Average Rent in Franklin, OH and Rent Price Trends

Rent trends in Franklin, OH

Average rent prices in Franklin have increased by 1% over the last month and have increased by 15% 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, OH

Rent prices in Franklin vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Franklin is $1,145, whereas a house costs $1,995. 1-bedroom apartments in Franklin run $875 on average, while 2-bedroom apartments are $1,235.


Studio	$595	3%	No Change
1 bedroom	$845	3%	4%
2 bedroom	$1,235	1%	37%
3 bedroom	$1,705	27%	25%
4 bedroom	$4,500	36%	48%


Apartments	$1,145	3%	No Change
Condos	$975	4%	-
Houses	$1,995	30%	No Change

Studio

Average rent

$595

Last 30 days

Last year

No Change

1 bedroom

Average rent

$845

Last 30 days

Last year

2 bedroom

Average rent

$1,235

Last 30 days

Last year

37%

3 bedroom

Average rent

$1,705

Last 30 days

27%

Last year

25%

4 bedroom

Average rent

$4,500

Last 30 days

36%

Last year

48%

The table above reflects average rent prices in Franklin, OH, 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, OH compare to other cities?

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

Franklin

Median rent price$1,150

40%

lower than the national median

Median rent price$1,649

15%

lower than the national median

Takeaway

The median rent for all rentals in Franklin, OH is 30% lower than the median rent in Fairfield, OH.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,649

$1,685

$2,630

$2,400

$1,200

$900

$2,045

$1,795

$2,182

$1,160

West Chester Township

$1,495

$1,100

Discover rentals in Franklin, OH

23 South River Street, Unit 5 - Photo 1 of 1

2d ago

7.2

Very good

23 South River Street, Unit 5

23 S River St, Franklin, OH 45005

2 beds

1 bath

$775

Condo for rent

Available Jul 30

5d+ ago

Apartment for rent in Franklin

601 Moses Dr #2-1, Franklin, OH 45005

2 beds

2 baths

$995

Apartment for rent

Available May 7

5d+ ago

Apartment for rent in Franklin

601 Moses Dr #2-2, Franklin, OH 45005

2 beds

2 baths

$995

Apartment for rent

Available May 7

5d+ ago

House for rent in Franklin

Coming Soon! 3 Bedroom, 1 Bath Single Family Home in Franklin, OH

739 Clark St, Franklin, OH 45005

3 beds

1 bath

$1,500

House for rent

Available Aug 15

Stay up to date with rental market insights

National Rent Report

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Annual Rent Report

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Frequently asked questions for Franklin, OH

Quick answers to common questions about the Franklin rental market.

How much is rent in Franklin?

The average rent in Franklin is $1,150 per month as of July 25, 2026.

Is rent up or down in Franklin?

Average rent prices in Franklin have increased by 1% over the last month and have increased by 15% since last year.

How does Franklin rent compare to the national average?

Rent in Franklin is 40% below the national average, which means renters are paying approximately $780 less per month.

What salary do I need to afford rent in Franklin?

To comfortably afford rent in Franklin, you'd need to earn approximately $46,000/year, based on spending no more than 30% of your income on rent.

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

Based on our current listings, Franklin welcomes pet owners with 45% of rental apartments accommodating pets. With an average of 33 listings available monthly, this works out to about 15 pet-friendly options each month.

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).