Cheap Apartments for Rent in Franklin, TN from $900 (42 Rentals)

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

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Royal Oaks Apartments
2 Bedroom Apartments

Royal Oaks Apartments

179 N Royal Oaks BlvdFranklin, TN 37067
  • Utilities Included

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Franklin, TN Local Guide

Cheapest Neighborhoods for Apartments in Franklin, TN

Pricing Updated: 09/13/2025

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$3,974$1,345172

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, TN is a 1 Bed unit found at The Whitney Franklin in the Downtown Franklin neighborhood priced from $1,399. Viera Cool Springs in the Garden Club Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,402. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Whitney FranklinFieldstone1BR,1BA$1,399
Viera Cool SpringsWilliamson1BR,1BA$1,402
The Madison FranklinThe Henley1BR,1BA$1,417
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1,437
Magnolia Place Apartments1 BD | 1 BA 668 sf1BR,1BA$1,495
GreenhavenA11BR,1BA$1,504
Ashton BrookA1 Deluxe1BR,1BA$1,517
Wyndchase Aspen GroveAshlawn Renovated1BR,1BA$1,527
Mandolin at Stream ValleyFirefly1BR,1BA$1,529

Best Value Apartments for Rent in Franklin, TN

As of September 13, 2025 the best value apartment in the Franklin area is the $1.78 price per square foot Colonial B Model at 780 Townhomes in the in the Garden Club Estates neighborhood starting from $3,400. The second greatest value Franklin apartment is the 3A - Elllington Townhome with Attached Garage Model at Oakbrook Townhomes starting at $3,444 with a $1.91 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 B3BR,3.5BA$1.78
Oakbrook Townhomes3A - Elllington Townhome with Attached Garage3BR,3.5BA$1.91
Simmons RidgeWakefield3BR,3BA$1.95
Sussex DownsHuntington2BR,2BA$1.52
Carrington HillsHarpeth2BR,2BA$1.78
MAA Cool SpringsBelcourt1BR,1BA$1.78
Ashton BrookA1 Deluxe1BR,1BA$1.72
Wyndchase Aspen GroveAshlawn Renovated1BR,1BA$1.78
The Madison FranklinThe Henley1BR,1BA$1.77
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1.96

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Franklin, TN
Population: 80,914

Ranked #429

in US Census Population by City

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Pet Friendly Lifestyle
Franklin, TN

Ranked #19

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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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Getting Around Franklin, TN

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

34 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

16 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Franklin Apartments

What is the price of a cheap apartment in Franklin?

The cheapest apartment in Franklin is The Whitney Franklin which is listed at $1,399, while the average apartment in Franklin costs $3,974.

What types of apartments are the cheapest in Franklin?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Franklin that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Franklin?

Cheap apartments in Franklin have an average cost of $109 which is $3,865 cheaper than the average rent for all rentals in Franklin.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.