Cheap Apartments for Rent in Franklin, TN from $900 (40 Rentals)

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

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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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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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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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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property at 613 Hillsboro Rd

613 Hillsboro Rd

FranklinTN37064
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Royal Oaks Apartments
2 Bedroom Apartments

Royal Oaks Apartments

179 N Royal Oaks BlvdFranklin, TN 37067
  • Utilities Included

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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Franklin, TN Local Guide

Cheapest Neighborhoods for Apartments in Franklin, TN

Pricing Updated: 10/18/2025

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$3,825$1,345198

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 $1,349. The Landings of Brentwood Apartments in the Southeast Nashville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,399. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Heritage PlaceB1 - Classic2BR,1BA$1,349
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1,399
Viera Cool SpringsCameron Luxe1BR,1BA$1,409
Mandolin at Stream ValleyFirefly1BR,1BA$1,423
Wyndchase Aspen GroveAspen Renovated1BR,1BA$1,437
The Madison FranklinThe Oxford1BR,1BA$1,438
Carrington HillsDominion1BR,1BA$1,439
Vintage Tollgate ApartmentsA31BR,1BA$1,441
Ashton BrookA1 Deluxe1BR,1BA$1,467
The Whitney FranklinFieldstone1BR,1BA$1,495

Best Value Apartments for Rent in Franklin, TN

As of October 18, 2025 the best value apartment in the Franklin area is the $1.85 price per square foot Derby Model at Simmons Ridge in the in the Garden Club Estates neighborhood starting from $3,725. The second greatest value Franklin apartment is the Colonial B Model at 780 Townhomes starting at $3,400 with a $1.78 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.
Simmons RidgeDerby3BR,2.5BA$1.85
780 TownhomesColonial B3BR,3.5BA$1.78
Oakbrook Townhomes3A - Elllington Townhome with Attached Garage3BR,3.5BA$1.87
IMT Franklin GatewayC13BR,2BA$1.60
Sussex DownsHuntington2BR,2BA$1.50
Heritage PlaceB1 - Classic2BR,1.5BA$1.46
Magnolia Place Apartments2 BD | 1.5 BA 917 sf2BR,1.5BA$1.72
Ashton BrookA2 Diplomat1BR,1BA$1.70
South Wind Apartment HomesSodina1BR,1BA$1.94
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1.90

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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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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Franklin, TN
Population: 80,914

Ranked #429

in US Census Population by City

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Pet Friendly Lifestyle
Franklin, TN

Ranked #20

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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Franklin, TN Rental Homes Map

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 $1,495.

What is the price of a cheap apartment in Franklin?

The cheapest apartment in Franklin is The Landings of Brentwood Apartments which is listed at $1,399, while the average apartment in Franklin costs $3,825.

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 15 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 $159 which is $3,666 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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.