Cheap Homes for Rent in Franklin, TN from $1,400 (15 Rentals)

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Peek Behind the Curtain at the Music City: Your Local Insiders Guide to Nashville

Nashville is more than a honky tonk town! Dive into the city's academic prestige, trendy culinary scene, professional sports, and stunning natural parks with this local guide. Explore Nashville's popular neighborhoods like The Gulch, Broadway, and 12 South. Learn local tips on transportation, where to find the best local vibe, and fun facts about the "Athens of the South."

property at 602 McPherson Cir
$1,795

Total Monthly Price

Base Rent$1,795

Total Monthly Price$1,795
3 Bedroom, 1.5 Bath Townhome for Rent
Available Now
Affordability

602 McPherson Cir

NashvilleTN37221
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

A Local's Look at Nashville's Best Neighborhoods to Rent Near the Area's Largest Employers

Discover Nashville's best neighborhoods for apartments, condos, and homes, matched to your workplace at the city’s largest employers.

Franklin, TN Local Guide

Cheapest Neighborhoods for Homes in Franklin, TN

Pricing Updated: 09/28/2026

Current rental homes in the Franklin, TN area range in price from $1,900 to $8,500 with an overall median price of $3,226. Here is today’s list neighborhoods with the lowest median pricing for Franklin Homes for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Franklin$3,226$1,9009

Cheapest Available Franklin Homes for Rent

 

The cheapest available rental home in Franklin, TN is a 2 Beds home found at 701 Vineland Ct in the Outer Southeast Nashville neighborhood priced from $1,895. 1016 Todd Preis Dr in the Bellevue neighborhood has the second lowest priced home, which is a 4 Beds rental home currently listed from $2,250. Here is today’s list of the most affordable Franklin homes for rent:

Home ListingModel NameBed/BathPriced From
701 Vineland Ct701 Vineland Ct2BR, 2BA$1,895
1016 Todd Preis Dr1016 Todd Preis Dr4BR, 2BA$2,250
2709 Aston Woods Ln2709 Aston Woods Ln3BR, 2BA$2,280
1506 Bunbury Dr1506 Bunbury Dr3BR, 2BA$2,610
3198 Sassafras Ln3198 Sassafras Ln3BR, 3BA$3,000

Best Value Homes for Rent in Franklin, TN

As of September 29, 2026 the best value rental home in the Franklin area is the $1.26 price per square foot 1801 Morgan Farms Way Model at 1801 Morgan Farms Way in the Inglehame Farms neighborhood starting from $10,000. The second greatest value Franklin rental home is the 5083 Terravista ln Model at 5083 Terravista ln in the Williamson County neighborhood starting at $5,995 with a $1.30 price per square foot. Here is today’s list of the best values for Franklin homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
1801 Morgan Farms Way1801 Morgan Farms Way6BR, 5.5BA$1.26
5083 Terravista ln5083 Terravista ln5BR, 5BA$1.30
1414 Chantilly Ln1414 Chantilly Ln5BR, 4BA$1.25
1506 Bunbury Dr1506 Bunbury Dr3BR, 2.5BA$1.00
2216 Ipswitch Dr2216 Ipswitch Dr4BR, 2.5BA$1.11
1216 Buckingham Cir1216 Buckingham Cir3BR, 2.5BA$1.28
2709 Aston Woods Ln2709 Aston Woods Ln3BR, 2.5BA$1.18
1016 Todd Preis Dr1016 Todd Preis Dr4BR, 2.5BA$1.31
701 Vineland Ct701 Vineland Ct2BR, 2.5BA$1.24
3882 Perkins Rd3882 Perkins Rd3BR, 2BA$1.17

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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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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 94 Apartments for Rent in Franklin, TN with pricing that ranges from $1,037 to $9,900. There are also 78 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $1,400 to $30,000.

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 $1,400 to $30,000 with an average monthly rent of $4,622.

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 $1,379 to $9,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $6,900. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $3,974.

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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Peek Behind the Curtain at the Music City: Your Local Insider's Guide to Nashville

Written by: Brandie Parton

Hi there, I’m Brandie, your ApartmentHomeLiving.com local expert for the Nashville, Tennessee area.

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A Local's Look at Nashville's Best Neighborhoods to Rent Near the Area's Largest Employers

Written by: Brandie Parton

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

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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 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.

Articles, How-To's, and Tips

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.