Last updated on May 18, 2026

Average rent in
Franklin, TN

Key takeaways for renters

  • The bottom line

    Franklin, TN rent is essentially flat year over year, with a current median of $2,300/month. Month over month, rents increased 3.5%, showing recent upward movement despite a small annual decline.

  • Franklin, TN rents run 18.0% more expensive than the $1,949/month national median, positioning the city in a higher price tier relative to many other markets.

  • Price ranges

    Studios in Franklin, TN rent for about $1,734/month, 1-bedrooms around $1,774/month, and 2-bedrooms near $2,282/month. Larger units range up to $4,300/month for 4+ bedrooms. The market is weighted toward larger units, with 3- and 4+-bedroom rentals making up over half of total inventory.

Median rent

Median rent in Franklin

$2,300/mo

decreased by1%

vs previous year

The average rent in Franklin is $2,300 per month as of May 2026. This is 18% above the national average rent, or $351 more per month.

$1.70

average price per square foot

Total rentals

Available rentals in Franklin

61

for rent on Zumper.com as of May 2026

Rent price distribution

Share of Franklin rentals at each price point

70%53%35%18%0%
$0 - $1,500
$1,501 - $3,000
$3,001 - $4,500
$4,501 - $6,000
$6,001 - $50,000

Rent trends in Franklin, TN

Average rent prices in Franklin have increased by 3% over the last month and have decreased by 1% 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, TN

Rent prices in Franklin vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Franklin is $2,183, whereas a house costs $3,500. 1-bedroom apartments in Franklin run $1,774 on average, while 2-bedroom apartments are $2,300.

Listings

Studio

$1,733

3%

2%

1 bedroom

$1,774

1%

2%

2 bedroom

$2,282

2%

2%

3 bedroom

$3,073

3%

2%

4 bedroom

$4,300

4%

1%

Studio

Average rent

$1,733

Last 30 days

3%

Last year

2%

1 bedroom

Average rent

$1,774

Last 30 days

1%

Last year

2%

2 bedroom

Average rent

$2,282

Last 30 days

2%

Last year

2%

3 bedroom

Average rent

$3,073

Last 30 days

3%

Last year

2%

4 bedroom

Average rent

$4,300

Last 30 days

4%

Last year

1%

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

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

Franklin

Median rent price$2,300
increased by18%

higher than the national median

Median rent price$3,925
increased by101%

higher than the national median

Takeaway

The median rent for all rentals in Franklin, TN is 41% lower than the median rent in Brentwood, TN.

Cost of living in Franklin, TN

Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.

Expenses
accrued by most renters
Average cost
compared to national average
Goods & Services1% lower
GroceriesNo difference
Health4% lower
Housing1% higher
Transportation9% lower
Utilities2% lower

Discover rentals in Franklin, TN

613 Hillsboro Rd #B27 - Photo 1 of 1
Rent special

5d+ ago

Apartment for rent in Franklin

2-Bedroom Apartment Off-Street Parking / Available Now!

613 Hillsboro Rd #B27, Franklin, TN 37064

2 beds

1 bath

$1,245

$1,195

Price drop

Apartment for rent

5576 Hargrove Rd - Photo 1 of 1

2d ago

House for rent in Franklin

2 beds

2 baths

$1,500

House for rent

Available Jun 1

Wyndchase Aspen Grove - Photo 1 of 1
Rent special

1d ago

8.3

Very good

Wyndchase Aspen Grove

3100 Aspen Grove Dr, Franklin, TN 37067

1–3 beds

1–2 baths

$1,510–$3,266

Apartment for rent

Magnolia Place - Photo 1 of 1

1d ago

8.2

Very good

Magnolia Place

813 Del Rio Pike, Franklin, TN 37064

2 beds

1 bath

$1,575

Apartment for rent

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Franklin, TN

Quick answers to common questions about the Franklin rental market.

How much is rent in Franklin?

The average rent in Franklin is $2,300 per month as of May 16, 2026.

Is rent up or down in Franklin?

Average rent prices in Franklin have increased by 3% over the last month and have decreased by 1% since last year.

How does Franklin rent compare to the national average?

Rent in Franklin is 18% above the national average, which means renters are paying approximately $351 more per month.

What salary do I need to afford rent in Franklin?

To comfortably afford rent in Franklin, you'd need to earn approximately $92,000/year, based on spending no more than 30% of your income on rent.

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

Franklin, TN one-bedroom apartments averaged around $1,800 per month in 2025, while two-bedroom units averaged around $2,400 monthly. These figures reflect the current market conditions across different apartment sizes in the area.

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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