Zumper
modified
19 Hours Ago

Highlights

  • Pet Friendly
  • Air conditioner
  • Controlled access
  • Spacious floor plans
  • Private patio/balcony
  • Generous closet space
  • Gated

Location

5166 Se Division St, Portland, OR 97206, USA|Richmond
Hi! Let’s figure out if this property is right for you.

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Tour Discover Your Dream Home at Franklin Flats!

Contact

Management

Atlas Management LLC

Leasing office

(971) 351-1662

Property Overview

Discover Your Dream Home at Franklin Flats! features excellent amenities, including air conditioning, controlled access, and private patios, complemented by spacious floor plans. With a Zumper expert rating of 8.5 and strong scores for price, amenities, and location, it offers competitive value and convenient access to key points of interest. The property is notably pet-friendly, with ample outdoor spaces and nearby services catering to pet owners, enhancing its appeal for those seeking a welcoming community.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, Discover Your Dream Home at Franklin Flats! is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Discover Your Dream Home at Franklin Flats! has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space
  • Elementary school nearby
  • Outdoor space

Great for

  • Pet owners

Floor plans

StudioStudio1 bath537 sqft$1,399 /mo1 unit availableCombining intimate, classic elegance with spacious floor plans, high quality amenities, and ample natural light, Franklin Flats offers studio, 1-bedroom, and 2-bedroom apartment homes that will exceed your expectations. Located in Portland's trendy Richmond neighborhood, and featuring a walk-score of 97, our community is perfect for those who enjoy the boutique experience with a uniquely Portland feel. Franklin Flats is an apartment community located in Multnomah County and the 97206 ZIP Code. This area is served by the Portland School District 1j attendance zone. Call us today for a tour at (971) 351-1662 or email us at **** for more information! Unique Features Air Conditioner Flex Rent Payment Option Private Patio/Balcony Additional Storage Units Available Bike Racks Generous Closet Space Spacious Floor Plans BILT Rewards Controlled Community Access Courtyard with BBQ Fantastic Neighborhood Views Enhanced Sound Insulation Light Switch Timers Faux Wood Blinds Luxury Cabinets Assigned Parking Available Large View Windows Stainless Steel Appliances (Microwave Included) Grey Hardwood Floors Throughout Community Amenities Controlled Access Gated Courtyard PARKING: $125 PET RENT: $35 PET DEPOSIT: $300 STORAGE: $50 APPLICATION FEE: $60 SECURITY DEPOSIT-$500-$1000 Atlas Management is an Equal Housing Provider **PHOTOS IN AD REPRESENT A SIMILAR FLOORPLAN**

Let's explore this property.

Amenities for Discover Your Dream Home at Franklin Flats!

Apartment Amenities

Air ConditioningBalcony
Generous Closet SpaceQuartz Countertops
Wood Faux Blinds

Appliances

DishwasherIn-Unit Laundry
Stainless Steel DishwasherStainless Steel Microwave
Stainless Steel Refrigerator & Freezer

Building

Cats OKControlled Access
Controlled Access BuildingDogs OK

Grounds

Assigned ParkingAssigned Parking Available
Bike RacksCourtyard
Outdoor SpaceSmoke Free Community
Storage
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Dog policy

Allowed 
Limit1

Cat policy

Allowed 
Limit1

Parking

Assigned ParkingContact for Price
Building details

Property details

Units14
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About Discover Your Dream Home at Franklin Flats!

HomeApartments in PortlandRichmond Discover Your Dream Home at Franklin Flats!

