Cheap Apartments for Rent in the Downtown Franklin Neighborhood of Franklin, TN from $900 (22 Rentals)

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

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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.

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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
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  • 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

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Dwell at McEwen
Rent Specials
$1,796 - $4,251
Total Monthly Price

Total Monthly Price

Base Rent
$1,796 - $4,251
Total Monthly Price
$1,796 - $4,251
1 to 3 Bedroom Apartments Available Now

Dwell at McEwen

100 Reliance DrFranklin, TN 37067
Luxury
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Sussex Downs
2 Bedroom Apartments

Sussex Downs

1125 Magnolia DrFranklin, TN 37064
Corporate Housing

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Showing Results 1-22, 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 Franklin Manor Apartments priced from $1,200. Greenhaven has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,360. Here are the most affordable Downtown Franklin apartments for rent in Franklin, TN:

Apartment ListingModel NameBed/BathPriced From
Franklin Manor Apartments1 bd/11BR,1BA$1,200
GreenhavenA11BR,1BA$1,360
The Madison FranklinThe Oxford1BR,1BA$1,372
South Wind Apartment HomesSodina1BR,1BA$1,450
Royal Oaks Apartments2 BR/1.5 BA2BR,1BA$1,495

Best Value Apartments for Rent in Downtown Franklin, TN

As of June 28, 2026 the best value apartment in the Downtown Franklin area is the $1.79 price per square foot 4A - Winstead Townhome with Attached Garage Model at Oakbrook Townhomes in the in the Garden Club Estates neighborhood starting from $3,874. The second greatest value Downtown Franklin apartment is the Abington A Model at The Row at Franklin starting at $3,453 with a $1.85 price per square foot in the Garden Club Estates 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.
Oakbrook Townhomes4A - Winstead Townhome with Attached Garage4BR,3.5BA$1.79
The Row at FranklinAbington A3BR,3BA$1.85
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
Wyndchase Aspen GroveAshlawn Renovated1BR,1BA$1.98
South Wind Apartment HomesSodina1BR,1BA$1.78
GreenhavenA11BR,1BA$1.81
The Madison FranklinThe Oxford1BR,1BA$2.02

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 $1,200 at Franklin Manor Apartments.

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 $1,495 at Royal Oaks Apartments.

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 $2,137.

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

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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.

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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.

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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.