Cheap Apartments for Rent in Franklin, VA from $500 (47 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Pretlow Homes
1 to 2 Bedroom Apartments

Pretlow Homes

925 Pretlow StFranklin, VA 23851
property at 2300 South St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

3 Bedroom, 1 Bath Home for Rent

Available Now

2300 South St

FranklinVA23851
property at 1700 South St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

3 Bedroom, 2 Bath Home for Rent

Available Now

1700 South St

FranklinVA23851
property at 116 Holland Cir

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

3 Bedroom, 1 Bath Home for Rent

Available Now

116 Holland Cir

FranklinVA23851

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.

Read Article

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.

Read Article
close
View Me
Taylor Pointe Apartments
$1,296 - $1,999
Total Monthly Price10 Month Lease Term

Total Monthly Price

Base Rent
$1,296 - $1,999
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Taylor Pointe Apartments

3245 Meadows WayChesapeake, VA 23321
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Port 58 Apartments @ Hillpoint
Rent Specials
$1,461 - $2,556
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,445 - $2,540
Required Monthly Fees
$16
Total Monthly Price
$1,461 - $2,556
1 to 3 Bedroom Apartments Available Now

Port 58 Apartments @ Hillpoint

1000 Skipjack LnSuffolk, VA 23434
Pet Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
close
View Me
Meridian Harbourview
$1,620 - $2,474
Total Monthly Price

Total Monthly Price

Base Rent
$1,592 - $2,446
Required Monthly Fees
$28
Total Monthly Price
$1,620 - $2,474
1 to 3 Bedroom Apartments Available Now

Meridian Harbourview

7190 Harbour Towne PkySuffolk, VA 23435
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
The Gallery at Godwin
$1,647 - $3,022
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,535 - $2,910
Required Monthly Fees
$112
Total Monthly Price
$1,647 - $3,022
Studio to 3 Bedroom Apartments Available Now

The Gallery at Godwin

3061 Godwin BlvdSuffolk, VA 23434
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
PARK 216
$1,788 - $2,938
Total Monthly Price

Total Monthly Price

Base Rent
$1,749 - $2,899
Required Monthly Fees
$39
Total Monthly Price
$1,788 - $2,938
1 to 2 Bedroom Apartments Available Now

PARK 216

1001 Beringer RdSuffolk, VA 23435
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
close
View Me
The Westerly at Benn’s Grant
Rent Specials
$1,792 - $2,427
Total Monthly Price

Total Monthly Price

Base Rent
$1,677 - $2,312
Required Monthly Fees
$115
Total Monthly Price
$1,792 - $2,427
1 to 3 Bedroom Apartments Available Now

The Westerly at Benn’s Grant

100 Top Deck WaySmithfield, VA 23430
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Chuckatuck Square
1 to 2 Bedroom Apartments

Chuckatuck Square

5757 Godwin BlvdSuffolk, VA 23432
  • Utilities Included
close
View Me
Peanut Crossing
Studio to 3 Bedroom Apartments

Peanut Crossing

273 S Saratoga StSuffolk, VA 23434
property at 568 1st Ave

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1 Bath Townhome for Rent

Available Now

568 1st Ave

SuffolkVA23434
property at 120 S 10th St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

120 S 10th St

SuffolkVA23434
close
View Me
Saratoga Place
Studio to 3 Bedroom Apartments

Saratoga Place

341 S Saratoga StSuffolk, VA 23434
  • Utilities Included
property at 13184 Longevity Rd

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295

3 Bedroom, 1 Bath Home for Rent

Available Now

13184 Longevity Rd

Stony CreekVA23882
property at 513 Truitt Rd

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

3 Bedroom, 1 Bath Condo for Rent

Available Now

513 Truitt Rd

ChesapeakeVA23321

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
property at 307 Central Ave

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

3 Bedroom, 1 Bath Home for Rent

Available Now

307 Central Ave

SuffolkVA23434
Showing Results 1-47, Page 1 of 1

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 Autumn Ridge Apartments priced from $995. Autumn Ridge Apartments II has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,182. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Autumn Ridge Apartments1 Bedroom1BR,1BA$995
Autumn Ridge Apartments II3 Bedroom3BR,1BA$1,182
The Elliott ApartmentsThe MaceStudio,1BA$1,275
Meadowridge ApartmentsGarden- 1 Bedroom, 1 Bath- Upstairs1BR,1BA$1,285
Taylor Pointe ApartmentsThe Lakeside2BR,1BA$1,296
Maplewood2 Bedroom2BR,1BA$1,348
Hillpoint Woods Apartments1BR/1BA1BR,1BA$1,450
The Commons at CenterbrookeLuxury Without the Guesswork — One Price, Just ...2BR,2BA$1,539
Stonebridge Apartments1BREN1BR,1BA$1,550
Bridge 17 Apartment HomesThe York1BR,1BA$1,645

Best Value Apartments for Rent in Franklin, VA and Nearby

As of April 30, 2026 the best value apartment in the Franklin area is the $1.66 price per square foot Weldon Model at Hillpoint Preserve Townhome Apartments in the starting from $2,663. The second greatest value Franklin apartment is the Harbor Model at Meridian Obici starting at $2,189 with a $1.74 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.
Hillpoint Preserve Townhome ApartmentsWeldon3BR,2.5BA$1.66
Meridian ObiciHarbor2BR,2BA$1.74
The Westerly at Benn’s GrantCommodore - Balcony*1BR,1BA$1.67
Autumn Ridge Apartments II3 Bedroom3BR,1.5BA$1.17
Bridge 17 Apartment HomesThe York1BR,1BA$1.83
Maplewood2 Bedroom2BR,1BA$1.50
The Commons at CenterbrookeAll the Comfort. None of the Hidden Costs — Jus...2BR,2BA$1.73
Taylor Pointe ApartmentsThe Lakeside2BR,1.5BA$1.47
Meadowridge ApartmentsGarden- 1 Bedroom, 1 Bath- Upstairs1BR,1BA$1.68
Autumn Ridge Apartments1 Bedroom1BR,1BA$1.79

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Best Local Schools in
Franklin, VA

School data provided by Great Schools

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

Explore Franklin, VA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Franklin, VA

View Map
Franklin, VA Apartments Map
View Map
Franklin, VA Rental Homes Map

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 The Elliott Apartments listed at $1,275.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $995 at Autumn Ridge 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 $1,296 at Taylor Pointe Apartments.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Autumn Ridge Apartments II and starts from $1,182.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.