Equivalently: can the fundamental group of a closed manifold with universal cover homeomorphic to $\mathbb{R}^n$ be generated by $k$ elements, with $k < n$?
As a bonus question: same question without the "free" requirement on the action.
(to be sure: closed = compact + without boundary).
Many closed hyperbolic 3-manifolds have fundamental group generated by 2 elements. Indeed, if you glue two genus 2 handlebodies by a random map of their boundaries the resulting 3-manifold is highly likely to have a hyperbolic structure.