Cheap Apartments for Rent in Franklin, TN from $900 (37 Rentals)

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

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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Royal Oaks Apartments
2 Bedroom Apartments

Royal Oaks Apartments

179 N Royal Oaks BlvdFranklin, TN 37067
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-37, Page 1 of 1

Franklin, TN Local Guide

Cheapest Neighborhoods for Apartments in Franklin, TN

Pricing Updated: 07/08/2025

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$4,024$1,267155

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, TN is a 1 Bed unit found at The Madison Franklin in the Downtown Franklin neighborhood priced from $1,267. Viera Cool Springs in the Garden Club Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,320. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Madison FranklinThe Oxford1BR,1BA$1,267
Viera Cool SpringsCameron Luxe1BR,1BA$1,320
Franklin Manor Apartments1 bd/11BR,1BA$1,350
Harpeth River OaksThe Sycamore1BR,1BA$1,372
Wyndchase Aspen GroveAspen Renovated1BR,1BA$1,396
The Landings of Brentwood ApartmentsBrentvale2BR,2BA$1,409
Carrington HillsWilliamson2BR,2BA$1,478
Ashton BrookA1 Deluxe1BR,1BA$1,517
The Whitney FranklinFieldstone1BR,1BA$1,525
MAA Cool SpringsBelcourt1BR,1BA$1,543

Best Value Apartments for Rent in Franklin, TN

As of July 08, 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 B2 Model at IMT Franklin Gateway starting at $2,070 with a $1.67 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.
780 TownhomesColonial B3BR,3.5BA$1.78
IMT Franklin GatewayB22BR,2BA$1.67
Sussex DownsWoodbridge2BR,2BA$1.46
The Landings of Brentwood ApartmentsBrentvale2BR,2BA$1.40
Carrington HillsHarpeth2BR,2BA$1.78
Franklin Manor Apartments1 bd/11BR,1BA$1.42
Magnolia Place Apartments2 BD | 1.5 BA 917 sf2BR,1.5BA$1.74
Ashton BrookA1 Deluxe1BR,1BA$1.72
Harpeth River OaksThe Sycamore1BR,1BA$1.92
The Madison FranklinThe Oxford1BR,1BA$1.87

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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 #22

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 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 $1,543.

What is the price of a cheap apartment in Franklin?

The cheapest apartment in Franklin is The Madison Franklin which is listed at $1,267, while the average apartment in Franklin costs $4,024.

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 7 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 $154 which is $3,870 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.