Last updated on June 8, 2026

Average rent in
Franklin Lakes, NJ

Median rent

Median rent in Franklin Lakes

$6,275/mo

increased by77%

vs previous year

The average rent in Franklin Lakes is $6,275 per month as of June 2026. This is 222% above the national average rent, or $4,325 more per month.

$13.12

average price per square foot

Total rentals

Available rentals in Franklin Lakes

9

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Franklin Lakes rentals at each price point

55%41%28%14%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 decreased by 4% over the last month and have increased by 77% 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 $3,475, whereas a house costs $4,200. 1-bedroom apartments in Franklin Lakes run $2,625 on average, while 2-bedroom apartments are $5,700.

Listings

Studio

$2,425

-

-

1 bedroom

$2,605

No Change

14%

2 bedroom

$3,282

1%

1%

3 bedroom

$4,505

No Change

-

4 bedroom

$3,900

13%

16%

Studio

Average rent

$2,425

1 bedroom

Average rent

$2,605

Last 30 days

No Change

Last year

14%

2 bedroom

Average rent

$3,282

Last 30 days

1%

Last year

1%

3 bedroom

Average rent

$4,505

4 bedroom

Average rent

$3,900

Last 30 days

13%

Last year

16%

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$6,275
increased by222%

higher than the national median

Median rent price$3,300
increased by69%

higher than the national median

Takeaway

The median rent for all rentals in Franklin Lakes, NJ is 90% higher than the median rent in Allendale, NJ.

Discover rentals in Franklin Lakes, NJ

204 Deerfield Ln - Photo 1 of 1

5d+ ago

House for rent in Franklin Lakes

2 Stories, Custom Home - Franklin Lakes Boro, NJ

204 Deerfield Ln, Franklin Lakes, NJ 07417

5 beds

2.5 baths

$6,000

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 $6,275 per month as of June 6, 2026.

Is rent up or down in Franklin Lakes?

Average rent prices in Franklin Lakes have decreased by 4% over the last month and have increased by 77% since last year.

How does Franklin Lakes rent compare to the national average?

Rent in Franklin Lakes is 222% above the national average, which means renters are paying approximately $4,325 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 $251,000/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?

Franklin Lakes rental properties typically do not include utilities as part of the rent package. Based on available data, 0% of listings across all bedroom types include utilities in their monthly 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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