Cheap Apartments for Rent in the Downtown Franklin Neighborhood of Franklin, TN from $900 (24 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
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.

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-24, Page 1 of 1

Downtown Franklin, Franklin, TN Local Guide

Cheapest Available Downtown Franklin Apartments for Rent

 

The cheapest available apartment rental in the Downtown Franklin area of Franklin, TN is a 2 Beds unit found at Franklin Manor Apartments priced from $1,345. The Whitney Franklin has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,390. Here are the most affordable Downtown Franklin apartments for rent in Franklin, TN:

Apartment ListingModel NameBed/BathPriced From
Franklin Manor Apartments2 bd/12BR,1BA$1,345
The Whitney FranklinHarlinsdale2BR,2BA$1,390
The Madison FranklinThe Oxford1BR,1BA$1,405
GreenhavenA11BR,1BA$1,468
Harpeth River OaksThe Maple1BR,1BA$1,498

Best Value Apartments for Rent in Downtown Franklin, TN

As of June 08, 2025 the best value apartment in the Downtown 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 Downtown Franklin apartment is the Magnolia Model at Avondale Cottages starting at $2,995 with a $1.88 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.
780 TownhomesColonial B3BR,3.5BA$1.78
Avondale CottagesMagnolia2BR,2.5BA$1.88
Wyndchase Aspen GroveBrentwood Renovated2BR,2BA$1.70
Sussex DownsWoodbridge2BR,2BA$1.44
The Whitney FranklinHarlinsdale2BR,2BA$1.27
Heritage PlaceB1 - Classic2BR,1.5BA$1.63
Dwell at McEwenA4-A71BR,1BA$1.98
Franklin Manor Apartments2 bd/12BR,1BA$1.58
South Wind Apartment HomesSodina1BR,1BA$1.90
GreenhavenA11BR,1BA$1.96

Quick Rent Budget Calculator

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Franklin, Franklin, TN

Ranked #2

Among neighborhoods in Franklin, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the Downtown Franklin Neighborhood in Franklin, TN

Walk Score®

65 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

26 / 100

Some Transit

A few nearby public transportation options

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 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 $1,350 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 $1,345 at Franklin Manor 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 $2,385.

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.