
Cheap Apartments for Rent in the Franklin South Neighborhood of Provo, UT from $300 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin South area of Provo.


151 E 300 N

534 N 500 E

355 E 500 N, Unit 2

284 E 600 N, Unit 11

547 N 300 E

885 E 350 N

865 N 500 W
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.

355 E 500 N, Unit 1

516 N 720 E

1152 E 560 N

421 Belmont Pl

392 N Seven Peaks Blvd

532 N Seven Peaks Blvd

437 Belmont Pl

855 E 700 N
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.

595 N University Ave

Total Monthly Price
577 North 100 West #103, Unit Pines Condo Student private room with bath, Unit Pines Condo Student private room with bath

577 N 100 W St, Unit 103

Total Monthly Price
642 N 200 E, Unit 206, Unit 206

591 N University Ave, Unit 116, Unit 116

364 N Seven Peaks Blvd

345 Belmont Pl

389 Belmont Pl
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.

355 E 500 N, Unit 2

405 Belmont Pl

935 N University Ave

440 N 800 W St

455 Belmont Pl

Total Monthly Price
543 N University Ave, Unit 208, Unit 208

331 Belmont Pl

609 N Seven Peaks Blvd
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Conerstone Apartments

112 W 1230 N St

761 E 820 N

346 S 600 E

1155 Independence Ave

892 E 700 N

Mountain Vista

440 E 700 N
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Franklin South, Provo, UT Local Guide

How much does it cost to rent an apartment in Franklin South?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin South Studio Apartments | $1,157 | $999 | $1,273 |
| Franklin South 1 Bedroom Apartments | $1,148 | $365 | $1,805 |
| Franklin South 2 Bedroom Apartments | $1,508 | $585 | $1,910 |
| Franklin South 3 Bedroom Apartments | $1,431 | $565 | $1,750 |
| Franklin South 4 Bedroom Apartments | $635 | $600 | $685 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Franklin South Neighborhood of Provo, UT.
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Cheapest Available Franklin South Apartments for Rent
 The cheapest available apartment rental in the Franklin South area of Provo, UT is a Studio unit found at Lookout Pointe priced from $999. Palladium has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,149. Here are the most affordable Franklin South apartments for rent in Provo, UT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lookout Pointe | Studio | Studio,1BA | $999 |
| Palladium | 1x1 | 1BR,1BA | $1,149 |
| 400 Element | Studios | Studio,1BA | $1,199 |
| Ascent at Union Square | 1 Bedroom | 1BR,1BA | $1,199 |
| The Boulders | 1 Bedroom 577 sf | 1BR,1BA | $1,250 |
| 134-138 S 300 W | 2 Beds, 1 Baths | 2BR,1BA | $1,250 |
| The Station at Mill Race | 1x1 ADA | 1BR,1BA | $1,370 |
| High Line Square | HL1.1.1 | 1BR,1BA | $1,399 |
| 200 City View | Cambridge | 1BR,1BA | $1,445 |
| Liberty Center | Ash | 1BR,1BA | $1,478 |
Best Value Apartments for Rent in Franklin South, UT
As of April 13, 2026 the best value apartment in the Franklin South area is the $0.54 price per square foot 4x2 Model at Fleur De Lis Apartments - Student Housing in the in the Carterville neighborhood starting from $650. The second greatest value Franklin South apartment is the 3 Bedroom | 2 Bathroom Model at Slate Canyon starting at $1,499 with a $1.36 price per square foot in the North Park neighborhood. Here is today’s list of the best values for Franklin South apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fleur De Lis Apartments - Student Housing | 4x2 | 4BR,2BA | $0.54 |
| Slate Canyon | 3 Bedroom | 2 Bathroom | 3BR,2BA | $1.36 |
| Sierra Ridge | 3X1 | 3BR,1BA | $1.46 |
| 134-138 S 300 W | 2 Beds, 1 Baths | 2BR,1BA | $1.40 |
| The Station at Mill Race | A5 1x1 | 1BR,1BA | $1.90 |
| 200 City View | Cambridge | 1BR,1BA | $2.02 |
| High Line Square | HL1.1.2 | 1BR,1BA | $2.19 |
| 400 Element | Studios | Studio ,1BA | $1.98 |
| Palladium | 1x1 | 1BR,1BA | $1.92 |
| Ascent at Union Square | 1 Bedroom | 1BR,1BA | $2.09 |
Frequently Asked Questions about Cheap Franklin South Apartments
What is a cheap apartment in Franklin South?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Franklin South is under $1,478.
What is the price of a cheap apartment in Franklin South?
The cheapest apartment in Franklin South is Lookout Pointe which is listed at $1,025, while the average apartment in Franklin South costs $1,649.
What types of apartments are the cheapest in Franklin South?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Franklin South that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Franklin South?
Cheap apartments in Franklin South have an average cost of $375 which is $1,274 cheaper than the average rent for all rentals in Franklin South.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.