Cheap Apartments for Rent in Franklin, TN from $900 (51 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 - $2,286
Total Monthly Price

Total Monthly Price

Base Rent
$1,490 - $2,286
Total Monthly Price
$1,490 - $2,286
2 Bedroom Apartments Available Now

Heritage Place

700 Westminster DrFranklin, TN 37067
Corporate Housing
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IMT at the Galleria
Rent Specials
$1,507 - $2,357
Total Monthly Price

Total Monthly Price

Base Rent
$1,507 - $2,357
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

IMT at the Galleria

427 Nichol Mill LnFranklin, TN 37067
Work From Home
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IMT Cool Springs
$1,569 - $2,425
Total Monthly Price

Total Monthly Price

Base Rent
$1,569 - $2,425
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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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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property at 601 Boyd Mill Ave

$1,675

Total Monthly Price

Total Monthly Price

Base Rent
$1,675
Total Monthly Price
$1,675

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

601 Boyd Mill Ave, Unit D2, Unit D2

601 Boyd Mill Ave
FranklinTN37064
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IMT Franklin Gateway
$1,692 - $2,339
Total Monthly Price

Total Monthly Price

Base Rent
$1,692 - $2,339
Total Monthly Price
$1,692 - $2,339
Studio to 3 Bedroom Apartments Available Jun 14

IMT Franklin Gateway

1116 Davenport BlvdFranklin, TN 37069
Affordability
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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
$1,856 - $4,226
Total Monthly Price

Total Monthly Price

Base Rent
$1,856 - $4,226
Total Monthly Price
$1,856 - $4,226
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
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The Whitney Franklin
1 to 3 Bedroom Apartments

The Whitney Franklin

113 Magnolia DrFranklin, TN 37064
Corporate Housing

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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Franklin, TN Local Guide

Cheapest Neighborhoods for Apartments in Franklin, TN

Pricing Updated: 05/19/2026

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$3,599$1,195186

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 $1,238. Viera Cool Springs in the Garden Club Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,311. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Franklin FlatsA3-60%1BR,1BA$1,238
Viera Cool SpringsWilliamson Luxe1BR,1BA$1,311
Carrington HillsDominion1BR,1BA$1,337
The Madison FranklinThe Oxford1BR,1BA$1,396
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1,402
GreenhavenA11BR,1BA$1,436
Harpeth River OaksThe Sycamore1BR,1BA$1,457
Grove at Shadow Green ApartmentsA1 Cottonwood1BR,1BA$1,468
South Wind Apartment HomesSodina1BR,1BA$1,475
Heritage PlaceB2 - Partially Renovated2BR,1BA$1,490

Best Value Apartments for Rent in Franklin, TN

As of May 19, 2026 the best value apartment in the Franklin area is the $1.89 price per square foot Colonial A Model at 780 Townhomes in the in the Garden Club Estates neighborhood starting from $3,553. The second greatest value Franklin apartment is the Troubadour Model at MAA Cool Springs starting at $2,568 with a $1.84 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.
780 TownhomesColonial A3BR,3.5BA$1.89
MAA Cool SpringsTroubadour3BR,2BA$1.84
Dwell at McEwenB12 to B142BR,2.5BA$1.89
The Whitney FranklinHarlinsdale2BR,2BA$1.55
Sussex DownsHuntington2BR,2BA$1.61
Royal Oaks Apartments2 BR/1.5 BA2BR,1.5BA$1.50
Heritage PlaceB2 - Renovated2BR,1.5BA$1.67
Ashton BrookA1 Deluxe1BR,1BA$1.81
South Wind Apartment HomesSodina1BR,1BA$1.81
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1.91

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 $1,510.

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 $1,484 at Franklin Flats.

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 $1,840.

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.

decorative image for Peek Behind the Curtain at the Music City: Your Local Insiders Guide to Nashville article

Peek Behind the Curtain at the Music City: Your Local Insiders 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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.