - AStudio,1BA$1,005
The PinesOne Bedroom1BR,1BA$1,055

Best Value Apartments for Rent in Franklin, MI and Nearby

As of August 16, 2025 the best value apartment in the Franklin area is the $1.17 price per square foot 3 Bed 2 Bath Model at Glens of Bloomfield in the in the Northwestern Highway neighborhood starting from $2,330. The second greatest value Franklin apartment is the The Arlington Model at Edge At Farmington Hills starting at $1,999 with a $1.19 price per square foot in the Woodcreek 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.
Glens of Bloomfield3 Bed 2 Bath3BR,2BA$1.17
Edge At Farmington HillsThe Arlington2BR,2BA$1.19
Carnegie Park ApartmentsC4 Renovated2BR,2BA$1.43
Lancaster HillsBolingbroke2BR,2BA$1.27
Franklin River Apartments2 BC2BR,2BA$1.25
Pebble Creek3 Bed 2 Bath3BR,2BA$1.24
Maple Place Apartments1-Bed x 1-Bath Garden Apartment1BR,1BA$1.43
The PinesOne Bedroom1BR,1BA$1.26
Regal Towers1 Bedroom1BR,1BA$1.21
Parc on 12Nelson - Edward1BR,1BA$1.35

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Frequently Asked Questions about Franklin

What type of rentals are currently available in Franklin?

There are currently 58 Apartments for Rent in Franklin, MI with pricing that ranges from $799 to $3,500. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $1,150 to $9,500.

What is the current price range for Rental Homes in Franklin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $1,150 to $9,500 with an average monthly rent of $3,881.

How much are larger Three and Four Bedroom Rentals in Franklin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $1,299 to $3,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $9,500. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $2,435.

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.