Cheap Apartments for Rent in Franklin, WI from $600 (29 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
  • Utilities Included

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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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
  • Utilities Included
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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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Greenway Apartments
2 Bedroom Apartments

Greenway Apartments

6507 GreenwayGreendale, WI 53129
  • Utilities Included

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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The Edgerton
2 Bedroom Apartments

The Edgerton

4909 W Edgerton AveGreenfield, WI 53220
  • Utilities Included
Showing Results 1-29, 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 $896. 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
Lexington Village Senior Apartments1BD/1BA - Income Restricted1BR,1BA$896
Brenwood Park Senior ApartmentsOne Bedroom Affordable1BR,1BA$1,020
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1,140
Sunburst Apartments1 BR / 1BA Remodeled1BR,1BA$1,195
Mission Hills1bx1b1BR,1BA$1,220
6th and CollegeRenovated 2 bed/1 bath2BR,1BA$1,225
Southfield ApartmentsPhase 1 - 1 Bed, 1 Bath Cardinal1BR,1BA$1,234
Village Park11BR,1BA$1,245
Forest Place Apartments2 Bed 1.5 Bath Lower2BR,1BA$1,299
Ryan Green ApartmentsLaurel1BR,1BA$1,371

Best Value Apartments for Rent in Franklin, WI and Nearby

As of June 24, 2025 the best value apartment in the Franklin area is the $1.27 price per square foot 2 Bed, 2 Bath w/ Tandem 2 Car Garage - Upper In... Model at The Orchard Apartments in the in the Alcott Park neighborhood starting from $1,698. The second greatest value Franklin apartment is the 8900-#309 MID JULY 2025 Model at Brandywood Apartments starting at $1,695 with a $1.43 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.
The Orchard Apartments2 Bed, 2 Bath w/ Tandem 2 Car Garage - Upper In...2BR,2BA$1.27
Brandywood Apartments8900-#309 MID JULY 20253BR,1.5BA$1.43
Riverwood Estates ApartmentsKingswood2BR,2BA$1.47
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1.08
Village Park11BR,1BA$1.31
Southfield ApartmentsPhase 1 - 1 Bed, 1 Bath Cardinal1BR,1BA$1.42
6th and CollegeRenovated 2 bed/1 bath2BR,1BA$1.44
Forest Place Apartments2 Bed 1.5 Bath Lower2BR,1.5BA$1.53
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:
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Explore Franklin, WI Rentals by Map

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See the most popular apartments and homes in Franklin, WI

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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 Seasons at Franklin listed at $1,445.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $896 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 $1,140 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.