Cheap Apartments for Rent in Franklin, TN from $1,040 (70 Rentals)

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

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Wyndchase Aspen Grove
Rent Specials
$1,415 - $4,657

Total Monthly Price

Base Rent$1,415 - $4,657
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Wyndchase Aspen Grove

3100 Aspen Grove DrFranklin, TN 37067
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IMT at the Galleria
Rent Specials
$1,452 - $2,272

Total Monthly Price

Base Rent$1,452 - $2,272
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

IMT at the Galleria

427 Nichol Mill LnFranklin, TN 37067
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IMT Cool Springs
$1,484 - $2,540

Total Monthly Price

Base Rent$1,484 - $2,540
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

IMT Cool Springs

101 Gillespie DrFranklin, TN 37067
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Peek Behind the Curtain at the Music City: Your Local Insiders Guide to Nashville

Nashville is more than a honky tonk town! Dive into the city's academic prestige, trendy culinary scene, professional sports, and stunning natural parks with this local guide. Explore Nashville's popular neighborhoods like The Gulch, Broadway, and 12 South. Learn local tips on transportation, where to find the best local vibe, and fun facts about the "Athens of the South."

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IMT Franklin Gateway
$1,507 - $2,049

Total Monthly Price

Base Rent$1,507 - $2,049
Total Monthly Price$1,507 - $2,049
Studio to 3 Bedroom Apartments Available Now

IMT Franklin Gateway

1116 Davenport BlvdFranklin, TN 37069
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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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A Local's Look at Nashville's Best Neighborhoods to Rent Near the Area's Largest Employers

Discover Nashville's best neighborhoods for apartments, condos, and homes, matched to your workplace at the city’s largest employers.

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Heritage Place
$1,759 - $2,355

Total Monthly Price

Base Rent$1,759 - $2,355
Total Monthly Price$1,759 - $2,355
2 Bedroom Apartments Available Now

Heritage Place

700 Westminster DrFranklin, TN 37067
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property at 601 Boyd Mill Ave
$1,285 - $1,725
1 To 2 Bedroom Rentals
Available Now
Affordability

601 Boyd Mill Ave

FranklinTN37064

Nashville's Best Affordable Neighborhoods

Learn about Nashville and the best places to live with original content written by our Local Expert Brandie Parton

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Avana Bellevue
Rent Specials
$1,283 - $4,283

Total Monthly Price

Base Rent$1,283 - $4,283
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Avana Bellevue

2100 Waterford CirNashville, TN 37221
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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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Franklin, TN Local Guide

Cheapest Neighborhoods for Apartments in Franklin, TN

Pricing Updated: 09/23/2026

Current apartment rentals in the Franklin, TN area range in price from $1,375 to $9,900 with an overall median price of $1,934. Here is today’s list neighborhoods with the lowest median pricing for Franklin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Franklin$1,934$1,375209

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, TN is a 1 Bed unit found at Wyndchase Bellevue Apartments in the Bellevue neighborhood priced from $1,076. 865 Bellevue in the Bellevue neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,230. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wyndchase Bellevue ApartmentsA - The Fairbury1BR, 1BA$1,076
865 BellevueThe Bluebird1BR, 1BA$1,230
Franklin FlatsA3-60%1BR, 1BA$1,238
Viera Cool SpringsCameron1BR, 1BA$1,258
Avana BellevueAscot (591 SF)1BR, 1BA$1,283
Sanctuary Bluff ApartmentsBalanceStudio, 1BA$1,299
Arrive Bellevue1x1.5 Townhome1BR, 1BA$1,309
MAA Bellevue11B1BR, 1BA$1,313
Solstice at June LakeDogwood1BR, 1BA$1,353
Royal Oaks Apartments2 BR/1.5 BA2BR, 1BA$1,375

Best Value Apartments for Rent in Franklin, TN

As of September 23, 2026 the best value apartment in the Franklin area is the $1.31 price per square foot The Maple Model at The Slate in the Bellevue neighborhood starting from $2,119. The second greatest value Franklin apartment is the B8LOFT Model at IMT Franklin Gateway in the Williamson County neighborhood starting at $2,047 with a $1.59 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 SlateThe Maple3BR, 2.5BA$1.31
IMT Franklin GatewayB8LOFT2BR, 2BA$1.59
Newport StationThe Roderick2BR, 2BA$1.46
405 Alexander Dr, Unit A405 Alexander Dr2BR, 1.5BA$1.67
The Whitney FranklinHarlinsdale2BR, 2BA$1.55
Warner Park Commons3x2-60%3BR, 2BA$1.57
Sussex DownsHuntington2BR, 2BA$1.52
Royal Oaks Apartments2 BR/1.5 BA2BR, 1.5BA$1.43
Arrive Bellevue1x1.5 Townhome1BR, 1.5BA$1.60
Wyndchase Bellevue ApartmentsA - The Fairbury1BR, 1BA$1.54

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Franklin, TN
Population: 80,914

Ranked #429

in US Census Population by City

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Best Local Schools in
Franklin, TN

School data provided by Great Schools

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

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Frequently Asked Questions about Cheap Franklin Apartments

What is the Cheapest Studio apartment in Franklin?

Currently the most affordable Cheap Studio Apartment in Franklin is at Sanctuary Bluff Apartments listed at $1,299.

How much is rent for a Cheap One Bedroom Franklin Apartment?

The lowest price for a Cheap One Bedroom Franklin Apartment is $1,076 at Wyndchase Bellevue 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 $1,355 at Avana Bellevue.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Warner Park Commons and starts from $1,681.

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.

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