Cheap Apartments for Rent near Franklin, NY from $700 (42 Rentals)

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

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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Homestead on Grand
1 to 3 Bedroom Apartments

Homestead on Grand

333 Grand AvenueJohnson City, NY 13790
  • Utilities Included
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Graydon Apartments
2 Bedroom Apartments

Graydon Apartments

307 E Main StEndicott, NY 13760
  • Utilities Included

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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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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Community View Apartments
1 Bedroom Apartments

Community View Apartments

1055 Community WayMorrisville, NY 13408
Senior Living
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Meadow Park Apartments
1 to 4 Bedroom Apartments

Meadow Park Apartments

85 Fair StDeposit, NY 13754
Corporate Housing
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Garden Apartments
Studio to 3 Bedroom Apartments

Garden Apartments

1427 Oneida StUtica, NY 13501
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Oakdale Arms
2 Bedroom Apartments

Oakdale Arms

801 Reynolds RdJohnson City, NY 13790
  • Utilities Included

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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Dietz Street Lofts
1 to 2 Bedroom Apartments

Dietz Street Lofts

34 Dietz StOneonta, NY 13820
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6 School St
2 to 3 Bedroom Apartments

6 School St

6 School StLittle Falls, NY 13365
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Homer/Belden
Studio Apartments

Homer/Belden

64-68 Belden StBinghamton, NY 13903
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205 Rano Blvd
Studio to 3 Bedroom Apartments

205 Rano Blvd

205 Rano BlvdVestal Township, NY 13850
Corporate Housing
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Kirkview Apartments
2 Bedroom Apartments

Kirkview Apartments

23 Roberts StKirkwood Township, NY 13795
  • Utilities Included

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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36 Maple St
1 Bedroom Apartments

36 Maple St

36 Maple StOneonta, NY 13820
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Franklin, NY Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, NY is a 1 Bed unit found at Holiday Efficiency Apartments in the Outer Utica neighborhood priced from $700. Anthos at Kirkwood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Holiday Efficiency ApartmentsStudio1BR,1BA$700
Anthos at KirkwoodKirkwood 2 - 1BDR (Lower & Middle Floors)1BR,1BA$895
Squire Colony1 Bedroom1BR,1BA$945
72 Academy St5d1BR,1BA$950
Mountain Shadow ApartmentsTwo Bedroom with Balcony Second Fl2BR,1BA$1,025
Mountain View Apartments1×1 First Floor1BR,1BA$1,200
4 Livingston St1 Bd/ 1 Ba1BR,1BA$1,200
198 Court St2x1 - Fully Furnished2BR,1BA$1,200
Liberty Manor Apartments1×11BR,1BA$1,300
Riviera Ridge Apartments2BD/2BA2BR,2BA$1,300

Best Value Apartments for Rent in Franklin, NY and Nearby

As of August 24, 2026 the best value apartment in the Franklin area is the $0.87 price per square foot Milledge A - 3x3 Model at The Retreat at Bunn Hill in the in the Southside West Binghamton neighborhood starting from $1,197. The second greatest value Franklin apartment is the Oneida Three Model at Hillside Commons starting at $1,192 with a $0.94 price per square foot in the Otsego County 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.
The Retreat at Bunn HillMilledge A - 3x33BR,3BA$0.87
Hillside CommonsOneida Three3BR,3BA$0.94
255 Main Street4 Bedroom 2 Bath4BR,2BA$0.61
Mountain Shadow ApartmentsTwo Bedroom with Balcony Second Fl2BR,1BA$1.03
Squire Colony2 Bedroom2BR,1BA$1.31
72 Academy St5d1BR,1BA$1.00
Holiday Efficiency ApartmentsStudio1BR,1BA$0.93
11 West St - Student Only Housing1 Bedroom (in a 4 Bedroom unit)1BR,1BA$1.04
Anthos at KirkwoodKirkwood 2 - 1BDR (Lower & Middle Floors)1BR,1BA$1.32
The Printing HouseC13BR,2BA$1.29

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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Quick 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.

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

Explore Franklin, NY Rentals by Map

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See the most popular apartments and homes in Franklin, NY

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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 $700 at Holiday Efficiency 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 $1,025 at Mountain Shadow Apartments.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Colonial Country Estates and starts from $1,650.

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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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.

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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.

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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.