
Cheap Homes for Rent in Franklin, AL from $500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.


1100 Stonegate Dr
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.

144 E University Dr

1304 Auburn St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

248 E Veterans Blvd
Franklin, AL Local Guide

How much does it cost to rent a home in Franklin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Franklin 2 Bedroom Homes for Rent | $1,187 | $775 | $1,600 |
Franklin 3 Bedroom Homes for Rent | $2,016 | $1,300 | $3,500 |
Franklin 4 Bedroom Homes for Rent | $2,405 | $1,775 | $3,200 |
Franklin 5 Bedroom Homes for Rent | $3,100 | $2,750 | $3,450 |
Browse Top Homes for Rent in Franklin
Explore Franklin
Franklin, AL Local Guide
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Cheapest Available Franklin Apartments for Rent and Nearby
 The cheapest available apartment rental in Franklin, AL is a 1 Bed unit found at The Greens at Auburn I/II in the South Auburn neighborhood priced from $935. The Fairways at Auburn I/II in the South Auburn neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $935. Here is today’s list of the most affordable Franklin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Greens at Auburn I/II | Classic Deluxe II | 1BR,1BA | $935 |
The Fairways at Auburn I/II | Classic Deluxe II/IV | 1BR,1BA | $935 |
Saddleback Ridge Apartments | One Bedroom One Bath | 1BR,1BA | $946 |
Best Value Apartments for Rent in Franklin, AL and Nearby
As of May 10, 2025 the best value apartment in the Franklin area is the $1.52 price per square foot The ONE~22 Model at THE ONE-AUBURN in the in the Downtown Auburn neighborhood starting from $2,600. The second greatest value Franklin apartment is the 3 Bedroom Flat Model at Creekside of Auburn starting at $905 with a $0.77 price per square foot in the Downtown Auburn 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. |
---|---|---|---|
THE ONE-AUBURN | The ONE~22 | 3BR,3.5BA | $1.52 |
Creekside of Auburn | 3 Bedroom Flat | 3BR,3BA | $0.77 |
319 Bragg | 2 Bedroom 2 Bathroom B1 | 2BR,2BA | $1.37 |
Oakley Cove Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.16 |
The Mill at Auburn | B1 Flooring | 2BR,2BA | $1.04 |
Saddleback Ridge Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.49 |
Summer Wind Apartments | 1x1 | 1BR,1BA | $1.47 |
Barrington Place | Ashton | 1BR,1BA | $1.50 |
Verandas at Mitylene | 1 | 1BR,1BA | $1.68 |
Village West Apartments II | The Plains | 1BR,1BA | $1.57 |
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Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 42 Apartments for Rent in Franklin, AL with pricing that ranges from $545 to $5,750. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $625 to $3,500.
What is the current price range for Rental Homes in Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $625 to $3,500 with an average monthly rent of $1,913.
How much are larger Three and Four Bedroom Rentals in Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $599 to $2,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,775 and Four Bedroom Apartments start at $545.
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.