613 Hillsboro Rd
FranklinTN37064
Cheap Homes for Rent in Franklin, TN from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
1011 Murfreesboro Rd
FranklinTN37067
4254 N Chapel Rd
FranklinTN37067
1326 Coleman Rd
FranklinTN37064
830 Brentwood Pointe
BrentwoodTN37027
1101 Downs Blvd
FranklinTN37064
303 Granville Rd
FranklinTN37064
1101 Downs Blvd, Unit 151
1101 Downs Blvd
FranklinTN37064
1203 Granville Rd
FranklinTN37064
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Franklin, TN Local Guide
How much does it cost to rent a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $2,209 | $1,495 | $2,900 |
| Franklin 3 Bedroom Homes for Rent | $3,096 | $1,795 | $5,000 |
| Franklin 4 Bedroom Homes for Rent | $5,130 | $2,950 | $9,500 |
| Franklin 5 Bedroom Homes for Rent | $4,100 | $3,500 | $4,400 |
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Franklin, TN Local Guide
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Cheapest Neighborhoods for Apartments in Franklin, TN
Pricing Updated: 07/23/2025Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Franklin | $4,024 | $1,345 | 153 |
Cheapest Available Franklin Apartments for Rent
The cheapest available apartment rental in Franklin, TN is a 2 Beds unit found at Heritage Place in the Garden Club Estates neighborhood priced from $1,349. Franklin Manor Apartments in the Downtown Franklin neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,350. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heritage Place | B1 - Classic | 2BR,1BA | $1,349 |
| Franklin Manor Apartments | 1 bd/1 | 1BR,1BA | $1,350 |
| Carrington Hills | Harpeth | 2BR,2BA | $1,408 |
Best Value Apartments for Rent in Franklin, TN
As of July 24, 2025 the best value apartment in the Franklin area is the $1.60 price per square foot C1 Sycamore Model at Grove at Shadow Green Apartments in the in the Downtown Franklin neighborhood starting from $2,167. The second greatest value Franklin apartment is the Wynnewood Model at South Wind Apartment Homes starting at $1,820 with a $1.58 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Grove at Shadow Green Apartments | C1 Sycamore | 3BR,2BA | $1.60 |
| South Wind Apartment Homes | Wynnewood | 2BR,2BA | $1.58 |
| Sussex Downs | Woodbridge | 2BR,2BA | $1.50 |
| The Landings of Brentwood Apartments | Brentvale | 2BR,2BA | $1.49 |
| The Madison Franklin | The Ashton | 2BR,1.5BA | $1.69 |
| Wyndchase Aspen Grove | Boxmere Renovated | 2BR,1BA | $1.75 |
| Carrington Hills | Harpeth | 2BR,2BA | $1.47 |
| Franklin Manor Apartments | 1 bd/1 | 1BR,1BA | $1.42 |
| Heritage Place | B1 - Classic | 2BR,1.5BA | $1.46 |
| Ashton Brook | A1 Deluxe | 1BR,1BA | $1.76 |
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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 $1,345 to $9,631. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $1,260 to $9,500.
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 $1,260 to $9,500 with an average monthly rent of $3,197.
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 $1,662 to $9,631, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,950 and Four Bedroom Apartments start at $3,999.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.