
Cheap Homes for Rent in River Park Neighborhood of Franklin, WI from $1,300 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the River Park area of Franklin.

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.

5499 Rainbow Dr
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.

8145 S White Oak Dr
River Park, Franklin, WI Local Guide

How much does it cost to rent a home in River Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| River Park 3 Bedroom Homes for Rent | $2,900 | $2,300 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 3 mile radius of the River Park Neighborhood of Franklin, WI.
Explore Franklin
River Park, Franklin, WI Local Guide
- Nearby Franklin neighborhoods
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Best Value Apartments for Rent in River Park, WI
As of June 06, 2026 the best value apartment in the River Park area is the $1.32 price per square foot Arbors - 3 Bed, 2 Bath Model at Centennial Park Apartments in the in the River Park neighborhood starting from $2,063. The second greatest value River Park apartment is the Thatcher Model at Statesman Apartments starting at $2,156 with a $1.74 price per square foot in the College Heights neighborhood. Here is today’s list of the best values for River Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Centennial Park Apartments | Arbors - 3 Bed, 2 Bath | 3BR,2BA | $1.32 |
| Statesman Apartments | Thatcher | 2BR,2BA | $1.74 |
| Root River Apartments | 3BR 1.5 BA | 3BR,1.5BA | $1.41 |
| Brandywood Apartments | 8900-#310 JULY 1ST | 3BR,1.5BA | $1.48 |
| Springbrook Cercle | Clearwater Inner Entry Level | 1BR,1BA | $1.64 |
| Seasons at Orchard Hills | 1E | 1BR,1BA | $1.78 |
| Ryan Green Apartments | Laurel | 1BR,1BA | $1.67 |
| Tanglewood Apartments | One Bedroom Mulberry | 1BR,1BA | $1.58 |
| Timber Ridge Apartments | Two Bedroom | 2BR,1BA | $1.66 |
| Oak Park Apartment Homes | 1 Bed | 1BR,1BA | $1.77 |
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 ArticleReal 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.
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 River Park, Franklin, WI
Forest Ridge Elementary
Oak Creek West Middle
School data provided by Great Schools
Frequently Asked Questions about River Park
What type of rentals are currently available in River Park?
There are currently 66 Apartments for Rent in River Park, WI with pricing that ranges from $961 to $4,415. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in River Park ranging from $1,375 to $3,500.
What is the current price range for Rental Homes in River Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in River Park ranges from $1,375 to $3,500 with an average monthly rent of $2,137.
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
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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
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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
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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
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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.