Cheap Apartments for Rent in Franklin, VA from $500 (13 Rentals)

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

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.

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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Peanut Crossing
1 Bedroom Apartments

Peanut Crossing

273 S Saratoga StSuffolk, VA 23434

Franklin, VA Local Guide

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 ListingModel NameBed/BathPriced From
Pretlow Homes1 Bed, 1 bath1BR,1BA$526
Church Manor2 Beds, 1 bath2BR,1BA$904
Autumn Ridge Apartments1 Bedroom1BR,1BA$995
W.R. Cropper ApartmentsTwo Bedroom One Bath2BR,1BA$1,000
Autumn Ridge Apartments II3 Bedroom3BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Westerly at Benn’s GrantAnchor - Patio3BR,2.5BA$1.54
Port 58 Apartments @ HillpointBrigantine2BR,2BA$1.42
Miars Farm2 Bedroom2BR,2BA$1.13
Century Hampton RoadsThe Paris2BR,2BA$1.62
Arbour Reach ApartmentsTwo Bedroom2BR,2BA$1.25
Autumn Ridge Apartments II3 Bedroom3BR,1.5BA$1.17
Bradford Mews Apartments - Tax CreditTwo Bedroom2BR,2BA$1.35
W.R. Cropper ApartmentsTwo Bedroom One Bath2BR,1BA$1.11
Maplewood Apartments - Tax Credit2 Beds, 1 bath2BR,1BA$1.45
Church Manor2 Beds, 1 bath2BR,1BA$1.27

Quick Rent Budget Calculator

How much rent can you afford?

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

Explore Franklin, VA Rentals by Map

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Getting Around Franklin, VA

Walk Score®

35 / 100

Car-Dependent

Most errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

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.

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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.

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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.

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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.

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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.