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

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Cheap Homes in Franklin.

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.

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

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.

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 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 ListingModel NameBed/BathPriced From
Lexington Village Senior Apartments1BD/1BA - Income Restricted1BR,1BA$896
Brenwood Park Senior ApartmentsOne Bedroom Affordable1BR,1BA$940
6129 S. 13th2BR/1.0BA2BR,1BA$1,075
Greenbrook ApartmentsOne Bedroom One Bath1BR,1BA$1,100
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Wyndridge Nominee ApartmentsPhase 2 - 2B / 2BA Upper Corner Updated w/ LVP2BR,2BA$1.55
Brandywood Apartments8900-#309 MID JULY 20253BR,1.5BA$1.43
Wood Creek ApartmentsTwo Bedroom - Attached Garage2BR,1.5BA$1.54
Mission Hills2bx1.5b2BR,1.5BA$1.21
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1.08
Lexington Village Senior Apartments2BD/1BA - Market Rate2BR,1BA$1.50
6129 S. 13th2BR/1.0BA2BR,1BA$1.13
Village Park11BR,1BA$1.31
Greenbrook ApartmentsOne Bedroom One Bath1BR,1BA$1.38
Brenwood Park Senior ApartmentsOne Bedroom Affordable1BR,1BA$1.33

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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.

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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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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.

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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.

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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.