Cheap Apartments for Rent in Franklin, WI from $600 (30 Rentals)

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Park Water Apartments
1 to 3 Bedroom Apartments

Park Water Apartments

6594 S 35th StFranklin, WI 53132
  • 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

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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9715 W Forest Home Ave
1 Bedroom Apartments

9715 W Forest Home Ave

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

College Manor Apartments

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

Greenway Apartments

6507 GreenwayGreendale, WI 53129
  • Utilities Included
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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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Dale Creek Apartments
2 Bedroom Apartments

Dale Creek Apartments

6143 Churchwood CirGreendale, WI 53129
  • 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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Sunburst Apartments
1 to 2 Bedroom Apartments

Sunburst Apartments

6172 S 31st StGreenfield, WI 53221
  • Utilities Included
Showing Results 1-30, 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 Lexington Village Senior Apartments in the Alcott Park neighborhood priced from $1,025. Forest Place Apartments in the Fountainwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,129. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lexington Village Senior Apartments1BD/1BA-60% Median County Income1BR,1BA$1,025
Forest Place Apartments1 Bed 1 Bath Upper1BR,1BA$1,129
Mission Hills1bx1b1BR,1BA$1,145
Franklin Park1BR/1.0BA1BR,1BA$1,199
6850 W Kathleen Ct2 bd 1 ba2BR,1BA$1,200
Heritage Village ApartmentsL2BR,2BA$1,255
6868-6870 Kathleen Court - 12 Family2BR/1.0BA2BR,1BA$1,295
Southfield ApartmentsPhase 1 - 1 Bed, 1 Bath Cardinal1BR,1BA$1,299
Parkside ApartmentsPhase 1 - 2 Bed, 1 Bath Garden Upper (D1)2BR,1BA$1,306
Village In The ParkTwo Bed w/ In-Unit Laundry and Central Air2BR,1BA$1,335

Best Value Apartments for Rent in Franklin, WI and Nearby

As of December 09, 2025 the best value apartment in the Franklin area is the $0.94 price per square foot 3 Bedroom, 2.5 Bathroom Loft Model at Greenfield Park Apartments in the in the Alcott Park neighborhood starting from $1,795. The second greatest value Franklin apartment is the A-UPPER Model at Overlook Lakes Apartments starting at $1,900 with a $1.45 price per square foot in the Alcott Park 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.
Greenfield Park Apartments3 Bedroom, 2.5 Bathroom Loft3BR,2.5BA$0.94
Overlook Lakes ApartmentsA-UPPER2BR,2BA$1.45
Parkwood Lake Apartments2 Bed 2 Bath Lower Lake View2BR,2BA$1.33
Brandywood Apartments8900-308 DEC 2025 1ST MONTH RENT FREE3BR,2BA$1.43
Parkside Apartments2 Bed, 1.5 Bath Townhome2BR,1.5BA$1.40
Heritage Village ApartmentsL2BR,2BA$1.14
Greenbrook ApartmentsTwo Bedroom One Bath2BR,1BA$1.42
6868-6870 Kathleen Court - 12 Family2BR/1.0BA2BR,1BA$1.36
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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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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Getting Around Franklin, WI

Walk Score®

27 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

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

What is the Cheapest Studio apartment in Franklin?

Currently the most affordable Cheap Studio Apartment in Franklin is at HUB13 listed at $1,440.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $1,025 at Lexington Village Senior 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 $1,200 at 6850 W Kathleen Ct.

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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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.

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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!