$450
Total Monthly Price
Total Monthly Price
Base Rent
$450
Utilities & Essentials
Varies
Total Monthly Price
$450
3 Bedroom, 2 Bath Home for Rent
Available Now
808 N 8th St
OliviaMN56277
Cheap Homes for Rent in Franklin, MN from $400 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
808 N 8th St
OliviaMN56277
311 5th St S
Grove CityMN56243
512 Maple Ln
Grove CityMN56243
521 Ann St SE
WillmarMN56201
551 Milky Way St S
CosmosMN56228
2009 Great Bend Blvd
WindomMN56101
103 Lincoln St
MankatoMN56001
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.
703 N 5th St
MarshallMN56258
2420 4th Ave SE
WillmarMN56201
1100 Elizabeth Ave SE
WillmarMN56201
200 Atlantic Ave
KandiyohiMN56251
114 Lake Ave S
SpicerMN56288
255 6th Ave NE
HutchinsonMN55350
812 6th St SE
WillmarMN56201
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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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 | $1,283 | $850 | $1,850 |
| Franklin 3 Bedroom Homes for Rent | $1,915 | $450 | $3,500 |
| Franklin 4 Bedroom Homes for Rent | $2,119 | $1,795 | $2,400 |
| Franklin 5 Bedroom Homes for Rent | $2,847 | $1,895 | $3,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Franklin
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Franklin, MN Local Guide
- Nearby Cities
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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. Bethel On Bryant has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. 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 |
| Bethel On Bryant | Renville - 1/1 | 1BR,1BA | $725 |
| 1212 Heckman Ct | Studio | Studio,1BA | $750 |
| Suite Liv'n - Marshall | One Bedroom | 1BR,1BA | $775 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $795 |
Best Value Apartments for Rent in Franklin, MN and Nearby
As of January 19, 2026 the best value apartment in the Franklin area is the $1.10 price per square foot 2BR/1 Bath Model at Valleyside Townhomes in the starting from $1,055. The second greatest value Franklin apartment is the Studio Model at 1212 Heckman Ct starting at $750 with a $0.83 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. |
|---|---|---|---|
| Valleyside Townhomes | 2BR/1 Bath | 2BR,1BA | $1.10 |
| 1212 Heckman Ct | Studio | Studio ,1BA | $0.83 |
| Nyberg Apartments 55+ | 2 Bed | 2BR,1BA | $1.00 |
| RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
| The Rock Apartments | GF: 2 Bed 1 Bath- Premium | 2BR,1BA | $1.07 |
| Downtown Estates | 1 Bed, 1 bath | 1BR,1BA | $0.99 |
| Bethel On Bryant | Renville - 1/1 | 1BR,1BA | $0.93 |
| Autumn Glen Townhomes | 1 Bedroom | 1BR,1BA | $1.06 |
| Hartshorn Manor | 1 Bed, 1 bath | 1BR,1BA | $1.12 |
| 907 Dale St Apartments | 1 Bedroom | 1BR,1BA | $1.23 |
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
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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
Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 79 Apartments for Rent in Franklin, MN with pricing that ranges from $525 to $2,300. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $450 to $3,800.
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 $450 to $3,800 with an average monthly rent of $1,825.
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 $1,150 to $2,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $450 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $975.
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
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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!