
Cheap Apartments for Rent in Franklin, WI from $600 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Franklin.


Pinehaven Apartments

College Court Apartments

Apartment Homes of Wildwood Preserve

Heritage Village Apartments

Lexington Village Senior Apartments

Timber Ridge Apartments

Heritage Lake Senior Apartments 55+

Ridge Manor

Sunburst Apartments

6172 S 31st St

Forest Place

Greenbrook Apartments

Tuckaway Heights Apartments

Village In The Park

Tanglewood Apartments

Steeple View Apartments - a 55+ Community
Franklin, WI Local Guide

How much does it cost to rent an apartment in Franklin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Franklin Studio Apartments | $1,384 | $990 | $1,495 |
Franklin 1 Bedroom Apartments | $1,657 | $799 | $7,640 |
Franklin 2 Bedroom Apartments | $2,034 | $1,019 | $9,169 |
Franklin 3 Bedroom Apartments | $3,010 | $1,179 | $7,119 |
Browse Top Apartments in Franklin
See all Apartments in FranklinExplore Franklin
Franklin, WI Local Guide
- Franklin Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Franklin Apartments for Rent and Nearby
 The cheapest available apartment rental in Franklin, WI is a 1 Bed unit found at Pinehaven Apartments in the Far South Side neighborhood priced from $799. Lexington Village Senior Apartments in the Alcott Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Franklin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Pinehaven Apartments | NC 1 Bedroom | 1BR,1BA | $799 |
Lexington Village Senior Apartments | 1BD/1BA - Income Restricted | 1BR,1BA | $950 |
Sunburst Apartments | 1 Bedroom/1 Bathroom | 1BR,1BA | $1,095 |
Heritage Lake Senior Apartments 55+ | Two Bedroom Deluxe | 2BR,2BA | $1,140 |
Tanglewood Apartments | One Bedroom Mulberry | 1BR,1BA | $1,161 |
Village Park | 1 | 1BR,1BA | $1,245 |
Forest Ridge Senior Community | Founders - 2 Bed, 2 Bath | 2BR,2BA | $1,245 |
Tuckaway Heights Apartments | Two Bedroom Deluxe | 2BR,1BA | $1,320 |
Whitnall Park Apartments | 1OU-1 (WP1OU-1) | 1BR,1BA | $1,350 |
Mission Hills | 2bx1.5b | 2BR,1BA | $1,380 |
Best Value Apartments for Rent in Franklin, WI and Nearby
As of March 21, 2025 the best value apartment in the Franklin area is the $0.89 price per square foot 2 Bedroom, 2 Bathroom Loft Model at Greenfield Park Apartments in the in the Alcott Park neighborhood starting from $1,695. 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 $1,954 with a $1.31 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Greenfield Park Apartments | 2 Bedroom, 2 Bathroom Loft | 2BR,2.5BA | $0.89 |
The Orchard Apartments | 2 Bed, 2 Bath Corner Upper w/ Tandem 2 Car Garage | 2BR,2BA | $1.31 |
Mission Hills | 2bx1.5b | 2BR,1.5BA | $1.15 |
Brandywood Apartments | 8900 - # 209 MID APRIL 2025 | 3BR,1.5BA | $1.26 |
Heritage Lake Senior Apartments 55+ | Two Bedroom Deluxe | 2BR,2BA | $1.08 |
Lexington Village Senior Apartments | 2BD/1BA - Market Rate | 2BR,1BA | $1.50 |
Franklin Park | 2BR/1.5BA | 2BR,1.5BA | $1.47 |
Village Park | 1 | 1BR,1BA | $1.31 |
Sunburst Apartments | 1 BR / 1BA Remodeled | 1BR,1BA | $1.50 |
Pinehaven Apartments | NC 1 Bedroom | 1BR,1BA | $1.45 |
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, WI
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Franklin, WI Rentals by Map
See the most popular apartments and homes in Franklin, WI
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
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 Seasons at Franklin listed at $1,435.
How much is rent for a Cheap One Bedroom Franklin Apartment?
The lowest price for a Cheap One Bedroom Franklin Apartment is $799 at Pinehaven 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 $1,495.
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.

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.

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.

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.

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.