Cheap Apartments for Rent in Franklin, TN from $1,306 (51 Rentals)

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

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Heritage Place
$1,353 - $1,953
Total Monthly Price

Total Monthly Price

Base Rent
$1,353 - $1,953
Total Monthly Price
$1,353 - $1,953
2 Bedroom Apartments Available Now

Heritage Place

700 Westminster DrFranklin, TN 37067
Corporate Housing
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IMT at the Galleria
Rent Specials
$1,462 - $2,597
Total Monthly Price

Total Monthly Price

Base Rent
$1,462 - $2,597
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

IMT at the Galleria

427 Nichol Mill LnFranklin, TN 37067
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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 Cool Springs
$1,484 - $2,540
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Total Monthly Price

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$1,484 - $2,540
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

IMT Cool Springs

101 Gillespie DrFranklin, TN 37067
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Wyndchase Aspen Grove
Rent Specials
$1,517 - $6,888
Total Monthly Price

Total Monthly Price

Base Rent
$1,517 - $6,888
Total Monthly Price
$1,517 - $6,888
1 to 3 Bedroom Apartments Available Now

Wyndchase Aspen Grove

3100 Aspen Grove DrFranklin, TN 37067
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IMT Franklin Gateway
$1,577 - $2,034
Total Monthly Price

Total Monthly Price

Base Rent
$1,577 - $2,034
Total Monthly Price
$1,577 - $2,034
Studio to 3 Bedroom Apartments Available Now

IMT Franklin Gateway

1116 Davenport BlvdFranklin, TN 37069
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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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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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property at 613 Hillsboro Rd

$1,280 - $1,550

1 To 2 Bedroom Rentals

Available Now

613 Hillsboro Rd

FranklinTN37064

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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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.

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Franklin, TN Local Guide

Cheapest Neighborhoods for Apartments in Franklin, TN

Pricing Updated: 08/26/2026

Current apartment rentals in the Franklin, TN area range in price from $1,345 to $9,900 with an overall median price of $1,998. Here is today’s list neighborhoods with the lowest median pricing for Franklin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Franklin$1,998$1,345196

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, TN is a 2 Beds unit found at Heritage Place in the Garden Club Estates neighborhood priced from $1,353. Viera Cool Springs in the Garden Club Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,374. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Heritage PlaceB2 - Partially Renovated2BR,1BA$1,353
Viera Cool SpringsCameron Luxe1BR,1BA$1,374
Royal Oaks Apartments2 BR/1.5 BA2BR,1BA$1,375
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1,395
The Madison FranklinThe Oxford1BR,1BA$1,399
Vintage Tollgate ApartmentsA51BR,1BA$1,405
GreenhavenA11BR,1BA$1,417
South Wind Apartment HomesSodina1BR,1BA$1,454
IMT at the GalleriaA11BR,1BA$1,457
IMT Cool SpringsA1W1BR,1BA$1,479

Best Value Apartments for Rent in Franklin, TN

As of August 26, 2026 the best value apartment in the Franklin area is the $1.86 price per square foot Colonial A Model at The Row at Franklin in the in the Garden Club Estates neighborhood starting from $3,503. The second greatest value Franklin apartment is the 2 bd/1.5 Model at Franklin Manor Apartments starting at $1,645 with a $1.32 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 FranklinColonial A3BR,3.5BA$1.86
Franklin Manor Apartments2 bd/1.52BR,1.5BA$1.32
The Whitney FranklinHarlinsdale2BR,2BA$1.55
Royal Oaks Apartments2 BR/1.5 BA2BR,1.5BA$1.48
Sussex DownsHuntington2BR,2BA$1.57
Heritage PlaceB2 - Partially Renovated2BR,1.5BA$1.47
Ashton BrookA1 Deluxe1BR,1BA$1.80
South Wind Apartment HomesSodina1BR,1BA$1.79
GreenhavenA11BR,1BA$1.89
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 $1,610.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $1,374 at Viera Cool Springs.

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 $1,353 at Heritage Place.

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 $2,268.

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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