
Cheap Apartments for Rent in the Downtown Franklin Neighborhood of Franklin, TN from $900 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Franklin area of Franklin.


The Madison Franklin

Royal Oaks Apartments

Total Monthly Price
Heritage Place

Wyndchase Aspen Grove

Greenhaven

Grove at Shadow Green Apartments
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Harpeth River Oaks

Total Monthly Price
Artessa Apartments

South Wind Apartment Homes

Total Monthly Price
Magnolia Place Apartments

Sussex Downs

514 N Petway St

ELLISON COOL SPRINGS
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Vintage Franklin Apartments

The Whitney Franklin

Total Monthly Price
Dwell at McEwen

McEwen Northside

Liberty Oaks Apartments

613 Hillsboro Rd

The Everly at Historic Franklin
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Downtown Franklin, Franklin, TN Local Guide

How much does it cost to rent an apartment in Downtown Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Franklin Studio Apartments | $1,807 | $1,807 | $1,807 |
| Downtown Franklin 1 Bedroom Apartments | $1,900 | $1,350 | $2,888 |
| Downtown Franklin 2 Bedroom Apartments | $2,527 | $1,345 | $5,312 |
| Downtown Franklin 3 Bedroom Apartments | $4,243 | $1,750 | $9,900 |
| Downtown Franklin 4 Bedroom Apartments | $3,865 | $3,865 | $3,865 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Downtown Franklin Neighborhood of Franklin, TN.
See all Apartments in FranklinExplore Franklin
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 $1,350. The Madison Franklin has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,371. Here are the most affordable Downtown Franklin apartments for rent in Franklin, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Manor Apartments | 1 bd/1 | 1BR,1BA | $1,350 |
| The Madison Franklin | The Oxford | 1BR,1BA | $1,371 |
| Royal Oaks Apartments | 2 BR/1.5 BA | 2BR,1BA | $1,385 |
| Heritage Place | B2 - Classic | 2BR,1BA | $1,399 |
| Wyndchase Aspen Grove | Aspen Renovated | 1BR,1BA | $1,511 |
Best Value Apartments for Rent in Downtown Franklin, TN
As of March 24, 2026 the best value apartment in the Downtown Franklin area is the $1.84 price per square foot Colonial B Model at 780 Townhomes in the in the Garden Club Estates neighborhood starting from $3,503. The second greatest value Downtown Franklin apartment is the Wynnewood Model at South Wind Apartment Homes starting at $1,773 with a $1.54 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 780 Townhomes | Colonial B | 3BR,3.5BA | $1.84 |
| South Wind Apartment Homes | Wynnewood | 2BR,2BA | $1.54 |
| The Whitney Franklin | Harlinsdale | 2BR,2BA | $1.55 |
| Sussex Downs | Huntington | 2BR,2BA | $1.57 |
| Royal Oaks Apartments | 2 BR/1.5 BA | 2BR,1.5BA | $1.39 |
| Franklin Manor Apartments | 1 bd/1 | 1BR,1BA | $1.42 |
| Heritage Place | B2 - Renovated | 2BR,1.5BA | $1.63 |
| Harpeth River Oaks | The Maple | 1BR,1BA | $1.95 |
| Greenhaven | A1 | 1BR,1BA | $2.01 |
| The Madison Franklin | The Oxford | 1BR,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 $1,350 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 $1,385 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 Grove at Shadow Green Apartments and starts from $2,302.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

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.

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.