
Cheap Homes for Rent in Franklin, WI from $800 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.


2167 S 5th St

6406 W Lincoln Ave

6521 Beloit Rd

3235 S 48th St

6213 South 13th Street
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.

9129 W National Ave

2166 S 6th St

6320 S 35th St

10535 W Spring Green Rd

3904 Sunset Square

3908 S Sunset Dr
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.

3904 S Sunset Dr
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 | $1,540 | $1,200 | $1,995 |
| Franklin 3 Bedroom Homes for Rent | $2,244 | $1,675 | $2,950 |
| Franklin 4 Bedroom Homes for Rent | $2,195 | $1,895 | $2,495 |
Browse Top Homes for Rent in Franklin
Explore Franklin
Franklin, WI Local Guide
- Franklin Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $899. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pinehaven Apartments | 1 Bed 1 Bath - 2827 & 2951 | 1BR,1BA | $899 |
| College Court Apartments | One Bedroom Lower | 1BR,1BA | $1,000 |
| 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 | 2BR,2BA | $1,125 |
Best Value Apartments for Rent in Franklin, WI and Nearby
As of March 07, 2026 the best value apartment in the Franklin area is the $1.46 price per square foot A-UPPER Model at Overlook Lakes Apartments in the in the Alcott Park neighborhood starting from $1,925. The second greatest value Franklin apartment is the 8920-304 MARCH 2026 MOVE IN SPECIAL 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. |
|---|---|---|---|
| Overlook Lakes Apartments | A-UPPER | 2BR,2BA | $1.46 |
| Brandywood Apartments | 8920-304 MARCH 2026 MOVE IN SPECIAL | 3BR,2BA | $1.43 |
| Riverwood Estates Apartments | Charmstone | 2BR,2BA | $1.47 |
| Greenbrook Apartments | Two Bedroom One Bath | 2BR,1BA | $1.53 |
| Village In The Park | Two Bedroom | 2BR,1BA | $1.41 |
| 6868-6870 Kathleen Court - 12 Family | 2BR/1.0BA | 2BR,1BA | $1.31 |
| Heritage Lake Senior Apartments 55+ | Two Bedroom | 2BR,2BA | $1.21 |
| College Court Apartments | One Bedroom Lower | 1BR,1BA | $1.25 |
| 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 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
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 $899 to $6,600. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $810 to $2,950.
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 $810 to $2,950 with an average monthly rent of $1,596.
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 $1,635 to $6,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,675 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $3,400.
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.
Articles, How-To's, and Tips

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.