Last updated on July 23, 2026

Average rent in
Franklin Lakes, NJ

Median rent

Median rent in Franklin Lakes

$3,350/mo

decreased by11%

vs previous year

The average rent in Franklin Lakes is $3,350 per month as of July 2026. This is 72% above the national average rent, or $1,405 more per month.

$4.81

average price per square foot

Total rentals

Available rentals in Franklin Lakes

13

for rent on Zumper.com as of July 2026

Rent price distribution

Share of Franklin Lakes rentals at each price point

40%30%20%10%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Franklin Lakes, NJ, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Franklin Lakes, NJ

Average rent prices in Franklin Lakes have remained the same over the last month and have decreased by 11% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Franklin Lakes, NJ

Rent prices in Franklin Lakes vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Franklin Lakes is $3,442, whereas a house costs $6,000. 1-bedroom apartments in Franklin Lakes run $2,595 on average, while 2-bedroom apartments are $4,950.

Listings

Studio

$2,375

-

-

1 bedroom

$2,350

No Change

14%

2 bedroom

$3,730

1%

No Change

3 bedroom

$4,500

No Change

-

4 bedroom

$7,500

11%

20%

Studio

Average rent

$2,375

1 bedroom

Average rent

$2,350

Last 30 days

No Change

Last year

14%

2 bedroom

Average rent

$3,730

Last 30 days

1%

Last year

No Change

3 bedroom

Average rent

$4,500

4 bedroom

Average rent

$7,500

Last 30 days

11%

Last year

20%

The table above reflects average rent prices in Franklin Lakes, NJ, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Franklin Lakes, NJ compare to other cities?

Compare median rent prices in Franklin Lakes and Allendale by all bedroom counts and property types.

Franklin Lakes

Median rent price$3,350
increased by72%

higher than the national median

Median rent price$3,600
increased by85%

higher than the national median

Takeaway

The median rent for all rentals in Franklin Lakes, NJ is 7% lower than the median rent in Allendale, NJ.

Discover rentals in Franklin Lakes, NJ

976 Scioto Dr - Photo 1 of 1

5d+ ago

House for rent in Franklin Lakes

SINGLE_FAMILY - Franklin Lakes, NJ

976 Scioto Dr, Franklin Lakes, NJ 07417

5 beds

7 baths

$35,000

House for rent

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Frequently asked questions for Franklin Lakes, NJ

Quick answers to common questions about the Franklin Lakes rental market.

How much is rent in Franklin Lakes?

The average rent in Franklin Lakes is $3,350 per month as of July 18, 2026.

Is rent up or down in Franklin Lakes?

Average rent prices in Franklin Lakes have remained the same over the last month and have decreased by 11% since last year.

How does Franklin Lakes rent compare to the national average?

Rent in Franklin Lakes is 72% above the national average, which means renters are paying approximately $1,405 more per month.

What salary do I need to afford rent in Franklin Lakes?

To comfortably afford rent in Franklin Lakes, you'd need to earn approximately $134,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Franklin Lakes?

Based on our current listings, utilities are not included in Franklin Lakes rentals, with 0% of apartments across all bedroom types offering utilities as part of the rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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