Cheap Apartments for Rent in Franklin, MI from $700 (21 Rentals)

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

Check Out Detroit’s Best Affordable Neighborhoods

Learn about Detroit and the best places to live with original content written by our Detroit, MI Local Expert Tim Brown

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Pebble Creek
1 to 3 Bedroom Apartments

Pebble Creek

28600 Pebblecreek PkySouthfield, MI 48034
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Twyckingham Valley
1 to 2 Bedroom Apartments

Twyckingham Valley

22277 W 12 Mile RdSouthfield, MI 48034
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Wakefield Apartments
2 to 3 Bedroom Apartments

Wakefield Apartments

29090 Tiffany Dr ESouthfield, MI 48034
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Showing Results 1-21, Page 1 of 1

Franklin, MI Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, MI is a 1 Bed unit found at Regal Towers in the Woodcreek neighborhood priced from $779. Park at Franklin Senior Living in the Woodcreek neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Regal Towers1 Bedroom1BR,1BA$779
Park at Franklin Senior LivingRobin1BR,1BA$949
Parc on 12Nelson - Edward1BR,1BA$975
The FranklinStudio - AStudio,1BA$1,005
Pebble Creek1 Bed 1 Bath1BR,1BA$1,006

Best Value Apartments for Rent in Franklin, MI and Nearby

As of April 10, 2025 the best value apartment in the Franklin area is the $1.21 price per square foot The Andover Model at Edge At Farmington Hills in the in the Woodcreek neighborhood starting from $2,025. The second greatest value Franklin apartment is the Woodville Model at Lancaster Hills starting at $1,625 with a $1.16 price per square foot in the Northwestern Highway 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.
Edge At Farmington HillsThe Andover2BR,2BA$1.21
Lancaster HillsWoodville2BR,2BA$1.16
The PinesTwo Bedroom2BR,2BA$1.04
Regal Towers3 Bedroom3BR,2BA$1.24
Colony Park Apartments1 Bedroom 1 Bath1BR,1BA$1.44
Franklin River Apartments1 Bedroom 1 Bath1BR,1BA$1.34
Maple Place Apartments1-Bed x 1-Bath Garden Apartment1BR,1BA$1.43
Pine Aire1 Bedroom / 1 Bath1BR,1BA$1.20
Pebble Creek1 Bed 1 Bath1BR,1BA$1.24
The Lakes1 BED 1 BATH STYLE A1BR,1BA$1.49

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Getting Around Franklin, MI

Walk Score®

54 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

43 / 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 $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.

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A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent

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I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s.

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

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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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.