Cheap Homes for Rent in Franklin, NC from $700 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in Franklin.

property at 297 Knoll Dr

$875 - $1,000

1 Bedroom, 1 Bath Condo for Rent

Available Now

297 Knoll Dr

FranklinNC28734

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.

property at 0 N Womack St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

0 N Womack St

FranklinNC28734
property at 2 Derby St

$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

2 Derby St

FranklinNC28734

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.

Franklin, NC Local Guide

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, NC is a 1 Bed unit found at The Riverhouse of Cullowhee priced from $625. Windwood Apartments 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 ListingModel NameBed/BathPriced From
The Riverhouse of Cullowhee1 Bedroom1BR,1BA$625
Windwood ApartmentsDuplex Classic 1 Bed 1 Bath1BR,1BA$725
Heritage Hills Apartments1BR/1BA (small)1BR,1BA$825
Riverbank CommonsOne Bedroom1BR,1BA$850
FIELD VILLAGE APARTMENTS0 bedroom 1 bathroomStudio,1BA$888

Best Value Apartments for Rent in Franklin, NC

As of July 03, 2026 the best value apartment in the Franklin area is the $0.42 price per square foot 4x4 Townhome - AY 2026 - 2027 Model at Flagship Western Apartments & Townhomes in the starting from $679. The second greatest value Franklin apartment is the Charming 4 Bedroom/4 Bathroom Apartments Model at 4 bed/4 bath Off-Campus Apartments starting at $495 with a $0.35 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Flagship Western Apartments & Townhomes4x4 Townhome - AY 2026 - 20274BR,4BA$0.42
4 bed/4 bath Off-Campus ApartmentsCharming 4 Bedroom/4 Bathroom Apartments4BR,4BA$0.35
Northlake EstatesTwo Bed Townhouse2BR,1.5BA$0.96
Northway ApartmentsRenovated 3 Bed 1.5 Bath3BR,1.5BA$0.86
OakcresteThree Bedroom Townhome3BR,3BA$0.82
Clemson Ridge Apartments2BR - 2BTH2BR,2BA$1.17
Tillman Place2 Bedroom2BR,1BA$1.14
Vista Ridge2 Beds, 2 baths2BR,2BA$1.11
Shagbark1 Bedroom Apartment in Seneca, SC1BR,1BA$1.15
4214 West ApartmentsTwo bedroom2BR,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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Franklin

What type of rentals are currently available in Franklin?

There are currently 75 Apartments for Rent in Franklin, NC with pricing that ranges from $625 to $2,295. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $775 to $3,500.

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 $775 to $3,500 with an average monthly rent of $1,681.

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 $750 to $2,215, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $625.

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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.