Cheap Apartments for Rent in Franklin, VA from $500 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.

Forest Pine Apartments

605 Oak St
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.

Autumn Ridge Apartments

W.R. Cropper Apartments

Autumn Ridge Apartments II
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.

Morris Creek Landing Apartments

The Arbors at Shoulders Hill Senior Living

7 Bank St
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.
Franklin, VA Local Guide

How much does it cost to rent an apartment in Franklin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Franklin Studio Apartments | $1,305 | $1,275 | $1,350 |
Franklin 1 Bedroom Apartments | $1,575 | $526 | $2,500 |
Franklin 2 Bedroom Apartments | $1,888 | $597 | $2,849 |
Franklin 3 Bedroom Apartments | $2,218 | $984 | $3,254 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, VA Local Guide
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Cheapest Available Franklin Apartments for Rent and Nearby
 The cheapest available apartment rental in Franklin, VA is a 1 Bed unit found at Pretlow Homes priced from $526. Church Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $904. Here is today’s list of the most affordable Franklin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Pretlow Homes | 1 Bed, 1 bath | 1BR,1BA | $526 |
Church Manor | 2 Beds, 1 bath | 2BR,1BA | $904 |
Autumn Ridge Apartments | 1 Bedroom | 1BR,1BA | $995 |
W.R. Cropper Apartments | Two Bedroom One Bath | 2BR,1BA | $1,000 |
Autumn Ridge Apartments II | 3 Bedroom | 3BR,1BA | $1,182 |
Best Value Apartments for Rent in Franklin, VA and Nearby
As of May 13, 2025 the best value apartment in the Franklin area is the $1.54 price per square foot Anchor - Patio Model at The Westerly at Benn’s Grant in the starting from $2,434. The second greatest value Franklin apartment is the Brigantine Model at Port 58 Apartments @ Hillpoint starting at $1,800 with a $1.42 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. |
---|---|---|---|
The Westerly at Benn’s Grant | Anchor - Patio | 3BR,2.5BA | $1.54 |
Port 58 Apartments @ Hillpoint | Brigantine | 2BR,2BA | $1.42 |
Miars Farm | 2 Bedroom | 2BR,2BA | $1.13 |
Century Hampton Roads | The Paris | 2BR,2BA | $1.62 |
Arbour Reach Apartments | Two Bedroom | 2BR,2BA | $1.25 |
Autumn Ridge Apartments II | 3 Bedroom | 3BR,1.5BA | $1.17 |
Bradford Mews Apartments - Tax Credit | Two Bedroom | 2BR,2BA | $1.35 |
W.R. Cropper Apartments | Two Bedroom One Bath | 2BR,1BA | $1.11 |
Maplewood Apartments - Tax Credit | 2 Beds, 1 bath | 2BR,1BA | $1.45 |
Church Manor | 2 Beds, 1 bath | 2BR,1BA | $1.27 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Best Local Schools in Franklin, VA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin, VA Rentals by Map
See the most popular apartments and homes in Franklin, VA
Getting Around Franklin, VA
Walk Score®
35 / 100
Car-Dependent
Most errands require a car
Bike Score®
35 / 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 Elliott Apartments listed at $1,275.
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $526 at Pretlow Homes.
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 $597 at Pretlow Homes.
What is the most affordable Franklin Three Bedroom Apartment?
The best deal on a cheap Franklin Three Bedroom Apartment rental is at Autumn Ridge Apartments II and starts from $1,182.
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.