Cheap Apartments for Rent in Franklin, PA from $500 (74 Rentals)

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

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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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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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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Tionesta Manor
1 to 2 Bedroom Apartments

Tionesta Manor

101 Bridge StTionesta, PA 16353
  • Utilities Included
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Lightner Greene
1 to 2 Bedroom Apartments

Lightner Greene

1465 Lightner PlNew Castle, PA 16105
Senior Living
  • Utilities Included

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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Regency Commons
1 to 2 Bedroom Apartments

Regency Commons

157 S 5th AveClarion, PA 16214
Senior Living
  • Utilities Included
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250 Locust St
1 Bedroom Apartments

250 Locust St

250 Locust StMeadville, PA 16335

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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Franklin, PA Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, PA is a 1 Bed unit found at Eagle Park Apartments priced from $510. Golfview Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $600. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Eagle Park ApartmentsLimestone1BR,1BA$510
Golfview Manor1BR/1.0BA1BR,1BA$600
Drake Village Apartments2 Bedroom2BR,1BA$680
Oak Hill Apartments1BR/1BA1BR,1BA$686
The Apartments at LambertonLiberty Vault RetailStudio,$700
Country Place Apartments23484 Creek Rd1BR,1BA$700
Brookside Commons1x11BR,1BA$840
Shenango Park ApartmentsOne Bedroom1BR,1BA$846
Lafayette Apartments2/12BR,1BA$875
Westgate Apartments2 Bed2BR,1BA$875

Best Value Apartments for Rent in Franklin, PA and Nearby

As of June 22, 2026 the best value apartment in the Franklin area is the $0.36 price per square foot 4 Bedroom 4.5 Bath Model at The Heights at Slippery Rock in the starting from $645. The second greatest value Franklin apartment is the 4 Bed / 1.5 Bathroom Model at Campus Side Apartments starting at $325 with a $0.29 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.
The Heights at Slippery Rock4 Bedroom 4.5 Bath4BR,4.5BA$0.36
Campus Side Apartments4 Bed / 1.5 Bathroom4BR,1.5BA$0.29
South Rock Apartments2 Beds, 2 baths2BR,2BA$0.57
Lafayette Apartments2/12BR,1BA$0.88
Monticello Apartments2 bedroom2BR,1BA$0.88
Westgate Apartments2 Bed2BR,1.5BA$0.97
University Village at Slippery Rock (new)2BR/2BA2BR,2BA$0.72
Lakewood Manor2 Bedroom - 2 Bath w/ Balcony2BR,1BA$1.05
Golfview Manor1BR/1.0BA1BR,1BA$0.94
Country Place Apartments23484 Creek Rd1BR,1BA$1.17

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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Franklin, PA

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

Explore Franklin, PA 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 $510 at Eagle Park 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 $680 at Drake Village Apartments.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Oak Hill Apartments and starts from $1,060.

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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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.

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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.