Cheap Apartments for Rent in Franklin, TN
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- Total price$1,457 - $2,277/mo1-2 Beds1-2 BathsIMT at the Galleria | 427 Nichol Mill Ln,
Franklin, TN 37067 - $1,507 - $1,919/mo1-2 Beds1-2 BathsSouth Wind Apartment Homes | 549 Southwinds Dr,
Franklin, TN 37064 - Total price$1,540 - $2,525/mo1-3 Beds1-2 BathsIMT Cool Springs | 101 Gillespie Dr,
Franklin, TN 37067 - Total price$1,597 - $2,565/mo1-3 Beds1-2 BathsHeartwood at Lockwood Glen | 1001 Archdale Dr,
Franklin, TN 37064 - Total price$1,626 - $2,745/mo1-3 Beds1-2 BathsMandolin at Stream Valley | 10000 Mabel Dr,
Franklin, TN 37064 - Total price$1,632 - $3,197/mo1-3 Beds1-2 BathsVintage Franklin Apartments | 871 Oak Meadow Dr,
Franklin, TN 37064 - Total price$1,650 - $4,038/mo1-3 Beds1-2 BathsTown Center at Berry Farms | 6001 Hughes Xing,
Franklin, TN 37064 - Total price$1,668 - $3,129/mo1-3 Beds1-2 BathsRetreat at Iron Horse | 1000 Iron Horse Ln,
Franklin, TN 37069 - $1,695 - $2,595/mo1-2 Beds1-2 BathsThe Everly at Historic Franklin | 413 Brick Path Ln,
Franklin, TN 37064 - $1,745 - $4,890/mo1-3 Beds1-2 BathsLegacy Cool Springs Apartments | 2000 Aureum Dr,
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Average Rent Trends in Franklin, TN
Rent in Franklin, TN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $2,875 |
| Nov 2025 | $2,900 |
| Dec 2025 | $2,800 |
| Jan 2026 | $2,700 |
| Feb 2026 | $2,750 |
| Mar 2026 | $2,921 |
| Apr 2026 | $2,950 |
| May 2026 | $2,995 |
| Jun 2026 | $2,981 |
| Jul 2026 | $2,695 |
| Aug 2026 | $2,650 |
| Sep 2026 | $2,534 |
Average Rent By Bedroom and Home Type
In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,624 | $2,109 | $3,000 | $4,500 | $2,400 |
| Townhomes | $1,600 | $2,150 | $2,200 | — | $2,100 |
| Apartments and Condos | $1,380 | $2,078 | $2,115 | — | $2,050 |
| Houses | — | $2,239 | $3,292 | $4,800 | $4,232 |
Frequently Asked Questions about Rentals in Franklin, TN
- What is the average rent of an apartment in Franklin, TN?The average rent of an apartment in Franklin, TN is $2,213 per month. This is about 14% higher than the national average.
- What are the cheapest months to find an apartment to rent in Franklin, TN?Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $2,800 per month.
- How many cheap apartments are available in Franklin, TN?There are 77 apartments to rent that are cheaper than the city’s average rent of $2,400.
- When is the average rent most expensive in Franklin, TN?In the last year, the average rent in Franklin, TN was highest in May 2025 when it was $3,145 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Franklin, TN?The average rent of a 1 bedroom apartment in Franklin, TN is $1,624 per month. That is about $0 less than the cost of a studio apartment.
- What are some neighborhoods in Franklin, TN?Some neighborhoods in Franklin, TN include: McEwen, Seward Hall, Central Franklin, West Harpeth, Berrys Chapel.
- What are some zip codes in Franklin, TN?
- What are some cities near Franklin, TN?Some nearby cities include: Thompsons Station, Brentwood, Fairview, Spring Hill, College Grove. These cities may have more rental options to explore.
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