Cheap Apartments for Rent in Franklin, MN from $400 (26 Rentals)
Cheap Apartments in Franklin.

The Rock Apartments

The Nexus
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

301 6th St W
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

510 N Franklin St

309 9th St

308 8th St
Franklin, MN Local Guide

How much does it cost to rent an apartment in Franklin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Franklin Studio Apartments | $994 | $950 | $1,035 |
Franklin 1 Bedroom Apartments | $1,189 | $850 | $1,895 |
Franklin 2 Bedroom Apartments | $1,295 | $625 | $2,125 |
Franklin 3 Bedroom Apartments | $1,522 | $1,150 | $1,990 |
Franklin 4 Bedroom Apartments | $1,161 | $975 | $1,700 |
Browse Top Apartments in Franklin
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Franklin, MN Local Guide
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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. 45 N High Dr NW in the Downtown Hutchinson neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $695. Here is today’s list of the most affordable Franklin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
RC Square Apartments | 2 Bedroom | 2BR,1BA | $625 |
45 N High Dr NW | 2 bedroom | 2BR,1BA | $695 |
The Rock Apartments | GF: 2 Bed 1 Bath | 2BR,1BA | $750 |
Bethel On Bryant | Renville - 2/1 | 2BR,1BA | $750 |
The Nexus | 235 - 2 BR/1 BA | 2BR,1BA | $795 |
Briarwood Estates | 901 Pearl Ave | 2BR,1BA | $850 |
Suite Liv'n - Marshall | One Bedroom | 1BR,1BA | $850 |
Red Skye Lofts | 1 Bedroom | 1BR,1BA | $890 |
Country Club Manor | 1 Bedroom 1 Bathroom | 1BR,1BA | $895 |
Welco West | Studio | Studio,1BA | $950 |
Best Value Apartments for Rent in Franklin, MN and Nearby
As of May 07, 2025 the best value apartment in the Franklin area is the $1.32 price per square foot 2 Bed 2 Bath Upper Level Luxury Model at Ward Rentals in Hutchinson in the starting from $1,625. The second greatest value Franklin apartment is the 3 Bedroom 2 Bath Model at Sleepy Eye Apartments Homes starting at $1,620 with a $1.35 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. |
---|---|---|---|
Ward Rentals in Hutchinson | 2 Bed 2 Bath Upper Level Luxury | 2BR,2BA | $1.32 |
Sleepy Eye Apartments Homes | 3 Bedroom 2 Bath | 3BR,2BA | $1.35 |
Windom Landing | 2 Bedroom - Lower Level ADA | 2BR,2BA | $0.89 |
Traverse Green Apartments | 2x2 | 2BR,2BA | $1.38 |
Briarwood Estates | 901D Briarwood | 3BR,2BA | $1.30 |
Red Skye Lofts | 1 Bedroom | 1BR,1BA | $0.91 |
Lakeside Apartments | B - 2 Bed 2 Bath Lakeview | 2BR,2BA | $1.37 |
RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
Bethel On Bryant | Renville - 2/1- Premium | 2BR,1BA | $1.33 |
45 N High Dr NW | 2 bedroom | 2BR,1BA | $0.82 |
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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 The Nexus listed at $795.
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $850 at Suite Liv'n - Marshall.
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 College Green and starts from $1,150.
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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.