Cheap Homes for Rent in Franklin, TN from $1,400 (13 Rentals)

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Nashville's Best Affordable Neighborhoods

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

Franklin, TN Local Guide

Cheapest Neighborhoods for Apartments in Franklin, TN

Pricing Updated: 03/25/2025

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$1,2501044

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$1,382

Best Value Apartments for Rent in Franklin, TN

As of March 25, 2025 the best value apartment in the Franklin area is the $1.23 price per square foot 528 Antebellum Ct Model at 528 Antebellum Ct in the in the Downtown Franklin neighborhood starting from $2,899. The second greatest value Franklin apartment is the 2882 Iroquois Dr Model at 2882 Iroquois Dr starting at $2,385 with a $1.10 price per square foot in the Willowvale At Harvey Springs 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.
528 Antebellum Ct528 Antebellum Ct3BR,2BA$1.23
2882 Iroquois Dr2882 Iroquois Dr3BR,2.5BA$1.10
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$1.74

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Frequently Asked Questions about Franklin

What type of rentals are currently available in Franklin?

There are currently 70 Apartments for Rent in Franklin, TN with pricing that ranges from $1,218 to $8,831. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $1,400 to $7,000.

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 $1,400 to $7,000 with an average monthly rent of $3,251.

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 $1,750 to $8,831, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,395 to $6,295. Four Bedroom Single-Family rentals are also available starting from $2,700 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.

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.