613 Hillsboro Rd
FranklinTN37064
Cheap Homes for Rent in Downtown Franklin Neighborhood of Franklin, TN from $1,500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Franklin area of Franklin.
514 N Petway St
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.
1217 Carriage Park Dr
FranklinTN37064
1101 Downs Blvd
FranklinTN37064
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.
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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 | $2,450 | $1,550 | $3,750 |
| Downtown Franklin 3 Bedroom Homes for Rent | $2,798 | $2,250 | $3,395 |
| Downtown Franklin 4 Bedroom Homes for Rent | $4,120 | $2,700 | $7,500 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Franklin Neighborhood of Franklin, TN.
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Best Value Apartments for Rent in Downtown Franklin, TN
As of March 11, 2026 the best value apartment in the Downtown Franklin area is the $1.89 price per square foot Colonial A Model at 780 Townhomes in the in the Garden Club Estates neighborhood starting from $3,553. The second greatest value Downtown Franklin apartment is the Wynnewood Model at South Wind Apartment Homes starting at $1,725 with a $1.50 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 A | 3BR,3.5BA | $1.89 |
| South Wind Apartment Homes | Wynnewood | 2BR,2BA | $1.50 |
| 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 | $1.57 |
| Franklin Manor Apartments | 1 bd/1 | 1BR,1BA | $1.42 |
| Heritage Place | B2 - Renovated | 2BR,1.5BA | $1.63 |
| Greenhaven | A3 | 1BR,1BA | $1.86 |
| Artessa Apartments | A2.1 | 1BR,1BA | $2.04 |
| The Madison Franklin | The Oxford | 1BR,1BA | $1.99 |
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 $1,345 to $9,900. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Franklin ranging from $1,550 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 $1,550 to $7,500 with an average monthly rent of $3,122.
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 $2,250 to $3,395. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $3,865.
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.