
Cheap Apartments for Rent in Franklin, WV from $500 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.


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Valley View Senior Apartments

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Springhill Village Apartments

Craigmont Manor

Grand Duke - Historical Access

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Waterford Village

Frontier Ridge Apartments

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Middlebrook Trace

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Landings at Weyers Cave
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.

Mountain Ridge Apartments

Blue Ridge Apartments

Park Apartments

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Belmont Terrace

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Deer Run

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Longview Oaks Apartments

Squire Hill Apartments

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Quadrangle

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Hillcrest
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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Echo Mountain Apartments

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Augusta Farms

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The Grove at Manchester

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Ridgecrest

Tucker Manor

Randolph Village

Yellowbud Place

Maplewood Gardens

135 Lewis St
Cash 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.

Twin Mountain Townhomes

126 W Grattan St

218 S Main St

144 W Grattan St

163 Suter St

1751 Central Ave

317 Park Ave

2407 Bare St.

The Hilltop Apartments for active adults 55+
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.

51 Pleasant Hill Rd

1625 Buttonwood Ct

155 W Rock St

117 Pennie Layne

501 Roman Way

1727 Buttonwood Ct

128 W Gay St

106 Weeping Willow Ln

1809 Willow Hill Dr
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Franklin, WV Local Guide

How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 1 Bedroom Apartments | $1,618 | $524 | $2,750 |
| Franklin 2 Bedroom Apartments | $1,771 | $782 | $3,107 |
| Franklin 3 Bedroom Apartments | $1,855 | $729 | $3,507 |
| Franklin 4 Bedroom Apartments | $1,558 | $679 | $3,196 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, WV Local Guide
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Cheapest Available Franklin Apartments for Rent and Nearby
 The cheapest available apartment rental in Franklin, WV is a 1 Bed unit found at Lee Street Apartments priced from $524. Campus View has the second lowest priced unit, which is a 4 Beds apartment currently listed from $679. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lee Street Apartments | 1 Bed, 1 bath | 1BR,1BA | $524 |
| Campus View | 4x4 | 4BR,4BA | $679 |
| Yellowbud Place | 2 Bedroom Unit | 2BR,1BA | $775 |
| Springhill Village Apartments | One Bedroom | 1BR,1BA | $780 |
| Craigmont Manor | 1 Bedroom | 1BR,1BA | $815 |
| Middlebrook Trace | 2 Bed | 2BR,1BA | $1,015 |
| Landings at Weyers Cave | The Augusta | 2BR,2BA | $1,015 |
| Waterford Village | 3 Bedroom 2 Bath | 3BR,2BA | $1,120 |
| Mountain Ridge Apartments | 2x1 | 2BR,1BA | $1,125 |
| Frontier Ridge Apartments | 3 BR | 3BR,2BA | $1,140 |
Best Value Apartments for Rent in Franklin, WV and Nearby
As of June 18, 2026 the best value apartment in the Franklin area is the $0.50 price per square foot 4x4 Top Floor Premium Model at Campus View in the in the Old Town Harrisonburg neighborhood starting from $699. The second greatest value Franklin apartment is the 4BD/4.5BA Renovated Model at Arcadia Harrisonburg starting at $705 with a $0.54 price per square foot in the Old Town Harrisonburg 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. |
|---|---|---|---|
| Campus View | 4x4 Top Floor Premium | 4BR,4BA | $0.50 |
| Arcadia Harrisonburg | 4BD/4.5BA Renovated | 4BR,4.5BA | $0.54 |
| The Hills Southview Apartments | D1-Premium | 4BR,4BA | $0.53 |
| Frontier Ridge Apartments | 3 BR | 3BR,2BA | $0.92 |
| Waterford Village | 3 Bedroom 2 Bath | 3BR,2BA | $0.93 |
| The Hills Northview Apartments | D1-Premium | 4BR,2BA | $0.48 |
| North 38 | 3x3 | 3BR,3BA | $0.64 |
| Landings at Weyers Cave | The Augusta | 2BR,2BA | $0.96 |
| Yellowbud Place | 2 Bedroom Unit | 2BR,1.5BA | $0.81 |
| Lee Street Apartments | 1 Bed, 1 bath | 1BR,1BA | $0.75 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin, WV Rentals by Map
See the most popular apartments and homes in Franklin, WV
Frequently Asked Questions about Cheap Franklin Apartments
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $524 at Lee Street Apartments.
What is the lowest price for a Cheap Two Bedroom Franklin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Franklin is starting from $775 at Yellowbud Place.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Waterford Village and starts from $1,120.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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
Written by: Robin Stewart
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
Written by: Robin Stewart
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.