Cheap Apartments for Rent in Franklin, MN from $300 (72 Rentals)

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

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Somerset Properties
Rent Specials
$876 - $1,401
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$876 - $1,401
Total Monthly Price
$876 - $1,401
2 to 3 Bedroom Apartments Available Now

Somerset Properties

1401-1405 19th Ave SEWillmar, MN 56201
Cost Per Sq.Ft.
  • Verified
  • Utilities Included
  • Low Income

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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Regency Apartments
$1,000 - $1,250
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000 - $1,250
Total Monthly Price
$1,000 - $1,250
1 to 2 Bedroom Apartments Available Now

Regency Apartments

235 Echo CirHutchinson, MN 55350
Student Housing
  • Verified
  • Smoke Free
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Block 25 Lofts
$1,010 - $1,185
Total Monthly Price

Total Monthly Price

Base Rent
$995 - $1,170
Required Monthly Fees
$15
Total Monthly Price
$1,010 - $1,185
Studio to 1 Bedroom Apartments Available Jun 5

Block 25 Lofts

103 3rd St SWWillmar, MN 56201
  • Verified
  • 3D Tour

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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The Preserve on 24th
Rent Specials
$1,065 - $1,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,065 - $1,475
Total Monthly Price
$1,065 - $1,475
Studio to 2 Bedroom Apartments Available Now

The Preserve on 24th

401 24th AveWillmar, MN 56201
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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Sunrise Manor
2 to 3 Bedroom Apartments

Sunrise Manor

500 Remmele St SWSleepy Eye, MN 56085
  • Utilities Included
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Fairview Apartments
1 to 2 Bedroom Apartments

Fairview Apartments

11 Park St NFairfax, MN 55332
Senior Living
  • Utilities Included
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330 4th St SW
Studio to 1 Bedroom Apartments

330 4th St SW

330 4th St SWWillmar, MN 56201
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River Ridge Apartments
1 to 2 Bedroom Apartments

River Ridge Apartments

201 S Minnesota StRedwood Falls, MN 56283
  • Utilities Included
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Southview Apartments
1 to 2 Bedroom Apartments

Southview Apartments

200 10th Ave SEFairfax, MN 55332
  • Utilities Included

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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Grove Heights Townhomes
1 to 2 Bedroom Apartments

Grove Heights Townhomes

500-614 Maple LnGrove City, MN 56243
  • Utilities Included
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Lake Place II
1 to 2 Bedroom Apartments

Lake Place II

1421 Lake Ave NWWillmar, MN 56201
  • Utilities Included
property at 539 Pacific Ave SW

$648 - $4,200

Total Monthly Price

Total Monthly Price

Base Rent
$648
Total Monthly Price
$648

1 To 6 Bedroom Rentals

Available Now

539 Pacific Ave SW

WillmarMN56201
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Bethel On Bryant
1 to 2 Bedroom Apartments

Bethel On Bryant

419-427 Bryant Ave NWRenville, MN 56284
  • Utilities Included
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131 W 11th St
1 to 2 Bedroom Apartments

131 W 11th St

131 W 11th StGibbon, MN 55335
  • Utilities Included
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Autumn Glen Apartments
1 to 2 Bedroom Apartments

Autumn Glen Apartments

822 W Main St WArlington, MN 55307
Senior Living
  • Utilities Included
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Autumn Glen Townhomes
1 to 2 Bedroom Apartments

Autumn Glen Townhomes

502-510 W 8th StWinthrop, MN 55396
  • Utilities Included

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.

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Showing Results 1-50, Page 1 of 2

Franklin, MN Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, MN is a 2 Beds unit found at RC Square Apartments in the Downtown Marshall neighborhood priced from $625. Bethel On Bryant has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
RC Square Apartments2 Bedroom2BR,1BA$625
Bethel On BryantRenville - 1/11BR,1BA$745
Suite Liv'N - WillmarStudio 1 BathStudio,1BA$745
1212 Heckman CtStudioStudio,1BA$750
Suite Liv'n - MarshallOne Bedroom1BR,1BA$775
Parkview Apartments1 Bed, 1 bath1BR,1BA$792
Parkview Apartments1 Bed, 1 bath1BR,1BA$795
Downtown Estates1 Bed, 1 bath1BR,1BA$795
907 Dale St Apartments1 Bedroom1BR,1BA$800
Red Skye Lofts1 Bedroom1BR,1BA$800

Best Value Apartments for Rent in Franklin, MN and Nearby

As of April 24, 2026 the best value apartment in the Franklin area is the $0.89 price per square foot 2 Bedroom - Lower Level ADA Model at Windom Landing in the starting from $975. The second greatest value Franklin apartment is the 2 Beds, 1 bath Model at Parkview Apartments starting at $815 with a $0.80 price per square foot . 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.
Windom Landing2 Bedroom - Lower Level ADA2BR,2BA$0.89
Parkview Apartments2 Beds, 1 bath2BR,1BA$0.80
Valleyside Townhomes2BR/1 Bath One Level2BR,1BA$1.05
Red Skye Lofts2 Bedroom2BR,1BA$0.93
Somerset PropertiesTwo Bedroom B - Somerset2BR,1BA$0.97
1212 Heckman CtStudioStudio ,1BA$0.83
RC Square Apartments2 Bedroom2BR,1BA$0.70
Downtown Estates1 Bed, 1 bath1BR,1BA$0.99
Bethel On BryantRenville - 1/11BR,1BA$0.96
Hartshorn Manor1 Bed, 1 bath1BR,1BA$1.12

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Franklin, MN Rentals by Map

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See the most popular apartments and homes in Franklin, MN

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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 Suite Liv'N - Willmar listed at $745.

How much is rent for a Cheap One Bedroom Franklin Apartment?

The lowest price for a Cheap One Bedroom Franklin Apartment is $745 at Bethel On Bryant.

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 $625 at RC Square Apartments.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Suite Liv'N - Willmar and starts from $1,150.

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.

Articles, How-To's, and Tips

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.