
Cheap Apartments for Rent in the Franklin Neighborhood of Farmington, MI from $700 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Franklin area of Farmington.


Regal Towers

The Alcove Southfield

Pine Aire

Edgewood Court North

Imperial Apartments

Maple Place Apartments

Kensington At Beverly Hills
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.

Huntley Square

The Lakes

The Crossroads At Southfield Apartments

Parkview Apartments

Cranbrook Centre - Southfield, MI

Lancaster Hills

Corner Place

Claymoor Luxury Apartments
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Arbor Lofts

30224 Southfield Rd
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Franklin, Farmington, MI Local Guide

How much does it cost to rent an apartment in Franklin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Franklin Studio Apartments | $1,078 | $825 | $1,575 |
Franklin 1 Bedroom Apartments | $2,341 | $844 | $5,300 |
Franklin 2 Bedroom Apartments | $2,914 | $929 | $10,000+ |
Franklin 3 Bedroom Apartments | $2,720 | $1,429 | $10,000+ |
Franklin 4 Bedroom Apartments | $2,555 | $2,210 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 3 mile radius of the Franklin Neighborhood of Farmington, MI.
See all Apartments in FarmingtonExplore Farmington
Franklin, Farmington, MI Local Guide
- Nearby Farmington neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Regal Towers | 1 Bedroom | 1BR,1BA | $779 |
The Alcove Southfield | S1 | Studio,1BA | $895 |
Parc on 12 | Nelson - Edward | 1BR,1BA | $905 |
Edgewood Court North | Studio | Studio,1BA | $925 |
Philamer | 1 Bed, 1 bath | 1BR,1BA | $975 |
Pine Aire | 1 Bedroom / 1 Bath | 1BR,1BA | $1,010 |
Kensington At Beverly Hills | Melrose | Studio,1BA | $1,043 |
The Pines | One Bedroom | 1BR,1BA | $1,055 |
The Lakes | 1 BED 1 BATH STYLE D | 1BR,1BA | $1,140 |
Imperial Apartments | 2 Bedroom | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Lancaster Hills | Henry | 3BR,2BA | $1.34 |
Corner Place | One Bedroom | 1BR,1BA | $1.20 |
Imperial Apartments | 3 Bedroom | 3BR,2BA | $1.39 |
The Crossroads At Southfield Apartments | Andrew | 1BR,1BA | $1.21 |
Maple Place Apartments | 1-Bed x 1-Bath Garden Apartment | 1BR,1BA | $1.43 |
Pine Aire | 1 Bedroom / 1 Bath | 1BR,1BA | $1.20 |
The Pines | One Bedroom | 1BR,1BA | $1.26 |
Philamer | 1 Bed, 1 bath | 1BR,1BA | $1.32 |
Regal Towers | 1 Bedroom | 1BR,1BA | $1.18 |
Parc on 12 | Nelson - Edward | 1BR,1BA | $1.39 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleFranklin, Farmington, MI
Ranked #7
Among neighborhoods in Farmington, MI for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Franklin, Farmington, MI
Bingham Farms Elementary School
School data provided by Great Schools
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.

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.

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.

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.