Last updated on August 21, 2026

Average rent in
Franklin, TN

Key takeaways for renters

  • The bottom line

    Franklin, TN rent slipped 3.9% year over year to a current median of $2,345/month. The $23/month difference from last year is negligible and rents have cooled slightly.

  • Franklin is 21.8% more expensive than the $1,925/month national median, placing it above the national average in rental costs for this market size. This positions Franklin as a pricier metro for renters seeking value.

  • Rent ranges by bedroom

    Studios in Franklin run around $1,796/month, 1-bedrooms around $1,717/month, 2-bedrooms around $2,364/month, 3-bedrooms around $3,075/month, and 4+ bedrooms reach $4,500/month, offering a wide range of options for different renter needs.

Median rent

Median rent in Franklin

$2,345/mo

decreased by4%

vs previous year

The average rent in Franklin is $2,345 per month as of August 2026. This is 22% above the national average rent, or $420 more per month.

$1.68

average price per square foot

Total rentals

Available rentals in Franklin

54

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Franklin rentals at each price point

65%49%33%16%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 decreased by 1% over the last month and have decreased by 4% 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 $2,080, whereas a house costs $3,500. 1-bedroom apartments in Franklin run $1,728 on average, while 2-bedroom apartments are $2,269.

Listings

Studio

$1,795

13%

2%

1 bedroom

$1,717

1%

5%

2 bedroom

$2,364

3%

1%

3 bedroom

$3,075

2%

No Change

4 bedroom

$4,500

11%

6%

Studio

Average rent

$1,795

Last 30 days

13%

Last year

2%

1 bedroom

Average rent

$1,717

Last 30 days

1%

Last year

5%

2 bedroom

Average rent

$2,364

Last 30 days

3%

Last year

1%

3 bedroom

Average rent

$3,075

Last 30 days

2%

Last year

No Change

4 bedroom

Average rent

$4,500

Last 30 days

11%

Last year

6%

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$2,345
increased by22%

higher than the national median

Median rent price$2,685
increased by39%

higher than the national median

Takeaway

The median rent for all rentals in Franklin, TN is 13% 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 & Services2% lower
GroceriesNo difference
Health8% lower
Housing2% higher
Transportation10% lower
Utilities2% lower

Discover rentals in Franklin, TN

Harpeth River Oaks - Photo 1 of 1
Highly rated
Rent special

19h ago

9.9

Excellent

Our team has verified this company

Verified

Harpeth River Oaks

1000 Champions Cir, Franklin, TN 37064

1–3 beds

1–2 baths

$1,378–$7,531

Apartment for rent

Call

Sussex Downs - Photo 1 of 1
Highly rated
Rent special

3d ago

9.3

Excellent

Our team has verified this company

Verified

Sussex Downs

1125 Magnolia Dr, Franklin, TN 37064

2 beds

2 baths

$1,640–$2,480

Apartment for rent

Call

1101 Downs Blvd #188 - Photo 1 of 1

2d ago

Townhouse for rent in Franklin

House for rent

304 Ash Dr - Photo 1 of 1
Rent special

5d+ ago

House for rent in Franklin

304 Ash Dr

304 Ash Dr, Franklin, TN 37064

3 beds

2 baths

$2,395

House 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 $2,345 per month as of August 15, 2026.

Is rent up or down in Franklin?

Average rent prices in Franklin have decreased by 1% over the last month and have decreased by 4% since last year.

How does Franklin rent compare to the national average?

Rent in Franklin is 22% above the national average, which means renters are paying approximately $420 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 $94,000/year, based on spending no more than 30% of your income on rent.

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

October offers the lowest rents in Franklin, running about 8% below August prices, which see the highest rent of the year.

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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