Cheap Apartments for Rent in Franklin, LA from $500 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-26, Page 1 of 1

Franklin, LA Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, LA is a 3 Beds unit found at Stone Bridge priced from $518. City Heights Magnolia (C.H.A.M.) in the St Martin Parish neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stone Bridge3 Bed 2 Bath3BR,2BA$518
City Heights Magnolia (C.H.A.M.)1x11BR,1BA$750
Garden Heights ApartmentsOne Bed One Bath1BR,1BA$750
Acadian Point ApartmentsA1 1 BEDROOM 1 BATH1BR,1BA$775
Admiral Pointe2 Bed 1 Bath2BR,1BA$795
Iberia South (Patriot Point of New Iberia)1 Bed 1 Bath1BR,1BA$825
CityParcA21BR,1BA$880
The Arts Apartments At Broussard CrossingA11BR,1BA$887
Emberwood ApartmentsPinecone1BR,1BA$965
Elora PlaceA11BR,1BA$983

Best Value Apartments for Rent in Franklin, LA and Nearby

As of March 14, 2025 the best value apartment in the Franklin area is the $1.23 price per square foot B4 Model at The Highlands Lafayette in the in the Central Lafayette Parish neighborhood starting from $1,872. The second greatest value Franklin apartment is the C1 Model at Plantation Crossing starting at $1,630 with a $1.22 price per square foot in the Central Lafayette Parish 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 Highlands LafayetteB42BR,2BA$1.23
Plantation CrossingC13BR,2BA$1.22
The Cottage at Southpark3 Bed 2 Bath Cottage3BR,2BA$1.24
Riverside At Oakbourne TownhomesTwo Bedroom2BR,1.5BA$1.11
Elora PlaceA11BR,1BA$1.15
Stone Bridge1 Bed 1 Bath1BR,1BA$0.85
Admiral Pointe2 Bed 1 Bath2BR,1BA$0.96
Reserve at Squirrel RunThe Evangeline1BR,1BA$1.29
City Heights Magnolia (C.H.A.M.)1x11BR,1BA$1.05
Acadian Point ApartmentsA1 1 BEDROOM 1 BATH1BR,1BA$1.19

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Best Local Schools in
Franklin, LA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Franklin, LA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Franklin, LA

View MapFranklin, LA Apartments MapView MapFranklin, LA Rental Homes Map

Getting Around Franklin, LA

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 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

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $725 at Stone Bridge.

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 $795 at Admiral Pointe.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Stone Bridge and starts from $518.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.