405 Granbury St
FranklinTN37064
Cheap Homes for Rent in the Downtown Franklin Neighborhood of Franklin, TN from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Franklin area of Franklin.
1705 Granville Rd
FranklinTN37064
Nashville's Best Affordable Neighborhoods
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4000 Shadow Green Dr, Unit 4102
4000 Shadow Green Dr
FranklinTN37064
1101 Downs Blvd
FranklinTN37064
Rent According to Income: A Look at Income-Restricted Rentals
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1303 Mallard Dr
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 | $2,566 | $1,695 | $4,000 |
| Downtown Franklin 3 Bedroom Homes for Rent | $3,352 | $2,310 | $4,500 |
| Downtown Franklin 4 Bedroom Homes for Rent | $3,998 | $2,950 | $5,795 |
| Downtown Franklin 5 Bedroom Homes for Rent | $3,235 | $3,235 | $3,235 |
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 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 1 Bed unit found at The Madison Franklin priced from $1,396. South Wind Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,454. Here are the most affordable Downtown Franklin apartments for rent in Franklin, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Madison Franklin | The Oxford | 1BR,1BA | $1,396 |
| South Wind Apartment Homes | Sodina | 1BR,1BA | $1,454 |
| Royal Oaks Apartments | 2 BR/1.5 BA | 2BR,1BA | $1,495 |
Best Value Apartments for Rent in Downtown Franklin, TN
As of July 26, 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 3A - Elllington Townhome with Attached Garage Model at Oakbrook Townhomes starting at $3,680 with a $2.04 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. |
|---|---|---|---|
| The Row at Franklin | Abington A | 3BR,3BA | $1.82 |
| Oakbrook Townhomes | 3A - Elllington Townhome with Attached Garage | 3BR,3.5BA | $2.04 |
| Sussex Downs | Woodbridge | 2BR,2BA | $1.51 |
| The Whitney Franklin | Harlinsdale | 2BR,2BA | $1.55 |
| Royal Oaks Apartments | 2 BR/1.5 BA | 2BR,1.5BA | $1.52 |
| Everleigh Cool Springs 55+ Active Adult Apartment Homes | B1b | 2BR,2BA | $2.09 |
| South Wind Apartment Homes | Sodina | 1BR,1BA | $1.79 |
| Greenhaven | A1 | 1BR,1BA | $2.01 |
| Harpeth River Oaks | The Sycamore | 1BR,1BA | $2.10 |
| The Madison Franklin | The Oxford | 1BR,1BA | $2.06 |
Frequently Asked Questions about Downtown Franklin
What type of rentals are currently available in Downtown Franklin?
There are currently 37 Apartments for Rent in Downtown Franklin, TN with pricing that ranges from $1,300 to $9,900. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Franklin ranging from $1,200 to $5,795.
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 $1,200 to $5,795 with an average monthly rent of $2,929.
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 $1,850 to $9,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,310 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $4,017.
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.