512 Maple Ln
Grove CityMN56243
Cheap Homes for Rent near Franklin, MN from $800 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
313 5th St S
Grove CityMN56243
404 16th Ave SW
WillmarMN56201
325 E Washington St
MankatoMN56001
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
154 3rd Ave
SpicerMN56288
418 Allan Ave
North MankatoMN56003
325.5 McKinley Ave
North MankatoMN56003
815 N 4th St
MankatoMN56001
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
325 Litchfield Ave SE
WillmarMN56201
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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 a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,335 | $1,025 | $1,679 |
| Franklin 3 Bedroom Homes for Rent | $1,591 | $1,150 | $2,395 |
| Franklin 4 Bedroom Homes for Rent | $1,575 | $1,500 | $1,650 |
| Franklin 5 Bedroom Homes for Rent | $3,633 | $2,600 | $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, 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 1 Bed unit found at 512 Vernon Ave priced from $595. Suite Liv'N - Willmar has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 512 Vernon Ave | One Bedroom | 1BR,1BA | $595 |
| Suite Liv'N - Willmar | Studio 1 Bath | Studio,1BA | $745 |
| Bethel On Bryant | Renville - 1/1 | 1BR,1BA | $745 |
Best Value Apartments for Rent in Franklin, MN and Nearby
As of July 22, 2026 the best value apartment in the Franklin area is the $1.10 price per square foot Three Bedroom - Somerset Model at Somerset Properties in the starting from $1,350. The second greatest value Franklin apartment is the 2BR/1.5 Bath Model at Valleyside Townhomes starting at $1,095 with a $0.96 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. |
|---|---|---|---|
| Somerset Properties | Three Bedroom - Somerset | 3BR,2BA | $1.10 |
| Valleyside Townhomes | 2BR/1.5 Bath | 2BR,1.5BA | $0.96 |
| Windom Landing | 2 Bedroom - Lower Level ADA | 2BR,2BA | $0.89 |
| 251 6th St | 2 Bedroom 1 Bath | 2BR,1BA | $1.16 |
| 1212 Heckman Ct | Studio | Studio ,1BA | $0.83 |
| 907 Dale St Apartments | 2 Bedroom | 2BR,1.5BA | $1.06 |
| 512 Vernon Ave | Two Bedroom | 2BR,1BA | $0.87 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $0.99 |
| Bethel On Bryant | Renville - 1/1 | 1BR,1BA | $0.96 |
| Hartshorn Manor | 1 Bed, 1 bath | 1BR,1BA | $1.12 |
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 Article
Real 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 87 Apartments for Rent in Franklin, MN with pricing that ranges from $595 to $1,960. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $848 to $4,500.
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 $848 to $4,500 with an average monthly rent of $1,849.
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 $1,145 to $1,960, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,350.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.