
Cheap Apartments for Rent in Franklin, NC from $600 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.


319 Iotla Valley Park Rd

4 Derby St

Total Monthly Price
The Riverhouse of Cullowhee

Keoway Village Apartments

Windwood Apartments

FIELD VILLAGE APARTMENTS

Heritage Hills Apartments
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.

Watson Glades Place

Riverbank Commons

Shagbark

Northway Apartments

Vista Ridge

Gentry Place Apartments

Crescent Pointe Apartments

Balsam Mountain Apartments
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.

Nottingham Apartments

Northlake Estates

The Lofts at Pigeon Forge

Havenbloom Residences

Clemson Ridge Apartments

551 Black Hill Rd

Deerfield Commons Townhomes

Robinson Ridge Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Apple Mountain Apartments

Fox Run Apartments - 963

Applewood Villas

78 Hardrock Rd

2468 US-441

Green Forest Apartments

Timber Ridge

Loving Hill Apartments
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.

Cottages at 76

109 Citadel Dr
Franklin, NC Local Guide

How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Franklin Studio Apartments | $1,464 | $789 | $1,775 |
| Cheap Franklin 1 Bedroom Apartments | $1,382 | $625 | $1,950 |
| Cheap Franklin 2 Bedroom Apartments | $1,508 | $675 | $2,295 |
| Cheap Franklin 3 Bedroom Apartments | $1,531 | $750 | $2,215 |
| Cheap Franklin 4 Bedroom Apartments | $971 | $625 | $1,224 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, NC Local Guide
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Cheapest Available Franklin Apartments for Rent
 The cheapest available apartment rental in Franklin, NC is a 1 Bed unit found at Windwood Apartments priced from $775. Riverbank Commons in the Downtown Clemson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Windwood Apartments | Duplex Updated 1 Bed 1 Bath | 1BR,1BA | $775 |
| Riverbank Commons | One Bedroom | 1BR,1BA | $850 |
| FIELD VILLAGE APARTMENTS | 0 bedroom 1 bathroom | Studio,1BA | $888 |
| Shagbark | 1 Bedroom Apartment in Seneca, SC | 1BR,1BA | $935 |
| Northway Apartments | Move In Special **1/2 Off 2nd Full months Rent** | 2BR,1BA | $950 |
| Vista Ridge | Vista Ridge 2 | 2BR,2BA | $976 |
| Tillman Place | 2 Bedroom | 2BR,1BA | $1,000 |
| The Lofts at Pigeon Forge | 1 BD 1 Bath | 1BR,1BA | $1,200 |
| Northlake Estates | Two Bed Townhouse | 2BR,1BA | $1,200 |
| Havenbloom Residences | The Petal | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Franklin, NC
As of August 07, 2026 the best value apartment in the Franklin area is the $0.65 price per square foot 4x4 Standard Model at CollegePlace Clemson in the in the Downtown Clemson neighborhood starting from $1,000. The second greatest value Franklin apartment is the Charming 4 Bedroom/4 Bathroom Apartments Model at College Town Place starting at $395 with a $0.28 price per square foot in the Downtown Clemson 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. |
|---|---|---|---|
| CollegePlace Clemson | 4x4 Standard | 2BR,4BA | $0.65 |
| College Town Place | Charming 4 Bedroom/4 Bathroom Apartments | 4BR,4BA | $0.28 |
| Northlake Estates | Two Bed Townhouse | 2BR,1.5BA | $0.96 |
| Cameron at Clarkesville | 3 Bedroom | 3BR,2BA | $1.15 |
| Northway Apartments | Renovated 3 Bed 1.5 Bath | 3BR,1.5BA | $0.86 |
| Oakcreste | Three Bedroom Townhome | 3BR,3BA | $0.82 |
| Tillman Place | 2 Bedroom | 2BR,1BA | $1.14 |
| Vista Ridge | Vista Ridge 2 | 2BR,2BA | $1.11 |
| Shagbark | 1 Bedroom Apartment in Seneca, SC | 1BR,1BA | $1.15 |
| 4214 West Apartments | Two bedroom | 2BR,1BA | $0.74 |
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 ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Franklin, NC
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin, NC Rentals by Map
See the most popular apartments and homes in Franklin, NC
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 $775 at Windwood 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 $925 at Windwood Apartments.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Northway Apartments and starts from $1,100.
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.