613 Hillsboro Rd
FranklinTN37064
Cheap Homes for Rent in the Downtown Franklin Neighborhood of Franklin, TN from $1,280 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Franklin area of Franklin.
601 Boyd Mill Ave
FranklinTN37064
Nashville's Best Affordable Neighborhoods
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1510 Center Pointe Dr
FranklinTN37067
305 Bel Aire Dr
FranklinTN37064
Rent According to Income: A Look at Income-Restricted Rentals
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106 Sherwood Terrace
FranklinTN37064
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Downtown Franklin, Franklin, TN Local Guide
How much does it cost to rent a home in Downtown Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Franklin 2 Bedroom Homes for Rent | $2,294 | $1,575 | $2,860 |
| Downtown Franklin 3 Bedroom Homes for Rent | $3,051 | $2,345 | $3,495 |
| Downtown Franklin 4 Bedroom Homes for Rent | $6,412 | $4,250 | $8,500 |
| Downtown Franklin 5 Bedroom Homes for Rent | $7,000 | $7,000 | $7,000 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Franklin Neighborhood of Franklin, TN.
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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 2 Beds unit found at Royal Oaks Apartments priced from $1,375. Wyndchase Aspen Grove has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,384. Here are the most affordable Downtown Franklin apartments for rent in Franklin, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Royal Oaks Apartments | 2 BR/1.5 BA | 2BR,1BA | $1,375 |
| Wyndchase Aspen Grove | Aspen | 1BR,1BA | $1,384 |
| The Madison Franklin | The Oxford | 1BR,1BA | $1,399 |
Best Value Apartments for Rent in Downtown Franklin, TN
As of September 09, 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 2 bd/1.5 Model at Franklin Manor Apartments starting at $1,670 with a $1.34 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Row at Franklin | Abington A | 3BR,3BA | $1.82 |
| Franklin Manor Apartments | 2 bd/1.5 | 2BR,1.5BA | $1.34 |
| The Whitney Franklin | Harlinsdale | 2BR,2BA | $1.55 |
| Sussex Downs | Huntington | 2BR,2BA | $1.61 |
| Royal Oaks Apartments | 2 BR/1.5 BA | 2BR,1.5BA | $1.43 |
| 222 London Ln, Unit downstairs apartment w/ garage | 222 London Ln | 1BR,1BA | $2.01 |
| South Wind Apartment Homes | Sodina | 1BR,1BA | $1.72 |
| Greenhaven | A1 | 1BR,1BA | $1.87 |
| Harpeth River Oaks | The Sycamore | 1BR,1BA | $2.00 |
| Wyndchase Aspen Grove | Aspen | 1BR,1BA | $1.95 |
Frequently Asked Questions about Downtown Franklin
What type of rentals are currently available in Downtown Franklin?
There are currently 35 Apartments for Rent in Downtown Franklin, TN with pricing that ranges from $1,375 to $9,900. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Franklin ranging from $1,280 to $8,500.
What is the current price range for Rental Homes in Downtown Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Franklin ranges from $1,280 to $8,500 with an average monthly rent of $3,554.
How much are larger Three and Four Bedroom Rentals in Downtown Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Franklin range from $1,875 to $9,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,345 to $3,495. Four Bedroom Single-Family rentals are also available starting from $4,250 and Four Bedroom Apartments start at $3,901.
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
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
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.