Cheap Apartments for Rent in Franklin, TN from $900 (51 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article
close
View Me
IMT at the Galleria
Rent Specials
$1,472 - $2,357
Total Monthly Price

Total Monthly Price

Base Rent
$1,472 - $2,357
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

IMT at the Galleria

427 Nichol Mill LnFranklin, TN 37067
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
IMT Franklin Gateway
$1,507 - $2,169
Total Monthly Price

Total Monthly Price

Base Rent
$1,507 - $2,169
Total Monthly Price
$1,507 - $2,169
Studio to 3 Bedroom Apartments Available Now

IMT Franklin Gateway

1116 Davenport BlvdFranklin, TN 37069
Affordability
  • Verified
  • Customer Reviewed
  • Smoke Free
close
View Me
Heritage Place
Rent Specials
$1,552 - $1,952
Total Monthly Price

Total Monthly Price

Base Rent
$1,552 - $1,952
Total Monthly Price
$1,552 - $1,952
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.

Read Article
close
View Me
IMT Cool Springs
$1,614 - $2,810
Total Monthly Price

Total Monthly Price

Base Rent
$1,614 - $2,810
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Jul 9

IMT Cool Springs

101 Gillespie DrFranklin, TN 37067
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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

601 Boyd Mill Ave
FranklinTN37064

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.

Read Article
close
View Me
Dwell at McEwen
Rent Specials
$1,766 - $4,276
Total Monthly Price

Total Monthly Price

Base Rent
$1,766 - $4,276
Total Monthly Price
$1,766 - $4,276
1 to 3 Bedroom Apartments Available Now

Dwell at McEwen

100 Reliance DrFranklin, TN 37067
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 117 Pebble Creek

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300
Total Monthly Price
$2,300

4 Bedroom, 2 Bath Home for Rent

Available Now

117 Pebble Creek

FranklinTN37064

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.

Read Article
close
View Me
Sussex Downs
2 Bedroom Apartments

Sussex Downs

1125 Magnolia DrFranklin, TN 37064
Corporate Housing

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.

Read Article
Showing Results 1-50, Page 1 of 2

Franklin, TN Local Guide

Cheapest Neighborhoods for Apartments in Franklin, TN

Pricing Updated: 07/01/2026

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$4,697$1,67511

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, TN is a 1 Bed unit found at Franklin Manor Apartments in the Downtown Franklin neighborhood priced from $1,200. Franklin Flats in the Garden Club Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,238. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Franklin Manor Apartments1 bd/11BR,1BA$1,200
Franklin FlatsA3-60%1BR,1BA$1,238
Carrington HillsDominion1BR,1BA$1,292
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1,293
GreenhavenA11BR,1BA$1,360
The Madison FranklinThe Oxford1BR,1BA$1,379
Viera Cool SpringsCameron1BR,1BA$1,424
South Wind Apartment HomesSodina1BR,1BA$1,450
Royal Oaks Apartments2 BR/1.5 BA2BR,1BA$1,495
IMT at the GalleriaA21BR,1BA$1,497

Best Value Apartments for Rent in Franklin, TN

As of July 01, 2026 the best value apartment in the Franklin area is the $1.78 price per square foot 4A - Winstead Townhome with Attached Garage Model at Oakbrook Townhomes in the in the Garden Club Estates neighborhood starting from $3,849. The second greatest value Franklin apartment is the B2 Model at IMT Franklin Gateway starting at $2,027 with a $1.63 price per square foot in the Southeast Nashville 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.
Oakbrook Townhomes4A - Winstead Townhome with Attached Garage4BR,3.5BA$1.78
IMT Franklin GatewayB22BR,2BA$1.63
Ashton BrookB1 Executive2BR,2BA$1.63
The Whitney FranklinHarlinsdale2BR,2BA$1.51
Sussex DownsHuntington2BR,2BA$1.57
Royal Oaks Apartments2 BR/1.5 BA2BR,1.5BA$1.52
Franklin Manor Apartments1 bd/11BR,1BA$1.26
Heritage PlaceB2 - Partially Renovated2BR,1.5BA$1.69
South Wind Apartment HomesSodina1BR,1BA$1.78
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1.76

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Franklin, TN
Population: 80,914

Ranked #429

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

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

Decorative image of map

See the most popular apartments and homes in Franklin, TN

View Map
Franklin, TN Apartments Map
View Map
Franklin, TN Rental Homes Map

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 $1,550.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $1,200 at Franklin Manor Apartments.

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 $1,399 at The Landings of Brentwood Apartments.

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 $1,982.

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

decorative image for A Nashville Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Nashville article

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.

decorative image for A Locals Look at Nashvilles Best Neighborhoods to Rent Near the Areas Largest Employers article

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.