Cheap Apartments for Rent in Franklin, MO from $700 (32 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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Montmartre Apartments
$1,055 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,055 - $1,350
Total Monthly Price
$1,055 - $1,350
1 to 3 Bedroom Apartments Available Now

Montmartre Apartments

104 Clinkscales RdColumbia, MO 65203
Senior Living
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  • Utilities Included
  • Smoke Free

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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1012 E Broadway
1 to 3 Bedroom Apartments

1012 E Broadway

1012 E BroadwayColumbia, MO 65201
  • Utilities Included
  • Smoke Free

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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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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Showing Results 1-32, Page 1 of 1

Franklin, MO Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, MO is a 1 Bed unit found at Ash Street Place Apartments in the Tiger Village Apartments neighborhood priced from $730. Courtyard Apartments in the Tiger Village Apartments neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $911. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ash Street Place Apartments1x11BR,1BA$730
Courtyard Apartments1 Bedroom 1 Bath1BR,1BA$911
Broadway ApartmentsThe Hayes1BR,1BA$925
Tiger VillageOne Bedroom One Bath Renovated1BR,1BA$951
Montmartre Apartments1BR / 1 BA1BR,1BA$1,055
Forest VillageFV-C2BR,1BA$1,058
Columbia Square ApartmentsColumbia Square Two Bedroom (Affordable - Income G2BR,1BA$1,500
Cross Creek Villas3BR/2.5BA3BR,2BA$1,749
Walkers RidgeThe Shannon4BR,2BA$2,200
North Light Luxury LoftsNorth Light Luxury Lofts - East Floorplan - FUR...2BR,2BA$2,650

Best Value Apartments for Rent in Franklin, MO and Nearby

As of June 21, 2026 the best value apartment in the Franklin area is the $0.87 price per square foot 3BR/2.5BA Model at Cross Creek Villas in the in the Auburn Hills neighborhood starting from $1,749. The second greatest value Franklin apartment is the The Lyman Model at Walkers Ridge starting at $2,200 with a $1.22 price per square foot in the Broadway Farms neighborhood. 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.
Cross Creek Villas3BR/2.5BA3BR,2.5BA$0.87
Walkers RidgeThe Lyman4BR,2.5BA$1.22
North Light Luxury LoftsNorth Light Luxury Lofts - East Floorplan - FUR...2BR,2BA$1.80
Columbia Square ApartmentsColumbia Square Three Bedroom (Affordable - Income3BR,1.5BA$3.69
Forest VillageFV-A2BR,1BA$1.55
Montmartre Apartments1BR / 1 BA1BR,1BA$1.51
Broadway ApartmentsThe Hayes Renovated1BR,1BA$1.50
Courtyard Apartments1 Bedroom 1 Bath1BR,1BA$1.42
Tiger VillageOne Bedroom One Bath Renovated1BR,1BA$1.85

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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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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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, MO Rentals by Map

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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 $911 at Courtyard Apartments.

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 $950 at Broadway Apartments.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Montmartre Apartments and starts from $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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

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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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.