Cheap Apartments for Rent near Franklin, NE from $546 (35 Rentals)

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

property at 524 E 7th Street
$750
2 Bedroom, 1 Bath Home for Rent
Available Now

524 E 7th Street

ConcordiaKS66901

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.

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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.

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Vintage Rows
2 Bedroom Apartments

Vintage Rows

1210 Liberty DrLexington, NE 68850
Senior Living

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.

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property at 4664 US-30
$800 - $1,300
2 To 3 Bedroom Rentals
Available Now

4664 US-30

KearneyNE68845
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611 Tri-Plex
2 to 4 Bedroom Apartments

611 Tri-Plex

611 W 25th StKearney, NE 68845
Student Housing
  • Utilities Included
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535 Flats
Studio to 4 Bedroom Apartments

535 Flats

535 N Minden AveMinden, NE 68959
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The Logan on 11th
1 to 3 Bedroom Apartments

The Logan on 11th

1103 11th AveHoldrege, NE 68949

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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Showing Results 1-35, Page 1 of 1

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 Cedar Park Apartments priced from $546. Westside has the second lowest priced unit, which is a 2 Beds apartment currently listed from $615. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Park ApartmentsAffordable (30%) - 2 Bed, 1 Bath (989 sq ft)2BR, 1BA$546
Westside2 Bed 1 Bath2BR, 1BA$615
Vintage Rows2BR/1.0BA2BR, 1BA$695
The Preston1-Bedroom1BR, 1BA$699
The Residences @ Liberty Campus-55+ Community1/11BR, 1BA$700
Lakeside2 Bed 1.5 Bath2BR, 1BA$730
LongLeaf Apartments1 Bedroom1BR, 1BA$750
Bel Apartments1-Bedroom- Fully Furnished1BR, 1BA$775
Belcourt2 Beds, 1 Baths2BR, 1BA$795
Burlington Place2 Bed 2 Bath Loft2BR, 2BA$855

Best Value Apartments for Rent in Franklin, NE and Nearby

As of September 19, 2026 the best value apartment in the Franklin area is the $0.80 price per square foot 2 Bed 2 Bath Loft Model at Burlington Place starting from $855. The second greatest value Franklin apartment is the 2 Bed 2 Bath Loft Model at Westside starting at $870 with a $0.82 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.
Burlington Place2 Bed 2 Bath Loft2BR, 2BA$0.80
Westside2 Bed 2 Bath Loft2BR, 2BA$0.82
Autumn Park ApartmentsUnit 2.2A2BR, 2BA$1.10
Vintage Rows2BR/1.0BA2BR, 1BA$0.74
The Residences @ Liberty Campus-55+ Community2/12BR, 1BA$1.13
Bel Apartments1-Bedroom- Fully Furnished1BR, 1BA$0.91
Lakeside2 Bed 1 Bath2BR, 1BA$1.06
North Adams FlatsClassic Model2BR, 1BA$1.14
Belcourt2 Beds, 1 Baths2BR, 1BA$1.02
LongLeaf Apartments1 Bedroom1BR, 1BA$1.06

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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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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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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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, NE Rentals by Map

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See the most popular apartments and homes in Franklin, NE

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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 HANGAR 55 AT THEATRE DISTRICT listed at $965.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $699 at The Preston.

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 $546 at Cedar Park Apartments.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Village at Kearney Apartments and starts from $955.

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

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.