613 Hillsboro Rd
FranklinTN37064
Cheap Homes for Rent in Downtown Franklin Neighborhood of Franklin, TN from $1,100 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Franklin area of Franklin.
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$1,2452 Bedroom Apartments Available Now
613 Hillsboro Rd, Unit APT B27
613 Hillsboro RdFranklin, TN 37064
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.
514 N Petway St, Unit 308
514 N Petway St
FranklinTN37064
502 Harpeth Dr
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.
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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 | $2,516 | $1,550 | $3,200 |
| Downtown Franklin 3 Bedroom Homes for Rent | $3,307 | $2,200 | $5,295 |
| Downtown Franklin 4 Bedroom Homes for Rent | $4,625 | $3,400 | $7,500 |
| Downtown Franklin 5 Bedroom Homes for Rent | $4,900 | $4,000 | $6,500 |
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 April 25, 2026 the best value apartment in the Downtown Franklin area is the $1.82 price per square foot Abington A Model at 780 Townhomes in the in the Garden Club Estates neighborhood starting from $3,403. The second greatest value Downtown Franklin apartment is the Harlinsdale Model at The Whitney Franklin starting at $1,695 with a $1.55 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. |
|---|---|---|---|
| 780 Townhomes | Abington A | 3BR,3BA | $1.82 |
| The Whitney Franklin | Harlinsdale | 2BR,2BA | $1.55 |
| Royal Oaks Apartments | 2 BR/1.5 BA | 2BR,1.5BA | $1.54 |
| Sussex Downs | Huntington | 2BR,2BA | $1.61 |
| Franklin Manor Apartments | 1 bd/1 | 1BR,1BA | $1.42 |
| Heritage Place | B2 - Renovated | 2BR,1.5BA | $1.67 |
| Magnolia Place Apartments | 2 BD | 1.5 BA 917 sf | 2BR,1.5BA | $1.74 |
| Wyndchase Aspen Grove | Ashlawn Renovated | 1BR,1BA | $1.98 |
| South Wind Apartment Homes | Sodina | 1BR,1BA | $1.84 |
| Grove at Shadow Green Apartments | A2 Dogwood | 1BR,1BA | $2.04 |
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 $1,245 to $9,900. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Franklin ranging from $1,100 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 $1,100 to $7,500 with an average monthly rent of $3,369.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.