
Cheap Apartments for Rent in Franklin, MO from $300 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.


Country Club Apartments

Broadway Apartments

Tiger Village
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.

Heather Ridge

Courtyard Apartments

Ash Street Place Apartments

9950 Prairie Lick Rd
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.

1012 E Broadway
Franklin, MO Local Guide

How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments | $1,290 | $1,100 | $1,385 |
| Franklin 1 Bedroom Apartments | $1,219 | $468 | $1,949 |
| Franklin 2 Bedroom Apartments | $1,439 | $380 | $3,073 |
| Franklin 3 Bedroom Apartments | $1,693 | $1,322 | $3,787 |
| Franklin 4 Bedroom Apartments | $1,969 | $695 | $2,500 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, MO Local Guide
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Cheapest Available Franklin Apartments for Rent and Nearby
 The cheapest available apartment rental in Franklin, MO is a 2 Beds unit found at Claudell Homes I & II in the Tiger Village Apartments neighborhood priced from $380. Ash Street Place Apartments in the Tiger Village Apartments neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $705. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Claudell Homes I & II | Claudell Two Bedroom (Affordable - Income Guidelin | 2BR,1BA | $380 |
| Ash Street Place Apartments | 1x1 | 1BR,1BA | $705 |
| Tiger Village | One Bedroom One Bath | 1BR,1BA | $943 |
Best Value Apartments for Rent in Franklin, MO and Nearby
As of January 14, 2026 the best value apartment in the Franklin area is the $1.25 price per square foot The Lyman Model at Walkers Ridge in the in the Broadway Farms neighborhood starting from $2,250. The second greatest value Franklin apartment is the MONLL 2x2 1470sqft - West (Private Elevator) Model at North Light Luxury Lofts starting at $2,500 with a $1.70 price per square foot in the Tiger Village Apartments neighborhood. 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. |
|---|---|---|---|
| Walkers Ridge | The Lyman | 4BR,2.5BA | $1.25 |
| North Light Luxury Lofts | MONLL 2x2 1470sqft - West (Private Elevator) | 2BR,2BA | $1.70 |
| Four Winds Apartments | The Oakridge | 3BR,2BA | $0.98 |
| Lake View | 3 Bed 3 Bath Apartment | 3BR,3BA | $1.18 |
| Lake Broadway Townhomes | 2 Bed 2 Bath Partial Hardwood | 2BR,2BA | $1.20 |
| Broadway Apartments | The Broadhurst | 2BR,1BA | $1.12 |
| Forest Village | FV-C | 2BR,1BA | $1.67 |
| Courtyard Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.54 |
| Ash Street Place Apartments | 1x1 | 1BR,1BA | $1.34 |
| Claudell Homes I & II | Claudell One Bedroom (Affordable - Income Guidelin | 1BR,1BA | $0.99 |
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.
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
How much rent can you afford?
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Franklin, MO
Frequently Asked Questions about Cheap Franklin Apartments
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $468 at Claudell Homes I & II.
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 $380 at Claudell Homes I & II.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Four Winds Apartments and starts from $1,322.
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!