Cheap Apartments for Rent in the Downtown Franklin Neighborhood of Franklin, TN from $900 (26 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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Royal Oaks Apartments
2 Bedroom Apartments

Royal Oaks Apartments

179 N Royal Oaks BlvdFranklin, TN 37067
  • Utilities Included

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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 The Madison Franklin priced from $1,346. Franklin Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. Here are the most affordable Downtown Franklin apartments for rent in Franklin, TN:

Apartment ListingModel NameBed/BathPriced From
The Madison FranklinThe Oxford1BR,1BA$1,346
Franklin Manor Apartments1 bd/11BR,1BA$1,350
Wyndchase Aspen GroveAspen Renovated1BR,1BA$1,363
GreenhavenA11BR,1BA$1,402
South Wind Apartment HomesSodina1BR,1BA$1,469
Artessa ApartmentsA2.11BR,1BA$1,507
Harpeth River OaksThe Sycamore1BR,1BA$1,532
Grove at Shadow Green ApartmentsA1 Cottonwood1BR,1BA$1,562
Sussex DownsHuntington2BR,2BA$1,570
Heritage PlaceB2 - Renovated2BR,1BA$1,599

Best Value Apartments for Rent in Downtown Franklin, TN

As of January 24, 2026 the best value apartment in the Downtown Franklin area is the $1.78 price per square foot 4A - Winstead Townhome with Attached Garage Model at Oakbrook Townhomes in the in the Garden Club Estates neighborhood starting from $3,845. The second greatest value Downtown Franklin apartment is the Colonial A Model at 780 Townhomes starting at $3,350 with a $1.78 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$1.78
780 TownhomesColonial A3BR,3.5BA$1.78
3201 Aspen Grove Drive, Unit A73201 Aspen Grove Drive2BR,2BA$1.31
The Whitney FranklinHarlinsdale2BR,2BA$1.55
Sussex DownsHuntington2BR,2BA$1.49
Franklin Manor Apartments1 bd/11BR,1BA$1.42
Heritage PlaceB2 - Renovated2BR,1.5BA$1.74
Magnolia Place Apartments2 BD | 1.5 BA 917 sf2BR,1.5BA$1.77
South Wind Apartment HomesSodina1BR,1BA$1.80
Wyndchase Aspen GroveAspen Renovated1BR,1BA$1.90

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 $1,346 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 $1,570 at Sussex Downs.

What is the most affordable Downtown Franklin Three Bedroom Apartment?

The best deal on a cheap Downtown Franklin Three Bedroom Apartment rental is at Harpeth River Oaks and starts from $2,014.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.