Combining intimate, classic elegance with spacious floor plans, high quality amenities, and ample natural light, Franklin Flats offers studio, 1-bedroom, and 2-bedroom apartment homes that will exceed your expectations. Located in Portland's trendy Richmond neighborhood, and featuring a walk-score of 97, our community is perfect for those who enjoy the boutique experience with a uniquely Portland feel. Franklin Flats is an apartment community located in Multnomah County and the 97206 ZIP Code. This area is served by the Portland School District 1j attendance zone. Call us today for a tour at (971) 279-2584 or email us at **** for more information! Unique Features Air Conditioner Flex Rent Payment Option Private Patio/Balcony Additional Storage Units Available Bike Racks Generous Closet Space Spacious Floor Plans BILT Rewards Controlled Community Access Courtyard with BBQ Fantastic Neighborhood Views Enhanced Sound Insulation Light Switch Timers Faux Wood Blinds Luxury Cabinets Assigned Parking Available Large View Windows Stainless Steel Appliances (Microwave Included) Grey Hardwood Floors Throughout Community Amenities Controlled Access Gated Courtyard Atlas Management is an Equal Housing Provider **PHOTOS IN AD REPRESENT A SIMILAR FLOORPLAN**


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, Discover Your Dream Home at Franklin Flats! is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Discover Your Dream Home at Franklin Flats! has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated Discover Your Dream Home at Franklin Flats!
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Discover Your Dream Home at Franklin Flats! stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Discover Your Dream Home at Franklin Flats! stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Discover Your Dream Home at Franklin Flats! is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Discover Your Dream Home at Franklin Flats! does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

Discover Your Dream Home at Franklin Flats! is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 3 dog parks within 1 mile
  • 4 pet grooming services nearby
  • 5 pet hospitals in the area

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Discover Your Dream Home at Franklin Flats! compares to other nearby properties.

Positives

More space
Studio is 92 sqft larger than other listings nearby
Elementary school nearby
There is an elementary school 0.3 mile away
More space
The 1-bedroom is 97 sqft larger than other listings nearby
Outdoor space
Easy access to the outdoors

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Rent trends in Richmond

studio apartments at Discover Your Dream Home at Franklin Flats! cost about 7% more than the average rent price for studio apartments in Richmond.

Median rents as of Sep 6 2025.
Richmond
Portland
A table of studio rental data trends in Portland
MonthMedian Rent
September 2023$1,252
October 2023$1,248
November 2023$1,196
December 2023$1,199
January 2024$1,205
February 2024$1,195
March 2024$1,197
April 2024$1,198
May 2024$1,213
June 2024$1,231
July 2024$1,228
August 2024$1,223
September 2024$1,233
October 2024$1,219
November 2024$1,202
December 2024$1,199
January 2025$1,193
February 2025$1,193
March 2025$1,180
April 2025$1,178
May 2025$1,178
June 2025$1,175
July 2025$1,174
August 2025$1,196
September 2025$1,195
A table of studio rental data trends in Richmond
MonthMedian Rent
September 2023$1,300
October 2023$1,302
November 2023$1,275
December 2023$1,224
January 2024$1,261
February 2024$1,309
March 2024$1,265
April 2024$1,282
May 2024$1,323
June 2024$1,329
July 2024$1,303
August 2024$1,271
September 2024$1,231
October 2024$1,288
November 2024$1,323
December 2024$1,312
January 2025$1,286
February 2025$1,295
March 2025$1,281
April 2025$1,313
May 2025$1,295
June 2025$1,285
July 2025$1,278
August 2025$1,298
September 2025$1,304

Affordability calculator

Can I afford to live at 5166 Se Division St?

Bedrooms

Studio

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$55,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $55,960 annually to afford this studio monthly rent price of $1,399.
For more information on rent affordability, visit our rent calculator.

Schools near Discover Your Dream Home at Franklin Flats!

Atkinson Elementary School

5800 se division st

portland, OR, 97206

K-5Public
B+

Winterhaven School

3830 se 14th ave

portland, OR, 97202

K-8Public
A-
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Getting around Portland near 5166 Se Division St

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

7/10
Popular public transit options are just a short walk from this location.

Points of interest for 5166 Se Division St, Portland

Groceries

6/10
At least one grocery store within a 15-minute walk

Shopping

6/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

8/10
Variety of restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

6/10
Variety of bars within walking distance

Explore the area around 5166 Se Division St

New Seasons Market
4034 SE Hawthorne Blvd
Natural Grocers
3975 SE Powell Blvd
One Fresh Foods
2563 SE 70th Ave
Safeway
3930 SE Powell Blvd
Fred Meyer
3805 SE Hawthorne Blvd

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