Cheap Apartments for Rent in Franklin, OH from $500 (17 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
958-960 S Main St
2 Bedroom Apartments

958-960 S Main St

958-960 S Main StFranklin, OH 45005
close
View Me
335 S Main St
1 Bedroom Apartments

335 S Main St

335 S Main StFranklin, OH 45005

Dayton's Best Affordable Neighborhoods

Learn about Dayton and the best places to live with original content written by our Local Expert Kim Mooneyham

close
View Me
Waterfront Apartments
2 Bedroom Apartments

Waterfront Apartments

8712-8804 Dayton Oxford RdFranklin, OH 45005
  • Utilities Included
close
View Me
Village East
Studio to 3 Bedroom Apartments

Village East

3530 Village DrFranklin, OH 45005
close
View Me
175 E 6th St
1 to 2 Bedroom Apartments

175 E 6th St

175 E 6th StFranklin, OH 45005
  • Utilities Included
close
View Me
9 N River St
1 to 2 Bedroom Apartments

9 N River St

9 N River StFranklin, OH 45005

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.

close
View Me
Sherman Glen
1 Bedroom Apartments

Sherman Glen

301 Sherman DrFranklin, OH 45005
Senior Living
close
View Me
Oakwood Village
2 to 4 Bedroom Apartments

Oakwood Village

10800 Valette Cir WMiamisburg, OH 45342
  • Smoke Free

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.

close
View Me
Meadow View
1 to 3 Bedroom Apartments

Meadow View

15 Woodhill DrSpringboro, OH 45066
close
View Me
Meadow Crossing
1 Bedroom Apartments

Meadow Crossing

825 Central AveCarlisle, OH 45005
Senior Living

Franklin, OH Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, OH is a 1 Bed unit found at Liberty Station in the North Cincinnati neighborhood priced from $850. Bavarian Woods Apartments in the Trails of Four Bridges neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Liberty Station1bdrm/1bath/garden1BR,1BA$850
Bavarian Woods ApartmentsThe Spruce1BR,1BA$899
Spring Creek Apartments2 BDRM2BR,1BA$945
Ashgrove Apartments1 Bedroom, 1 Bathroom Ranch-Style Apartment at ...1BR,1BA$973
Crown Ridge Apartments2 Bedrooms 1 Bath2BR,1BA$1,000

Best Value Apartments for Rent in Franklin, OH and Nearby

As of August 04, 2026 the best value apartment in the Franklin area is the $1.11 price per square foot 2 Bedrooms 1 Bath Model at Crown Ridge Apartments in the in the North Cincinnati neighborhood starting from $1,000. The second greatest value Franklin apartment is the 2 BDRM Model at Spring Creek Apartments starting at $945 with a $1.18 price per square foot in the North Cincinnati 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.
Crown Ridge Apartments2 Bedrooms 1 Bath2BR,1BA$1.11
Spring Creek Apartments2 BDRM2BR,1BA$1.18
Echo Ridge ApartmentsA31BR,1BA$1.85
Bavarian Woods ApartmentsThe Spruce1BR,1BA$1.28
Village East1 Bedroom, 1 Bath (Balcony)1BR,1BA$1.70
Ashgrove Apartments1 Bedroom, 1 Bathroom Ranch-Style Apartment at ...1BR,1BA$1.69
Liberty Station1bdrm/1bath/balcony/3rd fl1BR,1BA$1.64

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Franklin, OH Rentals by Map

View Map
Franklin, OH Apartments Map
View Map
Franklin, OH Rental Homes Map

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 $850 at Liberty Station.

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 $945 at Spring Creek Apartments.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Echo Ridge Apartments and starts from $1,705.

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 Learn About the Top Affordable Neighborhoods to Rent in Dayton, OH  article

Learn About the Top Affordable Neighborhoods to Rent in Dayton, OH

Written by: Kim Mooneyham

Once an industrial powerhouse in southwest Ohio, Dayton is gradually changing from a strictly blue-collar city to a light blue-collar/white-collar city with education, tech, and urban development opportunities.

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

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.