
Cheap Apartments for Rent in Franklin, IN from $700 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.


The Row Apartments

1410 E Jefferson St

1420 E Jefferson St

Waterbury Apartments

Polo Run Apartments

Courts of Valle Vista

The Fairways at Valle Vista

Keeneland Crest Apartments

Mission Hills Apartments

Westminster Apartments and Townhomes

Auburn Place Apartments

Summit Pointe

Stonehedge Apartments
Franklin, IN Local Guide

How much does it cost to rent an apartment in Franklin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Franklin Studio Apartments | $1,215 | $750 | $1,394 |
Cheap Franklin 1 Bedroom Apartments | $1,302 | $849 | $2,258 |
Cheap Franklin 2 Bedroom Apartments | $1,553 | $920 | $2,830 |
Cheap Franklin 3 Bedroom Apartments | $2,040 | $1,330 | $3,712 |
Cheap Franklin 4 Bedroom Apartments | $1,710 | $1,710 | $1,710 |
Browse Top Apartments in Franklin
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Franklin, IN Local Guide
- Franklin Neighborhoods
- Nearby Cities
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Cheapest Available Franklin Apartments for Rent
 The cheapest available apartment rental in Franklin, IN is a Studio unit found at Waterbury Apartments in the Tracy Commons neighborhood priced from $750. Polo Run Apartments in the Buffalo Creek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here is today’s list of the most affordable Franklin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Waterbury Apartments | Studio | Studio,1BA | $750 |
Polo Run Apartments | The Palomino 1 BR 1 BA | 1BR,1BA | $849 |
Courts of Valle Vista | 1Bd/1Ba-Dn (BV) | 1BR,1BA | $1,004 |
The Fairways at Valle Vista | 1 Bedroom 1 Bath A | 1BR,1BA | $1,029 |
Westminster Apartments and Townhomes | Stafford | 1BR,1BA | $1,055 |
Best Value Apartments for Rent in Franklin, IN
As of March 24, 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 D1r Model at Brixin Franklin starting at $1,595 with a $1.20 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Links at Franklin | L3-SUN | 3BR,2BA | $1.16 |
Brixin Franklin | D1r | 3BR,2BA | $1.20 |
Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.14 |
Devonshire Apartments | The Windsor | 3BR,2BA | $1.38 |
Park Madison Apartments | 2x2 R-Prem | 2BR,2BA | $1.13 |
Community Place | 3B | 3BR,1.5BA | $1.36 |
Auburn Place Apartments | Merlot | 2BR,1.5BA | $1.19 |
Copper Chase at Stones Crossing | Bismuth | 1BR,1BA | $1.18 |
Summit Pointe | The Tanzania | 1BR,1BA | $1.40 |
Stonehedge Apartments | The Solis | 1BR,1BA | $1.39 |
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Best Local Schools in Franklin, IN
Franklin Community High School
Franklin Community Middle School
School data provided by Great Schools
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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 $849 at Polo Run 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 $993 at Polo Run Apartments.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Westminster Apartments and Townhomes and starts from $1,385.
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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