Cheap Apartments for Rent in the Franklin Street Neighborhood of Tampa, FL from $600 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin Street area of Tampa.

Davis Islands Apartments

The Tempo at Encore

The Trio at Encore
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Warehouse Lofts

111 S Newport Ave

Apella on Newport

Niche
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Legacy Encore

Innovo Hyde Park
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Tampa's Best Affordable Neighborhoods
Learn about Tampa and the best places to live with original content written by our Tampa, FL Local Expert Vickie Ferguson

1000 W Horatio St
Franklin Street, Tampa, FL Local Guide

How much does it cost to rent an apartment in Franklin Street?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Franklin Street Studio Apartments | $2,223 | $1,495 | $4,100 |
Franklin Street 1 Bedroom Apartments | $2,664 | $991 | $4,865 |
Franklin Street 2 Bedroom Apartments | $3,756 | $1,088 | $8,525 |
Franklin Street 3 Bedroom Apartments | $4,517 | $1,258 | $10,000+ |
Franklin Street 4 Bedroom Apartments | $1,813 | $1,469 | $4,949 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 1 mile radius of the Franklin Street Neighborhood of Tampa, FL.
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Franklin Street, Tampa, FL Local Guide
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Cheapest Available Franklin Street Apartments for Rent
 The cheapest available apartment rental in the Franklin Street area of Tampa, FL is a 1 Bed unit found at Mobley Park priced from $991. Davis Islands Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,450. Here are the most affordable Franklin Street apartments for rent in Tampa, FL:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Mobley Park | Elm | 1BR,1BA | $991 |
Davis Islands Apartments | 129 E. Davis Blvd | 1BR,1BA | $1,450 |
Warehouse Lofts | Studio | Studio,1BA | $1,495 |
Apella on Newport | 6BR/6BA - F2 | 6BR,6BA | $1,520 |
Niche | MS1-O | Studio,1BA | $1,550 |
Best Value Apartments for Rent in Franklin Street, FL
As of May 21, 2025 the best value apartment in the Franklin Street area is the $3.13 price per square foot 2B.1 Model at Inscription Channel District in the in the Ybor City neighborhood starting from $3,675. The second greatest value Franklin Street apartment is the 2 Bedroom 2 Bath 989 sqft (H) Model at Channel Club starting at $2,848 with a $2.88 price per square foot in the Ybor City neighborhood. Here is today’s list of the best values for Franklin Street apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Inscription Channel District | 2B.1 | 2BR,2BA | $3.13 |
Channel Club | 2 Bedroom 2 Bath 989 sqft (H) | 2BR,2BA | $2.88 |
Apella on Newport | 2BR/2BA - B1 | 2BR,2BA | $2.37 |
Casa Pedroso - Ybor City | 1x1 -Patio | 1BR,1BA | $2.84 |
The Slade at Channelside | Studio E1B | Studio ,1BA | $2.85 |
Bell Channelside | One Bedroom | 1BR,1BA | $2.75 |
MAA Harbour Island | Traditional 1x1 618-749 SF | 1BR,1BA | $3.17 |
Warehouse Lofts | Studio | Studio ,1BA | $2.49 |
Davis Islands Apartments | 129 E. Davis Blvd | 1BR,1BA | $2.64 |
Mobley Park | Elm | 1BR,1BA | $1.80 |
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.
Pet Friendly LifestyleFranklin Street, Tampa, FL
Ranked #41
Among neighborhoods in Tampa, FL for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States, including Tampa. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, transit availability, pet-friendly communities, multifamily communities for the kids, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Franklin Street Apartments
What is a cheap apartment in Franklin Street?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Franklin Street is under $1,768.
What is the price of a cheap apartment in Franklin Street?
The cheapest apartment in Franklin Street is Mobley Park which is listed at $991, while the average apartment in Franklin Street costs $4,417.
What types of apartments are the cheapest in Franklin Street?
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 117 regular apartments in Franklin Street 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 Street?
Cheap apartments in Franklin Street have an average cost of $702 which is $3,715 cheaper than the average rent for all rentals in Franklin Street.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

A Local Expert’s Guide To the 10 Top Budget-Friendly Neighborhoods to Rent in Tampa
Written by: Vickie Ferguson
Hi, and welcome to ApartmentHomeLiving.com, we're here to provide you with all the information you need about top areas in and around Tampa that are great choices to call home.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
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Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.