Cheap Apartments for Rent in Franklin, NE from $500 (41 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 441 S Polk St

441 S Polk St

OsceolaNE68651

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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535 Flats
1 Bedroom Apartments

535 Flats

535 N Minden AveMinden, NE 68959
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North Adams Flats
2 Bedroom Apartments

North Adams Flats

2100 N Adams StLexington, NE 68850
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6th Ave Flats
2 Bedroom Apartments

6th Ave Flats

604 6th AveHoldrege, NE 68949
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Franklin, NE Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, NE is a 2 Beds unit found at Westside priced from $615. Old Walnut has the second lowest priced unit, which is a Studio apartment currently listed from $645. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westside2 Bed 1 Bath2BR,1BA$615
Old WalnutStudioStudio,1BA$645
Burlington Place1 Bed 1 Bath1BR,1BA$645
Lakeside2 Bed 1.5 Bath2BR,1BA$730
Kearney Apartment HomesStudioStudio,1BA$819
Village at Kearney ApartmentsThree Bedroom Two Bath3BR,2BA$955
Ridgeland Park Apartments in YorkYork2BR,1BA$1,045
Prairie Heights ApartmentsThe Creston (ADA)1BR,1BA$1,100
Bel ApartmentsStudioStudio,1BA$1,125
Welcome To The Sterling ApartmentsJunior One Bedroom BristolStudio,1BA$1,125

Best Value Apartments for Rent in Franklin, NE and Nearby

As of May 24, 2025 the best value apartment in the Franklin area is the $1.91 price per square foot 3 Bed Single Model at Concord Villas in the starting from $2,475. The second greatest value Franklin apartment is the Unit 3C Model at Grandview Apartments starting at $1,125 with a $0.93 price per square foot . 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.
Concord Villas3 Bed Single3BR,2BA$1.91
Grandview ApartmentsUnit 3C3BR,2BA$0.93
Village at Kearney ApartmentsThree Bedroom Two Bath3BR,2BA$0.92
Prairie Heights ApartmentsThe Primrose2BR,2BA$1.76
Lakeside2 Bed 1.5 Bath2BR,1.5BA$0.87
Westside2 Bed 1 Bath2BR,1BA$0.74
Ridgeland Park Apartments in YorkYork2BR,1BA$1.28
Burlington Place1 Bed 1 Bath1BR,1BA$0.97
Kearney Apartment HomesStudioStudio ,1BA$1.70
Old WalnutStudioStudio ,1BA$1.59

Quick Rent Budget Calculator

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

Explore Franklin, NE Rentals by Map

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See the most popular apartments and homes in Franklin, NE

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Getting Around Franklin, NE

Walk Score®

37 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Franklin Apartments

What is the Cheapest Studio apartment in Franklin?

Currently the most affordable Cheap Studio Apartment in Franklin is at Old Walnut listed at $645.

How much is rent for a Cheap One Bedroom Franklin Apartment?

The lowest price for a Cheap One Bedroom Franklin Apartment is $645 at Burlington Place.

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 $615 at Westside.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Westside and starts from $925.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.