Our free calculator uses recent, trusted data to estimate costs for your Basement Wall Framing project. For a basic 125 square feet project in zip code 47474, the benchmark cost to Frame Basement Walls ranges between $2.51 - $3.17 per square foot* .To estimate costs for your project: 1. Set Project Zip Code Enter the Zip Code for the location where labor is hired and materials purchased.or a basic 125 square feet project in zip code 47474, the benchmark cost to Frame Basement Walls ranges between $2.51 - $3.17 per square foot* . To estimate costs for your project: 1.