Cheap Homes for Rent in Franklin, TN from $1,100 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in Franklin.

property at 601 Boyd Mill Ave

$1,675

Total Monthly Price

Total Monthly Price

Base Rent
$1,675

Total Monthly Price
$1,675

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

601 Boyd Mill Ave, Unit D2, Unit D2

601 Boyd Mill Ave
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.

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.

property at 210 Maple Dr

$2,450

Total Monthly Price

Total Monthly Price

Base Rent
$2,450

Total Monthly Price
$2,450

3 Bedroom, 1 Bath Home for Rent

Available Now

210 Maple Dr

FranklinTN37064

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Franklin, TN Local Guide

Cheapest Neighborhoods for Apartments in Franklin, TN

Pricing Updated: 05/12/2026

Current apartment rentals in the Franklin, TN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Franklin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Franklin$4,750$1,10013

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, TN is a 1 Bed unit found at Franklin Flats in the Garden Club Estates neighborhood priced from $1,224. Carrington Hills in the Garden Club Estates neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,347. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Franklin FlatsA3-60%1BR,1BA$1,224
Carrington HillsHarpeth2BR,2BA$1,347
Franklin Manor Apartments1 bd/11BR,1BA$1,350
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1,360
The Madison FranklinThe Oxford1BR,1BA$1,371

Best Value Apartments for Rent in Franklin, TN

As of May 12, 2026 the best value apartment in the 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 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 Franklin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
780 TownhomesAbington A3BR,3BA$1.82
The Whitney FranklinHarlinsdale2BR,2BA$1.55
Sussex DownsHuntington2BR,2BA$1.61
Royal Oaks Apartments2 BR/1.5 BA2BR,1.5BA$1.54
Franklin Manor Apartments1 bd/11BR,1BA$1.26
Heritage PlaceB2 - Renovated2BR,1.5BA$1.67
Magnolia Place2 x 1.5 R2BR,1.5BA$1.74
Ashton BrookA1 Deluxe1BR,1BA$1.83
South Wind Apartment HomesSodina1BR,1BA$1.81
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1.86

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Franklin

What type of rentals are currently available in Franklin?

There are currently 71 Apartments for Rent in Franklin, TN with pricing that ranges from $1,195 to $9,900. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $1,100 to $12,000.

What is the current price range for Rental Homes in Franklin?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $1,100 to $12,000 with an average monthly rent of $3,541.

How much are larger Three and Four Bedroom Rentals in Franklin?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $1,750 to $9,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,450 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,750 and Four Bedroom Apartments start at $3,799.

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.

Helpful Local Expert Guides

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A Nashville Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Brandie Parton

I’m Brandie, your ApartmentHomeLiving.com local expert for Nashville, Tennessee.

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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Nashville

Written by: Brandie Parton

As part of the team here at Apartment Home Living, I am eager to tell you all about Nashville, and its amazing colleges and nearby neighborhoods that make perfect residences for students, seeking to increase their education and g.

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A Locals Look at Nashvilles Best Neighborhoods to Rent Near the Areas Largest Employers

Written by: Brandie Parton

Hi there, I am Brandie Parton, your local expert for Nashville, TN, with ApartmentHomeLiving.com.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

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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.

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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.