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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Waterfront Apartments
2 Bedroom Apartments

Waterfront Apartments

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

Village East

3530 Village DrFranklin, OH 45005
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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
  • Smoke Free

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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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 Studio unit found at Ashgrove Apartments in the North Cincinnati neighborhood priced from $828. 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 $879. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ashgrove ApartmentsAG 0/1Studio,1BA$828
Bavarian Woods ApartmentsThe Spruce1BR,1BA$879
Spring Creek Apartments2 BDRM2BR,1BA$945
Liberty Station2bdrm/1bath/garden2BR,1BA$975
Crown Ridge Apartments2 Bedrooms 1 Bath2BR,1BA$1,000

Best Value Apartments for Rent in Franklin, OH and Nearby

As of June 20, 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 2 Bedrooms 1 Bath Model at Crown Ridge Apartments starting at $1,000 with a $1.11 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.
EMERALD EDGE APARTMENTS3/23BR,2BA$1.44
Crown Ridge Apartments2 Bedrooms 1 Bath2BR,1BA$1.11
Spring Creek Apartments2 BDRM2BR,1BA$1.18
Liberty Station2bdrm/1bath/garden2BR,1BA$1.30
Echo Ridge ApartmentsA31BR,1BA$1.89
Bavarian Woods ApartmentsThe Spruce1BR,1BA$1.26
Village East1 Bedroom, 1 Bath (Balcony)1BR,1BA$1.69
Ashgrove ApartmentsAG 0/1Studio ,1BA$2.88

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!

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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 $879 at Bavarian Woods 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 $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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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.

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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.