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.

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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

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
$1,509 - $2,409
Total Monthly Price

Total Monthly Price

Base Rent
$1,509 - $2,409
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

IMT Cool Springs

101 Gillespie DrFranklin, TN 37067
Family Friendly
  • 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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IMT at the Galleria
Rent Specials
$1,647 - $2,507
Total Monthly Price

Total Monthly Price

Base Rent
$1,647 - $2,507
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

IMT at the Galleria

427 Nichol Mill LnFranklin, TN 37067
Work From Home
  • Verified
  • Customer Reviewed
  • 3D Tour
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Dwell at McEwen
Rent Specials
$1,661 - $4,287
Total Monthly Price

Total Monthly Price

Base Rent
$1,661 - $4,287
Total Monthly Price
$1,661 - $4,287
1 to 3 Bedroom Apartments Available Now

Dwell at McEwen

100 Reliance DrFranklin, TN 37067
Luxury
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  • Customer Reviewed
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property at 601 Boyd Mill Ave

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

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
$1,717 - $2,374
Total Monthly Price

Total Monthly Price

Base Rent
$1,717 - $2,374
Total Monthly Price
$1,717 - $2,374
Studio to 3 Bedroom Apartments Available Jun 14

IMT Franklin Gateway

1116 Davenport BlvdFranklin, TN 37069
Work From Home
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  • Customer Reviewed
  • Smoke Free

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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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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Sussex Downs
2 Bedroom Apartments

Sussex Downs

1125 Magnolia DrFranklin, TN 37064
Corporate Housing
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The Whitney Franklin
1 to 3 Bedroom Apartments

The Whitney Franklin

113 Magnolia DrFranklin, TN 37064
Corporate Housing

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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Franklin, TN Local Guide

Cheapest Neighborhoods for Apartments in Franklin, TN

Pricing Updated: 05/05/2026

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$1,245134

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 2 Beds apartment currently listed from $1,327. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Franklin FlatsA3-60%1BR,1BA$1,224
Carrington HillsHarpeth2BR,2BA$1,327
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1,344
Franklin Manor Apartments1 bd/11BR,1BA$1,350
The Madison FranklinThe Oxford1BR,1BA$1,396
Viera Cool SpringsWilliamson1BR,1BA$1,417
Royal Oaks Apartments2 BR/1.5 BA2BR,1BA$1,445
Ashton BrookA2 Diplomat1BR,1BA$1,479
Heritage PlaceB2 - Partially Renovated2BR,1BA$1,490
South Wind Apartment HomesSodina1BR,1BA$1,495

Best Value Apartments for Rent in Franklin, TN

As of May 05, 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$1.54
Franklin Manor Apartments1 bd/11BR,1BA$1.42
Heritage PlaceB2 - Renovated2BR,1.5BA$1.67
MAA Cool SpringsCarnegie1BR,1BA$1.92
Ashton BrookA1 Deluxe1BR,1BA$1.83
South Wind Apartment HomesSodina1BR,1BA$1.84
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1.83

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

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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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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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Frequently Asked Questions about Cheap Franklin Apartments

What is a cheap apartment in Franklin?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Franklin is under $1,495.

What is the price of a cheap apartment in Franklin?

The cheapest apartment in Franklin is Franklin Flats which is listed at $1,224, while the average apartment in Franklin costs $3,895.

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 13 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 $103 which is $3,792 cheaper than the average rent for all rentals in Franklin.

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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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.