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

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958-960 S Main St
2 Bedroom Apartments

958-960 S Main St

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

335 S Main St

335 S Main StFranklin, OH 45005

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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Village East
Studio to 3 Bedroom Apartments

Village East

3530 Village DrFranklin, OH 45005
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Waterfront Apartments
2 Bedroom Apartments

Waterfront Apartments

8712-8804 Dayton Oxford RdFranklin, OH 45005
  • Utilities Included
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175 E 6th St
1 to 2 Bedroom Apartments

175 E 6th St

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

9 N River St

9 N River StFranklin, OH 45005

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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Sherman Glen
1 Bedroom Apartments

Sherman Glen

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

Oakwood Village

10800 Valette Cir WMiamisburg, OH 45342
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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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Meadow View
1 to 3 Bedroom Apartments

Meadow View

15 Woodhill DrSpringboro, OH 45066
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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 $900. Spring Creek Apartments in the North Cincinnati neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $945. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Liberty Station1bdrm/1bath/balcony/3rd fl1BR,1BA$900
Spring Creek Apartments2 BDRM2BR,1BA$945
Ashgrove ApartmentsAG 1/11BR,1BA$966
Crown Ridge Apartments2 Bedrooms 1 Bath2BR,1BA$1,000
Village East1 Bedroom, 1 Bath (Balcony)1BR,1BA$1,070

Best Value Apartments for Rent in Franklin, OH and Nearby

As of May 06, 2026 the best value apartment in the Franklin area is the $1.44 price per square foot 3/2 Model at EMERALD EDGE APARTMENTS in the in the North Cincinnati neighborhood starting from $1,588. The second greatest value Franklin apartment is the The Beech Model at Bavarian Woods Apartments starting at $1,089 with a $1.09 price per square foot in the Trails of Four Bridges 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.
EMERALD EDGE APARTMENTS3/23BR,2BA$1.44
Bavarian Woods ApartmentsThe Beech2BR,1BA$1.09
Crown Ridge Apartments2 Bedrooms 1 Bath2BR,1BA$1.11
Echo Ridge ApartmentsA41BR,1BA$1.70
Spring Creek Apartments2 BDRM2BR,1BA$1.18
Village East1 Bedroom, 1 Bath (Balcony)1BR,1BA$1.56
Ashgrove ApartmentsAG 1/11BR,1BA$1.68
Liberty Station1bdrm/1bath/balcony/3rd fl1BR,1BA$1.64

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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, OH Rentals by Map

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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 $900 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 EMERALD EDGE APARTMENTS and starts from $1,588.

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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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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.