Cheap Apartments for Rent in Franklin, WI from $600 (35 Rentals)

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

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Franklin Meadows Senior
1 Bedroom Apartments

Franklin Meadows Senior

7704 S 51st StFranklin, WI 53132
Senior Living
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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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6850 W Kathleen Ct
2 Bedroom Apartments

6850 W Kathleen Ct

6850 W Kathleen CtFranklin, WI 53132
  • Utilities Included

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.

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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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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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College Manor Apartments
1 to 3 Bedroom Apartments

College Manor Apartments

2100-2200 W College AveMilwaukee, WI 53221
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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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Whitnall Grove Apartments
1 to 2 Bedroom Apartments

Whitnall Grove Apartments

8956-8980 W Forest Home AveMilwaukee, WI 53228
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Dale Creek Apartments
2 Bedroom Apartments

Dale Creek Apartments

6143 Churchwood CirGreendale, WI 53129
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Greenway Apartments
1 to 3 Bedroom Apartments

Greenway Apartments

6507 GreenwayGreendale, WI 53129
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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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6129 S. 13th
1 to 3 Bedroom Apartments

6129 S. 13th

6129 S 13th StMilwaukee, WI 53221
Showing Results 1-35, 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 $949. Brenwood Park Senior Apartments in the Fountainwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,020. 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$949
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 Bedroom2BR,2BA$1,130
Franklin Park1BR/1.0BA1BR,1BA$1,149
Mission Hills1bx1b1BR,1BA$1,233
Timber Ridge ApartmentsTwo Bedroom2BR,1BA$1,245
Forest Ridge Senior CommunityFounders - 1 Bed, 1 Bath1BR,1BA$1,256
Whitnall Park Apartments1OM-1 (WP1OM-1)1BR,1BA$1,299

Best Value Apartments for Rent in Franklin, WI and Nearby

As of June 08, 2026 the best value apartment in the Franklin area is the $1.49 price per square foot Phase 2 - 2 BD / 2 BA Interior Lower Model at Wyndridge Nominee Apartments in the in the Fountainwood neighborhood starting from $1,782. The second greatest value Franklin apartment is the 8900-#310 JULY 1ST Model at Brandywood Apartments starting at $1,765 with a $1.48 price per square foot in the River 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.
Wyndridge Nominee ApartmentsPhase 2 - 2 BD / 2 BA Interior Lower2BR,2BA$1.49
Brandywood Apartments8900-#310 JULY 1ST3BR,1.5BA$1.48
Lexington Village Senior Apartments2BD/1BA - Market Rate2BR,1BA$1.50
Heritage Lake Senior Apartments 55+Two Bedroom2BR,2BA$1.22
Forest Place Apartments2 Bed 1.5 Bath Upper2BR,1.5BA$1.60
Greenbrook ApartmentsOne Bedroom One Bath1BR,1BA$1.54
Mission Hills1bx1b1BR,1BA$1.58
Timber Ridge ApartmentsTwo Bedroom2BR,1BA$1.66
11901 W Saint Martins Rd, Unit upper flat south11901 W Saint Martins Rd1BR,1BA$1.60
Brenwood Park Senior ApartmentsOne Bedroom Affordable1BR,1BA$1.44

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Franklin, WI

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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 $949 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 $1,130 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 $1,765.

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.

Helpful Local Expert Guides

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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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The Top Neighborhoods for Off-Campus Housing for Milwaukee-Area College Students

Written by: Tim Brown

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

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A Local Experts Guide to Milwaukee: Neighborhoods, Traditions, and the Cozy Spirit of Gemütlichkeit

Written by: Tim Brown

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

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An Insiders Guide to Apartment Living Near Milwaukee's Four Employer Clusters

Written by: Tim Brown

Having grown up in Milwaukee and lived in Waukesha for several years, I have come to realize that the Milwaukee metro area offers diverse employment and housing opportunities.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.