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Cheap Apartments for Rent in Franklin, MN from $400 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.
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Rent Specials
from $7502 Bedroom Apartments Available Now
Bethel On Bryant
419-427 Bryant Ave NWRenville, MN 56284
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from $7502 Bedroom Apartments Available Now
The Rock Apartments
1040-1090 17th StGranite Falls, MN 56241
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Rent Specials
from $795Studio to 4 Bedroom Apartments Available Now
The Nexus
231-235 Legion Field RdMarshall, MN 56258
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from $8001 to 2 Bedroom Apartments Available Now
Nyberg Apartments 55+
1709 5th St SWWillmar, MN 56201
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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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.
301 6th St W
HectorMN55342
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309 9th St
KerkhovenMN56252
308 8th St
KerkhovenMN56252
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.
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Showing Results 1-26, Page 1 of 1
Franklin, MN Local Guide
Touch the Sky Prairie by Michel Curi is licensed under CC BY 2.0
How much does it cost to rent an apartment in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin Studio Apartments | $932 | $795 | $1,035 |
| Franklin 1 Bedroom Apartments | $1,164 | $800 | $1,895 |
| Franklin 2 Bedroom Apartments | $1,304 | $625 | $2,125 |
| Franklin 3 Bedroom Apartments | $1,516 | $1,150 | $1,990 |
| Franklin 4 Bedroom Apartments | $1,197 | $1,100 | $1,700 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Franklin Apartments for Rent and Nearby
The cheapest available apartment rental in Franklin, MN is a 2 Beds unit found at RC Square Apartments in the Downtown Marshall neighborhood priced from $625. 45 N High Dr NW in the Downtown Hutchinson neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $695. Here is today’s list of the most affordable Franklin apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| RC Square Apartments | 2 Bedroom | 2BR,1BA | $625 |
| 45 N High Dr NW | 2 bedroom | 2BR,1BA | $695 |
| The Rock Apartments | GF: 2 Bed 1 Bath | 2BR,1BA | $750 |
| Bethel On Bryant | Renville - 2/1 | 2BR,1BA | $750 |
| The Nexus | 233 - Studio A/1 BA | Studio,1BA | $795 |
| Briarwood Estates | 901 Pearl Ave | 2BR,1BA | $850 |
| Suite Liv'n - Marshall | One Bedroom | 1BR,1BA | $850 |
| Red Skye Lofts | 1 Bedroom | 1BR,1BA | $890 |
| Country Club Manor | 1 Bedroom 1 Bathroom | 1BR,1BA | $895 |
| Nyberg Apartments 55+ | 2 Bed | 2BR,1BA | $900 |
Best Value Apartments for Rent in Franklin, MN and Nearby
As of May 17, 2025 the best value apartment in the Franklin area is the $0.71 price per square foot 4 Bedroom - Lower Level Model at Windom Landing in the starting from $975. The second greatest value Franklin apartment is the 3 Bedroom 2 Bath Model at Sleepy Eye Apartments Homes starting at $1,620 with a $1.35 price per square foot . 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. |
|---|---|---|---|
| Windom Landing | 4 Bedroom - Lower Level | 4BR,2BA | $0.71 |
| Sleepy Eye Apartments Homes | 3 Bedroom 2 Bath | 3BR,2BA | $1.35 |
| Briarwood Estates | 901D Briarwood | 3BR,2BA | $1.30 |
| Red Skye Lofts | 1 Bedroom | 1BR,1BA | $0.91 |
| 803 W Main St | Two Bedroom | 2BR,2BA | $1.10 |
| Lakeside Apartments | B - 2 Bed 2 Bath Lakeview | 2BR,2BA | $1.37 |
| Nyberg Apartments 55+ | 2 Bed | 2BR,1BA | $1.00 |
| RC Square Apartments | 2 Bedroom | 2BR,1BA | $0.70 |
| 45 N High Dr NW | 2 bedroom | 2BR,1BA | $0.82 |
| Suite Liv'n College Green | 3-bedroom | 3BR,1BA | $1.44 |
Quick Rent Budget Calculator
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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.
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Explore Franklin, MN Rentals by Map
See the most popular apartments and homes in Franklin, MN
Franklin, MN Apartments MapFranklin, MN Rental Homes MapGetting Around Franklin, MN
Walk Score®
10 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
26 / 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 The Nexus listed at $795.
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $850 at Suite Liv'n - Marshall.
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 $625 at RC Square Apartments.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at 1301 24th St NW and starts from $1,150.
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.