
Cheap Apartments for Rent in Franktown, CO from $990 (50 Rentals)
Search the lowest-cost Apartments available for rent right now in Franktown.


Oakwood Senior Apartments

Copper Steppe Apartments

Parker Flats at Old Town

Vistas at Plum Creek

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Briargate on Main

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Pines at Castle Rock

Forte 55+

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The Bluffs at Castle Rock

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AVRA at RidgeGate Station
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.

Reserve at Castle Highland

Marquis Castle Pines

Unity on Park

The Depot at Twenty Mile

Parker Hilltop

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The Links at Plum Creek

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The Meadowmark 55+ Active Adult Affordable Living

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Talus Flats

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Bell Stonegate

Riverwalk
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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Watermark on Twenty Mile

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South Range Crossings

Auburn Ridge

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Juniper on Main

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Waterford on Mainstreet

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Enclave at Cherry Creek

Talus - All utilities & parking included

Echo Ridge Apartments

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Auburn Brook

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Alana
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.

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Venue at the Promenade

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Pine and Parker

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Peak 83

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The Prospector Modern Apartments

The View at Castle Rock

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Madison at Canyons, The

Trailside Apartments

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Avalon Parker

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Avalon Castle Rock

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Pine Ridge Crossings
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.

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Ara Townhomes & Flats

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Citadel at Castle Pines

2076 Oakcrest Cir

246 S Oman Rd

Black Feather Apartment Homes

12918 Ironstone Way

12931 Ironstone Way

474 Black Feather Loop

262 S Oman Rd

1996 Oakcrest Cir
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.
Franktown, CO Local Guide

How much does it cost to rent an apartment in Franktown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franktown Studio Apartments | $1,647 | $1,512 | $1,782 |
| Franktown 1 Bedroom Apartments | $1,764 | $990 | $2,680 |
| Franktown 2 Bedroom Apartments | $2,125 | $1,183 | $3,611 |
| Franktown 3 Bedroom Apartments | $2,800 | $2,062 | $3,957 |
| Franktown 4 Bedroom Apartments | $3,685 | $3,649 | $3,714 |
Browse Top Apartments in Franktown
See all Apartments in FranktownExplore Franktown
Franktown, CO Local Guide
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Cheapest Available Franktown Apartments for Rent and Nearby
 The cheapest available apartment rental in Franktown, CO is a 1 Bed unit found at Oakwood Senior Apartments in the Crystal Crossing neighborhood priced from $990. Parker Flats at Old Town in the Newlin Meadows neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,334. Here is today’s list of the most affordable Franktown apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oakwood Senior Apartments | Oakwood 1 | 1BR,1BA | $990 |
| Parker Flats at Old Town | The Gallerie | 1BR,1BA | $1,334 |
| Vistas at Plum Creek | Windsor - 1 | 1BR,1BA | $1,360 |
| Pines at Castle Rock | 1 Bedroom 1 Bathroom 60% | 1BR,1BA | $1,401 |
| Forte 55+ | Floor Plan A | 1BR,1BA | $1,434 |
| The Bluffs at Castle Rock | a1.1R | 1BR,1BA | $1,455 |
| AVRA at RidgeGate Station | U1 | 1BR,1BA | $1,487 |
| Reserve at Castle Highland | One Bedroom | 1BR,1BA | $1,499 |
| Unity on Park | Studio | Studio,1BA | $1,512 |
| The Depot at Twenty Mile | The Polly | 1BR,1BA | $1,522 |
Best Value Apartments for Rent in Franktown, CO and Nearby
As of September 05, 2026 the best value apartment in the Franktown area is the $1.89 price per square foot Elkhorn Renovated Model at Red Hawk Crossings in the in the Crystal Crossing neighborhood starting from $2,993. The second greatest value Franktown apartment is the 3 Bed 2.5 Bath E Model at The Townhomes at Pine Drive starting at $2,820 with a $1.82 price per square foot in the Newlin Meadows neighborhood. Here is today’s list of the best values for Franktown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Red Hawk Crossings | Elkhorn Renovated | 3BR,2.5BA | $1.89 |
| The Townhomes at Pine Drive | 3 Bed 2.5 Bath E | 3BR,2.5BA | $1.82 |
| Black Feather Apartment Homes | 3 | 3BR,2.5BA | $1.91 |
| South Range Crossings | Three Bedroom C2 (60%) | 3BR,2BA | $1.77 |
| Pines at Castle Rock | 2 Bedroom 2 Bathroom (Market Rate) | 2BR,2BA | $1.91 |
| Pine Ridge Crossings | 2A | 2BR,2BA | $1.87 |
| Parker Hilltop | Hillside | 1BR,1BA | $2.02 |
| Reserve at Castle Highland | One Bedroom | 1BR,1BA | $2.01 |
| The Bluffs at Castle Rock | a1.1R | 1BR,1BA | $1.98 |
| Oakwood Senior Apartments | Oakwood 1 | 1BR,1BA | $1.52 |
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 ArticleNavigating 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.
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 Franktown, CO Rentals by Map
See the most popular apartments and homes in Franktown, CO
Frequently Asked Questions about Cheap Franktown Apartments
What is the Cheapest Studio apartment in Franktown?
Currently the most affordable Cheap Studio Apartment in Franktown is at Unity on Park listed at $1,512.
How much is rent for a Cheap One Bedroom Franktown Apartment?
The lowest price for a Cheap One Bedroom Franktown Apartment is $990 at Oakwood Senior Apartments.
What is the lowest price for a Cheap Two Bedroom Franktown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Franktown is starting from $1,530 at Copper Steppe Apartments.
What is the most affordable Franktown Three Bedroom Apartment?
The best deal on a cheap Franktown Three Bedroom Apartment rental is at Marquis Castle Pines and starts from $2,085.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.