Cheap Apartments for Rent in Franklin, WI from $600 (28 Rentals)

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

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

close
View Me
Park Water Apartments
1 to 3 Bedroom Apartments

Park Water Apartments

6594 S 35th StFranklin, WI 53132
Utilities inc.
close
View Me
6172 S 31st St
$1,0951 Bedroom, 1 Bath RentalsAvailable Now

6172 S 31st St

Greenfield, WI 53221
View Details
close
View Me
6213 S 13th St
1 to 2 Bedroom Apartments

6213 S 13th St

6213 S 13th StMilwaukee, WI 53221
Utilities inc.
close
View Me
6129 S 13th St
2 Bedroom Apartments

6129 S 13th St

6129 S 13th StMilwaukee, WI 53221
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 inc.
close
View Me
Greenway Apartments
2 Bedroom Apartments

Greenway Apartments

6507 GreenwayGreendale, WI 53129
Utilities inc.
close
View Me
The Edgerton
2 Bedroom Apartments

The Edgerton

4909 W Edgerton AveGreenfield, WI 53220
Utilities inc.
close
View Me
6172 S 31st St
1 to 2 Bedroom Apartments

6172 S 31st St

6172 S 31st StGreenfield, WI 53221
Utilities inc.

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 $950. Heritage Lake Senior Apartments 55+ in the Gra-Ram neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,140. 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$950
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1,140
Forest Ridge Senior CommunityLegacy - 1 Bed, 1 Bath1BR,1BA$1,148
Franklin Park1BR/1.0BA1BR,1BA$1,199
Oak Shores ApartmentsOne Bedroom Traditional1BR,1BA$1,287
Tanglewood ApartmentsOne Bedroom Mulberry1BR,1BA$1,298
Mission Hills2bx1.5b2BR,1BA$1,405
Seasons at FranklinAAStudio,1BA$1,435
Seasons at Orchard HillsAStudio,1BA$1,440

Best Value Apartments for Rent in Franklin, WI and Nearby

As of February 26, 2025 the best value apartment in the Franklin area is the $1.45 price per square foot 3 Bed, 2 Bath Upper Coach Model at Falcon Glen in the in the Alcott Park neighborhood starting from $2,324. The second greatest value Franklin apartment is the 2 Bed, 2 Bath Corner Upper w/ Tandem 2 Car Garage Model at The Orchard Apartments starting at $1,904 with a $1.27 price per square foot in the Alcott 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.
Falcon Glen3 Bed, 2 Bath Upper Coach3BR,2BA$1.45
The Orchard Apartments2 Bed, 2 Bath Corner Upper w/ Tandem 2 Car Garage2BR,2BA$1.27
Knollwood Legacy Apartments2 Bed 2 Bath End Unit2BR,2BA$1.57
Mission Hills2bx1.5b2BR,1.5BA$1.17
Southfield ApartmentsPhase 1 - 2 Bed, 2 Bath Morning Dove2BR,2BA$1.24
Brandywood Apartments8920-#305 MAR 2025 1ST MONTHS RENT FREE3BR,1BA$1.23
Heritage Lake Senior Apartments 55+Two Bedroom Deluxe2BR,2BA$1.08
3901 W Iona Ter, Unit 3901A3901 W Iona Ter2BR,1BA$1.40
Riverwood Estates ApartmentsMysticwood Spiral1BR,1BA$1.62
Lexington Village Senior Apartments2BD/1BA - Market Rate2BR,1BA$1.50

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 Seasons at Orchard Hills listed at $1,430.

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

The lowest price for a Cheap One Bedroom Franklin Apartment is $950 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 $1,060 at Lexington Village Senior Apartments.

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 $1,450.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.