1922 S 6th St
MilwaukeeWI53204
Cheap Homes for Rent in Franklin, WI from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
6535 Beloit Rd
West AllisWI53219
1484 S 92nd St
West AllisWI53214
6521 Beloit Rd
West AllisWI53219
6406 W Lincoln Ave
West AllisWI53219
1701 Michigan Ave
South MilwaukeeWI53172
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.
8020 W Becher St
West AllisWI53219
1229 S 20th St
MilwaukeeWI53204
9129 W National Ave
West AllisWI53227
1443 S 51st St
West MilwaukeeWI53214
1556 S 76th St
West AllisWI53214
3912 S Sunset Dr
MilwaukeeWI53220
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
Sunrise over Root River by Flickr User: lens-cap is licensed under CC BY 2.0
How much does it cost to rent a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,623 | $1,195 | $2,525 |
| Franklin 3 Bedroom Homes for Rent | $2,240 | $1,350 | $3,500 |
| Franklin 4 Bedroom Homes for Rent | $2,222 | $1,495 | $2,995 |
Browse Top Homes for Rent in Franklin
Explore Franklin
Franklin, WI Local Guide
- Franklin Neighborhoods
- Nearby Cities
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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 Brenwood Park Senior Apartments in the Fountainwood neighborhood priced from $1,020. Lexington Village Senior Apartments in the Alcott Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,025. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 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 |
| Heritage Lake Senior Apartments 55+ | Two Bedroom Deluxe | 2BR,2BA | $1,140 |
| Sunburst Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1,150 |
| Forest Place Apartments | 2 Bed 1.5 Bath Lower | 2BR,1BA | $1,199 |
Best Value Apartments for Rent in Franklin, WI and Nearby
As of October 12, 2025 the best value apartment in the Franklin area is the $1.42 price per square foot 2 Bed 2 Bath Lower Lake View Model at Parkwood Lake Apartments in the in the South Milwaukee neighborhood starting from $1,850. The second greatest value Franklin apartment is the 8920-304 MID DEC 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parkwood Lake Apartments | 2 Bed 2 Bath Lower Lake View | 2BR,2BA | $1.42 |
| Brandywood Apartments | 8920-304 MID DEC 2025 | 3BR,2BA | $1.43 |
| Whitnall Gardens Apartments | Garden - 2 Bed, 1 Bath | 2BR,1BA | $1.33 |
| Heritage Village Apartments | L | 2BR,2BA | $1.14 |
| Heritage Lake Senior Apartments 55+ | Two Bedroom Deluxe | 2BR,2BA | $1.08 |
| Greenbrook Apartments | Two Bedroom One Bath | 2BR,1BA | $1.42 |
| 5471 S 13th St, Unit #3 | 5471 S 13th St | 2BR,1BA | $1.37 |
| 6850 W Kathleen Ct | 2 bd 1 ba | 2BR,1BA | $1.41 |
| Lexington Village Senior Apartments | 1BD/1BA-60% Median County Income | 1BR,1BA | $1.34 |
| Brenwood Park Senior Apartments | One Bedroom Affordable | 1BR,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!
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 160 Apartments for Rent in Franklin, WI with pricing that ranges from $845 to $6,005. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $700 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 $700 to $3,500 with an average monthly rent of $1,582.
How much are larger Three and Four Bedroom Rentals in Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $1,695 to $5,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $3,400.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.