Cheap Apartments for Rent in the Franklin Neighborhood of Farmington, MI from $700 (27 Rentals)

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

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.

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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355 E 14 Mile Rd
1 Bedroom Apartments

355 E 14 Mile Rd

355 E 14 Mile RdBirmingham, MI 48009
  • Utilities Included
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Wakefield Apartments
2 to 3 Bedroom Apartments

Wakefield Apartments

29090 Tiffany Dr ESouthfield, MI 48034
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Altitude Apartments
1 to 2 Bedroom Apartments

Altitude Apartments

4312-4316 W 13 Mile RdRoyal Oak, MI 48073
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Laurel Woods
2 Bedroom Apartments

Laurel Woods

22200 Laurel Woods CtSouthfield, MI 48034
  • Utilities Included

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Franklin, Farmington, MI Local Guide

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in the Franklin area of Detroit, MI is a 1 Bed unit found at Regal Towers priced from $779. The Alcove Southfield has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Franklin apartments for rent in Detroit, MI:

Apartment ListingModel NameBed/BathPriced From
Regal Towers1 Bedroom1BR,1BA$779
The Alcove SouthfieldS1Studio,1BA$895
Parc on 12Nelson - Edward1BR,1BA$905
Edgewood Court NorthStudioStudio,1BA$925
Philamer1 Bed, 1 bath1BR,1BA$975
Pine Aire1 Bedroom / 1 Bath1BR,1BA$1,010
Kensington At Beverly HillsMelroseStudio,1BA$1,043
The PinesOne Bedroom1BR,1BA$1,055
The Lakes1 BED 1 BATH STYLE D1BR,1BA$1,140
Imperial Apartments2 Bedroom2BR,1BA$1,149

Best Value Apartments for Rent in Franklin, MI

As of May 12, 2025 the best value apartment in the Franklin area is the $1.34 price per square foot Henry Model at Lancaster Hills in the in the Northwestern Highway neighborhood starting from $2,415. The second greatest value Franklin apartment is the One Bedroom Model at Corner Place starting at $1,445 with a $1.20 price per square foot in the Fries 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.
Lancaster HillsHenry3BR,2BA$1.34
Corner PlaceOne Bedroom1BR,1BA$1.20
Imperial Apartments3 Bedroom3BR,2BA$1.39
The Crossroads At Southfield ApartmentsAndrew1BR,1BA$1.21
Maple Place Apartments1-Bed x 1-Bath Garden Apartment1BR,1BA$1.43
Pine Aire1 Bedroom / 1 Bath1BR,1BA$1.20
The PinesOne Bedroom1BR,1BA$1.26
Philamer1 Bed, 1 bath1BR,1BA$1.32
Regal Towers1 Bedroom1BR,1BA$1.18
Parc on 12Nelson - Edward1BR,1BA$1.39

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Franklin, Farmington, MI

Ranked #7

Among neighborhoods in Farmington, MI for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Franklin Apartments

What is the Cheapest Studio apartment in Franklin?

Currently the most affordable Cheap Studio Apartment in Franklin is at The Alcove Southfield listed at $895.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $779 at Regal Towers.

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

Today's best deal for a Cheap Two Bedroom Apartment in Franklin is starting from $929 at Regal Towers.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Regal Towers and starts from $1,429.

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.

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A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

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.

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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.

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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.