Cheap Apartments for Rent in Franklin, IN from $700 (13 Rentals)

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

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Franklin, IN Local Guide

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, IN is a 1 Bed unit found at Pleasant Creek Apartments in the Winchester Village neighborhood priced from $745. Waterbury Apartments in the Tracy Commons neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pleasant Creek ApartmentsThe Cove1BR,1BA$745
Waterbury ApartmentsStudioStudio,1BA$750
Polo Run ApartmentsThe Palomino 1 BR 1 BA1BR,1BA$878
Courts of Valle Vista1Bd/1Ba-Dn (BV)1BR,1BA$1,004
Keeneland Crest ApartmentsCamden2BR,1BA$1,040

Best Value Apartments for Rent in Franklin, IN

As of February 17, 2025 the best value apartment in the Franklin area is the $1.16 price per square foot L3-SUN Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $2,200. The second greatest value Franklin apartment is the E1r Model at Brixin Franklin starting at $1,795 with a $1.22 price per square foot in the Cityview Farm 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.
The Links at FranklinL3-SUN3BR,2BA$1.16
Brixin FranklinE1r4BR,2BA$1.22
Park Madison Apartments2x2 R-Prem2BR,2BA$1.13
Auburn Place ApartmentsMerlot2BR,1.5BA$1.22
Copper Chase at Stones CrossingBismuth1BR,1BA$1.40
Keeneland Crest ApartmentsTuscan1BR,1BA$1.34
St. Andrews1Bd/1Ba Y1BR,1BA$1.37
Summit PointeThe Tanzania1BR,1BA$1.46
The Row ApartmentsThe Picket2BR,1BA$1.35
Pleasant Creek ApartmentsThe Atrium2BR,1BA$1.03

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Best Local Schools in
Franklin, IN

School data provided by Great Schools

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Explore Franklin, IN Rentals by Map

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See the most popular apartments and homes in Franklin, IN

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Getting Around Franklin, IN

Walk Score®

35 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Waterbury Apartments listed at $750.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $745 at Pleasant Creek Apartments.

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 $825 at Pleasant Creek Apartments.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at The Row Apartments and starts from $1,324.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.