31136 W 10 Mile Rd
Farmington HillsMI48336
Cheap Homes for Rent near Franklin, MI from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
22600 Middlebelt Rd
Farmington HillsMI48336
30052 W 12 Mile Rd
Farmington HillsMI48334
24056 Middlebelt Rd
Farmington HillsMI48336
30204 Southfield Rd
SouthfieldMI48076
30276 Southfield Rd
SouthfieldMI48076
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24060 Middlebelt Rd
Farmington HillsMI48336
19639 W 12 Mile Rd
SouthfieldMI48076
30042 W 12 Mile Rd, Unit 56
30042 W 12 Mile Rd
Farmington HillsMI48334
5000 Town Center
SouthfieldMI48075
30042 W 12 Mile Rd
Farmington HillsMI48334
29880 W 12 Mile Rd
Farmington HillsMI48334
Rent According to Income: A Look at Income-Restricted Rentals
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27915 Berrywood Ln
Farmington HillsMI48334
Showing Results 1-13, Page 1 of 1
Franklin, MI Local Guide
Downtown Franklin by Traveler100 is licensed under CC BY-SA 3.0
How much does it cost to rent a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,810 | $1,299 | $3,500 |
| Franklin 3 Bedroom Homes for Rent | $2,570 | $1,850 | $3,200 |
| Franklin 4 Bedroom Homes for Rent | $4,438 | $2,495 | $7,000 |
| Franklin 5 Bedroom Homes for Rent | $4,000 | $3,300 | $4,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Franklin, MI Local Guide
- Franklin Neighborhoods
- Nearby Cities
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Cheapest Available Franklin Apartments for Rent and Nearby
The cheapest available apartment rental in Franklin, MI is a Studio unit found at Oak Ridge in the Southfield neighborhood priced from $800. Pine Aire in the Southfield neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $915. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oak Ridge | Studio | Studio,1BA | $800 |
| Pine Aire | Studio | Studio,1BA | $915 |
| Parc on 12 | Nelson - Edward | 1BR,1BA | $1,000 |
| The Franklin | Studio - A | Studio,1BA | $1,005 |
| Regal Towers | 2 Bedroom | 2BR,1BA | $1,054 |
Best Value Apartments for Rent in Franklin, MI and Nearby
As of July 28, 2026 the best value apartment in the Franklin area is the $1.37 price per square foot The Charleston Model at Edge At Farmington Hills - Farmington Hills, MI in the in the Woodcreek neighborhood starting from $2,500. The second greatest value Franklin apartment is the Malone Model at Glens of Bloomfield starting at $2,155 with a $1.54 price per square foot in the Bloomfield Hills neighborhood. Here is today’s list of the best values for Franklin apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Edge At Farmington Hills - Farmington Hills, MI | The Charleston | 2BR,2BA | $1.37 |
| Glens of Bloomfield | Malone | 2BR,2BA | $1.54 |
| Lancaster Hills | Woodville | 2BR,2BA | $1.16 |
| Carnegie Park Apartments | A2 Renovated | 1BR,1BA | $1.52 |
| Franklin River Apartments | 1BR | 1BR,1BA | $1.57 |
| Regal Towers | 2 Bedroom | 2BR,1BA | $1.23 |
| The Pines | One Bedroom | 1BR,1BA | $1.26 |
| Woodcrest Apartments | 1 Bedroom / 1 Bath upper | 1BR,1BA | $1.35 |
| The Lakes | 1 BED 1 BATH STYLE A | 1BR,1BA | $1.54 |
| The Addison at Southfield | A1 | 1BR,1BA | $1.57 |
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 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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 51 Apartments for Rent in Franklin, MI with pricing that ranges from $800 to $3,900. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $800 to $7,000.
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 $800 to $7,000 with an average monthly rent of $2,816.
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 $1,349 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,200. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $3,600.
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
Exploring Metro Detroit: A Neighborhood-by-Neighborhood Rental Guide
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I'm Tim, your ApartmentHomeLiving.com Local Expert for Metro Detroit. As covered in other articles, the City of Detroit has much to offer to renters.
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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.
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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.
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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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