
Cheap Homes for Rent in Downtown Franklin Neighborhood of Franklin, TN from $1,700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Franklin area of Franklin.


903 Granville Rd

1101 Downs Blvd, Unit 151

2513 Kennedy Ct

100 Patrick Ave
Nashville's Best Affordable Neighborhoods
Learn about Nashville and the best places to live with original content written by our Local Expert Brandie Parton
Downtown Franklin, Franklin, TN Local Guide

How much does it cost to rent a home in Downtown Franklin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Franklin 2 Bedroom Homes for Rent | $2,042 | $1,725 | $2,450 |
Downtown Franklin 3 Bedroom Homes for Rent | $3,293 | $2,100 | $6,295 |
Downtown Franklin 4 Bedroom Homes for Rent | $4,445 | $2,400 | $8,500 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Franklin Neighborhood of Franklin, TN.
Explore Franklin
Downtown Franklin, Franklin, TN Local Guide
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Cheapest Available Downtown Franklin Apartments for Rent
 The cheapest available apartment rental in the Downtown Franklin area of Franklin, TN is a 2 Beds unit found at Heritage Place priced from $1,249. Franklin Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here are the most affordable Downtown Franklin apartments for rent in Franklin, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Heritage Place | B2 | 2BR,1BA | $1,249 |
Franklin Manor Apartments | 1 bd/1 | 1BR,1BA | $1,300 |
The Madison Franklin | The Henley | 1BR,1BA | $1,396 |
Best Value Apartments for Rent in Downtown Franklin, TN
As of April 13, 2025 the best value apartment in the Downtown Franklin area is the $1.78 price per square foot Colonial B Model at 780 Townhomes in the in the Garden Club Estates neighborhood starting from $3,400. The second greatest value Downtown Franklin apartment is the Huntington Model at Sussex Downs starting at $1,663 with a $1.58 price per square foot in the Downtown Franklin neighborhood. Here is today’s list of the best values for Downtown Franklin apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
780 Townhomes | Colonial B | 3BR,3.5BA | $1.78 |
Sussex Downs | Huntington | 2BR,2BA | $1.58 |
Heritage Place | B1 | 2BR,1BA | $2.17 |
Franklin Manor Apartments | 2 bd/1 | 2BR,1BA | $1.58 |
South Wind Apartment Homes | Sodina | 1BR,1BA | $1.85 |
Harpeth River Oaks | The Maple | 1BR,1BA | $2.02 |
Grove at Shadow Green Apartments | A2 Dogwood | 1BR,1BA | $2.07 |
Greenhaven | A1 | 1BR,1BA | $2.08 |
Wyndchase Aspen Grove | Aspen Renovated | 1BR,1BA | $2.04 |
The Madison Franklin | The Oxford | 1BR,1BA | $2.10 |
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Frequently Asked Questions about Downtown Franklin
What type of rentals are currently available in Downtown Franklin?
There are currently 33 Apartments for Rent in Downtown Franklin, TN with pricing that ranges from $1,249 to $8,831. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Franklin ranging from $1,725 to $8,500.
What is the current price range for Rental Homes in Downtown Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Franklin ranges from $1,725 to $8,500 with an average monthly rent of $3,260.
How much are larger Three and Four Bedroom Rentals in Downtown Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Franklin range from $1,750 to $8,831, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $6,295. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $3,000.
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.

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.

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.

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.

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.