Cheap Apartments for Rent in Franklin, TN from $900 (39 Rentals)

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

Nashville's Best Affordable Neighborhoods

Learn about Nashville and the best places to live with original content written by our Local Expert Brandie Parton

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Royal Oaks Apartments
2 Bedroom Apartments

Royal Oaks Apartments

179 N Royal Oaks BlvdFranklin, TN 37067
  • Utilities Included
Showing Results 1-39, Page 1 of 1

Franklin, TN Local Guide

Cheapest Neighborhoods for Apartments in Franklin, TN

Pricing Updated: 03/26/2025

Current apartment rentals in the Franklin, TN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Franklin Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Franklin$3,479$1,2991018

Cheapest Available Franklin Apartments for Rent

 

The cheapest available apartment rental in Franklin, TN is a 1 Bed unit found at Carrington Hills in the Garden Club Estates neighborhood priced from $1,218. Heritage Place in the Garden Club Estates neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,249. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Carrington HillsDominion1BR,1BA$1,218
Heritage PlaceB22BR,1BA$1,249
Franklin Manor Apartments1 bd/11BR,1BA$1,300
Vintage Tollgate ApartmentsA41BR,1BA$1,357
The Landings of Brentwood ApartmentsAshlawn1BR,1BA$1,381
The Madison FranklinThe Henley1BR,1BA$1,387
Wyndchase Aspen GroveAspen Renovated1BR,1BA$1,411
South Wind Apartment HomesSodina1BR,1BA$1,416
Viera Cool SpringsMaury1BR,1BA$1,456
Cadence Cool Springs ApartmentsAlto1BR,1BA$1,485

Best Value Apartments for Rent in Franklin, TN

As of March 26, 2025 the best value apartment in the Franklin area is the $1.10 price per square foot 2882 Iroquois Dr Model at 2882 Iroquois Dr in the in the Willowvale At Harvey Springs neighborhood starting from $2,385. The second greatest value Franklin apartment is the Derby Model at Simmons Ridge starting at $3,615 with a $1.80 price per square foot in the Garden Club Estates 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.
2882 Iroquois Dr2882 Iroquois Dr3BR,2.5BA$1.10
Simmons RidgeDerby3BR,2.5BA$1.80
780 TownhomesColonial B3BR,3.5BA$1.78
310 Crooked Oak Ct310 Crooked Oak Ct3BR,2.5BA$1.54
IMT Franklin GatewayB32BR,2BA$1.76
The Whitney FranklinHarlinsdale2BR,2BA$1.55
Sussex DownsHuntington2BR,2BA$1.59
Franklin Manor Apartments2 bd/12BR,1BA$1.58
South Wind Apartment HomesSodina1BR,1BA$1.74
The Madison FranklinThe Henley1BR,1BA$1.73

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Pet Friendly Lifestyle
Franklin, TN

Ranked #94

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Franklin, TN

School data provided by Great Schools

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

Explore Franklin, TN Rentals by Map

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See the most popular apartments and homes in Franklin, TN

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Getting Around Franklin, TN

Walk Score®

42 / 100

Car-Dependent

Most errands require a car

Bike Score®

34 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

15 / 100

Minimal Transit

It may be possible to get on a bus

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 Paxton Cool Springs listed at $1,520.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $1,218 at Carrington Hills.

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 $1,249 at Heritage Place.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Carrington Hills and starts from $2,179.

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 A Nashville Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

A Nashville Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Brandie Parton

I’m Brandie, your ApartmentHomeLiving.com local expert for Nashville, Tennessee.

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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.

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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.