Cheap Apartments for Rent in Franklin, TN from $900 (47 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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Heritage Place
Rent Specials
$1,490 - $1,890
Total Monthly Price

Total Monthly Price

Base Rent
$1,490 - $1,890
Total Monthly Price
$1,490 - $1,890
2 Bedroom Apartments Available Now

Heritage Place

700 Westminster DrFranklin, TN 37067
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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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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Dwell at McEwen
Rent Specials
$1,711 - $3,981
Total Monthly Price

Total Monthly Price

Base Rent
$1,711 - $3,981
Total Monthly Price
$1,711 - $3,981
1 to 3 Bedroom Apartments Available Now

Dwell at McEwen

100 Reliance DrFranklin, TN 37067
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-47, Page 1 of 1

Franklin, TN Local Guide

Cheapest Neighborhoods for Apartments in Franklin, TN

Pricing Updated: 04/21/2026

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$3,895$1,345208

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, TN is a 1 Bed unit found at Franklin Flats in the Garden Club Estates neighborhood priced from $1,224. Carrington Hills in the Garden Club Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,340. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Franklin FlatsA3-HV-60%1BR,1BA$1,224
Carrington HillsDominion1BR,1BA$1,340
Franklin Manor Apartments1 bd/11BR,1BA$1,350
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1,357
The Madison FranklinThe Henley1BR,1BA$1,383
Royal Oaks Apartments2 BR/1.5 BA2BR,1BA$1,385
Viera Cool SpringsWilliamson1BR,1BA$1,420
Ashton BrookA2 Diplomat1BR,1BA$1,479
IMT at the GalleriaA11BR,1BA$1,490
Heritage PlaceB2 - Partially Renovated2BR,1BA$1,490

Best Value Apartments for Rent in Franklin, TN

As of April 21, 2026 the best value apartment in the Franklin area is the $1.82 price per square foot Abington A Model at 780 Townhomes in the in the Garden Club Estates neighborhood starting from $3,403. The second greatest value Franklin apartment is the Harlinsdale Model at The Whitney Franklin starting at $1,695 with a $1.55 price per square foot in the Downtown Franklin 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.
780 TownhomesAbington A3BR,3BA$1.82
The Whitney FranklinHarlinsdale2BR,2BA$1.55
Sussex DownsHuntington2BR,2BA$1.61
Royal Oaks Apartments2 BR/1.5 BA2BR,1.5BA$1.61
Franklin Manor Apartments1 bd/11BR,1BA$1.42
Heritage PlaceB2 - Renovated2BR,1.5BA$1.67
Magnolia Place Apartments2 BD | 1.5 BA 917 sf2BR,1.5BA$1.74
Ashton BrookA1 Deluxe1BR,1BA$1.76
South Wind Apartment HomesSodina1BR,1BA$1.84
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1.85

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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Franklin, TN

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Remember the 3 Rules of Real Estate:
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Explore Franklin, TN Rentals by Map

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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 $1,605.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $1,224 at Franklin Flats.

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 $1,385 at Royal Oaks Apartments.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Ashton Brook and starts from $2,125.

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.

Articles, How-To's, and Tips

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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.