1177 Chapin Ave
BirminghamMI48009
Cheap Homes for Rent in Franklin, MI from $1,000 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
25555 Lahser Rd
SouthfieldMI48033
24056 Middlebelt Rd
Farmington HillsMI48336
30028 W 12 Mile Rd
Farmington HillsMI48334
21771 Hidden Rivers Dr N
SouthfieldMI48075
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
27598 Echo Valley W
Farmington HillsMI48334
30042 W 12 Mile Rd
Farmington HillsMI48334
27689 Echo Valley E
Farmington HillsMI48334
20759 Seminole
SouthfieldMI48033
1407 E 14 Mile Rd
BirminghamMI48009
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
35300 Woodward Ave
BirminghamMI48009
22277 Atlantic Pointe
Farmington HillsMI48336
920 Henrietta St
BirminghamMI48009
21104 Inkster Rd
SouthfieldMI48033
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
21771 Fairway Dr
SouthfieldMI48033
Showing Results 1-15, 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 | $1,778 | $1,200 | $2,650 |
| Franklin 3 Bedroom Homes for Rent | $3,162 | $1,800 | $7,000 |
| Franklin 4 Bedroom Homes for Rent | $4,404 | $2,250 | $8,000 |
| Franklin 5 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
Browse Top Homes for Rent in Franklin
Explore Franklin
Franklin, MI Local Guide
- Franklin Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $925. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Regal Towers | 1 Bedroom | 1BR,1BA | $799 |
| Parc on 12 | Nelson - Edward | 1BR,1BA | $925 |
| Imperial Apartments | 1 Bedroom | 1BR,1BA | $949 |
| The Franklin | Studio - A | Studio,1BA | $1,005 |
| The Pines | One Bedroom | 1BR,1BA | $1,055 |
Best Value Apartments for Rent in Franklin, MI and Nearby
As of June 22, 2025 the best value apartment in the Franklin area is the $1.31 price per square foot Henry Model at Lancaster Hills in the in the Northwestern Highway neighborhood starting from $2,355. The second greatest value Franklin apartment is the C3 Renovated Model at Carnegie Park Apartments starting at $1,850 with a $1.49 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lancaster Hills | Henry | 3BR,2BA | $1.31 |
| Carnegie Park Apartments | C3 Renovated | 2BR,2BA | $1.49 |
| The Lakes | 2 BED 2 BATH CLUBHSE | 2BR,2BA | $1.50 |
| Colony Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.45 |
| Franklin River Apartments | 1B | 1BR,1BA | $1.30 |
| The Pines | One Bedroom | 1BR,1BA | $1.26 |
| Pebble Creek | 1 Bed 1 Bath | 1BR,1BA | $1.31 |
| Regal Towers | 1 Bedroom | 1BR,1BA | $1.21 |
| Parc on 12 | Nelson - Edward | 1BR,1BA | $1.42 |
| Imperial Apartments | 1 Bedroom | 1BR,1BA | $1.48 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 56 Apartments for Rent in Franklin, MI with pricing that ranges from $799 to $10,000. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $1,000 to $8,000.
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 $1,000 to $8,000 with an average monthly rent of $2,802.
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 $1,429 to $10,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $7,000. 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.
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.