Cheap Apartments for Rent in Franklin, VA from $500 (15 Rentals)

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property at 410 Madison St

410 Madison St

FranklinVA23851
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Peanut Crossing
Studio to 3 Bedroom Apartments

Peanut Crossing

273 S Saratoga StSuffolk, VA 23434
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Franklin, VA Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, VA is a 1 Bed unit found at Pretlow Homes priced from $526. Miars Farm in the Western Branch neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pretlow Homes1 Bed, 1 bath1BR,1BA$526
Miars Farm1 Bedroom1BR,1BA$1,200
Meadowridge ApartmentsGarden- 1 Bedroom, 1 Bath- Upstairs1BR,1BA$1,275
The Elliott ApartmentsThe MaceStudio,1BA$1,275
Arbour Reach ApartmentsTwo Bedroom2BR,2BA$1,287

Best Value Apartments for Rent in Franklin, VA and Nearby

As of October 31, 2025 the best value apartment in the Franklin area is the $1.54 price per square foot Anchor - Patio Model at The Westerly at Benn’s Grant in the starting from $2,434. The second greatest value Franklin apartment is the Coastline Model at Hillpoint Preserve Townhome Apartments starting at $2,250 with a $1.66 price per square foot . 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.
The Westerly at Benn’s GrantAnchor - Patio3BR,2.5BA$1.54
Hillpoint Preserve Townhome ApartmentsCoastline2BR,2.5BA$1.66
Bridge 17 Apartment HomesThe Nansemond2BR,2BA$1.68
Arbour Reach ApartmentsTwo Bedroom2BR,2BA$1.25
Saratoga Place2 Bedroom2BR,2BA$1.37
Hillpoint Woods Apartments2BR/2BA2BR,2BA$1.73
Meridian HarbourviewMove In… If You Dare! *$600 off -- Call for lea...1BR,1BA$1.78
Morris Creek Landing ApartmentsTwo Bed Two Bath with W/D2BR,2BA$1.59
Miars Farm1 Bedroom1BR,1BA$1.35
Meadowridge ApartmentsGarden- 1 Bedroom, 1 Bath- Upstairs1BR,1BA$1.67

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Getting Around Franklin, VA

Walk Score®

35 / 100

Car-Dependent

Most errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Franklin Apartments

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $526 at Pretlow Homes.

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 $597 at Pretlow Homes.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Saratoga Place and starts from $1,490.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.