Cheap Apartments for Rent in Franklin, WV from $500 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in Franklin.

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Valley View Senior Apartments
Rent Specials
$652 - $994
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$652 - $994

Total Monthly Price
$652 - $994
1 to 2 Bedroom Apartments Available Now

Valley View Senior Apartments

14 Frontier Ridge CtStaunton, VA 24401
Senior Living
  • Verified
  • Customer Reviewed
  • Utilities Included
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Waterford Village
Rent Specials
$980 - $1,120
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$980 - $1,120

Total Monthly Price
$980 - $1,120
2 to 3 Bedroom Apartments Available Now

Waterford Village

61 Waterford LoopStaunton, VA 24401
Cost Per Sq.Ft.
  • Verified
  • Customer Reviewed
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Middlebrook Trace
$1,015 - $1,120
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,015 - $1,120

Total Monthly Price
$1,015 - $1,120
2 to 3 Bedroom Apartments Available Now

Middlebrook Trace

601 Moore StStaunton, VA 24401
Cost Per Sq.Ft.
  • Verified
  • Utilities Included
  • Low Income
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Landings at Weyers Cave
$1,015 - $1,160
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,015 - $1,160

Total Monthly Price
$1,015 - $1,160
2 to 3 Bedroom Apartments Available Now

Landings at Weyers Cave

20 Landings DrWeyers Cave, VA 24486
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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Park Apartments
Rent Specials
$1,149 - $1,624
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,149 - $1,624

Total Monthly Price
$1,149 - $1,624
1 to 3 Bedroom Apartments Available Now

Park Apartments

200 Rocco AveHarrisonburg, VA 22801
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Quadrangle
Rent Specials
$1,170 - $1,585
Total Monthly Price

Total Monthly Price

Base Rent
$1,165 - $1,580
Required Monthly Fees
$5

Total Monthly Price
$1,170 - $1,585
2 to 3 Bedroom Apartments Available Aug 10

Quadrangle

901 4th StWaynesboro, VA 22980
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Belmont Terrace
$1,200 - $1,645
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,645

Total Monthly Price
$1,200 - $1,645
1 to 4 Bedroom Apartments Available Now

Belmont Terrace

1500 N Coalter StStaunton, VA 24401
  • Verified
  • Utilities Included
  • Smoke Free
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Yellowbud Place
1 to 3 Bedroom Apartments

Yellowbud Place

100 Caledonia Heights RdMoorefield, WV 26836
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Tucker Manor
1 to 2 Bedroom Apartments

Tucker Manor

202 Sunnyside LnParsons, WV 26287
Senior Living
  • Utilities Included
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Randolph Village
1 to 3 Bedroom Apartments

Randolph Village

302 Nathan StElkins, WV 26241
  • Utilities Included
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Canterbury Place
1 to 3 Bedroom Apartments

Canterbury Place

6 Canterbury PlElkins, WV 26241
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Maplewood Gardens
2 to 3 Bedroom Apartments

Maplewood Gardens

229 Maple AvenueMoorefield, WV 26836

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.

property at 191 Rockingham Dr

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

1 Bedroom, 1 Bath Home for Rent

Available Sep 18

191 Rockingham Dr

HarrisonburgVA22802
property at 135 Lewis St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

1 Bedroom Rentals

Available Sep 2

135 Lewis St

HarrisonburgVA22801
property at 1121 Shenandoah St

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

1121 Shenandoah St

HarrisonburgVA22802
property at 412 Bruce St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Home for Rent

Available Now

412 Bruce St

BridgewaterVA22812
property at 423 Barbee St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Home for Rent

Available Now

423 Barbee St

BridgewaterVA22812
property at 337 Maple Ln

$1,150

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

337 Maple Ln

DaytonVA22821

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.

property at 218 S Main St

$1,150

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

218 S Main St

BridgewaterVA22812
property at 144 W Grattan St

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175

2 Bedroom, 1 Bath Home for Rent

Available Oct 1

144 W Grattan St

HarrisonburgVA22801

Franklin, WV Local Guide

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. Valley View Senior Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $652. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lee Street Apartments1 Bed, 1 bath1BR,1BA$524
Valley View Senior Apartments1/11BR,1BA$652
Campus View4x44BR,4BA$679
Craigmont Manor1 Bedroom1BR,1BA$815
Yellowbud Place3 Bdrm3BR,1BA$901
Colonnade Apartments IShenandoah - HC1BR,1BA$983
Landings at Weyers CaveThe Augusta2BR,2BA$1,015
Middlebrook Trace2 Bed2BR,1BA$1,015
Waterford Village3 Bedroom 2 Bath3BR,2BA$1,120
Mountain Ridge Apartments2x12BR,1BA$1,125

Best Value Apartments for Rent in Franklin, WV and Nearby

As of August 08, 2026 the best value apartment in the Franklin area is the $0.92 price per square foot 3 Bedroom Model at Glenside Townhomes in the in the Old Town Harrisonburg neighborhood starting from $1,820. The second greatest value Franklin apartment is the 4x4 Top Floor Premium Model at Campus View starting at $699 with a $0.50 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Glenside Townhomes3 Bedroom3BR,3.5BA$0.92
Campus View4x4 Top Floor Premium4BR,4BA$0.50
Yellowbud Place3 Bdrm3BR,1.5BA$0.75
Waterford Village3 bedroom 2 Bath3BR,2BA$0.93
Landings at Weyers CaveThe Augusta2BR,2BA$0.96
Middlebrook Trace2 Bed2BR,1.5BA$0.99
Squire Hill ApartmentsMontpelier (Furnished)2BR,2.5BA$0.89
Craigmont Manor1 Bedroom1BR,1BA$1.16
Lee Street Apartments1 Bed, 1 bath1BR,1BA$0.75
Valley View Senior Apartments1/11BR,1BA$1.01

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.

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Real 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $855 at Craigmont Manor.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Yellowbud Place and starts from $901.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.