Cheap Apartments for Rent in Franklin, TX from $500 (44 Rentals)

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

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.

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Lory of College Station
Rent Specials
$913 - $1,098
Total Monthly Price

Total Monthly Price

Base Rent
$913 - $1,098
Total Monthly Price
$913 - $1,098
1 to 3 Bedroom Apartments Available Now

Lory of College Station

309 Redmond DrCollege Station, TX 77840
Corporate Housing
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  • 3D Tour

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Fifteen12
$1,146 - $1,642
Total Monthly Price

Total Monthly Price

Base Rent
$1,146 - $1,642
Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Now

Fifteen12

1512 Hollowhill DrBryan, TX 77802
Active Lifestyle
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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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21 Gramercy Park
Rent Specials
$1,230 - $2,405
Total Monthly Price

Total Monthly Price

Base Rent
$1,230 - $2,405
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

21 Gramercy Park

21 Gramercy Park DrBryan, TX 77802
Student Housing
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Oakwood Crossing
$1,287 - $3,154
Total Monthly Price

Total Monthly Price

Base Rent
$1,287 - $3,154
Total Monthly Price
$1,287 - $3,154
1 to 3 Bedroom Apartments Available Aug 22

Oakwood Crossing

3210 Harvey RdCollege Station, TX 77845
Corporate Housing
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Saddlewood Club
1 to 3 Bedroom Apartments

Saddlewood Club

3625 Wellborn RdBryan, TX 77801

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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Richmond Ridge Townhomes
1 to 3 Bedroom Apartments

Richmond Ridge Townhomes

3613 S Hampton CtBryan, TX 77801
Student Housing
  • Utilities Included

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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Lofts at 305
Studio to 1 Bedroom Apartments

Lofts at 305

305 N Parker AveBryan, TX 77803
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Flora 4050
Studio to 3 Bedroom Apartments

Flora 4050

4050 Eastchester DrBryan, TX 77802
Corporate Housing
Showing Results 1-44, Page 1 of 1

Franklin, TX Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, TX is a Studio unit found at Villa West Apartments in the Bryan neighborhood priced from $579. The Grand 1501 in the College Station neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa West ApartmentsEfficiencyStudio,1BA$579
The Grand 1501Studio 1 BathStudio,1BA$699
12 North2BR/2BA - Deluxe2BR,2BA$709
The Ivy1 Bed 1 Bath 6701BR,1BA$785
Retreat at 2818Move in Today!1BR,1BA$799
Eastgate Apartments1x12BR,1BA$825
Highland Villas1 BR 1 B1BR,1BA$836
Riverstone1 Bed 1 Bath A51BR,1BA$891
Lory of College StationE12BR,1BA$978
Serenity at Briarcrest (55+)1x11BR,1BA$989

Best Value Apartments for Rent in Franklin, TX and Nearby

As of August 18, 2026 the best value apartment in the Franklin area is the $1.24 price per square foot Three Bedroom Model at Sandy Creek Apartments in the in the Bryan neighborhood starting from $1,370. The second greatest value Franklin apartment is the C1 Model at Fifteen12 starting at $1,412 with a $1.29 price per square foot in the Bryan 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.
Sandy Creek ApartmentsThree Bedroom3BR,2BA$1.24
Fifteen12C13BR,2BA$1.29
Sonoma Apartments2/22BR,2BA$1.22
Serenity at Briarcrest (55+)2x12BR,1BA$1.10
Regency Gardens2 Bed 1.5 Bath2BR,1.5BA$1.38
Lory of College StationFW2BR,1.5BA$1.24
Riverstone2 Bed 1 Bath B12BR,1BA$1.36
The HalstonB12BR,1.5BA$1.36
Highland Villas1 BR 1 B1BR,1BA$1.19
Retreat at 2818Move in Today!1BR,1BA$1.23

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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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, TX

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

Explore Franklin, TX Rentals by Map

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Frequently Asked Questions about Cheap Franklin Apartments

What is the Cheapest Studio apartment in Franklin?

Currently the most affordable Cheap Studio Apartment in Franklin is at Villa West Apartments listed at $579.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $719 at Villa West Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Franklin is starting from $709 at 12 North.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at The Grand 1501 and starts from $1,350.

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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.