Cheap Apartments for Rent in the Franklin Neighborhood of Provo, UT from $300 (56 Rentals)

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

property at 1080 E 450 N

$369

Total Monthly Price

Total Monthly Price

Base Rent
$369
Total Monthly Price
$369

3 Bedroom, 2 Bath Condo for Rent

Available Aug 24

1080 E 450 N

ProvoUT84606
property at 547 N 300 E

$525 - $600

Total Monthly Price

Total Monthly Price

Base Rent
$525 - $600
Total Monthly Price
$525 - $600

3 Bedroom, 3 Bath Condo for Rent

Available Soon

547 N 300 E

ProvoUT84606

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 345 Belmont Pl

$590 - $625

1 Bedroom Rentals

Available Aug 21

345 Belmont Pl

ProvoUT84606
property at 437 Belmont Pl

$590 - $605

1 Bedroom Rentals

Available Aug 21

437 Belmont Pl

ProvoUT84606

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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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.

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property at 331 Belmont Pl

$590 - $690

1 Bedroom Rentals

Available Aug 21

331 Belmont Pl

ProvoUT84606

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.

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Mountain Vista
Studio to 1 Bedroom Apartments

Mountain Vista

1105 S State StProvo, UT 84606

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.

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Showing Results 1-50, Page 1 of 2

Franklin, Provo, UT Local Guide

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in the Franklin area of Provo, UT is a 1 Bed unit found at 350 S 900 E priced from $950. Palladium has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,099. Here are the most affordable Franklin apartments for rent in Provo, UT:

Apartment ListingModel NameBed/BathPriced From
350 S 900 E1/11BR,1BA$950
Palladium1x11BR,1BA$1,099
Ascent at Union Square1 Bedroom1BR,1BA$1,149
400 ElementStudiosStudio,1BA$1,225
200 City ViewTimpanogosStudio,1BA$1,235
CambridgeKeystone1BR,1BA$1,240
134-138 S 300 W2 Beds, 1 Baths2BR,1BA$1,250
The Station at Mill Race1x1 ADA1BR,1BA$1,370
Liberty CenterAsh1BR,1BA$1,487
Slate Canyon3 Bedroom | 2 Bathroom3BR,2BA$1,499

Best Value Apartments for Rent in Franklin, UT

As of April 30, 2026 the best value apartment in the Franklin 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 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 apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fleur De Lis Apartments - Student Housing4x24BR,2BA$0.54
Slate Canyon3 Bedroom | 2 Bathroom3BR,2BA$1.36
Sierra Ridge3X13BR,1BA$1.56
The Village at South CampusPlan A Mens4BR,2BA$0.65
2687 W 220 N, Unit Basement Apartment2687 W 220 N2BR,1BA$1.50
134-138 S 300 W2 Beds, 1 Baths2BR,1BA$1.40
The Boulders2 bedroom 2 Bath2BR,2BA$1.79
Ascent at Union Square2 Bedrooms2BR,1BA$2.00
The Station at Mill Race1x1 ADA1BR,1BA$1.85
Palladium1x11BR,1BA$1.83

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash 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.

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Quick 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.

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Pet Friendly Lifestyle
Franklin, Provo, UT

Ranked #24

Among cities in Utah for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $1,499.

What is the price of a cheap apartment in Franklin?

The cheapest apartment in Franklin is 350 S 900 E which is listed at $950, while the average apartment in Franklin costs $1,649.

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 $403 which is $1,246 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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.