Cheap Apartments for Rent near New Franklin, MO from $710 (42 Rentals)

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

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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Montmartre Apartments
$1,055 - $1,160

Total Monthly Price

Base Rent$1,055 - $1,160
Total Monthly Price$1,055 - $1,160
1 to 2 Bedroom Apartments Available Now

Montmartre Apartments

104 Clinkscales RdColumbia, MO 65203
Senior Living
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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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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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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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property at 4209 Defoe Dr
$1,400
3 Bedroom Rentals
Available Now

4209 Defoe Dr

ColumbiaMO65203

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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Showing Results 1-42, Page 1 of 1

New Franklin, MO Local Guide

Cheapest Available New Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in New Franklin, MO is a 3 Beds unit found at Columbia Square Apartments in the Tiger Village Apartments neighborhood priced from $721. Broadway Apartments in the Tiger Village Apartments neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here is today’s list of the most affordable New Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Columbia Square ApartmentsColumbia Square Three Bedroom (Affordable - Income3BR,1BA$721
Broadway ApartmentsSpacious 1 Bedroom 1 Bathroom Apartment Home1BR,1BA$900
Heather RidgeArbor2BR,1BA$1,007
Forest VillageFV-A2BR,1BA$1,102
Montmartre Apartments2 BR / 1 BA2BR,1BA$1,105
Frederick Building1 Bed/ 2 Bath - Female Roommate Matching2BR,2BA$1,195
Tiger VillageOne Bedroom One Bath Renovated1BR,1BA$1,210
Lake Broadway TownhomesLake Broadway Townhomes2BR,2BA$1,425
Cottage GroveTownhomes2BR,2BA$1,450
Cross Creek Villas4BR/2.5BA4BR,2BA$1,549

Best Value Apartments for Rent in New Franklin, MO and Nearby

As of September 15, 2026 the best value apartment in the New Franklin area is the $0.77 price per square foot 4BR/2.5BA Model at Cross Creek Villas in the in the Auburn Hills neighborhood starting from $1,549. The second greatest value New Franklin apartment is the The Dearborne Model at Walkers Ridge starting at $2,700 with a $1.50 price per square foot in the Broadway Farms neighborhood. Here is today’s list of the best values for New Franklin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cross Creek Villas4BR/2.5BA4BR,2.5BA$0.77
Walkers RidgeThe Dearborne4BR,2.5BA$1.50
Cottage GroveTownhomes2BR,2.5BA$1.04
Four Winds ApartmentsThe Oakridge3BR,2BA$1.16
The Landing CoMoB - 4x44BR,4BA$0.58
Lake Broadway TownhomesLake Broadway Townhomes2BR,2BA$1.19
Frederick Building1 Bed/ 2 Bath - Female Roommate Matching2BR,2BA$1.26
Montmartre Apartments2 BR / 1 BA2BR,1BA$1.26
Heather RidgeArbor2BR,1BA$1.34
Broadway ApartmentsSpacious 1 Bedroom 1 Bathroom Apartment Home1BR,1BA$1.38

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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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.

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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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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.

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

Explore New Franklin, MO Rentals by Map

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See the most popular apartments and homes in New Franklin, MO

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Frequently Asked Questions about Cheap New Franklin Apartments

How much is rent for a Cheap One Bedroom New Franklin Apartment?

The lowest price for a Cheap One Bedroom New Franklin Apartment is $900 at Broadway Apartments.

What is the lowest price for a Cheap Two Bedroom New Franklin Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in New Franklin is starting from $950 at Broadway Apartments.

What is the most affordable New Franklin Three Bedroom Apartment?

The best deal on a cheap New Franklin Three Bedroom Apartment rental is at Columbia Square Apartments and starts from $721.

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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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.

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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.

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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.