
Cheap Homes for Rent in Franklin, WI from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Franklin.


1418 W Mitchell 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.

8008 W Becher St

1484 S 92nd St
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.

1643 S 7th St

2338 W Becher St
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

1663 S 6th St

6810 W Morgan Ave
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.

3776 E Hammond Ave

3922 W Scott St
Franklin, WI Local Guide

How much does it cost to rent a home in Franklin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Franklin 2 Bedroom Homes for Rent | $1,512 | $850 | $2,400 |
Franklin 3 Bedroom Homes for Rent | $2,190 | $1,525 | $2,950 |
Franklin 4 Bedroom Homes for Rent | $2,597 | $1,695 | $3,299 |
Franklin 6 Bedroom Homes for Rent | $7,400 | $7,400 | $7,400 |
Browse Top Homes for Rent in Franklin
Explore Franklin
Franklin, WI Local Guide
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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 $1,020. Here is today’s list of the most affordable Franklin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lexington Village Senior Apartments | 1BD/1BA - Income Restricted | 1BR,1BA | $896 |
Brenwood Park Senior Apartments | One Bedroom Affordable | 1BR,1BA | $1,020 |
6129 S. 13th | 2BR/1.0BA | 2BR,1BA | $1,075 |
Best Value Apartments for Rent in Franklin, WI and Nearby
As of May 10, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Wyndridge Nominee Apartments | Phase 2 - 2B / 2BA Upper Corner Updated w/ LVP | 2BR,2BA | $1.55 |
Brandywood Apartments | 8900-#309 MID JULY 2025 | 3BR,1.5BA | $1.43 |
Heritage Lake Senior Apartments 55+ | Two Bedroom Deluxe | 2BR,2BA | $1.08 |
Lexington Village Senior Apartments | 2BD/1BA - Market Rate | 2BR,1BA | $1.50 |
6129 S. 13th | 2BR/1.0BA | 2BR,1BA | $1.13 |
Village Park | 1 | 1BR,1BA | $1.31 |
Tuckaway Heights Apartments | Two Bedroom Deluxe | 2BR,1BA | $1.55 |
6th and College | Renovated 2 bed/1 bath | 2BR,1BA | $1.50 |
Mission Hills | 1bx1b | 1BR,1BA | $1.50 |
Brenwood Park Senior Apartments | One Bedroom Affordable | 1BR,1BA | $1.44 |
Quick Rent Budget Calculator
How much rent can you afford?
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Frequently Asked Questions about Franklin
What type of rentals are currently available in Franklin?
There are currently 160 Apartments for Rent in Franklin, WI with pricing that ranges from $795 to $8,156. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Franklin ranging from $595 to $7,400.
What is the current price range for Rental Homes in Franklin?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Franklin ranges from $595 to $7,400 with an average monthly rent of $2,567.
How much are larger Three and Four Bedroom Rentals in Franklin?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Franklin range from $1,179 to $7,342, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,525 to $2,950. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $4,750.
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.

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.

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.