
Cheap Homes for Rent in Franklin, WI from $600 (11 Rentals)
Cheap Homes in Franklin.


1418 W Mitchell St

8008 W Becher St
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.

1484 S 92nd St

1643 S 7th St

2338 W Becher St
Check Out Milwaukee’s Best Affordable Neighborhoods
Learn about Milwaukee and the best places to live with original content written by our Local Expert Tim Brown

6521 Beloit Rd

733 S 26th St

6810 W Morgan Ave
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

3776 E Hammond Ave

6112 W Madison St
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 | $1,466 | $850 | $2,400 |
Franklin 3 Bedroom Homes for Rent | $2,360 | $1,525 | $3,950 |
Franklin 4 Bedroom Homes for Rent | $2,798 | $2,798 | $2,798 |
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 Lexington Village Senior Apartments in the Alcott Park neighborhood priced from $896. Brenwood Park Senior Apartments in the Eastern Waukesha neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $940. Here is today’s list of the most affordable Franklin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lexington Village Senior Apartments | 1BD/1BA - Income Restricted | 1BR,1BA | $896 |
Brenwood Park Senior Apartments | One Bedroom Affordable | 1BR,1BA | $940 |
6129 S. 13th | 2BR/1.0BA | 2BR,1BA | $1,075 |
Greenbrook Apartments | One Bedroom One Bath | 1BR,1BA | $1,100 |
Heritage Lake Senior Apartments 55+ | Two Bedroom Deluxe | 2BR,2BA | $1,140 |
Best Value Apartments for Rent in Franklin, WI and Nearby
As of May 05, 2025 the best value apartment in the Franklin area is the $1.55 price per square foot Phase 2 - 2B / 2BA Upper Corner Updated w/ LVP Model at Wyndridge Nominee Apartments in the in the Eastern Waukesha neighborhood starting from $1,994. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Wyndridge Nominee Apartments | Phase 2 - 2B / 2BA Upper Corner Updated w/ LVP | 2BR,2BA | $1.55 |
Brandywood Apartments | 8900-#309 MID JULY 2025 | 3BR,1.5BA | $1.43 |
Wood Creek Apartments | Two Bedroom - Attached Garage | 2BR,1.5BA | $1.54 |
Mission Hills | 2bx1.5b | 2BR,1.5BA | $1.21 |
Heritage Lake Senior Apartments 55+ | Two Bedroom Deluxe | 2BR,2BA | $1.08 |
Lexington Village Senior Apartments | 2BD/1BA - Market Rate | 2BR,1BA | $1.50 |
6129 S. 13th | 2BR/1.0BA | 2BR,1BA | $1.13 |
Village Park | 1 | 1BR,1BA | $1.31 |
Greenbrook Apartments | One Bedroom One Bath | 1BR,1BA | $1.38 |
Brenwood Park Senior Apartments | One Bedroom Affordable | 1BR,1BA | $1.33 |
Quick 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.
Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 158 Apartments for Rent in Franklin, WI with pricing that ranges from $795 to $7,883. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $650 to $3,950.
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 $650 to $3,950 with an average monthly rent of $1,665.
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 $1,179 to $7,342, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,525 to $3,950. Four Bedroom Single-Family rentals are also available starting from $2,798 and Four Bedroom Apartments start at $4,750.
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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.