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$525 - $761
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowRC Square Apartments
1116 Birch StMarshall, MN 56258
Cheap Apartments for Rent in Franklin, MN from $400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.
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$565 - $725
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowDouglas Manor Apartments
902 S Douglas StLamberton, MN 56152
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$695
Plus Fees1 Month Lease Term
2 Bedroom Apartments Available Now45 N High Dr NW
45 N High Dr NWHutchinson, MN 55350
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$750 - $950
Plus Fees
Studio to 1 Bedroom Apartments Available Now1212 Heckman Ct
1212 Heckman CtSt. James, MN 56081
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$795 - $1,695
Plus Fees
Studio to 4 Bedroom Apartments Available NowThe Nexus
231-235 Legion Field RdMarshall, MN 56258
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$800 - $950
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowAutumn Glen Apartments
822 W Main St WArlington, MN 55307
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.
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$800 - $900
Plus Fees
1 to 2 Bedroom Apartments Available Now907 Dale St Apartments
907 Dale St SWHutchinson, MN 55350
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$800 - $950
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowNyberg Apartments 55+
1709 5th St SWWillmar, MN 56201
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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.
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633 S 2nd St
MankatoMN56001
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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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.
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Showing Results 1-25, Page 1 of 1
Franklin, MN Local Guide
Touch the Sky Prairie by Michel Curi is licensed under CC BY 2.0
How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments | $876 | $750 | $1,065 |
| Franklin 1 Bedroom Apartments | $1,103 | $565 | $1,500 |
| Franklin 2 Bedroom Apartments | $1,265 | $615 | $1,890 |
| Franklin 3 Bedroom Apartments | $1,534 | $725 | $2,300 |
| Franklin 4 Bedroom Apartments | $1,148 | $975 | $1,695 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, MN Local Guide
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Available Franklin Apartments for Rent and Nearby
The cheapest available apartment rental in Franklin, MN is a 1 Bed unit found at RC Square Apartments in the Downtown Marshall neighborhood priced from $525. Douglas Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $565. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RC Square Apartments | 1 Bedroom | 1BR,1BA | $525 |
| Douglas Manor Apartments | 1BR/1BA | 1BR,1BA | $565 |
| 1212 Heckman Ct | Studio | Studio,1BA | $750 |
| Autumn Glen Apartments | One Bedroom | 1BR,1BA | $800 |
| 907 Dale St Apartments | 1 Bedroom | 1BR,1BA | $800 |
Best Value Apartments for Rent in Franklin, MN and Nearby
As of October 23, 2025 the best value apartment in the Franklin area is the $1.19 price per square foot E - 3 Bed Lakeview Model at Lakeside Apartments in the starting from $1,469. The second greatest value Franklin apartment is the 2 Bedroom - Upper Level Model at Windom Landing starting at $975 with a $0.84 price per square foot . 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. |
|---|---|---|---|
| Lakeside Apartments | E - 3 Bed Lakeview | 3BR,2BA | $1.19 |
| Windom Landing | 2 Bedroom - Upper Level | 2BR,2BA | $0.84 |
| 1212 Heckman Ct | Studio | Studio ,1BA | $0.83 |
| Nyberg Apartments 55+ | 2 Bed | 2BR,1BA | $1.00 |
| Mansard Apartments | Two Bedroom and 1 Bath | 2BR,1BA | $1.06 |
| Parkview Terrace | Corner | 2BR,1BA | $1.16 |
| 1505 Becker Ave SE | 1 bed 1 bath | 1BR,1BA | $1.18 |
| 907 Dale St Apartments | 1 Bedroom | 1BR,1BA | $1.23 |
| Douglas Manor Apartments | 1BR/1BA | 1BR,1BA | $0.90 |
| RC Square Apartments | 1 Bedroom | 1BR,1BA | $1.01 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe 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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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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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin, MN Rentals by Map
See the most popular apartments and homes in Franklin, MN
Getting Around Franklin, MN
Walk Score®
10 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
26 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Franklin Apartments
What is the Cheapest Studio apartment in Franklin?
Currently the most affordable Cheap Studio Apartment in Franklin is at 1212 Heckman Ct listed at $750.
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $525 at RC Square Apartments.
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 $615 at Douglas Manor Apartments.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Douglas Manor Apartments and starts from $725.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.