Cheap Apartments for Rent in Franklin, WI from $600 (26 Rentals)

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

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Park Water Apartments
1 to 3 Bedroom Apartments

Park Water Apartments

6594 S 35th StFranklin, WI 53132
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Franklin Meadows Senior
1 Bedroom Apartments

Franklin Meadows Senior

7704 S 51st StFranklin, WI 53132
Senior Living
  • 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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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.

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6213 S 13th St
1 to 2 Bedroom Apartments

6213 S 13th St

6213 S 13th StMilwaukee, WI 53221
  • Utilities Included

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.

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9715 W Forest Home Ave
1 Bedroom Apartments

9715 W Forest Home Ave

9715 W Forest Home AveHales Corners, WI 53130
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College Manor Apartments
1 to 3 Bedroom Apartments

College Manor Apartments

2100-2200 W College AveMilwaukee, WI 53221
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Greenway Apartments
1 to 3 Bedroom Apartments

Greenway Apartments

6507 GreenwayGreendale, WI 53129
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Dale Creek Apartments
2 Bedroom Apartments

Dale Creek Apartments

6143 Churchwood CirGreendale, WI 53129
  • Utilities Included

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.

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6129 S. 13th
1 to 3 Bedroom Apartments

6129 S. 13th

6129 S 13th StMilwaukee, WI 53221
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Highland Park Properties
2 Bedroom Apartments

Highland Park Properties

10700 W Grange AveHales Corners, WI 53130
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Showing Results 1-26, Page 1 of 1

Franklin, WI Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, WI is a 1 Bed unit found at Pinehaven Apartments in the Far South Side neighborhood priced from $999. Lexington Village Senior Apartments in the Alcott Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,025. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pinehaven Apartments1 Bed 1 Bath1BR,1BA$999
Lexington Village Senior Apartments1BD/1BA-60% Median County Income1BR,1BA$1,025
Sunburst Apartments1 Bedroom/1 Bathroom1BR,1BA$1,150
6129 S. 13th2BR/1.0BA2BR,1BA$1,150
Highland Park Properties2 BD 1 BA2BR,1BA$1,150
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1,180
Southfield ApartmentsPhase 1 - 1 Bed, 1 Bath Cardinal1BR,1BA$1,184
6850 W Kathleen Ct2 bd 1 ba2BR,1BA$1,200
Mission Hills1bx1b1BR,1BA$1,225
6868-6870 Kathleen Court - 12 Family2BR/1.0BA2BR,1BA$1,245

Best Value Apartments for Rent in Franklin, WI and Nearby

As of January 23, 2026 the best value apartment in the Franklin area is the $1.39 price per square foot 3 Bed, 2 Bath Upper Coach Model at Falcon Glen in the in the Alcott Park neighborhood starting from $2,217. The second greatest value Franklin apartment is the 2 Bed 2 Bath Lower Lake View Model at Parkwood Lake Apartments starting at $1,725 with a $1.33 price per square foot in the South Milwaukee 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.
Falcon Glen3 Bed, 2 Bath Upper Coach3BR,2BA$1.39
Parkwood Lake Apartments2 Bed 2 Bath Lower Lake View2BR,2BA$1.33
Root River Apartments3BR 1.5 BA3BR,1.5BA$1.37
Heritage Village ApartmentsL2BR,2BA$1.14
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1.12
Highland Park Properties2 BD 1 BA2BR,1BA$1.16
6868-6870 Kathleen Court - 12 Family2BR/1.0BA2BR,1BA$1.31
Parkside ApartmentsPhase 1 - 2 Bed, 1 Bath Garden Upper (D1)2BR,1BA$1.41
6850 W Kathleen Ct2 bd 1 ba2BR,1BA$1.41
Lexington Village Senior Apartments1BD/1BA-60% Median County Income1BR,1BA$1.34

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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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.

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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.

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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.

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Best Local Schools in
Franklin, WI

School data provided by Great Schools

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

Explore Franklin, WI 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 Seasons at Franklin listed at $1,395.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $999 at Pinehaven 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 $1,150 at 6129 S. 13th.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Brandywood Apartments and starts from $1,635.

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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Finding The Best Affordable Milwaukee Neighborhoods to Rent

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then just blocks outside the border, many Milwaukee neighborhoods have been home to friends and family for many years.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.