Cheap Apartments for Rent in Franklin Township, NJ from $575 (144 Rentals)

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

property at 14 Knollwood St
$1,100

Total Monthly Price

Base Rent$1,100
Total Monthly Price$1,100
3 Bedroom, 3 Bath Home for Rent
Available Nov 1
Furnished

14 Knollwood St

PiscatawayNJ08854

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property at 503-507 E Main St
$1,738 - $2,677
Studio To 2 Bedroom Rentals
Available Now

503-507 E Main St

Bound BrookNJ08805

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 210 S 19th Ave
$1,800

Total Monthly Price

Base Rent$1,800
Total Monthly Price$1,800
1 Bedroom, 1 Bath Townhome for Rent
Available Now

210 S 19th Ave, Unit B

210 S 19th Ave
ManvilleNJ08835
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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.

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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.

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Franklin Township, NJ Local Guide

Cheapest Available Franklin Township Apartments for Rent

 

The cheapest available apartment rental in Franklin Township, NJ is a 1 Bed unit found at The Landing at Skillman Place priced from $863. SoCam 290 in the Lawrence Brook neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,341. Here is today’s list of the most affordable Franklin Township apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Landing at Skillman Place1 BR (30% AMI)1BR, 1BA$863
SoCam 2901x1 Shared - Standard1BR, 1BA$1,341
Cedar Lane ApartmentsOne Bedroom1BR, 1BA$1,595
Cedar ArmsOne Bedroom1BR, 1BA$1,650
Bound Brook Apartments1 Bedroom1BR, 1BA$1,689
The Harrison Somerset Apartment HomesSTUDIO SMALLStudio, 1BA$1,700
North Village Apartments1 Bedroom1BR, 1BA$1,720
Citizen Bound BrookS1Studio, 1BA$1,738
Finchley Gardens1 Bedroom1BR, 1BA$1,749
Premier Properties of New BrunswickStudioStudio, 1BA$1,750

Best Value Apartments for Rent in Franklin Township, NJ

As of September 22, 2026 the best value apartment in the Franklin Township area is the $1.73 price per square foot 1 Model at 97 Main St in the Canal Crossing neighborhood starting from $3,450. The second greatest value Franklin Township apartment is the Hidden Lake - Black Walnut Model at Hidden Lake in the Farrington Lake neighborhood starting at $2,791 with a $1.55 price per square foot. Here is today’s list of the best values for Franklin Township apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
97 Main St12BR, 2BA$1.73
Hidden LakeHidden Lake - Black Walnut2BR, 2BA$1.55
Cedar Manor$1.88/sq.ft. - Upper Unit with Loft2BR, 2BA$1.88
Queens GateBedford2BR, 2BA$2.21
North Village Apartments2 Bedroom2BR, 2BA$1.83
Carriage Run Apartments & Townhomes1 BR APARTMENT1BR, 1BA$1.93
Henderson SquareWorkforce Housing2BR, 2BA$2.17
Hempstead Gardens$1.97/sq.ft. - One Bedroom1BR, 1BA$2.14
Royal Oaks and East Garden2 Bed C Royal Oaks2BR, 1BA$2.32
Colony OaksThe Parkside1BR, 1BA$2.22

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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Best Local Schools in
Franklin Township, NJ

School data provided by Great Schools

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

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Frequently Asked Questions about Cheap Franklin Township Apartments

What is the Cheapest Studio apartment in Franklin Township?

Currently the most affordable Cheap Studio Apartment in Franklin Township is at The Harrison Somerset Apartment Homes listed at $1,700.

How much is rent for a Cheap One Bedroom Franklin Township Apartment?

The lowest price for a Cheap One Bedroom Franklin Township Apartment is $863 at The Landing at Skillman Place.

What is the lowest price for a Cheap Two Bedroom Franklin Township Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Franklin Township is starting from $2,000 at Cedar Lane Apartments.

What is the most affordable Franklin Township Three Bedroom Apartment?

The best deal on a cheap Franklin Township Three Bedroom Apartment rental is at Somerset Park and starts from $2,750.

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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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.

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

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.