Search the lowest-cost Apartments available for rent right now in Franklin.
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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.
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.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments | $1,325 | $1,275 | $1,375 |
| Franklin 1 Bedroom Apartments | $1,740 | $829 | $2,294 |
| Franklin 2 Bedroom Apartments | $1,934 | $979 | $2,968 |
| Franklin 3 Bedroom Apartments | $2,035 | $1,065 | $3,110 |
The cheapest available apartment rental in Franklin, VA is a 2 Beds unit found at Autumn Ridge Apartments in the Suffolk City County neighborhood priced from $995. Forest Pine Apartments in the Franklin City County neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,090. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Autumn Ridge Apartments | 2 Bedroom | 2BR,1BA | $995 |
| Forest Pine Apartments | 2b | 2BR,1BA | $1,090 |
| Autumn Ridge Apartments II | 2 Bedroom | 2BR,1BA | $1,098 |
| The Elliott Apartments | The Mace | Studio,1BA | $1,275 |
| Maplewood | 2 Bedroom | 2BR,1BA | $1,365 |
| Taylor Pointe Apartments | The Garden | 1BR,1BA | $1,399 |
| Morris Creek Landing Apartments | Two Bed Two Bath with W/D | 2BR,2BA | $1,429 |
| Meadowridge Apartments | Garden- 2 Bedroom, 2 Bath- Upstairs- Deluxe- End | 2BR,2BA | $1,500 |
| The Commons at Centerbrooke | The Magnolia | 2BR,2BA | $1,536 |
| Taylor Bend Apartments | 2b2b | 2BR,2BA | $1,550 |
As of September 13, 2026 the best value apartment in the Franklin area is the $1.63 price per square foot Virginian Model at Hillpoint Preserve Townhome Apartments in the in the Suffolk City County neighborhood starting from $2,763. The second greatest value Franklin apartment is the Beacon - Patio Model at The Westerly at Benn’s Grant starting at $2,153 with a $1.63 price per square foot in the Isle Of Wight County 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. |
|---|---|---|---|
| Hillpoint Preserve Townhome Apartments | Virginian | 3BR,2.5BA | $1.63 |
| The Westerly at Benn’s Grant | Beacon - Patio | 2BR,2BA | $1.63 |
| Meadowridge Apartments | Garden- 2 Bedroom, 2 Bath- Upstairs- Deluxe- End | 2BR,2BA | $1.38 |
| Taylor Bend Apartments | 2b2b | 2BR,2BA | $1.47 |
| Morris Creek Landing Apartments | Two Bed Two Bath with W/D | 2BR,2BA | $1.59 |
| Maplewood | 2 Bedroom | 2BR,1BA | $1.52 |
| The Commons at Centerbrooke | The Magnolia | 2BR,2BA | $1.72 |
| Autumn Ridge Apartments II | 2 Bedroom | 2BR,1BA | $1.29 |
| Forest Pine Apartments | 2b | 2BR,1BA | $1.31 |
| Autumn Ridge Apartments | 2 Bedroom | 2BR,1BA | $1.36 |
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.
Read ArticleEntering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleFrom 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.
Read ArticleThe 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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Currently the most affordable Cheap Studio Apartment in Franklin is at The Elliott Apartments listed at $1,275.
The lowest price for a Cheap One Bedroom Franklin Apartment is $1,399 at Taylor Pointe Apartments.
Today's best deal for a Cheap Two Bedroom Apartment in Franklin is starting from $995 at Autumn Ridge Apartments.
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Forest Pine Apartments and starts from $1,165.
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.
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.
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.
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.
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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