Average Rent in Franklin Lakes, NJ and Rent Price Trends

Rent trends in Franklin Lakes, NJ

Average rent prices in Franklin Lakes have decreased by 5% over the last month and have increased by 38% 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 $2,945, whereas a house costs $6,450. 1-bedroom apartments in Franklin Lakes run $2,640 on average, while 2-bedroom apartments are $4,150.


Studio	$2,250	-	-
1 bedroom	$2,297	No Change	7%
2 bedroom	$4,250	1%	34%
3 bedroom	$4,810	No Change	27%
4 bedroom	$8,625	3%	40%


Apartments	$2,945	1%	No Change
Condos	$2,250	No Change	No Change
Houses	$6,450	3%	No Change
Rooms	$900	-	-

Studio

Average rent

$2,250

1 bedroom

Average rent

$2,297

Last year

2 bedroom

Average rent

$4,250

Last 30 days

Last year

34%

3 bedroom

Average rent

$4,810

Last year

27%

4 bedroom

Average rent

$8,625

Last 30 days

Last year

40%

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$4,975

162%

higher than the national median

Median rent price$3,150

66%

higher than the national median

Takeaway

The median rent for all rentals in Franklin Lakes, NJ is 58% higher than the median rent in Allendale, NJ.

Average rent in nearby cities

Explore rent trends in neighboring markets

$3,150

$3,021

$2,300

$3,000

$2,550

$2,695

$3,150

$2,262

$2,300

$3,550

$3,500

$3,215

Discover rentals in Franklin Lakes, NJ

5d+ ago

House for rent in Franklin Lakes

Rentals/Res, Contemp, 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 $4,975 per month as of September 5, 2026.

Is rent up or down in Franklin Lakes?

Average rent prices in Franklin Lakes have decreased by 5% over the last month and have increased by 38% since last year.

How does Franklin Lakes rent compare to the national average?

Rent in Franklin Lakes is 162% above the national average, which means renters are paying approximately $3,075 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 $199,000/year, based on spending no more than 30% of your income on 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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