Cheap Apartments for Rent in Franklin, WI from $600 (30 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Cheap Apartments in Franklin.

close
View Me
Park Water Apartments
1 to 3 Bedroom Apartments

Park Water Apartments

6594 S 35th StFranklin, WI 53132
  • Utilities Included

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.

close
View Me
6213 S 13th St
1 to 2 Bedroom Apartments

6213 S 13th St

6213 S 13th StMilwaukee, WI 53221
  • Utilities Included

Check Out Milwaukee’s Best Affordable Neighborhoods

Learn about Milwaukee and the best places to live with original content written by our Local Expert Tim Brown

close
View Me
9715 W Forest Home Ave
1 Bedroom Apartments

9715 W Forest Home Ave

9715 W Forest Home AveHales Corners, WI 53130
  • Utilities Included
close
View Me
Greenway Apartments
2 Bedroom Apartments

Greenway Apartments

6507 GreenwayGreendale, WI 53129
  • Utilities Included
close
View Me
The Edgerton
2 Bedroom Apartments

The Edgerton

4909 W Edgerton AveGreenfield, WI 53220
  • Utilities Included
close
View Me
6129 S. 13th
2 Bedroom Apartments

6129 S. 13th

6129 S 13th StMilwaukee, WI 53221

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, WI Local Guide

Cheapest Available Franklin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Franklin, WI is a 1 Bed unit found at Lexington Village Senior Apartments in the Alcott Park neighborhood priced from $896. Brenwood Park Senior Apartments in the Eastern Waukesha neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $940. Here is today’s list of the most affordable Franklin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lexington Village Senior Apartments1BD/1BA - Income Restricted1BR,1BA$896
Brenwood Park Senior ApartmentsOne Bedroom Affordable1BR,1BA$940
6129 S. 13th2BR/1.0BA2BR,1BA$1,075
Parkside ApartmentsPhase 1 - 1 Bed, 1 Bath Garden1BR,1BA$1,084
Greenbrook ApartmentsOne Bedroom One Bath1BR,1BA$1,100
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1,140
Sunburst Apartments1 BR / 1BA Remodeled1BR,1BA$1,150
Forest Ridge Senior CommunityFounders - 2 Bed, 2 Bath2BR,2BA$1,245
Village Park11BR,1BA$1,245
Riverwood Estates ApartmentsSunstone1BR,1BA$1,275

Best Value Apartments for Rent in Franklin, WI and Nearby

As of May 04, 2025 the best value apartment in the Franklin area is the $1.55 price per square foot Phase 2 - 2B / 2BA Upper Corner Updated w/ LVP Model at Wyndridge Nominee Apartments in the in the Eastern Waukesha neighborhood starting from $1,994. The second greatest value Franklin apartment is the 8900-#309 MID JULY 2025 Model at Brandywood Apartments starting at $1,695 with a $1.43 price per square foot in the River Park 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.
Wyndridge Nominee ApartmentsPhase 2 - 2B / 2BA Upper Corner Updated w/ LVP2BR,2BA$1.55
Brandywood Apartments8900-#309 MID JULY 20253BR,1.5BA$1.43
Wood Creek ApartmentsTwo Bedroom - Attached Garage2BR,1.5BA$1.54
Mission Hills2bx1.5b2BR,1.5BA$1.21
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1.08
Lexington Village Senior Apartments2BD/1BA - Market Rate2BR,1BA$1.50
6129 S. 13th2BR/1.0BA2BR,1BA$1.13
Village Park11BR,1BA$1.31
Greenbrook ApartmentsOne Bedroom One Bath1BR,1BA$1.38
Brenwood Park Senior ApartmentsOne Bedroom Affordable1BR,1BA$1.33

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.

decorative image of people with a giant lease agreement

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

Explore Franklin, WI Rentals by Map

View MapFranklin, WI Apartments MapView MapFranklin, WI Rental Homes Map

Getting Around Franklin, WI

Walk Score®

27 / 100

Car-Dependent

Most errands require a car

Bike Score®

36 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

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 HUB13 listed at $1,330.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $896 at Lexington Village Senior Apartments.

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 $1,075 at 6129 S. 13th.

What is the most affordable Franklin Three Bedroom Apartment?

The best deal on a cheap Franklin Three Bedroom Apartment rental is at Brandywood Apartments and starts from $1,525.

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 Finding The Best Affordable Milwaukee Neighborhoods to Rent article

Finding The Best Affordable Milwaukee Neighborhoods to Rent

Written by: Tim Brown

I'm Tim, your ApartmentHomeLiving.com Local Expert for Milwaukee, Wisconsin. Growing up in the city and then just blocks outside the border, many Milwaukee neighborhoods have been home to friends and family for many years.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.