Cheap Apartments for Rent in Franklin, TN from $900 (52 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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IMT Cool Springs
$1,534 - $2,765
Total Monthly Price

Total Monthly Price

Base Rent
$1,534 - $2,765
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

IMT Cool Springs

101 Gillespie DrFranklin, TN 37067
Family Friendly
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Heritage Place
Rent Specials
$1,553 - $1,953
Total Monthly Price

Total Monthly Price

Base Rent
$1,553 - $1,953
Total Monthly Price
$1,553 - $1,953
2 Bedroom Apartments Available Now

Heritage Place

700 Westminster DrFranklin, TN 37067
Corporate Housing
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IMT at the Galleria
Rent Specials
$1,577 - $2,487
Total Monthly Price

Total Monthly Price

Base Rent
$1,577 - $2,487
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Jul 15

IMT at the Galleria

427 Nichol Mill LnFranklin, TN 37067
Affordability
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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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IMT Franklin Gateway
$1,647 - $2,574
Total Monthly Price

Total Monthly Price

Base Rent
$1,647 - $2,574
Total Monthly Price
$1,647 - $2,574
Studio to 3 Bedroom Apartments Available Sep 3

IMT Franklin Gateway

1116 Davenport BlvdFranklin, TN 37069
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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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Dwell at McEwen
Rent Specials
$1,691 - $4,456
Total Monthly Price

Total Monthly Price

Base Rent
$1,691 - $4,456
Total Monthly Price
$1,691 - $4,456
1 to 3 Bedroom Apartments Available Now

Dwell at McEwen

100 Reliance DrFranklin, TN 37067
Luxury
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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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Sussex Downs
2 Bedroom Apartments

Sussex Downs

1125 Magnolia DrFranklin, TN 37064
Corporate Housing

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: 07/14/2026

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

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Franklin$3,453$1,200202

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, TN is a 1 Bed unit found at The Landings of Brentwood Apartments in the Williamson County neighborhood priced from $1,213. Franklin Flats in the Garden Club Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,238. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1,213
Franklin FlatsA3-60%1BR,1BA$1,238
Viera Cool SpringsCameron1BR,1BA$1,267
The Madison FranklinThe Oxford1BR,1BA$1,396
South Wind Apartment HomesSodina1BR,1BA$1,454
MAA Cool SpringsBelcourt1BR,1BA$1,478
Harpeth River OaksThe Sycamore1BR,1BA$1,532
Sussex DownsHuntington2BR,2BA$1,545
Magnolia Place2 x 1.5 R2BR,1BA$1,550
Heritage PlaceB2 - Classic2BR,1BA$1,553

Best Value Apartments for Rent in Franklin, TN

As of July 15, 2026 the best value apartment in the Franklin area is the $1.82 price per square foot Abington A Model at The Row at Franklin in the in the Garden Club Estates neighborhood starting from $3,403. The second greatest value Franklin apartment is the B3EUPGRADE Model at IMT Cool Springs starting at $2,244 with a $1.82 price per square foot in the Garden Club Estates 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.
The Row at FranklinAbington A3BR,3BA$1.82
IMT Cool SpringsB3EUPGRADE2BR,2BA$1.82
Ashton BrookB1 Executive2BR,2BA$1.65
Carrington HillsFranklin3BR,2BA$1.63
Sussex DownsWoodbridge2BR,2BA$1.51
The Whitney FranklinHarlinsdale2BR,2BA$1.46
Royal Oaks Apartments2 BR/1.5 BA2BR,1.5BA$1.52
Magnolia Place2 x 1.5 R2BR,1.5BA$1.69
South Wind Apartment HomesSodina1BR,1BA$1.84
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1.62

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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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!

Explore Franklin, TN Rentals by Map

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See the most popular apartments and homes in Franklin, TN

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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 Paxton Cool Springs listed at $1,590.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $1,191 at The Landings of Brentwood 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 $1,474 at The Madison Franklin.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Carrington Hills and starts from $1,989.

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.

Helpful Local Expert Guides

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A Nashville Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Brandie Parton

I’m Brandie, your ApartmentHomeLiving.com local expert for Nashville, Tennessee.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Nashville

Written by: Brandie Parton

As part of the team here at Apartment Home Living, I am eager to tell you all about Nashville, and its amazing colleges and nearby neighborhoods that make perfect residences for students, seeking to increase their education and g.

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A Locals Look at Nashvilles Best Neighborhoods to Rent Near the Areas Largest Employers

Written by: Brandie Parton

Hi there, I am Brandie Parton, your local expert for Nashville, TN, with ApartmentHomeLiving.com.

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Peek Behind the Curtain at the Music City: Your Local Insider's Guide to Nashville

Written by: Brandie Parton

Hi there, I’m Brandie, your ApartmentHomeLiving.com local expert for the Nashville, Tennessee area.

Articles, How-To's, and Tips

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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.

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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.