Cheap Apartments for Rent in the Downtown Franklin Neighborhood of Franklin, TN from $900 (25 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 the Downtown Franklin area of Franklin.

Nashville's Best Affordable Neighborhoods

Learn about Nashville and the best places to live with original content written by our Local Expert Brandie Parton

Read Article
close
View Me
Heritage Place
$1,553 - $1,953
Total Monthly Price

Total Monthly Price

Base Rent
$1,553 - $1,953
Total Monthly Price
$1,553 - $1,953
2 Bedroom Apartments Available Now

Heritage Place

700 Westminster DrFranklin, TN 37067
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article

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
close
View Me
Sussex Downs
2 Bedroom Apartments

Sussex Downs

1125 Magnolia DrFranklin, TN 37064
Corporate Housing

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
Showing Results 1-25, Page 1 of 1

Cheapest Available Downtown Franklin Apartments for Rent

 

The cheapest available apartment rental in the Downtown Franklin area of Franklin, TN is a 1 Bed unit found at Harpeth River Oaks priced from $1,428. Greenhaven has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,438. Here are the most affordable Downtown Franklin apartments for rent in Franklin, TN:

Apartment ListingModel NameBed/BathPriced From
Harpeth River OaksThe Sycamore1BR,1BA$1,428
GreenhavenA11BR,1BA$1,438
The Madison FranklinThe Oxford1BR,1BA$1,450
Royal Oaks Apartments2 BR/1.5 BA2BR,1BA$1,495
South Wind Apartment HomesSodina1BR,1BA$1,499

Best Value Apartments for Rent in Downtown Franklin, TN

As of August 12, 2026 the best value apartment in the Downtown Franklin area is the $1.82 price per square foot Abington A Model at The Row at Franklin in the in the Garden Club Estates neighborhood starting from $3,403. The second greatest value Downtown Franklin apartment is the Woodbridge Model at Sussex Downs starting at $1,690 with a $1.50 price per square foot in the Downtown Franklin neighborhood. Here is today’s list of the best values for Downtown Franklin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Row at FranklinAbington A3BR,3BA$1.82
Sussex DownsWoodbridge2BR,2BA$1.50
The Whitney FranklinHarlinsdale2BR,2BA$1.55
Royal Oaks Apartments2 BR/1.5 BA2BR,1.5BA$1.52
222 London Ln, Unit downstairs apartment w/ garage222 London Ln1BR,1BA$2.02
Heritage PlaceB2 - Renovated2BR,1.5BA$2.12
South Wind Apartment HomesSodina1BR,1BA$1.84
GreenhavenA11BR,1BA$1.93
Harpeth River OaksThe Sycamore1BR,1BA$2.00
The Madison FranklinThe Oxford1BR,1BA$2.06

Frequently Asked Questions about Cheap Downtown Franklin Apartments

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

The lowest price for a Cheap One Bedroom Downtown Franklin Apartment is $1,396 at The Madison Franklin.

What is the lowest price for a Cheap Two Bedroom Downtown Franklin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Franklin is starting from $1,474 at The Madison Franklin.

What is the most affordable Downtown Franklin Three Bedroom Apartment?

The best deal on a cheap Downtown Franklin Three Bedroom Apartment rental is at Wyndchase Aspen Grove and starts from $2,319.

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.