Cheap Homes for Rent in Franklin, TN from $1,200 (12 Rentals)

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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.

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.

Franklin, TN Local Guide

Cheapest Neighborhoods for Apartments in Franklin, TN

Pricing Updated: 12/25/2025

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$3,869$1,295202

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, TN is a 1 Bed unit found at Vintage Tollgate Apartments in the Bridgemore Village neighborhood priced from $1,296. Carrington Hills in the Garden Club Estates neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,358. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vintage Tollgate ApartmentsA31BR,1BA$1,296
Carrington HillsWilliamson2BR,2BA$1,358
The Madison FranklinThe Oxford1BR,1BA$1,371
Viera Cool SpringsCameron1BR,1BA$1,390
Wyndchase Aspen GroveAspen Renovated1BR,1BA$1,422

Best Value Apartments for Rent in Franklin, TN

As of December 26, 2025 the best value apartment in the Franklin area is the $1.76 price per square foot 4A - Winstead Townhome with Attached Garage Model at Oakbrook Townhomes in the in the Garden Club Estates neighborhood starting from $3,819. The second greatest value Franklin apartment is the Colonial A Model at 780 Townhomes starting at $3,400 with a $1.81 price per square foot in the Garden Club Estates 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.
Oakbrook Townhomes4A - Winstead Townhome with Attached Garage4BR,3.5BA$1.76
780 TownhomesColonial A3BR,3.5BA$1.81
Simmons RidgeWakefield3BR,3BA$1.95
The Whitney FranklinHarlinsdale2BR,2BA$1.55
Sussex DownsHuntington2BR,2BA$1.47
Heritage PlaceB2 - Renovated2BR,1.5BA$1.84
Ashton BrookA1 Deluxe1BR,1BA$1.82
IMT Cool SpringsA1EUPGRADE1BR,1BA$1.90
South Wind Apartment HomesSodina1BR,1BA$1.76
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1.94

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Franklin, TN
Population: 80,914

Ranked #429

in US Census Population by City

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Pet Friendly Lifestyle
Franklin, TN

Ranked #22

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 70 Apartments for Rent in Franklin, TN with pricing that ranges from $1,232 to $27,000. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $1,200 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 $1,200 to $12,000 with an average monthly rent of $4,596.

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 $1,450 to $3,850. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $3,819.

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

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.