5310 Beloit Rd
West MilwaukeeWI53214
Cheap Homes for Rent in Franklin, WI from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
6406 W Lincoln Ave
West AllisWI53219
1020 W National Ave
MilwaukeeWI53204
6521 Beloit Rd
West AllisWI53219
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.
3235 S 48th St
GreenfieldWI53219
1801 W Oklahoma Ave
MilwaukeeWI53215
1578 S Union St
MilwaukeeWI53204
1403 Rawson Ave
South MilwaukeeWI53172
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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Franklin, WI Local Guide
How much does it cost to rent a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,425 | $925 | $2,000 |
| Franklin 3 Bedroom Homes for Rent | $2,444 | $1,500 | $3,500 |
| Franklin 4 Bedroom Homes for Rent | $1,898 | $1,600 | $2,295 |
Browse Top Homes for Rent in Franklin
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Franklin, WI Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pinehaven Apartments | 1 Bed 1 Bath - 2827 & 2951 | 1BR,1BA | $949 |
| Brenwood Park Senior Apartments | One Bedroom Affordable | 1BR,1BA | $1,020 |
| Lexington Village Senior Apartments | 1BD/1BA-60% Median County Income | 1BR,1BA | $1,025 |
Best Value Apartments for Rent in Franklin, WI and Nearby
As of June 06, 2026 the best value apartment in the Franklin area is the $1.41 price per square foot 3BR 1.5 BA Model at Root River Apartments in the in the River Park neighborhood starting from $1,695. The second greatest value Franklin apartment is the Phase 2 - 2 BD / 2 BA Interior Lower Model at Wyndridge Nominee Apartments starting at $1,782 with a $1.49 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Root River Apartments | 3BR 1.5 BA | 3BR,1.5BA | $1.41 |
| Wyndridge Nominee Apartments | Phase 2 - 2 BD / 2 BA Interior Lower | 2BR,2BA | $1.49 |
| Brandywood Apartments | 8900-#310 JULY 1ST | 3BR,1.5BA | $1.48 |
| Lexington Village Senior Apartments | 2BD/1BA - Market Rate | 2BR,1BA | $1.50 |
| Heritage Lake Senior Apartments 55+ | Two Bedroom | 2BR,2BA | $1.22 |
| Forest Place Apartments | 2 Bed 1.5 Bath Upper | 2BR,1.5BA | $1.60 |
| Mission Hills | 1bx1b | 1BR,1BA | $1.58 |
| Tanglewood Apartments | One Bedroom Mulberry | 1BR,1BA | $1.58 |
| 11901 W Saint Martins Rd, Unit upper flat south | 11901 W Saint Martins Rd | 1BR,1BA | $1.60 |
| Brenwood Park Senior Apartments | One Bedroom Affordable | 1BR,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.
Read Article
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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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
See the most popular apartments and homes in Franklin, WI
Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 162 Apartments for Rent in Franklin, WI with pricing that ranges from $949 to $4,227. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $800 to $3,500.
What is the current price range for Rental Homes in Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $800 to $3,500 with an average monthly rent of $1,500.
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
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.
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.
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.
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
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.
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.
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.
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.