601 Boyd Mill Ave, Unit D2
601 Boyd Mill Ave
FranklinTN37064
Cheap Homes for Rent in Downtown Franklin Neighborhood of Franklin, TN from $1,600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Franklin area of Franklin.
130 Carters Glen Pl
FranklinTN37064
1101 Downs Blvd, Unit 257
1101 Downs Blvd
FranklinTN37064
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.
1251 Carriage Park Dr
FranklinTN37064
1101 Downs Blvd
FranklinTN37064
106 Sherwood Terrace
FranklinTN37064
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
117 Pebble Creek
FranklinTN37064
Showing Results 1-7, Page 1 of 1
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 | $2,340 | $1,675 | $3,200 |
| Downtown Franklin 3 Bedroom Homes for Rent | $3,244 | $2,200 | $5,999 |
| Downtown Franklin 4 Bedroom Homes for Rent | $5,012 | $2,300 | $7,500 |
| Downtown Franklin 5 Bedroom Homes for Rent | $5,125 | $3,750 | $6,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 7 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 1 Bed unit found at Franklin Manor Apartments priced from $1,200. South Wind Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,450. 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 | $1,200 |
| South Wind Apartment Homes | Sodina | 1BR,1BA | $1,450 |
| Greenhaven | A1 | 1BR,1BA | $1,459 |
Best Value Apartments for Rent in Downtown Franklin, TN
As of June 10, 2026 the best value apartment in the Downtown Franklin area is the $1.85 price per square foot 4A - Winstead Townhome with Attached Garage Model at Oakbrook Townhomes in the in the Garden Club Estates neighborhood starting from $3,999. The second greatest value Downtown Franklin apartment is the Colonial B Model at 780 Townhomes starting at $3,403 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oakbrook Townhomes | 4A - Winstead Townhome with Attached Garage | 4BR,3.5BA | $1.85 |
| 780 Townhomes | Colonial B | 3BR,3.5BA | $1.78 |
| Sussex Downs | Woodbridge | 2BR,2BA | $1.54 |
| The Whitney Franklin | Harlinsdale | 2BR,2BA | $1.58 |
| Royal Oaks Apartments | 2 BR/1.5 BA | 2BR,1.5BA | $1.52 |
| The Madison Franklin | The Ashton | 2BR,1.5BA | $1.66 |
| Franklin Manor Apartments | 1 bd/1 | 1BR,1BA | $1.26 |
| Wyndchase Aspen Grove | Ashlawn Renovated | 1BR,1BA | $2.02 |
| South Wind Apartment Homes | Sodina | 1BR,1BA | $1.78 |
| Greenhaven | A1 | 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 $1,200 to $9,900. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Franklin ranging from $1,675 to $7,500.
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 $1,675 to $7,500 with an average monthly rent of $3,494.
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 $1,750 to $9,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $5,999. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $3,999.
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
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.
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.