Cheap Apartments for Rent in Franklin, TN from $1,238 (57 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
$1,384 - $6,718

Total Monthly Price

Base Rent$1,384 - $6,718
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Wyndchase Aspen Grove

3100 Aspen Grove DrFranklin, TN 37067
Furnished
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  • 3D Tour

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 at the Galleria
Rent Specials
$1,497 - $2,342

Total Monthly Price

Base Rent$1,497 - $2,342
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

IMT at the Galleria

427 Nichol Mill LnFranklin, TN 37067
Affordability
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IMT Cool Springs
$1,574 - $2,400

Total Monthly Price

Base Rent$1,574 - $2,400
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

IMT Cool Springs

101 Gillespie DrFranklin, TN 37067
Family Friendly
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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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IMT Franklin Gateway
$1,607 - $2,009

Total Monthly Price

Base Rent$1,607 - $2,009
Total Monthly Price$1,607 - $2,009
Studio to 3 Bedroom Apartments Available Now

IMT Franklin Gateway

1116 Davenport BlvdFranklin, TN 37069
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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 - $1,959

Total Monthly Price

Base Rent$1,759 - $1,959
Total Monthly Price$1,759 - $1,959
2 Bedroom Apartments Available Now

Heritage Place

700 Westminster DrFranklin, TN 37067
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property at 245 Wardington Pass
$2,150

Total Monthly Price

Base Rent$2,150
Total Monthly Price$2,150
2 Bedroom, 2.5 Bath Townhome for Rent
Available Now

245 Wardington Pass

FranklinTN37069

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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property at 613 Hillsboro Rd
$1,280 - $1,550
1 To 2 Bedroom Rentals
Available Now
Affordability

613 Hillsboro Rd

FranklinTN37064
property at 601 Boyd Mill Ave
$1,400 - $1,899
1 To 2 Bedroom Rentals
Available Now
Affordability

601 Boyd Mill Ave

FranklinTN37064

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: 09/09/2026

Current apartment rentals in the Franklin, TN area range in price from $1,375 to $9,900 with an overall median price of $1,942. Here is today’s list neighborhoods with the lowest median pricing for Franklin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Franklin$1,942$1,375200

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, TN is a 1 Bed unit found at Vintage Tollgate Apartments in the Bridgemore Village neighborhood priced from $1,262. Wyndchase Aspen Grove in the Garden Club Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,293. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vintage Tollgate ApartmentsA31BR,1BA$1,262
Wyndchase Aspen GroveBerry1BR,1BA$1,293
Royal Oaks Apartments2 BR/1.5 BA2BR,1BA$1,375
The Madison FranklinThe Oxford1BR,1BA$1,399
South Wind Apartment HomesSodina1BR,1BA$1,399
GreenhavenA11BR,1BA$1,410
Harpeth River OaksThe Sycamore1BR,1BA$1,427
Viera Cool SpringsCameron1BR,1BA$1,435
The Landings of Brentwood ApartmentsBrentvale2BR,2BA$1,440
The HarperA11BR,1BA$1,488

Best Value Apartments for Rent in Franklin, TN

As of September 09, 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 2 bd/1.5 Model at Franklin Manor Apartments starting at $1,670 with a $1.34 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.
The Row at FranklinAbington A3BR,3BA$1.82
Franklin Manor Apartments2 bd/1.52BR,1.5BA$1.34
IMT Cool SpringsB1EUPGRADE2BR,2BA$1.84
The Whitney FranklinHarlinsdale2BR,2BA$1.55
Royal Oaks Apartments2 BR/1.5 BA2BR,1.5BA$1.43
Sussex DownsHuntington2BR,2BA$1.61
Carrington HillsHarpeth2BR,2BA$1.87
Ashton BrookA1 Deluxe1BR,1BA$1.75
South Wind Apartment HomesSodina1BR,1BA$1.72
GreenhavenA11BR,1BA$1.88

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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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

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $1,238 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 $1,375 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 Wyndchase Aspen Grove and starts from $2,004.

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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