Last updated on July 6, 2026

Average rent in
Franklin, TN

Key takeaways for renters

  • The bottom line

    Franklin, TN rent slipped modestly year over year, with a current median of $2,345/month. Renters are paying $75 less per month on average than last year, reflecting a slight decline in rents.

  • Franklin runs 20.3% more expensive than the $1,950/month national median, marking it as a pricier market with limited total rentals, totaling 51 across the city.

  • Rent ranges by bedroom

    Studios rent for $1,508/month, 1-bedrooms for $1,798/month, and 2-bedrooms for $2,297/month, with 3-bedrooms at $3,114/month and 4+ bedrooms at $4,750/month. This range shows the variation renters can expect by bedroom size.

Median rent

Median rent in Franklin

$2,345/mo

decreased by1%

vs previous year

The average rent in Franklin is $2,345 per month as of July 2026. This is 20% above the national average rent, or $395 more per month.

$1.65

average price per square foot

Total rentals

Available rentals in Franklin

51

for rent on Zumper.com as of July 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 remained the same 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 $2,086, whereas a house costs $3,750. 1-bedroom apartments in Franklin run $1,796 on average, while 2-bedroom apartments are $2,350.

Listings

Studio

$1,508

No Change

38%

1 bedroom

$1,797

2%

4%

2 bedroom

$2,297

No Change

6%

3 bedroom

$3,114

1%

1%

4 bedroom

$4,750

3%

No Change

Studio

Average rent

$1,508

Last 30 days

No Change

Last year

38%

1 bedroom

Average rent

$1,797

Last 30 days

2%

Last year

4%

2 bedroom

Average rent

$2,297

Last 30 days

No Change

Last year

6%

3 bedroom

Average rent

$3,114

Last 30 days

1%

Last year

1%

4 bedroom

Average rent

$4,750

Last 30 days

3%

Last year

No Change

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 by20%

higher than the national median

Median rent price$3,950
increased by103%

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 & Services2% lower
GroceriesNo difference
Health8% lower
Housing2% higher
Transportation10% lower
Utilities2% lower

Discover rentals in Franklin, TN

5576 Hargrove Rd - Photo 1 of 1

5d+ ago

House for rent in Franklin

Leipers Fork

5576 Hargrove Rd, Franklin, TN 37064

2 beds

2 baths

$1,400

House for rent

Available Jun 27

Wyndchase Aspen Grove - Photo 1 of 1
Rent special

3h ago

8.3

Very good

Wyndchase Aspen Grove

3100 Aspen Grove Dr, Franklin, TN 37067

1–3 beds

1–2 baths

$1,430–$3,476

Apartment for rent

Harpeth River Oaks - Photo 1 of 1

11h ago

9.3

Excellent

Our team has verified this company

Verified

Harpeth River Oaks

1000 Champions Cir, Franklin, TN 37064

1–3 beds

1–2 baths

$1,552–$8,122

Apartment for rent

Call

Sussex Downs - Photo 1 of 1
Rent special

4d ago

9.3

Excellent

Our team has verified this company

Verified

Sussex Downs

1125 Magnolia Dr, Franklin, TN 37064

2 beds

2 baths

$1,645–$2,691

Apartment for rent

Call

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 July 4, 2026.

Is rent up or down in Franklin?

Average rent prices in Franklin have remained the same 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 20% above the national average, which means renters are paying approximately $395 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?

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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