Cheap Apartments for Rent in Franklin, WI from $600 (28 Rentals)

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

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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Park Water Apartments
1 to 3 Bedroom Apartments

Park Water Apartments

6594 S 35th StFranklin, WI 53132
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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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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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6213 S 13th St
1 to 2 Bedroom Apartments

6213 S 13th St

6213 S 13th StMilwaukee, WI 53221
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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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Greenway Apartments
2 Bedroom Apartments

Greenway Apartments

6507 GreenwayGreendale, WI 53129
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The Edgerton
2 Bedroom Apartments

The Edgerton

4909 W Edgerton AveGreenfield, WI 53220
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Franklin, WI Local Guide

Cheapest Available Franklin Apartments for Rent

 

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 $799. College Court Apartments in the Far South Side neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pinehaven Apartments1 Bed 1 Bath - 2827 & 29511BR,1BA$799
College Court ApartmentsOne Bedroom1BR,1BA$1,000
Brenwood Park Senior ApartmentsOne Bedroom Affordable1BR,1BA$1,020
Lexington Village Senior Apartments1BD/1BA-60% Median County Income1BR,1BA$1,025
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1,140
Sunburst Apartments1 Bedroom/1 Bathroom1BR,1BA$1,150
Mission Hills1bx1b1BR,1BA$1,185
6th and CollegeRenovated 2 bed/1 bath2BR,1BA$1,225
Tanglewood ApartmentsOne Bedroom Mulberry1BR,1BA$1,238
Forest Ridge Senior CommunityFounders - 2 Bed, 2 Bath2BR,2BA$1,270

Best Value Apartments for Rent in Franklin, WI

As of July 24, 2025 the best value apartment in the Franklin area is the $1.43 price per square foot 8900-#309 MID JULY 2025 Model at Brandywood Apartments in the in the River Park neighborhood starting from $1,695. The second greatest value Franklin apartment is the Dahlia Model at Manchester Oaks starting at $1,795 with a $1.54 price per square foot in the Fountainwood 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.
Brandywood Apartments8900-#309 MID JULY 20253BR,1.5BA$1.43
Manchester OaksDahlia2BR,2BA$1.54
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1.08
Riverwood Estates ApartmentsSunstone Spiral1BR,1BA$1.45
Greenbrook ApartmentsTwo Bedroom One Bath2BR,1BA$1.47
6th and CollegeRenovated 2 bed/1 bath2BR,1BA$1.44
Forest Ridge Senior CommunityFounders - 2 Bed, 2 Bath2BR,2BA$1.52
College Court ApartmentsOne Bedroom1BR,1BA$1.25
Lexington Village Senior Apartments1BD/1BA-60% Median County Income1BR,1BA$1.43
Brenwood Park Senior ApartmentsOne Bedroom Affordable1BR,1BA$1.44

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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!

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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

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $799 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 $1,140 at Heritage Lake Senior Apartments 55+.

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 $1,625.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.