Cheap Apartments for Rent in Franklin, NE from $500 (36 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

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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property at 1202 Arthur St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

3 Bedroom, 1 Bath Home for Rent

Available Now

1202 Arthur St

HoldregeNE68949

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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Vintage Rows
2 Bedroom Apartments

Vintage Rows

1210 Liberty DrLexington, NE 68850
Senior Living
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Bel Apartments
Studio to 2 Bedroom Apartments

Bel Apartments

204 W 6th StLexington, NE 68850
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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

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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535 Flats
Studio to 4 Bedroom Apartments

535 Flats

535 N Minden AveMinden, NE 68959
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North Adams Flats
2 to 3 Bedroom Apartments

North Adams Flats

2100 N Adams StLexington, NE 68850
  • Utilities Included
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832 Flats
1 to 2 Bedroom Apartments

832 Flats

322 E 6th StMinden, NE 68959

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 1-36, 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 1 Bed unit found at Burlington Place priced from $675. The Preston has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Burlington Place1 Bed 1 Bath1BR,1BA$675
The Preston1-Bedroom1BR,1BA$699
Westside1 Bed 1 Bath1BR,1BA$700
Old WalnutStudioStudio,1BA$745
Lakeside2 Bed 1 Bath2BR,1BA$880
LongLeaf Apartments2 Bedroom2BR,1BA$900
HANGAR 55 AT THEATRE DISTRICTTetonStudio,1BA$965
Cross Creek Apartments1 Bed, 1 Bath1BR,1BA$999
Talon ApartmentsThe Phillips (Lakeside)1BR,1BA$1,049
Village at Kearney ApartmentsThree Bedroom Two Bath3BR,2BA$1,050

Best Value Apartments for Rent in Franklin, NE and Nearby

As of June 20, 2026 the best value apartment in the Franklin area is the $1.17 price per square foot The Sierra Model at Pioneer Trail Flats in the starting from $1,350. The second greatest value Franklin apartment is the 3 Bedroom Model at LongLeaf Apartments starting at $1,145 with a $1.04 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.
Pioneer Trail FlatsThe Sierra2BR,2BA$1.17
LongLeaf Apartments3 Bedroom3BR,2BA$1.04
Village at Kearney ApartmentsThree Bedroom Two Bath3BR,2BA$1.01
Cedar Ridge2 Bed 2 Bath2BR,2BA$1.20
Lakeside2 Bed 1.5 Bath2BR,1.5BA$1.12
Ridgeland Park Apartments in YorkYork2BR,1BA$1.34
Cross Creek Apartments1 Bed, 1 Bath1BR,1BA$1.34
Burlington Place1 Bed 1 Bath1BR,1BA$1.01
Westside1 Bed 1 Bath1BR,1BA$1.05
The Preston1-Bedroom1BR,1BA$1.40

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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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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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 $745.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $675 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 $825 at Westside.

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 $1,050.

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

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.