
Cheap Apartments for Rent in the Franklin Neighborhood of Provo, UT from $300 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin area of Provo.


355 E 500 N

355 E 500 N

1169 N 800 W St

718 W 1720 N

364 N Seven Peaks Blvd
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.

345 Belmont Pl

355 E 500 N

577 North 100 West #204, Unit Shared room contract#1

442 S 1350 E, Unit Front Room Private Bed

1152 E 560 N

642 N 200 E, Unit 206
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.

1559 N 550 W

355 E 500 N

The Freehand

1559 N Riverside Ave #10, Unit Riverside #10/private room #1 contract

Conerstone Apartments

Mountain Vista
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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.

440 E 700 N
Franklin, Provo, UT Local Guide

How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments | $1,244 | $895 | $1,750 |
| Franklin 1 Bedroom Apartments | $1,229 | $365 | $1,688 |
| Franklin 2 Bedroom Apartments | $1,655 | $479 | $2,599 |
| Franklin 3 Bedroom Apartments | $1,314 | $489 | $1,782 |
| Franklin 4 Bedroom Apartments | $849 | $525 | $1,975 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Franklin Neighborhood of Provo, UT.
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Franklin, Provo, UT Local Guide
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Cheapest Available Franklin Apartments for Rent
 The cheapest available apartment rental in the Franklin area of Provo, UT is a 3 Beds unit found at Glenwood priced from $450. Alpine Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $550. Here are the most affordable Franklin apartments for rent in Provo, UT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Glenwood | Upgraded w/ Pantry | 3BR,2BA | $450 |
| Alpine Village | Shared Room Floorplan | 2BR,2BA | $550 |
| Campus Way | Unit #158 | 4BR,1BA | $606 |
| CollegePlace Woodland | 4X2 B | 4BR,2BA | $680 |
| CollegePlace Provo | 4x2 | 4BR,2BA | $680 |
Best Value Apartments for Rent in Franklin, UT
As of January 29, 2026 the best value apartment in the Franklin area is the $0.56 price per square foot 3x2 Model at CollegePlace Provo in the in the University neighborhood starting from $715. The second greatest value Franklin apartment is the 4x2 A Female Model at CollegePlace Woodland starting at $670 with a $0.53 price per square foot in the University 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. |
|---|---|---|---|
| CollegePlace Provo | 3x2 | 3BR,2BA | $0.56 |
| CollegePlace Woodland | 4x2 A Female | 4BR,2BA | $0.53 |
| Glenwood | Upgraded w/ 2 Fridges | 3BR,2BA | $0.40 |
| Slate Canyon | 3 Bedroom | 2 Bathroom | 3BR,2BA | $1.50 |
| Alpine Village | End Cap | 4BR,2BA | $0.58 |
| Sierra Ridge | 3X1 | 3BR,1BA | $1.46 |
| 1766 N 550 W, Unit 1766 | 1766 N 550 W | 2BR,2BA | $1.26 |
| Sixty Three Center | Timpanogos | 2BR,2BA | $1.62 |
| Blueridge | 1x1 | 1BR,1BA | $0.72 |
| Palladium | 1x1 | 1BR,1BA | $1.90 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
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.
Pet Friendly LifestyleFranklin, Provo, UT
Ranked #15
Among cities in Utah for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Franklin, Provo, UT
School data provided by Great Schools
Frequently Asked Questions about Cheap Franklin Apartments
What is a cheap apartment in Franklin?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Franklin is under $1,199.
What is the price of a cheap apartment in Franklin?
The cheapest apartment in Franklin is Palladium which is listed at $1,140, while the average apartment in Franklin costs $1,699.
What types of apartments are the cheapest in Franklin?
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 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?
Cheap apartments in Franklin have an average cost of $238 which is $1,461 cheaper than the average rent for all rentals in Franklin.
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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.