301 6th St W
HectorMN55342
Cheap Homes for Rent in Franklin, MN from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.
510 N Franklin St
New UlmMN56073
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.
309 9th St
KerkhovenMN56252
308 8th St
KerkhovenMN56252
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.
305 S Broadway St
New UlmMN56073
960 N 3rd St
St. PeterMN56082
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.
Showing Results 1-6, 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 a home in Franklin?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Franklin 2 Bedroom Homes for Rent | $1,150 | $680 | $1,750 |
| Franklin 3 Bedroom Homes for Rent | $1,612 | $1,270 | $2,700 |
| Franklin 4 Bedroom Homes for Rent | $2,157 | $1,500 | $3,000 |
| Franklin 5 Bedroom Homes for Rent | $3,380 | $2,395 | $4,850 |
| Franklin 6 Bedroom Homes for Rent | $2,150 | $2,150 | $2,150 |
Browse Top Homes for Rent in Franklin
Explore Franklin
Franklin, MN Local Guide
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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 |
Best Value Apartments for Rent in Franklin, MN and Nearby
As of May 12, 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 |
| Wolverine Meadows | 2 Bedroom 2 Bath | 2BR,2BA | $1.44 |
| 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 |
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Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 60 Apartments for Rent in Franklin, MN with pricing that ranges from $625 to $2,125. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $680 to $4,850.
What is the current price range for Rental Homes in Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $680 to $4,850 with an average monthly rent of $1,885.
How much are larger Three and Four Bedroom Rentals in Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $1,150 to $1,990, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,270 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,100.
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.